Financial advisors more popular with some generations than others People who have documented retirement plans most likely got help from a financial advisor, according to a survey from Benefits Canada. Benefits Canada’s CAP Member Pulse Survey polled 500 respondents who participate in capital accumulation plans (such as DC plans, group RRSPs and group TFSAs) provided […]
Alex Tapscott also settled with the SEC, paying a $25,000 civil penalty Blockchain investment firm NextBlock Global Ltd. and its founder, Alex Tapscott, are paying $1.1 million as part of a settlement to resolve regulators’ allegations that they misled investors in offering materials. A hearing panel of the Ontario Securities Commission (OSC) on Monday approved […]
Looking ahead, parents expect the negative impact to increase Costs for post-secondary education are taking a toll on parents’ finances. A survey conducted for FP Canada found that 67% of Canadians with children over age 18 have helped their children with post-secondary costs, and doing so prevented one in five parents from paying off debt […]
Consider these factors before establishing a Henson trust For thousands of Canadian families, estate planning is complicated when a loved one has a disability. Typically, the family member with the disability requires financial or money management assistance, and receives provincial disability benefits. Because entitlement to most provincial benefit schemes is contingent on income or capital, […]
Inheriting an unexpected, or even an anticipated, lump sum can fill you with mixed emotions – if your emotional attachment to the individual who has passed away was strong then you are likely to be grieving and the thought of how to handle your new-found wealth can be overwhelming and confusing but also exciting. One of the best pieces of advice in this situation is to give yourself some time before making any binding financial decisions. The temptation to quickly put the money to so-called ‘good use’ or to rush out and spend it can be strong but you must allow the news to sink in and also take some time to consider your options before you embark on the process of dealing with the inheritance. In the short term, put the money away in a high interest savings account and take time to research and think carefully about your financial goals and objectives and how this inheritance can help you to secure and maximize your financial future in the best way.
Regulator alleges firm failed to provide clients with position cost information in account statements The Investment Industry Regulatory Organization of Canada (IIROC) is bringing disciplinary action against TD Waterhouse Canada Inc., alleging that the brokerage firm failed to provide clients with certain cost disclosure required under the second phase of the client relationship model.
The provincial budget also said the government would extend the deadline for filing estate returns The Ontario government is proposing to eliminate probate tax on estates valued under $50,000, and to ease the compliance regime involved in the filing of an estate administration return in the province.
The 2019 Ontario budget highlights include CARE tax credit, Estate administration tax and reviews about current tax measures.
The B.C. Supreme Court issued the decision earlier this week The Supreme Court of British Columbia has certified a proposed class action against the operators of an alleged Ponzi scheme. In a decision issued on April 2, a class action has been certified against the operators of Letan Investments Management, Virginia and Patrick Tan, and […]
Winnipeg, MB, April 3, 2019. . . Three iconic Canadian brands are coming together under one brand – Canada Life – to better serve their more than 13 million customer relationships across Canada and to position the companies for even stronger growth.