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 by their employers.
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 a settlement with Tapscott and his former firm, NextBlock, that will see them agree to a combined $1-million administrative penalty ($700,000 from NextBlock and $300,000 from Tapscott), along with $100,000 in costs, after admitting to misleading investors in NextBlock’s offering materials.
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 (20%) and forced 16% to postpone retirement.
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.
Get in Touch
Steve Syrett, Financial Planner
Office: 613-544-9600 x 4475