Quebec to drop withdrawal limit for LIFs in 2025
Nov 11, 2024 · With the change, individuals who have Quebec-registered LIFs will have greater control over the amount of annual retirement income they receive and more tax planning flexibility, said Serge Lessard, assistant vice-president, regional tax, retirement and estate planning services, wealth, with Manulife Investment Management in Montreal.
Canaccord acquires Wood Gundy advisory team with $1B in client …
Nov 15, 2024 · “In the competitive wealth management advisory channel, top advisors are actively seeking a platform and environment that empowers their teams to deliver on the complexities of their value propositions and achieve the client outcomes they aspire to, ” …
Total TFSA contribution room to rise above $100K in 2025
Oct 15, 2024 · However, the TFSA dollar limit for 2025 can be calculated using the consumer price index (CPI) published by Statistics Canada on Tuesday, which came in at 1.6% for September 2024.. The federal indexation factor for the coming year is calculated as the average of the monthly CPI for the 12-month period ended Sept. 30 of this year divided by the average CPI for the 12-month period ended Sept. 30 ...
Bridging investors may finally see some money
Nov 28, 2024 · Retail investors who held units of funds operated by failed alternative investment fund manager, Bridging Finance Inc., are in line to share $473 million in a distribution being proposed by the firm’s receiver, PricewaterhouseCoopers Inc. (PwC).
BCSC steps up fight against misleading investors
Dec 13, 2024 · Regulator issues guidance on broader protections against misinformation. The British Columbia Securities Commission (BCSC) has issued new guidance on its prohibitions against misleading disclosure, which have been expanded and may be tougher than the requirements in place in other provinces.
Canada’s Financial Industry Newspaper | Investment Executive
Investment Executive has the latest news and analysis on investment products, industry news and securities regulation for financial advisors.
U.S. will enter a recession in 2025: BCA Research
Nov 22, 2024 · Both the U.S. and Canadian economies will go into recession in 2025, according to Peter Berezin, chief global strategist at BCA Research. Neither will suffer the kind of balance sheet recession that followed the global financial crisis in 2008, but he’s pessimistic about both central banks’ ability to engineer a soft landing.
U.S., European bank merger prospects rising | Investment Executive
Dec 10, 2024 · The regulatory approach to bank mergers in the U.S. is expected to become increasingly favourable to dealmaking — narrowing the recent divergence between the U.S. and European banking sectors — and facilitating further consolidation, says Fitch Ratings.
Industry moves this week | Investment Executive
Dec 20, 2024 · Each week, we summarize notable moves across the financial industry. Susan Allemang has retired as director of policy and regulatory affairs with the Independent Financial Brokers of Canada (IFBC) after 20 years. The organization credits Allemang with elevating its profile among finance professionals, regulators and industry stakeholders, and recognized her as a “fierce champion” of the ...
Measures for biz in fall economic statement target productivity
Dec 18, 2024 · The fall economic statement provided some positive news for businesses, with new money to boost the scientific research and experimental development (SR&ED) tax incentives and to renew the accelerated investment incentive.