Finance Minister Jim Flaherty will deliver the 2013 federal budget in Ottawa on March 21. Investment Executive reporters and editors are there to deliver news and insight for advisors. Stay tuned for IE:TV coverage and a post-budget webinar.
March 22, 2013Association reviewing tax policy changes to annuities, loan arrangements
The 2013 federal budget appears to be cracking down on conversion contracts, which convert what would otherwise be considered income into capital gains. Jamie Golombek, managing director of tax and estate planning at CIBC Private Wealth Management, discusses the impact of this crackdown on derivative forward gains and funds using these strategies. Golombek spoke from the Media Lock up government conference centre in Ottawa.
Tax benefits from leveraged life insurance arrangements to be reduced
Changes will effect mutual funds that use these contracts to increase yields
The feds want to ensure the corporate and personal tax systems are more fully integrated
Federal budget proposes a program that rewards whistleblowers
Changes will extend time for reassessment and form T1135
Public finances “firmly under control”, association says
Program would provide an additional 25% tax credit on a first-time charitable donation
The 2025 ETF Guide provides a snapshot of how these products are evolving, from industry-wide trends to regulatory changes, along with some of this year’s…
Everything financial advisors need to know about this year’s federal budget
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