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Quebec raises amount of capital gains subject to tax

Move mirrors announcement from the federal budget tabled Tuesday

Bitcoin cyptocurrency
From the Regulators

OSC hikes fees for crypto firms

Regulator adopts new charges to cover added costs on overseeing crypto sector

Downtown Vancouver, BC with bridge over harbour
Industry News

Underused housing tax to generate $694 million: PBO report

PBO said the costs to administer the UHT could "significantly reduce" revenue generated

Canadian flags in business district

Ottawa to force banks to label carbon rebate in direct deposits

Some banks, but not all, have amended their procedures

  • By: Mia Rabson
  • April 19, 2024 April 19, 2024
  • 10:11
Gavel and Money - Canada stock photo
From the Regulators

CIRO seeks stiffer enforcement sanctions

SRO proposes doubling maximum fines, toughening suspensions

Trader at computer screen
From the Regulators

CSA sets path to market data reforms

Regulators to boost fee transparency, explore enhanced retail access

Entrance to Financial Services Regulatory Authority of Ontario
From the Regulators

FSRA disciplinary disclosure faces legal challenge

Ontario court allows bid for judicial review of enforcement practices

gavel
Industry News

CIFP sues FP Canada for agreement breach, trade libel

Claim asks for $1.2 million in damages arising from dispute over regulator-approved credentials for title protection

TD bank. stock photo
Industry News

TD’s Masrani hopes to tell shareholders more on anti-money laundering probe soon

TD working to fix anti-money laundering program, exec says

Successful mature indian businessman sitting on couch typing on laptop with wireless earphones. Mixed race businessman sitting on couch while working from home during video call. Happy multiethnic business man in casual clothing working on computer.
Industry News

Virtual-only meetings erode shareholder democracy, group warns

Warning follows revised guidance from the CSA on virtual shareholder meetings

Heavy weight
Research and Markets

Household debt climbs higher: StatsCan

Mortgage borrowing accelerates, while other sources of debt growth slow

Court.
From the Regulators

Former fund rep fined, banned for fraud

Retirees duped by fake investment for almost a decade, SRO finds

auction
Research and Markets

New one-month T-bill launches in May

New instrument aims to fill a void created as CDOR is retired

Tech industry warns capital gains proposals could cause ‘irreparable harm’

The federal budget is being met with disdain from Canada's innovation industry

Tech roundup: U.S. software firm releases retirement planning tools

Also, Webull launches desktop platform

Budget extends Canada Child Benefit, sets up autoenrollment for RESPs

Government also allocates $60 million toward free financial advice

  • By: IE Staff
  • April 16, 2024 April 16, 2024
  • 18:57

Industry moves this week

Notable news comes from banking, and a new leader joins Sterling Mutuals

  • By: Katie Keir
  • April 15, 2024 April 15, 2024
  • 13:17

Sam Albanese, industry pioneer, dies at 76

Friends, colleagues remember him as an innovator who was dedicated to his field

Industry moves this week

A mix of retirements and firm expansions, alongside RBC's termination notice

  • By: Katie Keir
  • April 10, 2024 April 9, 2024
  • 07:01

TFSAs, RRSPs and more could see changes in allowed investments

Qualified investments review could lead to lower costs for investors but also restrictions

OSC still overseeing Emerge Canada as receivable remains unpaid

The regulator's investigation into Emerge Canada is ongoing

Private markets becoming more accessible, but due diligence needed

Compared to public markets, private markets have less transparency and offer less liquidity

Improving how shadow banks cope with stress

FSB proposes series of recommendations for addressing liquidity issues

CSA extends crypto firms’ stablecoin deadline

Crypto platforms get until Oct. 31 to meet CSA's interim rules

Real estate Ponzi schemer sanctioned by BCSC

Fraudster raised $1.2 million from investors in illegal distribution

Yellen says Iran’s actions could cause global economic spillovers

Treasury secretary tells meetings of the International Monetary Fund and World Bank of the importance of using economic tools to counter malignant activity

U.K. inflation falls to lowest level since late 2021

Easing prices, including for food, pave the way for a welcome cut in interest rates soon

  • By: Pan Pylas
  • April 17, 2024 April 17, 2024
  • 14:42

Investors flock to foreign bonds: StatsCan

Foreign investors dump Canadian government debt