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CRA exempts bare trusts from reporting requirements for 2023

Filing is required only if directly requested by the Canada Revenue Agency

Apartment building

Cautious optimism for federal plan to let rent count toward credit scores

Canadian Bankers Association said it will assess the new policy when revealed

announcement

New advocacy org for investment dealers launches

CEO is former managing director of IIAC

  • By: IE Staff
  • March 28, 2024 March 28, 2024
  • 12:47
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Firms face flood of requests for home office expense forms 

Some firms concerned CRA’s employee expense policy could thwart return-to-office initiatives, EY Canada tax expert says 

The legislature in Ontario

Ontario expands vacant home, foreign speculation tax regimes

Province will encourage municipalities to set higher VHT rate for foreign-owned homes

Business partnership meeting. Picture businessmans handshake. Successful businessmen handshaking after good deal. Horizontal, blurred (Business partnership meeting. Picture businessmans handshake. Successful businessmen handshaking after good deal. Ho

Fairstone Bank, Home Trust to merge

Combined company will have more than two million customers with more than 250 branches

Quebec flag billowing in the breeze

Defer your pension to age 72? Quebecers now have the option

Quebec retirees can receive up to 59% more in QPP under recent changes

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FSRA approves another credential for FP title use

Regulator has now accepted six credentials for "financial planner"

  • By: IE Staff
  • March 22, 2024 March 22, 2024
  • 15:06
Judge gavel, scales of justice and law books in court

Julie Martini sues Advocis for constructive and wrongful dismissal

The claim is the third against the national financial advisors association in recent months

Canadian Parliament Building at Dusk

We know we need tax reform, but can’t agree how to do it

Tax reform could mean easier access to benefits, provide a boost to productivity

Canadian flags in business district

Competition Bureau recommends open banking to bolster competition

Bureau also suggested allowing uninsured mortgage borrowers to switch banks without undergoing a stress test

A silhouetted businessman stands on top of a mountain peak and looks into the distance with a spyglass in front of a dramatic sunset in the distance

BoC expects quantitative tightening to end in 2025, deputy governor says

Deputy governor Toni Gravelle gave a speech Thursday on the central bank's balance sheet plans

Downtown Toronto Financial District Skyscrapers stock photo

RBC to convert HSBC locations once takeover closes

Branches and offices being converted into RBC locations will reopen on April 1

Low angle view of Skyscrapers in downtown Toronto during the day

BMO to begin racial equity audit this year

And all Big Six banks that pledged to increase the number of Black board members have done so

Finance and Treasury Board Minister Ernie Steeves tabled today the 2023-24 budget

New Brunswick tables pre-election budget

Budget contains no tax cuts and has $41M surplus

Mortgage signing

Is holding a mortgage in an RRSP a good idea?

Tax rules allow homeowners to hold their mortgage in a registered plan if certain conditions are met

home financing

National home sales in February up nearly 20% compared with year ago

Buyers are showing more optimism than last year

Downtown Toronto Financial District Skyscrapers stock photo

Raymond James foresees hitting $100B in a few years

The firm also hopes to reach 25% women advisors by 2025

Using phone for finances

Tech roundup: Webull app offers interest on uninvested cash

Also, Koyfin data platform now includes Canadian mutual funds

Downtown office buildings Toronto

How much Big Six wealth management execs made in 2023

Total compensation ranged from $6.30 million to $7.56 million

Frontenac Castle and Dufferin Terrace - Quebec City

Quebec proposes to boost QPP benefit for disabled seniors

Under the proposal, 77,000 people would see their pension increase starting next year, government says

Apartment building

Renters have harder time accumulating wealth: RBC economist

Homeowners' net worth has reached greater levels in comparison

A gavel rests on its sounding block with a several law books and a justice scale out of fucus in the background. A cool blue cast dominates the scene. (A gavel rests on its sounding block with a several law books and a justice scale out of fucus in t

Lawsuit filed against SEC for scaled-back climate rules

Environmental organizations say U.S. regulator succumbed to industry pressure

  • By: IE Staff
  • March 14, 2024 March 14, 2024
  • 14:14
Close up of businesswoman using calculator while going through financial bills.

Tax changes for the 2023 filing season

Here's a handy roundup, from home office expenses to house flipping