IGM Financial assets up in Q2 amid outflows
Capital gains changes heightened fund sales and redemptions in June, firm said
- By: IE Staff
- August 9, 2024 August 9, 2024
- 14:54
Capital gains changes heightened fund sales and redemptions in June, firm said
Firm’s global wealth management operations set quarterly revenue record
Wickham Investment Counsel Inc. adds just over $200 million to the firm's assets
Wealth management firms based in Florida and North Carolina serve ultra-high-net-worth clients
Better market performance was offset by sizable loss on sale of debt instruments
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Exchange aims to boost corporate services with deal
Earnings roughly doubled from last year, aided by interest rates and lower expenses
The loan is repayable with interest
The Parliamentary Budget Officer estimates $17.4 billion in tax revenues arising from the increased capital gains inclusion rate
Association has made no provision for $2.6 million in ongoing legal claims
Prescribed rate for fourth quarter to match third-quarter rate
Measure to be in place for 2026 renewals
Clients with significant capital gains in 2024 face uncertain tax exposure
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Joint tax committee will ask Finance to change the existing legislation
Federal government passed new rules and incentives for EOTs in June
Agency received more than 52,000 bare trust returns for 2023, despite issuing last-minute filing exemption
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Trusts must disclose pre- and post-June 25 gains or face negative tax consequences
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The benefit could delay or prevent premature transfers to a long-term care setting, panel says