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CI Financial reports $63.5M loss in Q4

Firm announces bid to repurchase up to $85 million of its shares

Downtown office buildings Toronto

Indigenous firms, First Nation to create investment dealer with Scotiabank

Over time, the bank intends to reduce its controlling stake

B.C. legislature

B.C. to introduce home flipping tax

Province's election budget boosts family benefits as deficit soars to $7.9B

Saskatchewan legislative assembly

Saskatchewan to spend extra $750M this fiscal year

Opposition calls for transparency

CRA signage

CRA announces prescribed rate for Q2

Agency confirms the interest rate Canadians must pay on overdue tax will remain 10%

work from home

$5.2 billion in home office expenses claimed last tax season

CRA has indicated that employees who worked from home in 2023 by choice can claim employment expenses 

Blue infographics documents with 3D graphs and charts of glass

iA Financial Group reports net income of $248 million for Q4 2023

Earnings per share were $2.46, up from $1.71 a year earlier

Woman at business meeting

Product roundup: Mackenzie launches halal mutual fund

Also, Lester Asset Management launches Canada's first biodiversity fund

WCM’s Return to Bay Street program results in 18 hires in 2023

Hirees to work at eight different financial institutions

  • By: IE Staff
  • February 20, 2024 February 20, 2024
  • 11:03
business woman

Must an employer provide a Form T2200?

Employees need the form to claim home-office expenses this tax filing season

Binder with papers

CPP Investments earned 3.4% in latest quarter

Net assets grew to $590.8 billion

change direction

Industry moves this week

Two people departed from Scotiabank, including veteran executive Jake Lawrence

  • By: Katie Keir
  • February 15, 2024 February 15, 2024
  • 14:29
Manulife head office building in Toronto, Canada. Manulife is a Canadian multinational insurance company.

Manulife Financial reports $1.66B in net income in Q4

In Canada, assets under management were up 3% in 2023

Executives are discussing the financial results of the Company for the marketing plan.

Great-West Lifeco sees Q4 earnings rise to $740M

Net earnings were down for the company's Canada segment

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Quebec’s top leaders announced for 2023

Guy Cormier and others were honoured by Finance et Investissement

  • By: IE Staff
  • February 14, 2024 February 14, 2024
  • 11:24
Personnel

Power Corp. hires veteran Scotiabank executive Jake Lawrence

Former head of Scotiabank's wholesale banking and capital markets business replaces Gregory Tretiak at Power Corp. as of March 18

gavel

SeeWhy Learning sues Advocis over non-payment of study materials

The national financial advisors association alleges it was overcharged

AMF outlines best practices for responsible AI use

Consumer protection and individual responsibility a core focus of the recommendations

Downtown Vancouver, BC with bridge over harbour

Denying tax deductions for illegal short-term rentals could raise $170M: PBO

One in 10 Airbnbs in Montreal, Toronto and Vancouver are unlicensed, report found

Pension saving

Firms expect fewer Canadians will contribute to RRSPs this year

Canadians are more concerned with meeting current needs than saving for the future, according to industry surveys

CPA Canada cuts 20% of workforce ahead of split with Ontario and Quebec

The organization had about 400 employees across the country before the cuts

Totem pole with Mountains BC

4 in 10 Canadian asset managers plan to launch impact products: Millani

Respondents concerned about greenwashing, biodiversity and green investment classification in Canada

Computer with 2024

Insurance advisors need ample coaching and tools

MGAs and carriers are revamping their support programs in response

  • By: Katie Keir
  • February 12, 2024 February 9, 2024
  • 00:10
Handshake of businessmen - success, congratulation, greeting & business partner concepts

Globalive’s Lacavera says deal in place to acquire Wealth One Bank of Canada

Wind Mobile founder sees acquisition as opportunity to provide more choice in banking services

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

Pollock sues Advocis for wrongful termination

Longtime president and CEO alleges he was let go without notice