Regulators are reporting a large number of complaints involving seniors’ accounts. Following a recent meeting on the issue, they are developing new guidance for advisors
Susan, a 72-year-old widow, has concerns about her financial future, given that her pension is going to be reduced by 25% next year. Three financial…
Those clients who think they know more about financial markets than you do can be a source of headaches, says George Hartman, managing partner with…
There have been many recent instances of security breaches and lost sensitive information. Here are some steps you can take to ensure the critical data…
RECENTLY, THE U.K. AND AUStralia essentially banned commissions as a method of compensation for financial advisors. Whether you agree that such a change should or…
A methodical, step-by-step investigation of the many factors involved in retiring from your business can help you to make this difficult decision. There are several…
Canadians who use medicinal marijuana for a whole range of medical-related issues will have to get used to a new set of rules in time…
Fred Ryall, once a promising football player, has built a solid insurance practice that specializes in helping families who have children with special needs. Ryall’s…
A large portion of client complaints stem from suitability issues. Making sure your advice fits your clients' needs is a matter of asking questions and…
Advising companies on employee benefits can provide you with steady revenue and cross-selling opportunities. But entering this market requires a long-term commitment to learn the…
Most advisors have experienced the gap between the risk a client says can be tolerated and what happens when market conditions deliver unpleasant surprises. Thorough…
Estimates on how much it costs to raise a child vary widely. What's important is that you help your clients to prepare for these expenses,…
When clients in their 40s and older decide to get married, their financial planning matters are significantly more important than for their younger counterparts. Issues…
Making a good first impression on the web is more and more important. But many financial advisors seem unaware of the best ways to ensure…
In line with a major initiative by the OECD, Canada is signalling a significant crackdown on "treaty shopping" by global companies. But experts note that…
Income taxes on estates and other testamentary trusts are likely to rise, creating situations that many clients may not have expected. But tax planning opportunities…
The federal government's most recent budget aims to eliminate the tax advantages of 10/8s and leveraged insurance contracts, as well as tax-efficient mutual funds that…
An increasing number of Americans living abroad, including those living in Canada, are choosing to give up their U.S. citizenship in order to escape the…
Several recent court cases suggest that the CRA is becoming much more aggressive and that the judicial system is stepping in to play a bigger…
In this year's pre-budget submissions by members of the financial services industry, much of the focus is on group RRSPs and saving for long-term health-care…
Tax specialists say the effort to encourage new donors will have limited application for most clients. The new "supercredit" applies only to those who have…
Fund unitholders will get more time to wind up special contracts that convert investment income to capital gains
Be sure to make your clients aware of the key tax-saving opportunities available to them. Point out the attractive tax measures that are new this…
Interest on these loans, often used by affluent families to split income, recently doubled, although it remains low compared with most rates. These loans may…
Changes announced in the spring budget mean the tax gap between dividends and wages for small businesses will narrow