Party also pledges to crack down on corporate tax loopholes
How the CRA will apply the new rules remains unclear
CIBC tax experts Jamie Golombek and Debbie Pearl-Weinberg highlight some major actions that certain clients could consider taking in the near term
STEP Canada, Advocis, CALU, CLHIA and others suggest the proposals are problematic and could have harmful consequences
There’s much speculation as to what the feds may do with some tax-planning strategies involving the use of private corporations — and how it may impact certain clients
Although only the CSA has the jurisdiction to change the regulatory landscape in Canada, the white paper raises some very important questions for regulators, said Mark Gordon
Submission to the SRO’s white paper suggests that removing the 270-day rule would “begin to unravel the current SRO system”
However, Canada’s securities dealers are firmly in favour of IIROC proposal to allow them to hire mutual fund-only reps
Industry requests more to time to consider implications of allowing dealers to employ mutual fund reps, and allowing investment reps to set up personal corporations
Most independent mutual fund dealers don’t expect to survive if investment dealers are permitted to field their own teams of mutual fund representatives. That’s according to the recently released results of a Mutual Fund Dealers Association of Canada (MFDA) consultation carried out with mutual fund dealers on the possible impact of the Investment Industry Regulatory […]