Integrating the SROs' compliance and enforcement functions is a top priority alongside policy work
Commission structures, account transfer standards and dual registration are all in the works
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