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 […]
IIROC proposals would allow firms to expand sales forces
White paper opens the door to SRO merger and raises complex issues that will require a thorough policy debate, some say
SRO white paper recommends securities dealers be allowed to hire reps limited to selling mutual funds and ETFs
The new federal government wants to ensure some professional corporations are not used to reduce personal income tax obligations for high-income earners
The appeal for advisors is a lower tax rate on revenue
Proposed changes intended to modernize and streamline province’s securities legislation
Establishing a personal corporation would allow advisors to receive preferential tax rates
Ministers committed to moving forward on advisor incorporation