The federal budget proposes new rules to ensure that Canadian life insurers are paying the appropriate taxes in Canada and not shifting their income to foreign units
New report calls on firms to file data on sales practices
The penalty was significant as it was the first time FINTRAC has penalized a bank since it was given the authority to issue administrative monetary penalties in December 2008
Sales of individual life insurance policies were considerably higher in Q4 and in 2016, overall, in advance of the new, more restrictive tax rules that kicked in on Jan. 1
William Anderson will replace James Sutfcliffe following the company’s annual general meeting in May
The MGA has been preparing for Simone’s pending retirement by bringing on Larry Goldberg as COO in 2016 and expanding the responsibilities of other executives
Faster and easier underwriting is welcome, but there are concerns less testing could lead to claims being questioned
Advisors who prosper in the future are likely to be those who embrace technology as crucial to their practice rather than trying to avoid the massive digital changes that are sweeping through the advisory industry
Vineet Kochhar, new vice president, individual solutions, individual insurance and wealth, will be taking over for Kazazian, who has been with Sun Life since 1978
New Brunswick-based MGA Estate Financial has more than 200 brokers who serve clients in five provinces