Fraud in mortgage, credit card, auto sectors rises amid interest rate hikes
If high rates persist, fraudulent activity could accelerate
- By: The Canadian Press
- September 21, 2023 September 21, 2023
- 14:16
Latest news in Industry News
Alberta deserves more than half CPP assets if it exits program: report
Province would be entitled to 53% of the national pension plan's pool by 2027
- By: The Canadian Press
- September 21, 2023 September 21, 2023
- 13:57
Small venture capital player becomes symbol in fight over corporate diversity policies
Fearless Fund co-founder says it will take trillions of dollars to close the racial and gender gap in venture capital funding
- By: Alexandra Olson
- September 20, 2023 September 20, 2023
- 13:48
Canadians report financial security concerns as inflation hammers savings
RBC 2023 Financial Flexibility Poll finds that 77% of survey respondents say they would like to save more but can't
- By: IE Staff
- September 20, 2023 September 20, 2023
- 11:48
FSRA publishes final fee rule for its sectors
The rule includes the regulator's fee calculations for credentialing bodies
- By: IE Staff
- September 19, 2023 September 19, 2023
- 16:29
BMO to shutter retail auto finance business as bad debt mounts
The bank's provisions for credit losses in its retail line rose 800% to $81 million last quarter
- By: The Canadian Press
- September 18, 2023 September 18, 2023
- 11:28
Lawyers temporarily exempted from CRA’s mandatory disclosure requirements
The Federation of Law Societies of Canada argued that the new regime violates the Charter of Rights and Freedoms
- By: Michael McKiernan
- September 15, 2023 September 15, 2023
- 12:41
Ottawa to remove GST on new rental housing, extends CEBA loan deadline
The federal government also is calling on grocers to stabilize prices
- By: Dylan Robertson, The Canadian Press
- September 15, 2023 September 15, 2023
- 08:45
Yellen details tighter scrutiny of investment plans of foreign owned companies operating in the U.S.
Treasury secretary says Committee on Foreign Investment is adapting to a changing global economy
- By: Fatima Hussein, The Associated Press
- September 14, 2023 September 14, 2023
- 14:54
Major life insurers taking steps, but falling short on climate action: report
Sun Life Financial Inc. and Manulife Financial Corp. are Canada's first and fourth-largest fossil fuel investors
- By: Ian Bickis, The Canadian Press
- September 14, 2023 September 14, 2023
- 13:39
Edward Jones tries out teams
The brokerage hopes to boost more than the bottom line by introducing multi-advisor offices
- By: Katie Keir
- September 14, 2023 September 14, 2023
- 12:54
Laurentian Bank shares fall as it concludes review without deal to sell
Montreal-based bank said it will stick with its current business plan, with an increased focus on efficiency
- By: The Canadian Press
- September 14, 2023 April 4, 2024
- 10:56
AIMCo opens first Asia office in Singapore, remains leery of China
CEO Evan Siddall says the fund manager is under-represented in Asia
- By: Amanda Stephenson, Canadian Press
- September 12, 2023 September 12, 2023
- 14:41
Does the underused housing tax apply to 24 Sussex Drive?
The Canada Revenue Agency's extended deadline to file a UHT return and pay any tax is approaching
- By: Rudy Mezzetta
- September 12, 2023 September 12, 2023
- 10:00
Updated tax-avoidance proposals include new penalty
Tax lawyers express concerns about overreach as Ottawa proposes to revamp the general anti-avoidance rule
- By: Michael McKiernan
- September 12, 2023 September 11, 2023
- 06:00
CRA offers minor relief on reportable transactions
The 90-day deadline for the first mandatory disclosures under the new law is Sept. 20
- By: Michael McKiernan
- September 11, 2023 September 11, 2023
- 10:31
New alternative minimum tax regime to raise $2.6B: PBO
Canadians making above $300,000 to contribute 98% of total AMT
- By: Rudy Mezzetta
- September 8, 2023 April 10, 2025
- 16:08
IRS plans crackdown on 1,600 millionaires to collect back taxes
Artificial intelligence is playing a big role in identifying wealthy tax dodgers
- By: Fatima Hussein, The Associated Press
- September 8, 2023 September 8, 2023
- 12:02
Don’t jump hastily into Canada’s cross-border advice market
More wealth firms have entered the U.S.-Canada cross-border space in recent years. But are they ready?
- By: Katie Keir
- September 7, 2023 September 7, 2023
- 18:31
Poland bank governor says large interest rate cut justified by falling inflation
The central bank cut its reference rate from 6.75% to 6%
- By: Vanessa Gera, The Associated Press
- September 7, 2023 September 7, 2023
- 16:12
Bank of Canada may need to raise rates again, despite this week’s hold: Macklem
In a speech on Thursday, BoC governor said reining in inflation is the best way the central bank can support the economy
- By: Nojoud Al Mallees, Canadian Press
- September 7, 2023 September 7, 2023
- 15:59
FSRA revokes licence of life agent who sold repeat policies
Alleged misconduct included untrustworthiness, fraud and deception
- By: IE Staff
- September 7, 2023 September 7, 2023
- 15:53
Former FTX crypto executive pleads guilty to making millions in illegal U.S. campaign contributions
Exec is the fourth high-ranking official at the company or its affiliates to plead guilty to criminal charges
- By: Jake Offenhartz, The Associated Press
- September 7, 2023 September 7, 2023
- 15:33
Help clients find lost bank accounts and insurance policies
Although there are tools to help, financial advisors still say it’s best to maintain updated information
- By: Jonathan Got
- September 1, 2023 September 27, 2023
- 15:00
120 CRA employees fired for claiming Covid benefits while employed
The CRA said in July that it had let 20 employees go as a result of its CERB investigation
- By: The Canadian Press
- September 1, 2023 September 1, 2023
- 12:15