Bill C-32 delays enhanced reporting requirements for trusts, but would implement a new tax credit, the surtax on banks and insurers, and more
Proxy advisory firm opens consultation on changes to 2023 voting policies
Interest and insurance revenue rose, corporate finance revenue dropped, fee revenue remained flat
Wages up 5.6% from last year, a point below inflation; hiring continues in construction, manufacturing, hotels, restaurants
The government will delay implementation of new rules that could affect advisors whose clients use aggressive tax planning
Restaurants, hotels, hospitals add jobs amid four consecutive 75-bps rate hikes
The 12-month holding period would reset after the taxpayer took ownership of property
The update did not provide details on measures set to take effect soon
The Liberals are proposing a 2% tax on corporate stock buybacks
Results reflect impacts of Hurricane Ian, market volatility
Insurance sales in Canada were up 28%
Overall revenue was also down year over year, but North American wealth management revenue was up slightly
The aggressive move comes even as the Bank of England predicted a two-year economic contraction
Short-term rate, at 3.75% to 4%, at 15-year high
ESG getting pushback from politicians in Texas, Florida, West Virginia and others
Positive industry trends were the most prominent factors
Regulatory approval for the platform extends fixed-income trading
The CRA also updated the RRSP dollar limit
The finance minister has warned not to expect more stimulus that would further fuel inflation
American consumers “still have firepower,” while Fed remains under pressure to hike rates
Program expenses dropped to $190B from $154.5B in first five months of 21-22
Economy will ‘stall’ in months ahead: CIBC economist
The ECB raised interest rates again on Thursday, with more expected to come
Many businesses struggling to repay debt accumulated during Covid-19, CFIB says
After recent turmoil, clients may be more willing to consider high-risk events