Tax group asks feds to allow deemed sales ahead of capital gains change
Taxpayers have been given too little time to plan next steps, CBA-CPA joint committee says
- By: Rudy Mezzetta
- May 6, 2024 May 6, 2024
- 14:44
Taxpayers have been given too little time to plan next steps, CBA-CPA joint committee says
Secret shopper exercise highlights the need to align client goals with appropriate investments
New issue activity on track to meet US$950 billion full-year forecast
Weaker food prices help offset rising energy inflation
The event also raised new questions about the company's succession plan
The regulator also wants to toughen enforcement and see better advice given at banks
Proposed appointment still needs to be confirmed by legislative committee
Incorporated professionals must consider deferral, dividends and deductions
Total inflows for Canadian ETFs has hit $19 billion for the year to date
It's the largest year-over-year increase in business insolvencies in 37 years, association says
Bank says it's working to strengthen its anti-money laundering program
Bond funds drove the positive net flow activity as assets hit record high
Firm allegedly recycled audit papers, routinely failed to meet standards
Meanwhile, the U.S. stock market held relatively steady near its records
Paper calls for guardrails against negative side effects of digital innovation
Asset performance to weaken as growth slows and inflation, rates face pressure
Shell companies, crypto exchange processed US$470 million in drug money
In series of legal filings, regulator claims exclusive jurisdiction
Project designed to avoid creating needless burden with new regime
The Fed left its benchmark interest rate unchanged for 3rd straight meeting on Wednesday
U.S. subsidiary of CI Financial seeks to plug "gap" in Canadian ultra-high-net-worth market
Meanwhile, Canadian direct investment abroad rose 2.8% to $2.4 trillion
Powell has signalled he could stay on Fed board after term as chair ends May 15
Seasoned ETF exec will help asset manager build "an entire footprint" in the country
Plus, another BMO alum joins software firm, new faces at Manulife and Optimize Wealth, and more
Plus, a new gold bullion mutual fund and a slew of product lineup changes
Clarity for clients makes it easier to shop across carriers
At the same time, both fund types recorded positive net sales