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IRS announces filing extension for 2020 tax return

U.S. taxpayers will have until May 17 to file and pay taxes owing

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CRA announces prescribed interest rates for Q2

The prescribed rate on loans to family members remains set at 1%

  • By: IE Staff
  • March 19, 2021 March 19, 2021
  • 12:39

Court allows $100-million lawsuit against OSC to proceed

The ruling overturns a Superior Court finding from last April

Canadian Parliament Building at Dusk

Extended job relief to cost Ottawa an extra $5 billion: PBO

The government announced last month it would add 12 weeks of eligibility to the Canada Recovery Benefit

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Earnings down for Fiera in Q4

The firm’s AUM increased by more than $10 billion year over year

  • By: IE Staff
  • March 18, 2021 March 18, 2021
  • 11:14
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Federal Reserve foresees keeping key rate near zero through 2023

The U.S. central bank also upgraded its growth and inflation forecasts

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Teachers, AIMCo sell U.S. proxy advisory firm

The pensions have sold Glass Lewis to a private equity firm and entrepreneur

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OSFI unwinds emergency pandemic relief measures

Temporary relief due to extreme volatility is no longer needed

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CFA Institute launches ESG credential globally

New certificate focuses on incorporating ESG into investment analysis

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CI acquires Atlanta-based RIA Brightworth

Firm manages US$4.7 billion for HNW clients

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RF Capital dismisses Canaccord’s $367-million takeover offer

The proposal isn't in the best interests of the company's shareholders, advisors and clients, the firm said

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Canada Revenue Agency locks 800,000 accounts

The tax agency has cited possible email phishing schemes

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Wealthsimple’s peer-to-peer app goes national

The beta version of the product launched in November 2020

  • By: IE Staff
  • March 12, 2021 March 15, 2021
  • 12:56
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New Desjardins ETF focuses on carbon reduction

The fund invests in large- and mid-cap companies in emerging markets

  • By: IE Staff
  • March 12, 2021 March 12, 2021
  • 11:23
Virtual Wallet Smartphone Bitcoins On Printed Circuit Board concept

CSA releases guidance on crypto disclosure

The guidance reflects regulators' observations from reviewing annual reports

Courts could save invalid wills if Ontario bill passes

Most Canadian provinces already grant this power to the courts, but some estate experts argue changing the law could lead to unintended consequences

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CI acquires Barrett Asset Management

New York-based RIA manages more than US$2.5 billion

  • By: IE Staff
  • March 11, 2021 March 11, 2021
  • 12:15
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Universal life policies can’t be used for unlimited deposits, appeal court rules

Hedge funds argued they should be able to make unlimited deposits for a guaranteed return

Bank of Nova Scotia, Toronto, On

Scotiabank CEO earned $12.2M in 2020

Brian Porter's variable compensation was adjusted to reflect pandemic impacts

  • By: IE Staff
  • March 10, 2021 March 10, 2021
  • 13:32
10380127 - building silhouettes of a city and flag

BoC keeps key interest rate target on hold at 0.25%

The central bank warned of economic uncertainty

A silhouetted businessman stands on top of a mountain peak and looks into the distance with a spyglass in front of a dramatic sunset in the distance

RBC CEO sees inflationary pressure building as economy bounces back

David McKay predicts central banks will hike rates sometime next year

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IHS Markit to launch global online ledger for carbon credits

The firm is using blockchain to create a "meta" registry for the world's carbon markets

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BMO’s adviceDirect launches premium service

New advice channel caters to high net-worth clients

  • By: IE Staff
  • March 9, 2021 March 9, 2021
  • 11:25
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Fiera Capital adds global equities team

The asset manager has acquired AMP Capital’s global companies business

  • By: IE Staff
  • March 9, 2021 March 9, 2021
  • 11:23
Indianapolis - Circa June 2017: Signage and Logo of BMO Harris Bank. BMO Harris is one of the Largest Banks in the Midwest V

BMO’s Darryl White earned $11.1 million in 2020

The CEO's direct compensation declined slightly after missing his variable pay target