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AIMCo cuts 19 employees, including DEI program lead

Decision comes after Alberta's Finance Minister fired the board of directors and CEO in November

happy senior couple sitting on a bench in the park

Canadian retirement readiness little improved: NIA

Social isolation, financial insecurity, health care barriers plague retirees

Rule change

FSRA consults on new rule for MGAs

Proposal builds on amendments for separate licensing, introduces requirements for life agents

blurred lights on stage, drama theatre show background

CFA Society Toronto announces winners of undergraduate awards

Finance and economics students were recognized for their academic, professional and extracurricular achievements

Industry moves this week

A mix of executive and advisor moves were announced

Life in time of COVID-19: Mature woman working on computer from home at the stand up desk. She has long grey hair and dressed in casual black outfit. Interior of living room set up with home office station, next to window.

Form T2200 has 2 changes for 2024 tax-filing season

Updates related to home office expenses aim for simplicity

donation

In-kind securities not part of extended deadline for charitable donations

Finance releases draft legislation, adds to tax-filing uncertainty

Merger puzzle pieces

OneDigital makes first foray into Canada with PWL buy

The U.S. firm says it has 'long-term' plans here

Canada U.S.

Symbolic, not blanket retaliation appropriate in face of U.S. tariffs

2.4 million Canadian jobs exposed to potential U.S. tariffs

Falling inflation

Immigration caps will decrease real GDP: PBO

GDP per capita will rise as population remains steady over the next three years

Apartment building

Tax reminder: Clients with short-term rental income must comply with rules or lose deductions

Non-compliance results in denial of expense deductions, raising taxable income

Industry groups come out strongly against Ottawa’s proposed tax changes

Lack of transparency, accountability contributed to deficit: PBO

Auditor General took record-long 253 days to sign public accounts

financial statement

Help clients 65 and older make the most of their tax returns

Here's a cheat sheet of helpful credits, benefits, deductions and expenses

  • By: IE Staff
  • January 21, 2025 January 22, 2025
  • 16:16
happy senior couple sitting on a bench in the park

Rising costs, debt obstacles to retirement savings: IG

Working Canadians save an average 12% of income for retirement, survey finds

Scotiabank

Scotiabank leaves net-zero climate alliance, joining other major banks

RBC is still listed as a member of the alliance

Piggybank with gold coins being deposited

TFSA account values hit all-time high in 2024: BMO

Canadians see value in seeking financial advice, survey finds

World map

Four of Canada’s biggest banks leave climate alliance

Departures from the Net Zero Banking Alliance follow those of the six largest banks in the U.S.

Boardroom discussion

Industry moves this week

TD speeds up CEO exit, announces board changes, plus moves at Optimist and Franklin Templeton

dividend concept

Taxpayers forced to bet on capital gains inclusion rate

Gambling on potential legislative outcomes undermines confidence in tax system, lawyers say

Computer tapping

Tech roundup: Financial planning software account for legislative uncertainty

Plus, other fintech platform news

Bank Of Montreal Branch stock photo

BMO becomes first Canadian bank to withdraw from banking climate alliance

As of Friday, the other Big Six banks were still listed as members

TD bank. stock photo

TD Bank moves up incoming CEO’s start date, cuts bonuses for 41 execs

The bank says it cut the bonuses to reflect the seriousness of its anti-money laundering failures

swing axe

Conservatives would axe proposed capital gains tax changes: Poilievre

Policy uncertainty takes toll on taxpayers

FTX Arena in Miami, FL, USA. stock photo

OTPP board faces class action from own members over FTX investments

Pension fund lost US$95 million in crypto exchange collapse

father and son conversation

Deadline nears to repay 2024 interest on prescribed-rate loans

Why clients must avoid late payment, consider current loan structure