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News and tips about income tax in Canada

What the Liberal government promised for Toronto

Despite the Liberals losing 20 seats across Canada in the federal election, the party made a clean sweep of all 25 Toronto ridings. ... Taxes. Trudeau declared a tax cut for the middle class his first priority, promising to raise the basic ... Source

Factor investing strategies becoming more popular for fixed income: survey

Staff | October 22, 2019 The use of factor investing is on the rise among institutional investors, according to a new global survey by Invesco. “Factor investing has shifted from academic theory to an actionable strategy for global investors and the study allows us to understand what issues are key to their investment decisions,” said Mo Haghbin, chief operating officer of Invesco Investment Solutions, in a press release. Globally, 45 per cent of survey respondents said they’ve increased their allocations to factors in the last year. Meanwhile, 65 per cent of North American investors said they intend to increase their use of factors in...

Mint’s new coin honours founder of Manitoba and Metis leader Louis Riel

The Royal Canadian Mint has issued a new coin featuring a portrait of Louis Riel, an important Metis leader and the founder of Manitoba. The coin was launched on the 175th anniversary of Riel’s birth. It is also the first coin to be engraved with Michif, the official language of the Metis Nation. Riel was central to the Red River and North-West resistances to assert Indigenous rights and stop the Canadian encroachment on Metis land. READ MORE: Louis Riel honoured on anniversary of execution, part of Métis Week celebrations He was executed in 1885. The coin features a portrait of...

Canada’s retirement system ranked 9th in the world

Staff | October 22, 2019 Canada’s retirement system jumped one spot to ninth place in Melbourne Mercer’s annual global pension index. Comparing 37 global retirement systems, the report found the Canadian system showed improvement partly due to the growth in assets under the Canada Pension Plan and the Quebec Pension Plan. It also demonstrated a link between the increasing household debt in developed and growth economies, as well as the rise in assets held by their government pension funds. This so-called wealth effect suggests that, as pension assets increase, people within these economies feel wealthier and are subsequently more likely to borrow. “As the wealth of...

New site matches suitable advisors with clients

The first matchmaking site for advisors and clients will launch in January, targeting the next generation of digital native finance professionals. Vexxit was founded by leaders from law and the financial advisory industry, entrepreneurs from both the private and public space, who believe that more people are turning to technology to help them make decisions. They don’t believe professional dilemmas are any different and have zoned in on law, accounting, financial advice and consultancy as areas ripe for a more digital solution to help narrow the search. Similar to a dating site, advisors fill out a profile outlining credentials, specialist...

WealthBar deepens financial-planning commitment with acquisition

WealthBar Financial Services has announced its latest acquisition in a bid to continue its expansion into the advisor side of its business. WealthBar has acquired Snap Projections, a firm that offers intuitive financial planning software to help wealth professionals formulate customized wealth and retirement plans for their business. “Snap gives advisors a powerful way to build engagement with clients by conveying a visual story of what they're working towards,” said WealthBar co-founder and CEO Tea Nicola. “With this partnership we're expanding on the support that we provide to the advisor community as they build their businesses.” According to a press...

Getting to know OPTrust’s new president and CEO Peter Lindley

Yaelle Gang, the Canadian Investment Review | October 21, 2019 It’s been one month since Peter Lindley, the OPSEU Pension Trust’s new president and chief executive officer, started the role. With an engineering degree and a more than 30-year career in finance under his belt, Lindley’s most recent role was president and head of investments at State Street Global Advisors. “When I went to work at State Street I got to work with investors, mostly pension plans, and providing them with investment advice was something I found a lot of personal satisfaction in,” he says. The work led Lindley to eventually move...