Monthly Archives: April 2015

IIAC Applauds Measures to Strengthen Retirement Savings Programs

IIAC Applauds Measures to Strengthen Retirement Savings Programs

Disciplined reforms combined with balanced budget will boost investment and growth 

On behalf of the Investment Industry Association of Canada (IIAC)’s 147 investment dealer member firms, Ian Russell, IIAC President and CEO, strongly endorses measures announced in today’s federal budget to strengthen Canada’s retirement savings programs, including an increase in the annual limit for contributions to Tax-Free Savings Accounts (TFSAs) and a significant reduction in the Registered Retirement Income Funds (RRIFs) minimum annual withdrawal amounts. “These combined changes represent the most cost-effective approach to strengthening the retirement savings process for all Canadians,” Russell says.  

“The government’s move to … Continue reading

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Regulatory Map of Canada

Regulatory Map of Canada

Regulation of Canada’s investment industry is, well, confusing – to put it mildly.  CIFP has created an easy-to-use, interactive map aimed at simplifying the layers (and layers) of regulatory oversight in this country.  All users have to do is click on a province or territory, and a drop-down menu appears with a hyperlinked list of regulators in each region.  There’s also an option to click on the Canadian flag for a list of the oversight bodies at the national level.

Although this is straightforward, navigating the map is yet another reminder of why Canada needs a cooperative … Continue reading

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