How to go about securing the best return for your investment in Canada.
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For markets, hot wars and currency cold wars + MORE Apr 17th
Haven assets move on geopolitics as U.S. dollar shifts on Trump comments
.... More »
Who pays tax on cash gifts in Canada? Mar 19th
Ask MoneySense
Is there a tax on cash gifts to children in Ontario?
—Virginia
Tax on gifts and loans to children in Canada
When you give cash to a child, Virginia, there are generally no tax implications for the recipient. They do not have to worry about paying tax on it, no matter where.... More »
Don’t let bad habits undermine your portfolio + MORE Jul 10th
At the mid-year mark, the Canadian large cap benchmark TSX is essentially flat year to date. Given Canadians knack for keeping their investments close to home I wouldn’t be surprised if many domestic investors returns are just as flat.
That’s a problem. The best pension plans in the country wou.... More »
How the coronavirus pandemic could change the way we think about retirement in Canada Apr 29th
Over the past few decades, the concept of retirement has grown increasingly more sophisticated. Canadians preparing for retirement have been able to contemplate a variety of highly personalized approaches—from early (or even very early) retirement; to active, phased, or working retirement; and mor.... More »
Is VFV a good buy? What about other U.S. ETFs with even lower fees? Sep 4th
With an average management expense ratio (MER) of 0.09% and collective assets under management (AUM) approaching $40 billion, exchange-traded funds like the Vanguard S&P 500 Index ETF (VFV), the BMO S&P 500 Index ETF (ZSP) and the iShares Core S&P 500 Index ETF (XUS) are some of the most.... More »
Manulife: Banking unit was penalized by Fintrac
– moneysense.ca
TORONTO — Manulife Financial Corp. confirmed Monday its banking unit was penalized last year after Canada’s money-laundering watchdog concluded it failed to report a suspicious transaction and various money transfers.
Last year, Fintrac fined the bank $1.15 million, but it withheld the bank’s identity, saying it was exercising its discretion to do so.
Manulife Financial issued a statement Monday saying Manulife Bank was fined for “administrative lapses.”
“Although we operate at the highest ethical standard, we are capable of administrative errors. They were remedied in the first half of 2014,” the company said.
“There is no evidence to suggest that the administrative reporting violations were connected to any financial misconduct.”
The statement came after the CBC, citing anonymous sources, identified Manulife Bank as the financial institution fined by Fintrac last year.
Experts speculated Fintrac’s decision to not name Manulife Bank could have come from an agreement whereby Manulife agreed not to pursue an appeal and pay the $1,154,670 fine in exchange for anonymity…
Last year, Fintrac fined the bank $1.15 million, but it withheld the bank’s identity, saying it was exercising its discretion to do so.
Manulife Financial issued a statement Monday saying Manulife Bank was fined for “administrative lapses.”
“Although we operate at the highest ethical standard, we are capable of administrative errors. They were remedied in the first half of 2014,” the company said.
“There is no evidence to suggest that the administrative reporting violations were connected to any financial misconduct.”
The statement came after the CBC, citing anonymous sources, identified Manulife Bank as the financial institution fined by Fintrac last year.
Experts speculated Fintrac’s decision to not name Manulife Bank could have come from an agreement whereby Manulife agreed not to pursue an appeal and pay the $1,154,670 fine in exchange for anonymity…
Manulife says its banking unit was penalized by Fintrac for ‘administrative lapses’
– canadianbusiness.com
Manulife Financial Corp. confirmed Monday its banking unit was penalized last year after Canada’s money-laundering watchdog concluded it failed to report a suspicious transaction and various money transfers.
Last year, Fintrac fined the bank $1.15 million, but it withheld the bank’s identity, saying it was exercising its discretion to do so.
Manulife Financial issued a statement Monday saying Manulife Bank was fined for “administrative lapses.”
“Although we operate at the highest ethical standard, we are capable of administrative errors. They were remedied in the first half of 2014,” the company said.
“There is no evidence to suggest that the administrative reporting violations were connected to any financial misconduct.”
The statement came after the CBC, citing anonymous sources, identified Manulife Bank as the financial institution fined by Fintrac last year.
Experts speculated Fintrac’s decision to not name Manulife Bank could have come from an agreement whereby Manulife agreed not to pursue an appeal and pay the $1,154,670 fine in exchange for anonymity…
Last year, Fintrac fined the bank $1.15 million, but it withheld the bank’s identity, saying it was exercising its discretion to do so.
Manulife Financial issued a statement Monday saying Manulife Bank was fined for “administrative lapses.”
“Although we operate at the highest ethical standard, we are capable of administrative errors. They were remedied in the first half of 2014,” the company said.
“There is no evidence to suggest that the administrative reporting violations were connected to any financial misconduct.”
The statement came after the CBC, citing anonymous sources, identified Manulife Bank as the financial institution fined by Fintrac last year.
Experts speculated Fintrac’s decision to not name Manulife Bank could have come from an agreement whereby Manulife agreed not to pursue an appeal and pay the $1,154,670 fine in exchange for anonymity…
The head of Canada’s financial crime watchdog agency is second-guessing his decision last year to withhold the name of a bank — which CBC News has identified as Manulife Bank — fined $1.15 million for not reporting hundreds of transactions it was obligated to report under the federal anti-money laundering and terrorist financing act.
Oscar envelope flub could hurt PwC's brand reputation for accuracy – The Globe and Mail
– news.google.ca
NewsweekOscar envelope flub could hurt PwC's brand reputation for accuracyThe Globe and MailWhen billions of dollars worth of financial auditing and legal-advisory services flow through your offices each year, it's important to reassure clients that your firm is diligent, detail-oriented and cautious. So when a representative from …PwC's hard-won reputation under threat after Oscars mistakeCTV NewsChaos at the Oscars: 'This is not a joke'Waterloo RecordThe Award For Grace Goes To 'La La Land' Producer Jordan HorowitzHuffington Post CanadaToronto Sun -Toronto Star -Los Angeles Times -Hamilton Spectatorall 2,309 news articles »
Guy Caron enters NDP leadership race
– macleans.ca
NDP MP Guy Caron stands with his son Dominic, 8, daughter Edith, 5, and wife Valerie Stansfield as he announces that he will run for the leadership of the New Democratic Party, on Monday, Feb. 27, 2017 in Gatineau, Que. THE CANADIAN PRESS/Justin TangGATINEAU, Que. – The ho-hum New Democrat leadership race got a little more competitive Monday as Quebec MP Guy Caron became the third candidate to officially declare that he wants to be the one to succeed Tom Mulcair.
The competition, which got off to a slow start in part because of an extended goodbye from Mulcair, has been slowly gaining momentum in recent weeks, with B.C. MP Peter Julian and northern Ontario MP Charlie Angus entering the fray.
Caron, a former economist who hopes to position himself as a would-be leader with financial acumen, announced his plans alongside his wife and two children at a news conference at a log cabin in Gatineau, Que.
Caron said the location holds a special place in his heart: it’s where late New Democrat leader Jack Layton held a campaign event in 2011 – the same year Caron became one of 59 MPs from Quebec elected as part of the NDP’s so-called “Orange Wave…
