Federal Budget 2016 changes tax rule about corporate class mutual funds

2016 Budget measure: Corporate Class Mutual Funds Canadian mutual funds can be in the legal form of a trust or a corporation. While most funds are structured as mutual fund trusts, many are also structured as mutual fund corporations (otherwise known as corporate class mutual funds). Corporate class funds offer investors different types of asset […]

Ontario Estate Administration Tax (EAT) 2015 changes

The beginning of 2015 saw a dramatic change in how estates in Ontario are administered. The stated goal of the legislative change is to “enhance compliance” – which really means an attempt at collecting more tax. The process of court certification of a will that gives the executor (officially known as an “estate trustee) the […]

They think… I know

In my experience, my business philosophy is different from many financial advisors.  Imagine you are meeting an advisor for an initial interview. The discussion likely centers on what you think you want. You might do a questionnaire that is supposed to assess your willingness to deal with “risk”.  Eventually, the advisor tells you he can […]

Ivy: a brief history

Reprinted with permission from the Mackenzie Ivy Quarterly Report, Q3 2015. Ivy was established at Mackenzie back in 1992 and it is a reflection of Jerry Javasky, co-founder of Ivy and his very cautious and diligent investment style. There have been a number of people over the years (some who have come and gone) that have made […]

What’s new for your 2015 and 2016 tax returns

With every new government it seems must come a bunch of tinkering with the incredibly complex income tax system, as each government rewards some groups and takes more from others.  IN 2016 Canada elected a new Federal Government and they have already announced a batch of changes, with final details to come shortly in a […]

What do you think is happening?

For an audio version of this posting, please just click below to play it. . After four years without a market correction of any consequence, many people have become acclimatized to a stable and rising series of account statements.  As a side note, I believe the regulatory requirement for such frequent statements is in part […]

AGF money manager report March 2012

Rory Flynn, AGF International Advisors Chief Investment Officer since Sept. 2011 and with AGFIA since 1992, spoke to financial advisors by webcast. Funds managed by AGFIA have experienced below average performance over the last four years due to their relatively high investment in European companies and European financial companies in particular.  The companies owned by […]