How Can Advisors Address Canada’s Debt Issue?
The Bank of Canada’s interest rate hike this month and the increase of prime rates by the big banks have made effective debt management even more important for Canadians.
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People in the News
Ottawa-based financial professional Marc Ouellet has this to say about Knowledge Bureau’s Advanced Tax-Efficient Retirement Income Planning course
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Changes to Corporate Income-Splitting Rules Could Hurt Women and Families
Finance Canada’s controversial proposals on the taxation of private corporations, which require comments on the changes by October 2, will potentially affect businesspeople of all income levels, from all walks of life, who serve and employ Canadians in their hometowns across Canada. However, they will also affect families and, in particular, women.
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Students Will Owe $30K by Graduation: Debt Management Critical
Three-quarters (74 per cent) of Canadian post-secondary students believe they will need to supplement their schooling with more training after graduation, despite already spending on average $14,000 each year and expecting to owe $30,000 in debt by the time they complete their current program.
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Bank Letters to Foreign Account Holders NOT a Scam
Advisors, inform your clients that they may receive letters from their financial institutions that they need to respond to, and it’s not a phishing scam.
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