Ottawa backs down on tax-free savings account errors

Ottawa backs down on tax-free savings account errorsFinally, the government has come to its senses about the 70,000 letters sent to Canadians who made over-contributions to tax-free savings accounts or transferred them without the proper paperwork. In a statement issued this afternoon, the two ministers responsible for the new tax shelter said they recognized the confusion that resulted from lack of understanding of the rules. And they’re trying to make amends. If you received a request to…

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Proposed Federal Securities Regulator – Little Help for the Individual Investor

Proposed Federal Securities Regulator - Little Help for the Individual InvestorWorth reading: IndependentInvestor.info‘s Proposed Canadian Securities Act and investor protection: a failing grade. The thoughtful, detailed analysis and judgment of the proposed move by the federal government to create a national securities regulator shows how little improvement there really is likely to be for the individual investor in solving key problems: high fees for mutual funds, costly access to government of Canada securities, lack of fiduciary responsibility by the industry…

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Mergers, Coalitions, and Fear

Mergers, Coalitions, and FearThere has been a lot of talk in the past week or so about the possibility of some kind of political alliance between the LPC and the NDP. Mr. Ignatieff is reported to have said today that while he has no intention of any kind of pre-election deal with the NDP, that a post-election coalition is not something he would rule out. I doubt Mr. Ignatieff liked being put in…

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About this Coalition, Jean Chretien and Liberal Party Destruction

About this Coalition, Jean Chretien and Liberal Party DestructionLiberals are officially spinning themselves into self destruction these days. As a background to all of this, I offer up the Wiki on the last coalition circa 2008. I tried to avoid the blogging of the “Coalition” here on this site. But yesterday I snapped. I had had just about enough of the redirect and juxtaposing on the issue. I’m not certain at what point the Liberal Party members will…

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A national regulator? It’s about time.

A national regulator? It's about time.The government is about to unveil plans surrounding a national securities regulator. Finance Minister Jim Flaherty is expected to unveil a government plan Wednesday to create a single Canadian securities regulator. Currently, each province and territory runs its own regulator… It’s about freakin’ time. I’ve had my mutual funds license since about 1994/95. And let me tell you, it’s a major pain in the ass when you’re dealing with a…

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National Child Care

National Child CareAs you may know, Michael Ignatieff reaffirmed the Liberal support for a national child-care program. This, of course, started a firestorm on both sides of the political spectrum. On The Right I know better than to engage the Right of Twitter (#roft) folks in direct debate, but sometimes I just can’t help myself. @HelpOntario is a Conservative from, wait for it, Ontario, who hasn’t quite reached Troll status. This exchange…

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Canadian Outrage at Fox News Is Growing

Canadian Outrage at Fox News Is GrowingThis is how the US lose wars. This is how the US are making enemies around the world. And this is how Republicans lose elections. Making fun of dead Canadian soldiers doesn’t help. US Republican douchebags are the only people dumb enough in the history of the planet to actually make fun of and humiliate their own allies in a time of war. Ignorance, insensitivity and greed, this is the…

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