When a company goes bankrupt or becomes insolvent, investors left holding the worthless shares can use a little-known election to claim the resulting capital loss on their tax returns. We spoke with Ray Loucks and Bianca M. Tomenson, CFP, RWM.
Advisor.ca
Financial Services
Etobicoke, Ontario 6,662 followers
Practice strategies and tips for Canadian financial advisors
About us
Advisor.ca is the go-to source for news, perspective and in-depth coverage of retail financial advisory issues in Canada. Our editors embed themselves in the industry to provide the best coverage of investments, portfolio management, estate planning and tax, and advice to improve client interactions. Advisors coast to coast come to us first.
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http://www.advisor.ca
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- Industry
- Financial Services
- Company size
- 11-50 employees
- Headquarters
- Etobicoke, Ontario
- Type
- Public Company
- Founded
- 1998
- Specialties
- Financial news, Advisor Practice Management, Publishing, Portfolio management, Tax news, Estate planning, Market strategies, and Financial industry trends
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5353 Dundas St W
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Etobicoke, Ontario M9B 6H8, CA
Updates
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The Bank of Canada says business and consumer sentiment remained subdued during the second quarter of the year even as the country saw its first interest rate cut in years.
Business, consumer sentiment subdued in Q2: BoC survey | Advisor.ca
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Boosting Canada’s growth in the longer term requires a revolution to address productivity, says CIBC chief economist Avery Shenfeld.
Canada needs a productivity revolution | Advisor.ca
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The Supreme Court of Canada | Cour suprême du Canada has decided not to hear a further appeal of a ruling that ordered insurance company ivari to pay out a $1.3-million life insurance policy.
Supreme Court denies appeal of life policy ruling | Advisor.ca
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Catherine Wood, founder and CEO at ARK Investment Management LLC, calls AI the "biggest catalyst" for innovation in sectors like robotics and blockchain. Despite recent volatility, she remains optimistic about AI's transformative potential.
AI is tech sector's 'biggest catalyst' for innovation: Cathie Wood | Advisor.ca
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Canadian asset-backed commercial paper — a segment of the money markets that fell out of favour during the global financial crisis — may re-emerge, says Fitch Ratings.
ABCP poised for comeback: Fitch | Advisor.ca
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Many Canadian investors know too well the risk that comes with putting most of their money into one big company.
Concentration risk? No problem, say ETF issuers | Advisor.ca
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RBC has announced significant changes to its executive team, highlighted by the appointment of Doug Guzman as deputy chair and the division of its personal and commercial banking units into separate segments. The new leadership roles will take effect on September 1, reflecting RBC's commitment to adapting and evolving in response to market demands.
RBC shuffles executive team | Advisor.ca
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The Office of the Taxpayers' Ombudsperson | Bureau de l'ombudsman des contribuables is examining whether the Canada Revenue Agency - Agence du revenu du Canada respected taxpayers’ rights in its administration of bare trust filing requirements for the 2023 tax year.
Taxpayers' Ombud to examine CRA's bare trust administration | Advisor.ca
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A government-commissioned report on aging in place highlights the immense challenge ahead for the country, as well as for financial advisors and their older clients.
Clients are aging. Are their financial plans ready? | Advisor.ca
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