Some really interesting and exciting news was announced regarding a new federal benefit meant to support working-age Canadians with disabilities; recently, the Canada Disability Benefit Act received royal assent. As we know, financial stability and financial planning...
The Ombudsman for Banking Services and Investments (OBSI) made an important announcement regarding structural and organizational changes following its public consultation on governance. In part, two consumer interest directors are to be added to the board in the hopes...
Today, the Office of the Superintendent of Financial Institutions (OSFI) launched the Climate Risk Forum (CRF) to build awareness and capacity within Canada’s financial sector to respond to climate-related risks. The CRF is a virtual forum used by OSFI to organize its...
With the DSC ban now in effect for segregated funds, firms with insurance advisors selling in Ontario will be interested in reviewing FSRA’s proposed amendment which addresses the removal of DSCs on existing segregated fund contracts. It should be noted that the...
In April 2023, members of the New Self-Regulatory Organization of Canada (New SRO) approved the new name of the organization to Canadian Investment Regulatory Organization (CIRO). This change of name is a significant step forward in the amalgamation of the two,...
