• Business Accounting

    Not again: Avoid chaos when new tax regulations kick in

    Calling it a deluge would be an understatement. When Congress passed the Tax Cuts and Jobs Act of 2017, clients inundated their accounting firms with queries, wanting to know precisely how the tax law changes would affect their businesses and, most importantly, what they should be doing about it. I know of national tax offices that received more than 500 inquiries a day from field offices seeking clarity on how specific tax provisions would impact their clients. In response, internal firm specialists pumped out wholesale guidance with abstruse and intricate technical details. Often, these technical details served to trigger more  

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  • Insurance

    Streetwise newsletter: Life insurance industry opposes Ontario’s new regulations of financial adviser, planner titles

    Life insurance industry opposes Ontario’s new regulations of financial adviser, planner titles: Canada’s life insurance industry is opposing a proposal by the Ontario government that would prevent people licensed to sell insurance from using the title “financial adviser” or “financial planner.” (Clare O’Hara) Cogeco Communications to acquire Quebec cable company DERYtelecom: Cogeco Communications Inc. has struck a deal to acquire Quebec-based cable company DERYtelecom for $405-million. DERYtelecom is the third-largest cable provider in Quebec, offering internet, television and telephone services to about 100,000 customers in more than 200 municipalities across the province. (Alexandra Posadzki) Investors sharply cut value of holdings  

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  • Insurance

    Life insurance industry opposes Ontario’s new regulations of financial adviser, planner titles

    In a pre-budget submission to Ontario Finance Minister Rod Phillips, seen here at Queen’s Park in Toronto on April 9, 2020, the Canadian Life and Health Insurance Association is asking the province to re-examine the list of approved industry designations. Frank Gunn/The Canadian Press Canada’s life insurance industry is opposing a proposal by the Ontario government that would prevent people licensed to sell insurance from using the title “financial adviser” or “financial planner.” In a pre-budget submission to Ontario Finance Minister Rod Phillips, the Canadian Life and Health Insurance Association (CLHIA) is asking the province to re-examine the list of  

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