CDIC Video Explaining Changes to Deposit Insurance
Amendments to the Canada Deposit Insurance Corporation Act come into force in April 2020 and April 2021. CDIC has created a 6 ½ minute video...
Financial Institution & Deposit Broker News & Events
Privacy Training
RDBA is now offering privacy training for members. This training covers the Personal Information Protection and Electronic Documents Act (PIPEDA) as well as individual provincial...
Fasken Bulletin: New FINTRAC Compliance Guidance
On February 13th, 2019, Fasken Martineau DuMoulin LLP posted a bulletin titled: New FINTRAC Compliance Guidance. This bulletin is a response to FINTRAC's February...
FINTRAC Suspicious Transaction Guidance
FINTRAC has published new suspicious transaction guidance: “What is a suspicious transaction report”, “Reporting suspicious transactions to FINTRAC” and sector-specific “Money laundering and terrorist financing...
Canada’s unemployment rate at a 43-year low
Statistics Canada reported that employment held steady in December 2018 and the unemployment rate was unchanged at 5.6%. The National Post also reported that Canada's...
CDIC and Brokered Deposits – Guidance and Webinar Documents
In May of 2018, the Canada Deposit Insurance Corporation released an information bulletin specifically for brokers and financial advisors, covering the following areas: How CDIC’s...
2019 Federal Budget
A major component of this year's Federal budget is dedicated to seniors. A Secure and Dignified Retirement for Canadians, which is available on the Government...
CDIC QUESTIONS AND ANSWERS – ABBREVIATED BROCHURE
There have been many questions asked by our members regarding the CDIC disclosure requirements which recently came into force. We have reached out to...
Department of Finance Canada Launches Consultations on Open Banking
On January 11th, 2019, Department of Finance Canada launched consultations on Open Banking. Here is an excerpt from the Department of Finance Canada website: "Open banking...
New Guidelines for Consent to Use Personal Information – January 1st 2019
As of January 1st 2019, the Privacy Commissioner of Canada is applying more robust guidelines for obtaining meaningful consent for using personal information. Read...