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...
Financial Institution & Deposit Broker News & Events
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...
CMRA does not violate constitution, Supreme Court rules
On Friday, November 9th, the SCC overturned a lower court decision, clearing the way for the federal government and participating provinces and territories to create...
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...
Government of Canada Launches Pre-Budget Consultations
As a follow-up to Finance Minister Bill Morneau's November 21st Fall Economic Statement, the Government of Canada launched consultations for Budget 2019. Canadians can contribute...
RDBA Response to CDIC Consultation, September 2018
RDBA has responded to Canadian Deposit Insurance Corporation's Joint and Trust Account Disclosure By-law consultation paper from July, 2018. Click here to download RDBA's submission (PDF)....