There have been many questions asked by our members regarding the CDIC disclosure requirements which recently came into force. We have reached out to CDIC for clarity and have provided a summary of the questions and the responses we received from CDIC below for your reference. Please note that the abbreviated form of the brochure...
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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...
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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...
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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...
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As of January 1st 2019, the Privacy Commissioner of Canada is applying more robust guidelines for obtaining meaningful consent for using personal information. Read...
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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...
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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...
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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)....
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On Thursday, September 13th, 2018, The Canadian Securities Administrators (CSA) released a request for comment (PDF) with details on how it proposes to implement a...
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Today, Statistics Canada announced that The Consumer Price Index (CPI) rose 3% on a year-over-year basis in July, following a 2.5% increase in June. While...
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