December 8th, 2014

Consultation on Draft Provincial Capital Markets Act (PCMA) and Capital Markets Stability Act (CMSA)

The Portfolio Management Association of Canada (PMAC) through its Industry, Regulation & Tax Committee, is pleased to have the opportunity to participate in the consultations regarding the draft uniform provincial capital markets legislation and complementary federal legislation (respectively, the PCMA … Continue reading

November 19th, 2014

Presentation to Standing Senate Committee on Finance

On November 19, 2014, PMAC made a presentation to the Standing Senate Committee on Finance on two issues relating to trusts referenced in Bill C-43: (i) the trust loss restriction rules as they apply to investment funds, including pooled funds; … Continue reading

November 12th, 2014

Amendments to Section 251.2 of the Income Tax Act, Trust Loss Restriction Rules

The Portfolio Management Association of Canada (“PMAC”), through its Industry, Regulation & Tax Committee, is writing in response to the proposed amendments contained in the Income Tax Act (Canada) (the “Act”) and specifically, the amendments proposed relating to section 251.2 … Continue reading

October 29th, 2014

Proposed Amendments to Certain Regulations Relating to Pension Benefits Standards Act, 1985

The Portfolio Management Association of Canada (“PMAC”), through its Industry, Regulation & Tax Committee, is pleased to have the opportunity to comment on the proposed regulatory amendments to the Pensions Benefits Standards Act, 1985 (PBSR), and more specifically, to the … Continue reading

October 6th, 2014

Canada’s Cooperative Capital Markets Regulator (CCMR) Submission to Saskatchewan and New Brunswick

The Portfolio Management Association of Canada (PMAC) fully supports the recent announcement of the governments of Saskatchewan and New Brunswick regarding their participation in the new cooperative capital markets regulatory system in Canada. PMAC has been a strong supporter and … Continue reading

August 15th, 2014

Proposed Amendments to Rule 91-507 Respecting Trade Depositories and Derivatives Data Reporting (the “TR Rule”)

The Portfolio Management Association of Canada (“PMAC”), through its Industry, Regulation & Tax Committee, welcomes the opportunity to submit the following comments regarding the proposed amendments to Rule 91-507 Respecting Trade Depositories and Derivatives Data Reporting (the “TR Rule”). PMAC … Continue reading

August 6th, 2014

Pre-Budget Consultation 2015 Submission

The Portfolio Management Association of Canada is pleased to submit comments on recommended priorities for the Federal 2015 Budget. We express our support for all of the themes identified for the 2014 pre-budget consultations. The focus of our comments will … Continue reading

June 23rd, 2014

Potential Target Benefit Pension Plan Framework

The Portfolio Management Association of Canada (PMAC), through its Industry, Regulation & Tax Committee, is pleased to have the opportunity to submit comments regarding the Federal government’s consultation on a potential target benefit pension plan framework (the “Consultation Paper” or … Continue reading

June 18th, 2014

Introduction of Proposed Prospectus Exemptions and Proposed Reports of Exempt Distribution in Ontario

The Portfolio Management Association of Canada (PMAC), through its Industry, Regulation & Tax Committee, is pleased to have the opportunity to submit comments regarding Proposed Amendments to National Instrument 45-106 Prospectus and Registration Exemptions and Companion Policy 45-106CP Prospectus and … Continue reading

May 28th, 2014

Proposed Amendments to NI 45-106 Prospectus and Registration Exemptions Relating to the Accredited Investor and Minimum Amount Investment Prospectus Exemptions

The Portfolio Management Association of Canada (PMAC), through its Industry, Regulation & Tax Committee, is pleased to have the opportunity to submit comments regarding CSA Notice and Request for Comment – Proposed Amendments to National Instrument 45-106 Prospectus and Registration … Continue reading

March 14th, 2014

Form T1135, “Foreign Income Verification Statement”, for 2013 Taxation Year

We are writing to provide comments regarding the transitional relief that has been provided by the Canada Revenue Agency with respect to completion of Form T1135, “Foreign Income Verification Statement” for the 2013 taxation year. While we welcome the additional … Continue reading

March 13th, 2014

New Trust Loss Restriction Rules and Adverse Implications

The Portfolio Management Association of Canada (“PMAC”), through its Industry, Regulation & Tax Committee, would like to bring to your immediate attention the concerns of our membership regarding section 251.2 of the Income Tax Act (Canada) (“ITA”). This new provision … Continue reading