June 21st, 2016

PMAC Welcomes Finance Ministers’ Canada Pension Plan (CPP) Agreement

TORONTO, ON, June 21, 2016 – PMAC applauds the agreement in principle on CPP reached by Canada’s Finance Ministers. “We are pleased that the agreement calls for modest increases to CPP with a long and gradual phase-in period which recognizes the economic … Continue reading

June 17th, 2016

Ontario Consultation on Financial Advisory and Financial Planning Policy Alternatives

The Portfolio Management Association of Canada (“PMAC“), through its Industry, Regulation & Tax Committee, is pleased to have the opportunity to once again participate in the Ontario government consultation process regarding Financial Advisory and Financial Planning Policy Alternatives (the “Consultation”). We applaud the Ontario … Continue reading

April 29th, 2016

Proposed Amendment to Regulation 909 under Pension Benefits Act – Eliminating the 30% Rule for Pension Investment

The Portfolio Management Association of Canada (“PMAC”), through its Industry, Regulation & Tax Committee, is writing to express our support for the Ontario government’s proposed regulatory reforms (the “Proposal”) that would eliminate the current investment rule2 that prohibits plan administrators … Continue reading

April 13th, 2016

2016 Federal Budget

The Portfolio Management Association of Canada (“PMAC”), through its Industry, Regulation & Tax Committee, is writing to express our thoughts on certain taxation and pension changes announced in the 2016 Federal Budget (the “Budget”). We are pleased that the government … Continue reading

March 9th, 2016

CSA Mutual Fund Risk Classification Methodology for Use in Fund Facts and ETF Facts – Proposed Amendments to NI 81-102 Investment Funds and Related Consequential Amendments

The Portfolio Management Association of Canada (“PMAC”), through its Industry, Regulation & Tax Committee, is pleased to have the opportunity to respond to the proposed amendments for Mutual Fund Risk Classification Methodology for Use in Fund Facts and ETF Facts … Continue reading

February 19th, 2016

Independent Evaluation of the Ombudsman for Banking Services and Investments (OBSI) with respect to Investment-Related Complaints

The Portfolio Management Association of Canada (“PMAC”) welcomes the opportunity to participate in the 2016 independent evaluation of the Ombudsman for Banking Services and Investments (OBSI). The purpose of the evaluation is to determine whether OBSI is fulfilling its obligations … Continue reading

February 16th, 2016

Proposed Amendments to the Trust Loss Restriction Event Rules in Bill C-43

The Portfolio Management Association of Canada (“PMAC”) is writing to acknowledge the proposed amendments to the trust loss restriction event rules in the Income Tax Act (Canada) (the “ITA”) which were released on January 15, 2016. We thank you and … Continue reading

February 11th, 2016

Request to Delay Implementation of the Ontario Retirement Pension Plan

Letter to the The Honourable Kathleen Wynne, Premier of Ontario: The Portfolio Management Association of Canada is writing to reiterate our concerns with regard to the Ontario Retirement Pension Plan (“ORPP”) and to urge the Ontario government to postpone the implementation of the … Continue reading

February 10th, 2016

2016 Federal Pre-Budget Consultations

The Portfolio Management Association of Canada (“PMAC”) is pleased to submit comments on recommended priorities for the 2016 Federal Budget. PMAC’s Members invest the assets of individual Canadians who are saving for retirement and the assets of both traditional defined … Continue reading

December 23rd, 2015

Capital Markets Act: A Revised Consultation Draft

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 and territorial capital markets act (the CMA) along with the … Continue reading

November 23rd, 2015

Canadian Retirement Savings and Pension Reform

On behalf of the Members of the Portfolio Management Association of Canada (“PMAC”), we are writing to formally introduce ourselves and to provide input into the Government’s consideration of retirement savings reforms and options. This is an exciting time for … Continue reading

November 23rd, 2015

The Ontario Retirement Pension Plan (ORPP) and Canadian Pension Reform

The Portfolio Management Association of Canada (“PMAC”), through its Industry, Regulation & Tax Committee, is writing to reiterate our concerns with regard to the Ontario Retirement Pension Plan (“ORPP”) and to provide our recommendations on Canadian pension reform. PMAC supports … Continue reading