The Client Relationship Model - Phase 2 (CRM2) is a new set of industry regulations meant to provide Canadian investors with more details on their investment costs and performance. It was developed by the Canadian Securities Administrators, an organization representing Canada's investment industry regulators.
The Canadian propensity for self-aggrandizement is in form these days. It started with the massive coverage of the arrival of Syrian refugees at Pearson International Airport in December. While many were drowning in self-congratulations, all I could think about was a scene from Woody Allen's 1973 film, Sleeper.
Canadians may be able to save more in their Tax Free Savings Accounts (TFSA) but most are still confused by how the account actually works. Tax Free Savings Accounts (TFSA) seemed like a simple concept when it was announced in 2009. Canadians over the age of 18 were allowed to save up to $5,000 per year in a TFSA. But the rules are easily misinterpreted. I know several people who have been hit with overcontribution fines.