And Advocis is sued again  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
Saturday, March 23, 2024

In this week's edition

Business owners, CPP and dividends

Julie Martini sues Advocis

Holding a mortgage in an RRSP

When clients ignore your OOO

Incorporated business owners are often skeptical of paying into CPP because they believe they’re getting a bad deal. But, as columnists Ben Felix and Aravind Sithamparapillai reveal, avoiding CPP by paying dividends instead of salary can be a mistake.

Julie Martini, chief operating officer with Advocis, is suing her employer for constructive and wrongful dismissal. The claim comes after the association’s former president and CEO, Greg Pollock, filed for wrongful dismissal in December. It’s also the third claim against the national financial advisors association in recent months. Advocis denies the allegations. Michelle Schriver reports.

It’s not a common strategy, but a “non-arm’s length mortgage” effectively allows someone to lend money to themselves (or a family member) from their RRSP to fund a mortgage on a home. With interest rates higher than they’ve been in a while, is this a good idea? Rudy Mezzetta examines the pros and cons in an article you can share with clients.

The Magic Number
Four
That's how many Big-Six banks pledged to increase the number of Black board members by 2025. All four have hit that goal.

And finally, you’ve done the hard work of creating detailed out-of-office instructions for your clients — maybe even with some humour. And someone contacts you anyway. What do you do, and how do you prevent this from happening in the future? Allan Janssen looks at your options.

Melissa Shin
EDITORIAL DIRECTOR
Melissa has been with Advisor.ca since 2011 and leads Newcom Media Inc.’s group of financial publications.
 

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