And another shakeup at BMO Private Wealth  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
Saturday, February 24, 2024

In this week's edition:

Claiming work-from-home expenses

Clashing over client communications

BMO Private Wealth changes leadership, again

What's up with U.S. equities?

Rep on the hook for recruitment loan

With the 2023 tax filing season now open, some of your clients may be asking their employers for a signed Form T2200: Declaration of Conditions of Employment. The form allows them to claim employment expenses related to working from home. But employers have no legal requirement to provide one, and the process for claiming work-from-home expenses has changed for 2023. Rudy Mezzetta reports.

Your firm issues a marketing message that touts an investment style you don’t use, and you want to issue a message to your clients clarifying your position. But compliance won’t let you. What do you do? Michelle Schriver digs into this quandary in her latest “Ethical Advisor” column.

BMO Private Wealth Canada has shaken up its leadership ranks for the third time in the past six months, adding leaders from two rival banks and a technology firm. The move comes after Meghan Meger, who was appointed sole head of BMO Private Wealth Canada in October 2023 and co-head in June 2022, announced her retirement. Maarten Jansen, Craig Meeds and Martha Moen join the firm.

The Magic Number
$5.2B
That's how much taxpayers claimed in home office expenses in 2022, according to data provided to Advisor.ca by the CRA.

After a strong year for the S&P 500, one question on many investors’ minds is whether U.S. stocks will continue to lead the pack. One portfolio manager urges caution when predicting future success.

Finally, a former rep must pay back more than $400,000 to his former firm, representing the balance on a $1.6-million recruitment bonus that was structured as an interest-free loan, an Ontario court ruled last week. James Langton reports.

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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