Industry associations make case for annuities, crypto funds as qualified investments

  • 📰 globebusiness
  • ⏱ Reading Time:
  • 38 sec. here
  • 15 min. at publisher
  • 📊 Quality Score:
  • News: 63%
  • Publisher: 66%

Adveditorial ニュース

Globe Advisor,Appwebview,Investment

The Finance Department’s consultation on qualified investments for registered accounts ended last month

The federal government announced in the 2024 budget that it's looking at how to modernize the rules around which investments can be included in registered accounts.The Department of Finance’s consultation on qualified investments within registered plans closed last month, and industry associations argued that crypto funds and annuities should remain on the government’s list of what’s allowed.

One issue under consideration is whether annuities – which can only be held in RRSPs, RRIFs and RDSPs – should continue to be qualified investments. “Balances in TFSAs continue to grow and are being used increasingly as a source of savings to support retirement needs,” CLHIA’s submission to Finance states.

“The lack of readily available fair market value is irrelevant as cannot cash in an annuity,” Ms. Simon says. Annuities are illiquid as insurance companies have contracted to pay out a guaranteed sum for life. Ms. Simon adds Finance should not reintroduce foreign content limits on investments because of the administrative burden for providers and forcing more Canadian investments by force doesn’t serve retirees well.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 31. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Wiz, Google deal off, General Motors Reports: Yahoo FinanceThe proposed deal between Google (GOOG,GOOGL) and cyber security firm Wiz, valued at $23 billion, has fallen apart as Wiz CEO Assaf Rappaport told employees ...
ソース: YahooFinanceCA - 🏆 47. / 63 続きを読む »

Investors eye Washington after Biden drops out, Tesla, Visa headline big earnings week: Yahoo FinanceWall Street will be eyeing what happens in Washington after US President Joe Biden announced on Sunday that he was dropping out of the 2024 presidential race...
ソース: YahooFinanceCA - 🏆 47. / 63 続きを読む »

G20 finance ministers meet to seek consensus before US electionThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
ソース: KitcoNewsNOW - 🏆 13. / 78 続きを読む »