January PayNet Commercial Credit Indicies (March 15, 2018)

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Equifax: Consumer debt climbs, but delinquencies and bankruptcies down (March 12, 2018)

According to the Q4 2017 Equifax Canada National Consumer Credit Trends Report, consumer debt levels continue to reach new highs even as 46% of people decreased their personal debt. For more information, see document below. Related Document(s): Title: Consumer Debt Climbs to Over $1.8 Trillion, but Delinquencies and Bankruptcies Edge Down – Equifax Canada Credit …read more

Purpose Financial to acquire fintech lender Thinking Capital (March 9, 2018)

Canadian ETF pioneer Som Seif’s Purpose Financial announced Friday it is acquiring Montreal-based Thinking Capital, an online lender to small businesses, for an undisclosed amount of cash and securities. The deal comes as Purpose aims to grow its financial technology services platform alongside its $5-billion ETF and mutual funds business. Purpose and Thinking Capital said …read more

Federal Budget 2018: Details & Issues of Interest (February 28, 2018)

On February 27, 2018, Federal Finance Minister Bill Morneau tabled Budget 2018 – Equality + Growth: A Strong Middle Class. Highlights and details are available in this Budget Memo that was prepared for CFLA by Impact Public Affairs. For more information, see document below. Related Document(s): Title: CFLA Budget Memo 2018 (Impact Public Affairs, February 27, 2018) …read more

December PayNet Commercial Credit Indicies (February 15, 2018)

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November PayNet Commercial Credit Indicies (January 15, 2018)

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Alberta Passes Consumer Protection Legislation (January 11, 2018)

On December 15, 2017, Bill 31: A Better Deal for Consumers and Businesses Act (Bill 31) received Royal Assent from the Alberta government, just two weeks after being introduced at First Reading. The new consumer protection laws, which include a forthcoming Consumer Bill of Rights and changes to auto sales and the Alberta Motor Vehicle Industry Council, …read more

Death of Kathy Ward (January 10, 2018)

It was with great sadness that we learned of the death of Kathy Ward on Christmas Eve.  Kathy was a driving force behind Canadian Black Book, a leading provider of “free car values, new/used car prices and vehicle listings.  Canada’s trusted resource for over 50 years.”  Canadian Black Book has long been a vital cog …read more

Decision on OSFI Guideline E-22’s impact on captives (January 5, 2018)

In mid-December, CFLA received a letter from the federal Office of the Superintendent of Financial Institutions (OSFI) communicating their decision regarding the application of Guideline E-22: Margin Requirements for Non-Centrally Cleared Derivatives. OSFI has taken the position that captive finance companies are ‘financial entities’ that qualify as ‘covered entities’, and thus have obligations under the …read more

2018 Federal Auto Deduction Limits for Business (December 24, 2017)

On December 22, 2017, the Department of Finance Canada announced the automobile expense deduction limits and the prescribed rates for the automobile operating expense benefit that will apply in 2018. While most of the limits and rates that applied in 2017 will continue to apply in 2018, there are two key changes taking effect as …read more