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Morneau’s proposal affecting passive investment income draws backlash

Opposition is rapidly growing to proposed federal tax changes, as attorneys, accountants and a major lobby group are warning that successful private corporations of all sizes stand to be adversely impacted by new taxes on their financial investment portfolios.Finance Minister Bill Morneau launched proposals today to close loopholes that are increasingly in usage by high-income…

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GM to announce $1B investment affecting 1,000 jobs, source says

DETROIT– General Motors will reveal a $1 billion financial investment in its factories that will produce or keep around 1,000 jobs, a GM authorities with knowledge of the statement confirmed to CBS News.The story was first reported by The Associated Press, pointing out an individual briefed on the matter said Monday.The Detroit car manufacturer was…

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Read: Top trends affecting wealthy individuals in 2017

Eric Enslin, CEO of FNB Private Wealth and RMB Private Bank, states “High-net worth people take into account a range of financial, regulative and financial investment elements in addition to household and profession goals when preparing for the year ahead. Advisors are needed to completely assess the state of their clients’ long-term wealth development, while…