PI Financial denies causing Oleynick's tax troubles
2023-06-28 20:23 ET - Street Wire
Not available.
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Stockwatch participant records show that Mr. Oleynick was a purchaser of many private placement offerings over the years (I believe that BCSC or stock exchange rules no longer allow P P participant information to be available to Stockwatch subscribers).
Posted by halcrow at 2023-06-29 14:18
The creator of this mess.
https://www.investmentexecutive.com/news/from-the-regulators/flaherty-urges-banks-not-to-force-rrif-asset-sales/
Posted by Dave at 2023-06-29 17:48
@ Dave
In 2008 (and 2009 and 2010), it's doubtful that Mr. Onleynick was a senior and it makes no suggestion that he transferred (not sold, but transferred) RRIF investments to TFSAs in amounts that exceeded the annual limits
"Finance Minister Jim Flaherty has asked Canadian financial institutions to accommodate in-kind asset transfers between Registered Retirement Income Funds and other types of accounts for seniors. In a letter to federally regulated financial institutions sent out on Thursday, Flaherty acknowledged that withdrawals from RRIFs are an important issue facing seniors given the recent deterioration in market conditions."
Posted by Halcrow at 2023-06-29 19:45