General

REMINDER: New Laws and Regulations

Given the addition of Part XIX of the Income Tax Act (Common Reporting Standard) and the amendments to the Regulations Amending Certain Regulations Made under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, new rules will begin to apply as of June 2017 to non-registered investment accounts and life insurance policies with a surrender value (whole life insurance and universal life insurance).

This will have an impact on your work and will require several of our forms to be modified. You will receive more information on these modifications in the coming months.

For more information:

• Amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
• The CRS and SSQ