At NBCN we have a passion for finding innovative solutions to complex situations. We believe in partnering and helping independent wealth management firms grow their business. As a trusted partner, we offer integrated client centric products and services to Investment Fund Managers, Portfolio Managers and Introducing Broker Dealers.
Information on our investment fund services can be found here.
Fund managers operating an investment fund that has not met the definition of a mutual fund trust or mutual fund corporation, that are also registered investments under the ITA are restricted to just purchasing qualified investments.
Draft legislative proposals released by the Department of
Finance (Finance) on September 8, 2017, deem management and administrative
services provided by a general partner to an investment limited partnership to
be a GST/HST taxable service, requiring the general partner to collect GST/HST
on the fair market value of the service.
The CSA published
today Staff Notice 46-307 Cryptocurrency Offerings, which outlines how
securities law requirements may apply to initial coin offerings (ICOs), initial
token offerings (ITOs), cryptocurrency investment funds and the cryptocurrency
exchanges trading these products.