Side accounts could bring two life insurance giants to their knees

Two predecessor companies of Industrial Alliance Insurance and Financial Services Inc. and Manulife Financial Corp. issued life insurance policies that allowed holders to invest in side accounts that guaranteed rates of up to five per cent and four per cent, respectively.Aaron Vincent Elkaim/The Canadian Press files In an era of higher interest rates in the

Business & Finance

What you need to know about inheriting or transferring a foreign pension

An IRA can be transferred, tax-free, to a Canadian RRSP, but it’s complicated and not always worthwhile.Karen Bleier/AFP files The biggest tax bill upon death for many Canadians arises from the mandatory inclusion of any remaining RRSP or RRIF funds as income on their final tax return. The tax law states that, absent a qualifying



Mavericks and Movers: The brains behind 2017’s top-five venture capital deals

Element AI chief executive Jean-François Gagné. Handout Element AI By Rob Blackstien Element AIJean-François Gagné There is nothing synthetic about Jean-François Gagné’s expertise in artificial intelligence (AI). Having already founded and successfully exited two companies in AI and operations research, he co-founded Montreal-based Element AI in 2016 and, as its CEO, is often asked to


Canada’s Most Admired Corporate Cultures

Flight Centre Travel Group. John Beauvais, President Flight Centre Travel Group poses for photos with some employees at their location at King and Spadina streets in Toronto, Ont., Tuesday, February 20, 2018. (J.P. Moczulski for Postmedia News) Flight Centre Travel Group (FCTG) prides itself on having a corporate culture like no other. As a full-service


Moon to get its own 4G mobile network next year via SpaceX rocket

Nokia masts will be launched on a SpaceX rocket in 2019 from Cape Canaveral air force station in Florida to the moon to create a 4G network.Giuseppe Cacace/AFP The moon will have a 4G mobile network installed next year, according to plans set out by Vodafone and Nokia. The mission, organized by space exploration company