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| EST. READ TIME 1 MIN.20% Foreign Property Rule: Increasing Risk and Decreasing Returns on RRSPs and RPPs
The 1999 budget provided an opportunity for the federal government to create the conditions under which Canadians could improve their investment returns and, at the same time, reduce portfolio risk through increased diversification. This they could have done by eliminating the Foreign Property Rule (FPR). Instead, bound to an antiquated and discredited industrial policy, the federal government chose to maintain the FPR.
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Fazil Mihlar
Fazil Mihlar has been a member of the Vancouver Sun's editorial board since October of 1999. He is now theeditorial pages editor and a columnist. Mihlar has been nominated twice for a National Newspaper Award for best editorial writing in Canada.Previously, Mihlar managed the Royal Bank Financial Groups public affairs department for B.C. and the Yukon. He also directed the regulatory studies program at The Fraser Institute and managed the small business consulting group at Simon Fraser University.Mihlar holds a B.A. in Economics from Simon Fraser University, an M.A. in Public Administration from Carleton University and a Marketing Diploma from the Chartered Institute of Marketing in London, England. He also completed a Certificate Course on Risk Management at Harvard University.Mihlar is the author and co-author of several studies, including The Cost of Regulation in Canada, Federal Regulatory Reform: Rhetoric or Reality? , The Rational Consolidation of Banking in Canada , and Debunking the Myths: A Review of FTA and NAFTA . His articles have appeared in several newspapers, including the Vancouver Sun , Calgary Herald , National Post , and The Globe and Mail .He sits on the board of the Kerrisdale Community Centre Society.… Read more Read Less…
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