One-time Investment Calc. Rate of Return Calculator Retirement Planning Calc. Retirment Asset Allocation RRSP Graphing Calculator RRSP Tax Savings Calculator After-Tax Returns Calc. Enhanced consumer protection has become a top priority at Queen's Park. Having launched a two-month consultation process last month, Consumer and Commercial Relations Minister Bob Runciman recently released proposals for three specific industries, including real estate.
Many recommendations are long overdue and virtual no-brainers.
A new offense would reprimand agents and brokers who provide false information to buyers, lenders, appraisers and other registrants, or who assist in falsifying information. With suspension or revocation of registration the only penalties, flies must be killed with a bomb. One proposal would allow fines or restitution to be imposed for minor infractions. Maximum fines would be hiked, to deter inappropriate activities and create consistency across consumer protection statutes. In two thorny areas, the government merely floats trial balloons.