CAPL Letter to Finance Canada & FINTRAC: Pragmatic AML Guidance to Support Financial Inclusion
CAPL submitted a letter (reproduced below) to the Minister of Finance and FINTRAC as the federal government examines financial inclusion for vulnerable Canadians and sectors facing “de-banking.” Based on what our members see in AML onboarding every day, we’re calling for clear, pragmatic guidance that helps all reporting entities verify identity and manage risk without […]
A $150,000 AML Fine for a First Audit Isn’t “Tough on Crime.” It’s Tough on Small Business—and Tough to Justify
Canada’s anti–money laundering (AML) regime has a credibility problem—not because AML enforcement is unnecessary, but because the penalty outcomes are increasingly hard to defend as proportionate. A six-figure administrative monetary penalty (AMP) can be appropriate when a business is willfully blind, repeatedly non-compliant, or effectively operating as a conduit for laundering. But when penalties land […]
CAPL participates in new PRISM Policy Roundtable for Innovation in Stablecoin Markets
PRESS RELEASE December 31, 2025 PRISM Policy Roundtable for Innovation in Stablecoin Markets Launches to Advance Practical, Cross-Regional Dialogue Vancouver, BC, December 31, 2025. The PRISM Policy Roundtable for Innovation in Stablecoin Markets (the Roundtable) today announced its launch as a cross-regional working group focused on supporting practical dialogue on stablecoin policy, regulation, compliance, and […]
Mortgage Lenders Get Ready for Canada’s new Stablecoin Regime
Canada is moving toward a formal regime for stablecoins (fiat‑referenced cryptoassets), with a draft framework released and Bill C‑15 introduced at first reading as the legislative backbone. For mortgage lenders and other home finance providers, this is not just a niche crypto development – it will shape how borrowers fund, pay, provide collateral and interact […]
BC Property Connect (Launching in 2026): What BC Property Owners Need to Know
British Columbia’s land title system is moving further into a digital, owner-focused future. The Land Title and Survey Authority of British Columbia (LTSA) is developing a new service called BC Property Connect | Verified Transaction, expected to launch in 2026. The goal is simple but significant: give property owners a secure digital connection to their […]
Canada Bank Fraud: APP Scams, UK Reimbursement Rules, and What Needs to Change
Elderly victim loses $1.7M in Canada bank fraud. Learn how rising scams expose weak protections—and what banks must do to prevent future losses.
Canada AML/ATF Rules Update: New Reporting and Verification Rules for MSBs, Title Insurers, Real Estate, and Private ABM Acquirers
Canada’s latest AML/ATF rules are now in force under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). These regulatory changes strengthen oversight, expand reporting obligations, and introduce new due diligence and sanctions reporting requirements. Here’s a breakdown of what changed and who’s impacted. Who’s Impacted by the New Canada AML/ATF Rules The […]
FINTRAC PCMLTFA Requirements for Mortgage Brokers and Lenders: 2024 Compliance Videos and Guide
As of October 11, 2024, Canada’s mortgage sector—administrators, brokers, and lenders—is now covered by the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA).
GST/HST New Housing Rebate in Canada: How to Prove Primary Residence Intent After Lisi v. The King (2025)
The GST/HST New Housing Rebate can return meaningful dollars on a new-build purchase. The key hurdle is often overlooked: proving you intended to use the property as your primary residence when you signed the purchase agreement. That’s the focus of section 254(2)(b) of the Excise Tax Act. Technical, yes—but manageable with the right preparation. In […]
Personal Mortgage Corporations Soon Permitted in BC
Under BC’s new Mortgage Services Act, mortgage professionals can now use Personal Mortgage Corporations for greater tax efficiency and business flexibility. Learn about licensing requirements and how brokers should prepare before the 2026 transition deadline.