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Jan 15, 2017

Hot List 2016

2018-07-09T15:57:04+00:00 January 15th, 2017|Media Spotlight|

While the Canadian economy is still struggling with oil’s rapid descent, there are many advisors out there who weren’t surprised by last year’s calamity. John Fisher, the founder of Bridgeport Asset Management, was one of them – Bridgeport avoids investing in the oil & gas industry, preferring instead to focus on more stable sectors such as healthcare. Since founding Bridgeport in 2007 after making his name at Clairvest Group, Fisher has led the company from strength to strength by following an investment criteria that prioritizes predictable earnings, robust profit margins and a reliable return on invested capital.

Nov 15, 2015

Founder of boutique investment firm eats his own cooking

2018-07-09T15:57:34+00:00 November 15th, 2015|Media Spotlight|

John Fisher believes in putting his money where his client is. Called “eating your own cooking” in industry parlance, it is intended to inspire investor confidence that he will be sure to act in their best interest. It’s a practice that helped Mr. Fisher launch his boutique investment firm, Toronto’s Bridgeport Asset Management Inc.

Jun 18, 2018

Are You Prepared for the New Passive Income Tax Rules for Private Corporations?

2018-06-20T12:59:59+00:00 June 18th, 2018|Financial Planning & Tax|

As many of you are aware, the Canadian government announced new rules in February concerning the taxation of passive income in Canadian controlled private corporations (CCPCs). The Liberals’ original draft legislation proposed to target tax strategies that have been used by small businesses and professionals since the early 1970s so naturally the initial announcement in July 2017 drew widespread condemnation. The government’s concern with the accumulation of passive income-generating investments in private companies stems from the fact that CCPCs pay a blended federal and provincial small business tax rate of 13.5% (in Ontario) on active business income up to the [...]

Jun 12, 2018

Down Payment Dilemma Part II: To Gift or Not To Gift?

2018-06-12T20:42:41+00:00 June 12th, 2018|Financial Planning & Tax|

Previously, we wrote about the risks of gifting your children a down payment in today’s housing market. Stifling mortgage payments, rising interest costs and house price corrections all need to be considered, particularly in hot Canadian real estate markets like Toronto and Vancouver where even modest housing price corrections can wipe-out generous gifts.  Still, providing financial assistance to loved ones remains at the top of many parental wish lists, with down-payment support ranking about as highly as the desire to help with education costs.  Options like these are also often preferred to cash gifts if there’s any doubt about an [...]

May 18, 2018

House Rich, Cash Poor: Beware of Strangling Your Kids with Debt

2018-05-22T19:16:36+00:00 May 18th, 2018|Financial Planning & Tax|

It’s a question clients ask us a lot: can we, or should we, gift our kids cash for a down payment on their first home? It’s a thorny issue that puts parents in a tricky spot. Most parents’ gut instinct, of course, is to do everything they can to help their children. But in this case, doing so could do more harm than good. We’ll give you three reasons why in a moment. It’s easy to see why more parents are giving their kids an assist in cracking the housing market, especially in big cities like Toronto, where the average residence [...]

Feb 27, 2018

Key Person Risk – Beware of this Top DIY Investor Pitfall

2018-03-01T21:14:22+00:00 February 27th, 2018|Investing|

As money managers, we get asked about DIY investing all the time — and we agree it can work for some people, especially if they enjoy tracking markets and investments, have the right skills and temperament — and can also handle the extra work and stress that comes along with managing your own money. But there is one big risk when it comes to self-directed investing — and it’s one that many people often forget about.