In what seems like a lifetime ago, in February 2018 we outlined the benefits of inter-spousal loans in a feature website article. Our original article was timely because at the time the federal government had announced it was raising the rate at which a high-income spouse could lend funds to their lower-income spouse from 1% to 2%.
While the COVID-19 pandemic has caused significant economic disruption and led to increased stock market volatility, it has also created more opportunities for fundamental bottom-up stock pickers like Bridgeport. This is because the initial decline in the stock market in the first quarter of 2020 and its subsequent recovery has been particularly uneven with some stocks increasing significantly in price, while other less prominent companies lag.
Bridgeport President and CEO John Fisher explains how they created a truly diversified solution for HNW investors, offering institutional quality exposure to niche private debt strategies.
After registering the swiftest 35% decline on record, the S&P 500 — a stock market index that measures the stock performance of the 500 largest U.S. publicly traded companies — has rallied more than 25% and now sits only about 15% from its most recent all-time high. Many are wondering how the market could be performing so well in the face of COVID-19 and the resulting economic shutdown. There are a few points to consider on this matter:
There is no doubt these are extraordinary and unprecedented times.
Canada Revenue Agency (CRA) My Account If you haven't already done so, we recommend taking the time to register for your CRA My Account. The account allows you to manage virtually all your tax affairs online. Benefits include tracking tax refunds, viewing or amending prior years' returns, checking benefit and credit payments, viewing available RRSP & TFSA contribution limits, setting up direct deposit, receiving online mail, and more. Start the process or access your account here. Registered Retirement Savings Plans (RRSPs) Yearly limits for RRSP contributions are equal to 18% of an individual’s earned income from the prior calendar year, [...]
As investors gather their tax information for the 2019 tax season, we thought it would be helpful to address two recurring questions that come up this time of year. “My investment returns were strong last year, but my accountant doesn’t seem so sure as I don’t have a lot of taxable investment income to report. How did I really do overall?” This common comment shines a light on the relationship between a portfolio’s investment return and what qualifies as taxable income. It is helpful to approach each concept separately to understand their connection. Your portfolio’s investment return represents the amount of money your [...]