Bridgeport Perspectives

May15, 2019

The Case for Income Portfolios

May 15th, 2019|Categories: Investing|Tags: , , , , |

Given the recent run-up in stock markets, we thought it would be useful to review the case for including bonds and other income generating assets in an investment portfolio. Over time, publicly traded stocks generally earn higher rates of returns than corporate bonds and other loan-oriented investments.  This is almost a fundamental law [...]

Feb26, 2019

2019 Registered Account Information & Tax Tips

February 26th, 2019|Categories: Financial Planning & Tax|Tags: , , , , , |

With the arrival of 2019, we thought it would be useful to remind you of the contribution limits for the various registered accounts you may wish to fund. CRA My Account If you haven't already done so, take the time to register for your CRA My Account.  The account allows you [...]

Feb8, 2019

Does Your Financial Advisor Need To Act In Your Best Interest? The Answer May Surprise You

February 8th, 2019|Categories: Wealth Planning|Tags: , , , |

A recent proposal tabled by the Ontario Securities Commission (OSC) that was designed to hold investment advisers who work for bank-owned investment dealers, mutual fund and insurance companies to a higher standard of client care was recently rejected by the Canada’s provincial securities regulators. The quashed “best-interest standard”—an overarching rule stating [...]

Oct18, 2018

Individual Pension Plans: A Way for Entrepreneurs to Manage the New Passive Income Tax Rules

October 18th, 2018|Categories: Financial Planning & Tax|Tags: , , , |

Considering the historically favourable tax-deferral strategy of retaining and investing corporate earnings vs paying dividends, accumulating assets in a company has long been the default retirement plan for many business owners.  Recent changes to how passive corporate income is taxed has renewed interest in a favourable but lesser-known alternative to retained [...]

Jun18, 2018

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

June 18th, 2018|Categories: Financial Planning & Tax|Tags: , , , , , , |

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 [...]

Jun12, 2018

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

June 12th, 2018|Categories: Financial Planning & Tax|Tags: , , , , , |

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 [...]