Bridgeport Perspectives

Feb26, 2020

2019 Registered Account Information & Tax Tips

February 26th, 2020|Categories: Financial Planning & Tax|

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 [...]

Feb26, 2020

Taxable Income, Book Value, Market Value and Investment Returns: What Does It All Mean?

February 26th, 2020|Categories: Financial Planning & Tax|

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 [...]

Nov21, 2019

RRSP to RIF Conversion — Tips for Retirement Planning

November 21st, 2019|Categories: Financial Planning & Tax, Investing, Wealth Planning|

As the year end approaches, Canadians who celebrated their 71st during the year are likely in discussion with their advisor or custodian about the mandatory conversion of their Registered Retirement Savings Plan (RRSP) to a Registered Retirement Income Fund (RRIF). The exercise can be an intimidating one for those whose talents and interests lie outside the financial arena, but the event is really quite straightforward.

Nov13, 2019

The Case for Spousal RRSPs

November 13th, 2019|Categories: Investing|

One of the most common questions we receive from clients relates to whether they should contribute to a spousal RRSP, especially in light of the new pension income splitting rules introduced by the Canada Revenue Agency (CRA) a few years ago.  The new rules allow spouses to share up to 50% of eligible retirement income — RRIF, pension or annuity income — with each other. Couples get to choose whether to split the income and, if so, how much to split, when their taxes are filed each year. Our answer to the spousal RRSP question, like most other financial planning questions, is: it depends!

Nov13, 2019

The Saudi Aramco IPO: It’s Good To Be Royal

November 13th, 2019|Categories: In the News|

The world’s largest ever share sale is officially underway as Saudi Aramco launched its long-awaited Initial Public Offering (IPO) earlier this month. In the coming days and weeks, there will be lots of headlines and analysis about the size of profits, valuation, corporate governance and politics (oil and otherwise) around the company. For those unfamiliar with Saudi Aramco, it is the state owned energy company of the Kingdom of Saudi Arabia. It is one of the world’s largest oil producers with enormous oil reserves (257 billion barrels) and is reportedly the world’s most profitable company.

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 [...]

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