Bridgeport Perspectives

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 [...]

May18, 2018

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

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

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. [...]

Feb27, 2018

Key Person Risk – Beware of this Top DIY Investor Pitfall

February 27th, 2018|Categories: Investing|Tags: , , , , |

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.