August Newsletter
John Ridd - Aug 02, 2024
At anytime, if you would like to speak with us, please do not hesitate to reach us directly by phone 905-727-5040 or Ridd.Associates@nbpcd.com. We would also be happy to meet with you in person (either in-person, via video or telephone).
Please note that our offices are closed on Monday August 5th.
We wish you and your loved ones a great long weekend!
Market and Portfolio Update
As we go into the long weekend, we welcome the Summer Doldrums! It has been, surprisingly, the opposite of that, and not just with the wild rainstorms and hot humid days, but the markets too have been turbulent. More importantly, we are still in the GREEN ZONE and mostly invested, but as we mentioned in the last e:Newsletter, we are, and continue to be, very much defensively positioned.
Monthly Features
Capital Gains Tax Update:
What You Need to Know Now
The Federal Government tabled a Notice of Ways and Means Motion announcing its intention to proceed with the capital gains increase, largely consistent with the original proposals in the Budget documents. Despite intense lobbying, there will be no deferred implementation, no election, no averaging of capital gains over multiple years and no ability to split the individual $250,000 threshold with corporations. However, the government release provided further details on the calculation methodologies and addressed many of the broader concerns raised. Read more for further details.
We hope you enjoyed this month's newsletter.
If at anytime you would like to meet with us, please contact us by phone at 905-727-5040 or Ridd.Associates@nbpcd.com. We would be happy to setup an in-person meeting, phone meeting or virtual meeting at a time that is convenient for you. We look forward to reviewing your portfolio and wealth plan as well as answering any questions you may have.
If you know someone who can benefit from what you have learned today, please feel free to forward this newsletter to them.
Warm regards,
