August Newsletter

John Ridd - Aug 07, 2025

At anytime, if you would like to speak with us, please do not hesitate to reach us directly by phone 905-727-5040 or e-mail Ridd.Associates@nbpcd.com. We would be happy to speak with you.

 

 

We also now have a new booking website.  We invite you to book your Video, in-person or phone call with any member of our team at a date/time that is convenient for you.

 

 

 

Market and Portfolio Update

 

We invite you to view our August 2025 market and portfolio update.

   READ MORE

 

Monthly Features

Help protect your family office from a cyber attack

Family offices are meant to protect and grow the wealth of high-net worth Canadians, but cyberattacks are making that job more difficult. With high value assets and sensitive information, family offices are attractive targets for threat actors. According to a survey by global law firm Dentons, more than 70% of family offices report that the likelihood of a cyberattack has increased dramatically.

Cyber criminals are becoming more sophisticated, with many using artificial intelligence technologies to craft convincing voice messages to use in their scams. Additionally, growing political uncertainty and recent natural disasters are giving them new opportunities to attack.

Larry Zelvin, Executive Vice President and Head of the Financial Crimes Unit at BMO Financial Group, is one of the foremost authorities on cyber risk. Having worked as the Global Head of Cyber Security at Citigroup and Director of the National Cybersecurity and Communications Integration Center with the U.S. Department of Homeland Security, he uses his extensive experience to help clients increase their security knowledge. Read article

 
 

A Guide to the Principal Residence Exemption

One of the most important tax breaks offered to Canadians is the “Principal Residence Exemption” which can reduce or eliminate any capital gain otherwise occurring for income tax purposes on the disposition (or deemed disposition, such as upon death) of your home. In general, a resident of Canada who owns only one housing unit, which is situated on land of one-half hectare or less, and which has been used since its acquisition strictly as their residence, will qualify for the principal residence exemption. Although simple in concept, in situations other than the one described above the tax rules governing the exemption can quickly become complicated, particularly when more than one residence is owned by a family unit.

This publication provides an overview of the exemption and outlines many of the common issues encountered in its application.  Read more

 
 
 

 

We hope you enjoyed this month's newsletter.

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Warm regards,

- John, Victor & Megan