In our opinion, successful long-term investments are found in companies that focus exclusively on culture. Waste Connections fits this bill. Under the tutelage of its founder, Ronald Mittelstaedt, Waste Connections has collected a compounder status by turning trash into cash with its unique Servant Leadership model. Barry and Ernest discuss Baskin’s history of owning Waste Connections as well potential rewards and risks they see going forward. 0:00: Introduction 1:37: discussion about capital gains changes in Canada and how it could affect your portfolio. 3:52: should you own a dividend paye ..read more

Before 1972 there was no tax on capital gains in Canada. In that year, as part of a major overhaul of the tax scheme, capital gains taxes were imposed. The inclusion rate for capital gains (the percentage subject to tax) has varied over the years from the present level of 50% to as high as 100%, with stops (both in the year 2000) at 75% and 66% along the way. Now we are going back to 66% inclusion, which means that the effective tax rate for those in the top backet will go from around 27% to around 36% on realized gains. To make matters more complicated, for individuals the first $250,000 of g ..read more

We really like Adobe and Live Nation, says Barry Schwartz, chief investment officer and portfolio manager at Baskin Wealth Management. The post Barry Schwartz on BNN Bloomberg: Live Nation’s potential anti-trust lawsuit is all noise appeared first on Baskin Wealth Management ..read more

Great discussion this week about Canadian Compounders that trade at a discount to their U.S. peers. Barry and Ernest give four examples of companies owned by Baskin Wealth Management clients that are valued at a discount and the reasons why. Barry and Ernest discuss why Canadian stocks are currently out of favour and then finish off the episode with comments on Costco and Amazon. Check out Ernest’s debut on BNN Bloomberg  0:00: Introduction 0:56: Ernest’s discusses his debut on BNN Bloomberg 4:15: Why are there so few “super-investors”? 6:23: Canadian compounders trading at a discount t ..read more

Ernest Wong shares with BNN Bloomberg which stocks he prefers as the Bank of Canada hits pause on interest rates. The post Ernest Wong on BNN Bloomberg’s The Street: We remain underweight on Canadian stocks appeared first on Baskin Wealth Management ..read more

Barry Schwartz discusses his top picks, past picks and his outlook for the markets. The post Barry Schwartz on BNN’s Market Call – April 9, 2024 appeared first on Baskin Wealth Management ..read more

Benjamin Klein, Senior Portfolio Manager and CFP, joins Barry for our monthly financial planning podcast. Benjamin and Barry have a fascinating discussion about trusts and joint accounts with family members. If you are curious about how they work, the pros and cons of each, and the differences between a formal and informal trust, then this episode will be enlightening. 0:00: Introduction 1:27: Bare Trust Debacle 3:08: Why people set up joint accounts with family members 4:17: Explaining probate on non-registered accounts held jointly with family members 10:28: The pros and Cons of Formal and ..read more

How Wise is AI? You probably have some questions about AI (artificial intelligence). The seemingly instant emergence of multiple platforms offered by the major technology companies has been the biggest event in computing since the advent of social media companies like Facebook and Instagram. I wish I could give you a lot of good answers, but I can’t. The field is advancing (or at least changing) too rapidly. I can give you some thoughts, and I will do so by presenting some actual “dialogs” with Copilot, the AI engine now freely available on Microsoft. I asked Copilot “What is the difference be ..read more

Alimentation Couche-Tard (ATD) is one of the best performing Canadian equities for over 30 years. Ernest and Barry discuss the pros, cons and the reasons why we finally purchased this investment for clients. We also talk about Apple’s recent woes and reasons to stay optimistic. 0:00: Introduction 1:48: Golf and Cialdini 2:42: Our take on the the DOJ suit against Apple 11:42: The Apple Bull and Bear thesis 17:50: Feature discussion on Alimentation Couche-Tard (ATD) 19:40: The beauty of convenience stores 22:22: ATD’s Consolidation story 23:57: ATD’s secret sauce to improving sales per square ..read more

Barry Schwartz shares why he sees investing opportunities with the Canadian banks. The post Barry Schwartz on BNN’s The Street: There’s good reason to believe things will turn around for the TSX going forward appeared first on Baskin Wealth Management ..read more