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2018 Annual Tax Season Letter

Brock Shores Financial

Formerly Timothy Ross & Associates

 

4502 Airport Road – Tincap

Elizabethtown, ON

K6T 1A2

“Serving clients since 1988”

 

www.BrockShoresFinancial.ca

Voice: 613-345-0016

Fax: 613-345-5231

advisor@timothyross.com

 

 Another year is upon us, “the sap is running” and we are beginning our tax season once again. Our biggest announcement this year is that we have happily made a name change. We hope you like the fresh look of Brock Shores Financial. I feel it better suits our path going forward and positions us into the next 30 years as we develop our growth and succession plans. We have expanded our team, hiring on additional staff to help keep the office balanced and efficient to meet our growing client’s needs. This is now my 30th year in business and it is still my pleasure to serve you and your family as a tax consultant and advisor. Our new staff members include Cody King, Katina King, Neil Norman, and Lisa Quenneville. Heather Kiley remains our Administrative Assistant and Megan Hough is our Client Support Service Coordinator. Peter Young continues to provide out of office accounting support. Bob Harper, has come on board as our Business Development Consultant, helping promote our year round business support services. Many may know Bob for his efforts in bringing great awareness to the area and abroad about the origins of our Canadian Maple Leaf Flag and our local connection to the historic events and loving hands that lead to our countries flag creation.

 

Brock Shores Financial is set upon a good foundation that has been built on the Family Office concept where you can get a variety of services and advice, a one stop place for the majority of your financial services and advice. We will continue to provide what we call Omega Stewardship ® which helps us help you reach your families major goals in life.

 

Things are always changing, just yesterday the Canadian Government announced a number of updates in the budget which we will be monitoring going forward as some of them may impact you and or the people you work for. There was also a number of changes last year and some of these changes will effect various credits which we will adjust this year while doing your taxes.

 

Some of the routine news for the tax season year is as follows:

 

“The hardest thing to understand in the world is the income tax.” ~ Albert Einstein

 

TAX SEASON OFFICE HOURS

We have now expand our front desk office hours for the next few months. Monday through Friday we open at 9:30 am and close at 8pm. This will be our goal during the weeks ahead. That being said, we take appointments beyond our “office hours” all the time throughout the year. Working Saturdays is an option as well especially during tax season if you cannot possibly make it in during the week or evenings.

 

If you do not require an appointment, please feel free to drop off your tax papers at the office. Staff are setup to receive and gather the necessary information. They will have you sign some papers and send some home for signing if required so we can get your returns prepared, reviewed and filed in a timely manner.

 

We also have had more people emailing their documentation to us from across Canada 24/7. This has been a very effective way to extend our reach and provide service across the country or simply down the street. This is not always convenient for everyone, however if you would like to, simply email a pdf of your slips or a clear photo from your smart phone. Please send them to advisor@timothyross.com and we will be able to start your returns that way.

 

CRA CONTACT

We will continue to select the e-filing option that CRA will contact us directly first vs you for any pre-assessment and post assessment requests for information. That has worked fairly well this past year. There has been occasions CRA didn’t cooperate with this policy and we had surprise reassessments, nevertheless we will work through those for you.

 

As noted last year, in the past we had CRA contact clients first after your returns had been processed (post assessments), this gave one a chance to respond on your own and avoid any additional professional charges. We found however over the last few years that people were typically bringing this to our attention anyway and sometimes completely not dealing with the matter. Then one would get reassessed, with a debt owed to CRA because no information was sent, or the wrong information was sent, missing information, etc. This causes too much stress for everyone, additional work and often requiring more expertise to sort out. So we are going to take on the responsibility of receiving these notices first and then responding to CRA on your behalf. This will involve gathering any documentation that is required from you or our records, making sure it is correct, make any necessary adjustments if it is determined it is in your best interest, submitting in a proper format to CRA.

 

We are now able to electronically submit documentation which gives us another level of assurance that they got it, eliminating a lot of questions regarding did they get? How long will it take? Or “they” lost it.   You will always maintain the option to do it yourself, however there is often thousands of dollars on the line and we feel it best to invest in some professional service and protect your tax file for the year in question and by responding in a good manner, this often helps reduce future requests, so it protects you from future audits, not always, however from our experience, it often does. Often it can take longer to respond to even what I consider the simplest of tasks than it does for us to do someone’s tax return.

 

With 30 years’ experience, I use the words “simplest of task” from that perspective. To help you and our office, I have trained my team to help in this process. Everyone has different charge out rates and various experiences, so depending on the request from CRA and what they require, we will have the appropriate person work on your file and review with me to make sure that your tax file is protected.

 

“Thinking is one thing no one has ever been able to tax.” ~ Charles Kettering

 

CLARIFYING OUR “Dang It” POLICY

Every once in a while, we will make an error. No one wants to admit it, however I will. Frankly we are humans, and despite all our experience, and all the steps we take to make sure we input the correct information, it can happen. A number gets transposed, or put in the wrong spot, or gets missed… just being human. Last year it happened a few times, and worked out to be 0.25% of our work load. Property taxes vs rent happened on a couple this year, so if you’re getting too big of a trillium benefit let us know right away and will double check, it’s a very tiny box on our forms.

 

When any error happens CRA will probably pick up on the error and adjust it right away. Sometimes it takes longer, and they ask us or you to clarify, or they will send out a reassessment if they are sure they have the correct information. When this happens, we will do the necessary professional work to correct the problem at no cost to you, sometimes it is what it is. Always let us check whenever you get something from the government. Taxes are a big web and one thing leads to another, and CRA doesn’t usually connect the dots, especially if it is in your favor. We will look at the big picture and pursue it out of principle for you, because we take a lot of pride in what we do.

 

If we made the error, I will give you a credit on your tax returns for any interest you are charged related to the error we made, up to the time it is discovered and corrected. You are responsible for any tax owing, as you would have been if there had been no error in the first place. When the error comes from missing information that we did not receive, you are responsible for interest and taxes payable. Depending on the work required, we often waive the professional fee to clarify the matter, however, there are times when it takes a lot of work and it falls under our CRA contact procedure policies, and while we appreciate your business, unfortunately our staff do not work for free.

 

We feel there is value in knowing when you have had contact from CRA, as it triggers future questions for us next time we file your return (i.e., where is that tax slip from the bank?) You do not want to be missing stuff, because after just a few things missing with CRA, they can classify you as a delinquent filer, not reporting all your income, and when you miss something next time they penalize you in the future for forgetfulness. They call it the “repeated failure to report income penalty” and the numbers can get crazy. The government has implemented some changes for income under $500, but above that it is crazy expensive, (just google it you will see what I mean, various calculations), and it takes about 3 years to get off that list, so we will do everything that we can to keep you off the list in the first place, it’s not good for you or us. You may never see it, but rest assured that we take a lot of care and due diligence, so this never or rarely happens. However, if it does, I just want you to know in advance what we will do so you’re not left hanging and wondering. Our staff have clear direction to answer any questions that come up and implement a timely solution. That being said, we encourage you to check over your return, I think it is important that you understand your finances and how things generally work, and CRA makes it quite clear that in the end you are responsible for your taxes, so, if there is something missing, you have the responsibility to bring that to our attention, and we will adjust it. We will do our best to have it correct the first time, but if we made a human error, we welcome the opportunity to get it right. Jim Rohn said, “Accuracy builds credibility” and we are just keeping it real because we are here to serve you and your family and we look forwarding to having a long term relationship that is beneficial to us all. Our greatest compliment is when you refer others to us, it says a lot and is frankly how I prefer to do business.

 

Henry Ford once said, “Coming together is a beginning; keeping together is progress; working together is success.”    ….. Thanks for continuing to work with us, your business and friendship over the years is sincerely appreciated.

 

We Like to Be TAX SMART

Things are always changing, yet our goal remains as always, to get you the highest refund possible and minimize your tax burden. Working with us has many other benefits as we are a full-service firm with many options available to service your needs.

 

We encourage you to be Tax Smart; Some new things to be aware of this year

 

  1. The sale of a residence must be reported on your taxes , since 2016
  2. The Seniors Pension Split is still available and we do not charge extra for that service
  3. We do not charge extra for e-filing, it’s now law that we e-file your return, and saves us time and postage, so we are not going to charge extra for that like some places do.
  4. Our basic fees are up on average 20% over last year, we have held off increases for several years now, unfortunately inflation continues to impact all of our cost of operations and we had to make an increase this year to reflect these realities.
  5. If you owe money, we can now setup a preauthorized payment for you with CRA, since 2016
  6. If you have a business or employment expenses there is great tax benefits, providing you keep track of things properly. One area that we continue to see deficiencies is in logging mileage. Please make this a habit, it is so very important to do this and protect your deductions. If you’re not doing this currently start today. I got an APP on my phone called MileIQ it works pretty good and is worth the deductible investment. There is others as well or the standard write it in a little book works as well, the important thing is to do it so you have the proof, document, and document.
  7. Fitness and Art credits are no longer a deduction
  8. Transportation credits ended June 30th last year, however if your 65 or over there is a seniors public transit tax credit in Ontario.
  9. Tuition credits and transfers from the kids are calculated a little different this year
  10. There is a number of other items that may impact you, please let us know of any questions you may have regarding your situation.
  11. Bonus …If we are not already friends on face book, be sure and send me a friend request, I post a lot, and there are many articles there that can save you money, create wealth, and encourage a more reflective life, but more than that, I just like connecting and even if it is just to wish you a happy birthday, that is worth it all. Many connect with me by private message as well, it’s a good way to communicate. We also have a couple pages setup, one for Timothy Ross & Associates which has a purely business related focus and a new one for Brock Shores Financial. Be sure to like it, and if you want adventure, do check out “Be The Adventure”.

 

 

PAYMENTS & FILES

Payments can made by cheque, cash or e-transfer. Our fees are based on the complexity of your tax return(s) as well as you’re your monetary situation. If you have a file you have dropped off or previous paper work that we have been holding, please be sure to pick it up once your taxes are done. Unfortunately, we do not have the space to hold everyone’s files for consecutive years.

 

Wrap Up

We value you, and we look forward to serving you once again this year. We hope you appreciate our name change and welcome our new staff as we build our service. We aim to bring value to your life, family or business. Please see the attached document introducing you to some NEW hydration that may improve your everyday living! Be sure and journey down to O’Mally Kourt & Fudgery at 55 King Street West Brockville , grab yourself a cold one and #BeTheAdventure

 

A little story about #ImprovingFutures , when we were working on the name change, I had a spot on the business card and it was calling me for some text, so I gave it some serious thought and I asked “What do we ultimately do for people ? After some reflecting we decided that Improving Futures is really what we do at the end of the day, then Megan said, “Put a hash tag on it”, and that is what we did.

 

PS: We are working on a new website, we have a lot of articles there already, we encourage you to simply check it out. The site is being setup as a member driven community site, so we encourage you to become a member while you’re there. www.ImprovingFutures.ca will take you there. It’s value will grow with time and as a member you will certainly hear about stuff first.

Looking forward to hearing from you; Call, Visit, and/or Email 24/7

  

Thank you

Timothy Ross

advisor@timothyross.com

Brock Shores Financial – Formerly Timothy Ross & Associates

www.BrockShoresFinancial.ca #ImprovingFutures

"Where Client Goals Become Our Goals" ®

"Helping Families Achieve ... Life's Major Goals" ®

 

OMEGA STEWARDSHIP ®

* One Stop Process Driven Approach for Retirement & Income Planning

* Personalized Tax Management Solutions for Individuals & Business Owners

* Confidential Wealth Management Solutions

 

Family Office providing Insurance Products in Association with Financial Horizons Group

Family Office providing Mutual Funds in Association with Professional Investments (Kingston) Inc."

Family Office providing Tax and Consulting Services

 

“Good timber does not grow with ease. The stronger the wind the stronger the trees” - John Willard Marriott

 

“We will receive not what we idly wish for but what we justly earn. Our rewards will always be in exact proportion to our service.” ~ Earl Nightingale

 

“The best way to find yourself is to lose yourself in the service of others.” ~ Mahatma Gandhi

 

“Be wary of strong drink. It can make you shoot at tax collectors... and miss.” ~ Robert A. Heinlein

 

“Here's to the crazy ones. The misfits. The rebels. The troublemakers. The round pegs in the square holes. The ones who see things differently. They're not fond of rules. And they have no respect for the status quo. You can quote them, disagree with them, glorify or vilify them. About the only thing you can't do is ignore them. Because they change things. They push the human race forward. And while some may see them as the crazy ones, we see genius. Because the people who are crazy enough to think they can change the world, are the ones who do.”

~ Rob Siltanen

 

“Never doubt that a small group of thoughtful, committed, citizens can change the world. Indeed, it is the only thing that ever has.” ~ Margaret Mead

 

“Be the change that you wish to see in the world.” ~ Mahatma Gandhi

 

"The beauty of being in business is that your business engages all aspects of your mind, I think that is why you become successful, business challenges you to be more than you are, and that is where the miracle takes place." ~ Timothy Ross, May 2004

Read more…

Real Estate Bubbles

http://www.visualcapitalist.com/real-estate-bubbles-8-global-cities-risk/

 

Great article on Real Estate Bubbles around the world.

The bank highlights Toronto as the biggest potential bubble risk, noting that real prices have doubled over 13 years, while real rents and real income have only increased 5% and 10% respectively.

However, the largest city in Canada was certainly not the only global financial center with real estate appreciating at rapid rates in the last year.

In Munich, Toronto, Amsterdam, Sydney and Hong Kong, prices rose more than 10% in the last year alone.

Annual increases at a 10% clip would lead to the doubling of prices every seven years, something the bank says is unsustainable.

Read more…

EFILE Startup Feb 26 2018

EFILE system is currently closed for personal tax returns and will re-open on Monday, February 26, 2018 at 8:30 a.m. (Eastern time) for the electronic filing of our clients 2014, 2015, 2016 and 2017 initial personal income tax and benefit returns and 2015, 2016 and 2017 amended T1 returns.

https://www.canada.ca/en/revenue-agency/services/e-services/e-services-businesses/efile-electronic-filers/efile-news-program-updates.html

 

EFILE Helpdesk Support

https://www.canada.ca/en/revenue-agency/services/e-services/e-services-businesses/efile-electronic-filers/efile-helpdesk-support-t1-returns.html

Sudbury Tax Centre
1050 Notre-Dame Avenue
Sudbury ON P3A 5C1
Local calls: 705-670-6499
Long distance calls: 1-800-361-6283
Fax: 705-670-6500 or 1-855-338-5495

Eastern Time

7:00 a.m. to 4:30 p.m.

 

The following services will still be available after January 19, 2018:

  • Corporation Internet Filing for Corporation Income Tax (T2) returns. 
  • Electronic filing of Form T1013.

Note:  You must use the current-year version of the tax software to electronically submit the 2016 form through the T1013 transmission web service until 8:00 p.m. on Friday, February 9, 2018. When the T1013 web service re-opens at 8:30 a.m. Monday, February 12, 2018 it will only accept the 2017 version of this form.

 

Read more…

The Goose That Lays The Golden Eggs

www.thefinancialfairytales.com/blog/about/

A great blog on finances from the UK. 

I found this resource when I was searching for the story about taxes and how taxes relates to the care and feeding of the golden goose and how that goose does perhaps eat too much. Jim Rohn spoke about it back 1993 when I first met him.  The text is below and a link to the article that inspired the search of the memory bank. ~ TLR

Jim Rohn on Taxation – The Goose That Lays the Golden Eggs

One of the original Financial Fairy Tales – The Goose That Lays The Golden Eggs tells the tale of a farmer with a steady and reliable stream of passive income. Sadly he gets greedy and ends up killing the source in the search for instant gratification.

In this article, one of my mentors Jim Rohn uses the Golden Goose story to discuss taxation. Here’s what he had to say:-

I realize that the topic of  taxes may seem like a strange place to begin the discussion of creating wealth.  And yet throughout our lives, whether young or old, we must learn the necessity  of paying taxes. And as soon as they have any money at all, our children, too, must  learn that when they spend money they immediately become consumers. And all consumers  of goods and services, no matter how young, must pay taxes. Why?

Because we have all agreed  to live as a society, and for that society to function properly, there are some  things we cannot do for ourselves alone. For example, we cannot each build a piece  of the street. The machinery would be too expensive, and it would take too long  to learn how to use it. So we have a government. And a government is made up of  people who do things for us that we cannot or do not want to do ourselves. Because  the streets, the sidewalks, the police, and the fire department must all be paid  for, we’ve agreed to add some money each time we buy something and give it to the  government.

We then move on to federal  taxes. Here is a good way to explain federal taxes. I call it “The Care and Feeding  of the Goose That Lays the Golden Eggs.” It’s so important to feed the goose-not  to abuse the goose or tear off its wings-but to feed and care for it.

What’s that you say? The goose  eats too much? That’s probably true. But then, don’t we all eat too much? If so,  let not one appetite accuse another. If you step on the scales and you’re ten pounds  too heavy, you’ve got to say, “Yes, the government and I are each about ten pounds  too heavy. Looks like we both eat too much.” No question about it. Every appetite  must be disciplined-yours, mine, and the government’s. Hey, we could all go on a  diet!

My mentor, Mr. Shoaff, urged  me early on to become a happy taxpayer. Now, I must admit it took a while, but I  finally did become a happy taxpayer. Part of this transformation occurred when I  began to understand the function of taxes and that it is right for everyone to pay  his or her fair share.

I finally decided I didn’t  mind picking up my share of the tab for defense. It’s so necessary for our safety  as a country to keep the bullies away. Some people say, “Why bother with all that  expensive equipment? They won’t come over here.” Obviously, those people haven’t  been reading their history books.

Others say, “We’re not about  to pick up the tab for defense.” Well then, I suggest they go to a place which doesn’t  offer defense as part of the package. If one is going to enjoy the benefits, one  should pay a share.

Now, let me add this: Don’t  pay more than you should. By all means take advantage of the incentives. They were  given to you as a reward for channeling your money into areas the government thinks  helps the economy.

All I’m saying is that when  everything has been computed, all legitimate deductions have been taken, and you  reach that last line on your income tax form, whatever the amount, pay it. And pay  with happiness, knowing that you’re feeding the goose that lays the golden eggs-the  golden eggs of freedom, safety, justice, and free enterprise. Some goose! Some eggs.

https://www.fraserinstitute.org/blogs/ten-year-end-facts-canadians-need-to-know

And while here, check out the think tanks other thoughts, I am sure there is some gold nuggets in there !

Bonus ... Goose or Eggs https://www.youtube.com/watch?v=xjF2SvzlOm0&list=PLhhVyaUmOQupT95UiO_74c0-wATcRxceV&index=15

Read more…

Dragon & Shark Tips on Saving

https://www.msn.com/en-ca/money/personalfinance/mark-cuban-the-3-best-tips-to-save-more-money-in-2018/ar-BBHolyp?li=AA54rW&ocid=spartandhp

1. Ditch the plastic

2. Watch your spending

"Be a smart shopper," Cuban tells CNBC Make It.

"You will quickly find that the greatest rate of return you will earn is on your own personal spending," he writes on his blog.

3. Put your money to work

All that money you didn't spend? "Once you have at least six months salary saved, put what you have saved to work, get it invested

Check out Kevin's video on coffee! 

Now when I was at Quick Books Connect in Dec in Toronto, Bruce was one of our guest speakers, I was one of the last to get a picture with him and I was not on the list, now Bruce was a gentleman and waved me over, as the QB Team clicked for us, he said, I seen you in the front row while I was presenting and he thought to himself, there must be a story behind that beard, they don't grow overnight, I assured him there was and perhaps I would be able to share it with him someday. ~ TLR 

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Start Fresh

https://www.youneedabudget.com/why-starting-fresh-isnt-giving-up/ Great article on budgeting, even greater concept, to start fresh vs starting over. Enjoy the article, I am looking at this budgeting tool and others. Any feedback from others is appreciated. TLR https://www.youneedabudget.com/why-starting-fresh-isnt-giving-up/ Quick word association quiz: What’s the difference between “starting over” and “starting fresh”? One of them feels pretty heavy, doesn’t it? A little bit like failure: “You mean, I have to start over?!” I’ve had this thought part way into countless projects renovating our “antique” home. It’s come up in one or two conversations with my kids about homework. But a fresh start? Almost liberating, right? “Today, I have a chance to start fresh.” Deep breath. Ever start a new job? Go off to college? Wake up to a new day after an argument the night before? Start writing this blog post for the second or third—OK. fine—fourth time? Each one a fresh start. In the last seven years, I’ve had five different budgets. The first time I started a new one, it felt like starting over. But I’ve since approached it differently—a fresh start—an opportunity to learn and improve every time. Read on the link for the rest of the story
Read more…

Another Seasons Promise

https://www.playwrightsguild.ca/play/another-seasons-promise

I was reading a story  in the Ontario Farmer this evening about Keith Roulson and his career and life events. I came across this part that spoke about the farm crisis in 1980 with the high interest rates and the impact that had on so many farmers and how they lost their farms because of this.  Interest rates peaked at 23% and it was crippling , it was a painful, too painful at times.  This kinda hit home as I was one of those farm kids that was effected by this. I don't know the full effect it actually had on my mental being, since I am reminded about it, I plan to reflect on this and let it touch me once again and grow and deal with any ill effects it had. In the mean time, I'm going to find out some more about this play and seek  some peace in my heart regarding that time of my life and my parents life and my siblings lives. As the paper said, peole cae to watch the play as " they needed to unload this" .

Some other words of wisdom gleaned from the article.

Keith learned that people were more likely to support something that was community owned than an enterprise owned by n individual. He raised money for a new paper by selling shares to community members, many of his sales where considered simple donations for their community than an investment. 

He understood what was good about rural life and he did what he could to protect it. 

He was driven to maintain small papers and a rural voice in the face of a hostile world. ( remind me of the small Amish newsletter my dad subscribes to ) 

After 50 years he has stepped away from managing the magazine "The Rural Voice"  , thinking I should check that one out, I do not currently get it. 

City life did not appal to him, he missed being surrounded by nature. 

A strong interest in farming and admiration for what farmers do.

www.northhuron.on.ca/rural-voice

www.northhuron.on.ca/subscriptions

https://books.google.ca/books?id=wIRI2PDEEyQC&pg=PA7&lpg=PA7&dq=another+seasons+promise&source=bl&ots=vjHgOPfSoF&sig=qy-I2IZLn1FYiitRKqiYwjsGMfE&hl=en&sa=X&ved=0ahUKEwjM4-brqKbYAhUE2oMKHWwQBhkQ6AEITTAH#v=onepage&q=another%20seasons%20promise&f=false

The Field Behind The Plow 

https://www.youtube.com/watch?v=PUM8mXJre1c&index=31&list=PLhhVyaUmOQuq-3ZjWsulDtaPt02fRFC0B

Stan Rogers – Field Behind The Plow Lyrics

Watch the field behind the plow turn to straight, dark rows
Feel the trickle in your clothes, blow the dust cake from your nose
Hear the tractor's steady roar, Oh you can't stop now
There's a quarter section more or less to go

And it figures that the rain keeps it's own sweet time
You can watch it come for miles, but you guess you've got a while
So ease the throttle out a hair, every rod's a gain
And there's victory in every quarter mile

Poor old Kuzyk down the road
The heartache, hail and hoppers brought him down
He gave it up and went to town

And Emmett Pierce the other day
Took a heart attack and died at forty two
You could see it coming on 'cause he worked as hard as you

In an hour, maybe more, you'll be wet clear through
The air is cooler now, pull you hat brim further down
And watch the field behind the plow turn to straight dark rows
Put another season's promise in the ground

And if the harvest's any good
The money just might cover all the loans
You've mortgaged all you own

Buy the kids a winter coat
Take the wife back east for Christmas if you can
All summer she hangs on when you're so tied to the land

For the good times come and go, but at least there's rain
So this won't be barren ground when September rolls around
So watch the field behind the plow turn to straight dark rows
Put another season's promise in the ground

Watch the field behind the plow turn to straight dark rows
Put another season's promise in the ground

 

Read more…

Kevin Advice

Kevin O'Leary love him or hate him, he has some great experiences and advice

Kids and Money thoughts

The dead bird under the tree is the one that never learned how to fly, so are you a dead bird or are you going to learn how to fly.

Thoughts on allowances, work for kids, learning lessons , equate the value of money to time worked , time and money are interlinked 

https://www.msn.com/en-ca/money/video/what-convinced-kevin-oleary-to-financially-cut-off-his-kids-after-college/vi-BBFyG38?refvid=BBEYZ3M&OCID=ems.display.welcomeexperience

I am reminded of my brother in law to be and what he has set up with his kids to earn money, it kinda neat and inspiring. 

Read more…

Register for Card from Loblaws

https://loblawcard.ca/

https://www.theglobeandmail.com/report-on-business/how-to-receive-a-25-loblaw-card-after-bread-price-fixing-arrangement/article37392332/

Loblaw discovered that Canadians were overcharged for the cost of some packaged bread products in their stores and other grocery stores across Canada. In response, they are offering eligible customers a $25 Loblaw Card, which can be used to purchase items sold in our grocery stores across Canada.

Registration for the Loblaw Card Program will open on January 8, 2018. Please check back then.

In the meantime, you can also provide your email address to receive a notice once registration has opened.

I have registered all our team for this, I encourage others to get registered and when the account opens up, Loblaws will send you the details. For our firm that works out to $150 in cards. 

Read more…

Living on A Knife's Edge

https://www.youtube.com/watch?v=2wseM6wWd74&list=PLhhVyaUmOQupT95UiO_74c0-wATcRxceV&index=13

Interesting video on how our cells stay young. Some great lessons to learn here in biology from the research in Pond Scum.

Health Span vs Disease Span  ... 

Do you have control over the length of your telomeres ?  Chronic stress effects , seeing things in a new light, seeing into the lives of the real people, the effect on  people who get worn down, the patterns.

The longer in a tough situation and the more you perceive your under stress the shorter your telomeres and the quicker your untimely death will occur. Interestingly you can change that through thought perception, so there is hope.  Be resilient to stress, a day in, day out, challenge, so you can control how you age way down to your cell level by how you feel about it, good attitude results in better aging process. Improve attitude, it matters, negative thoughts creeps up cortisone and damages your telomeres , vs a challenge to tackle where the blood flows and it is good, bring it on and you do just fine. 

You have power to change what is happening to your own telomeres. Factors outside our own skin, social , as early a childhood, all impact your telomeres and have a  long term effect We are interconnected, we can impact our own and others. 

What legacy will be have , will we invest in the next generation and what will that impact have on maybe the whole world ?

Are you curious, how will you make a difference?

Now you can protect your telomeres and how will you make sure the world invests in curiosity for the sake of the generations that come after us?

Good questions, now what are we going to do? For me, I am going to nip those negative thoughts with positive solutions. ~ TLR 

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Sleepless Govenor

https://www.wealthprofessional.ca/market-talk/these-are-the-biggest-fears-for-the-canadian-economy-235530.aspx Things that keep the govenor awake at night One thing he said was that young people just starting need jobs and without those jobs they can get stuck right from the Get go. I had an idea, stewardship thought moment. The government should make a job for every young person for their first job, give them the experience of having a job, limit it to at least a year, and have a lot of young people with a good first job, launch them into the world with a good foundation, bring the age down for the permanent positions to make room for our young people and redeploy these people into industry and other services. Stabilize, Train, Encourage, Launch A little utopia idea , I think it could have merit and would increase the value for society as a whole - TLR
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Seeding Inovation

Great article from James Allan, enjoy and check out his other articles on his blog -TLR http://shmconsulting3.blogspot.com/ Sow the Seeds of Innovation During the Holidays The holiday season is a great time to sow the seeds of innovation. Your mind is able to wander with the days off. You can get out of the normal routine of work, rest, work, rest. You get to meet people from different industries when family and friends come over. They may share stories of their work life that have been very successful in their industry. If you have children and/or grandchildren, you can spend more time with them as school lets out for a few weeks. They have lots of crazy ideas and a different perspective on the world. You may be able to travel, and leave your day-to-day existence behind. Get caught up on reading or whatever other hobby you need to catch up on. All of these opportunities are available to help you imagine a different way of doing things, and perhaps disrupt your industry. In order to take advantage of these opportunities, there are several steps you should take: Let your mind wander. Take your mind off of work. While this may seem counter-intuitive to many, the best way to come up with new ways of doing things at work is to explore non-work activities. Be in the moment during the holiday season. Leave the office behind for as much of the day as you can. It will still be there after the holidays. Reflect for a few minutes a day. Think about what the day has included, and perhaps ponder some ways of improving things at work, whether it be new products, new services or new processes. Record your thoughts. As you are reflecting, and perhaps coming up with Maybe's and What If's, write them down. Type them in your laptop. Use an audio recorder. Do whatever it takes to capture what your imagination has come up with. Even recording a few day’s thoughts will leave you in a great position to hit the new year with innovative ideas to improve your company’s business position. Have a great Holiday season, and see you in the New Year! Book Available Right Now Visit www.amazon.com, www.barnesandnoble.com, or your favourite location to order a copy of Infectious Innovation today! New Year Surprises While everyone has plans for the holidays, my plans include getting married! To celebrate, I plan to offer new things in the New Year. Watch for my next newsletter in the first week of January for full details. Contact Us Today Have some feedback? We love to hear what subscribers are thinking. Please reply to: james@shmconsulting.net
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Calculating Returns - Part 1

Calculating Returns

Calculating the rate of return of any investment or endeavor has many aspects to it. If we look at the financial there is a lot of moving parts. The deposits, the withdrawals, the purchases, the sales, the dividends, the interest earned, the expenses, the fund company, the dealer, the operating costs, the trustee fees, the HST, the GST, the broker fees, and the timing, it never all happens at the same time, every transaction weighted, balanced, accounted for over time, short times, long times, various times, changes in fund codes, fund companies, mergers of one with another ….. how do you calculate it all ? Well, here are the main methods that are standardized in our industry, the best practices, for real true returns. Have fun with the figuring. ~ TLR

”It is only when you watch the dense mass of thousands of ants, crowded together around the Hill, blackening the ground, that you begin to see the whole beast, and now you observe it thinking, planning, calculating. It is an intelligence, a kind of live computer, with crawling bits for its wits.” ~  Lewis Thomas

# 1  GAIN/LOSS CALCULATION EXPLAINED

The gain/loss RoR calculation is a simple formula and is not time weighted.

GAIN/LOSS SINCE INCEPTION (NET INVESTED)

Gain/Loss Dollars = MVE – (MVB + Net Invested)

Gain/Loss Percent = Gain/Loss Dollars

MVB + (Net Invested)

Where:

MVE = end market value

MVB = beginning market value

Net Invested = cash flow coming into an account – cash flow going out of an account

Note: This rate of return is being calculated since inception; therefore the market value at the beginning is going to be zero. Please see Gain/Loss Since… for entering a beginning date.

Assuming an account has the following values, the account rate of return would be calculated as follows:

Step One: MVB = $0

MVE = $12 514.97

Net invested = $10 000.00

MVE- MVB- Net Invested

= $12 514.97- ($0 + $10 000)

=$2 514.97

Step Two: Gain/Loss Dollars

MVB + (Net Invested)

= $2514.97

$10 000

= 25.150% (The Gain/Loss return is 25.150%)

GAIN/LOSS SINCE … (NET INVESTED):

This formula uses the same calculation as above, except rather than the market value at the beginning being 0, it would use the market value from whichever day you entered in the “Since” date field available in the report option screen. This would calculate a rate of return based on a time frame rather than “Since Inception” of the account.

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Rewire The Brain

https://www.theglobeandmail.com/report-on-business/small-business/sb-growth/how-complaining-rewires-your-brain-for-negativity/article31893948/ A great article on the effects of negative thinking and talking. Interesting the bridges that are laid down for the bad or the good. Reminds me of some Jim Rohn says. Look for them in the comment sections going forward. A merry heart is the ticket to a good life. Have a blessed day! Tim
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