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ideas (13)

TEDx Brock Shores Idea

https://www.ted.com/about/programs-initiatives/tedx-program

 

This would be a very cool opportunity should it be pursued. 

Lots of great content if you ever wanted to consider everything that should be thought about while organizing an event. 

 

If if we had a TEDxBrockShores  whatb would we have covered? 

 

What great innovative speakers would we want to present ? 

Perhaps my son Alex Ross and his work on Radon Detection systems.  

Perhaps , Greg Houldcroft and how he reaches the youth in the community

Newterra and how they have made the words water cleaner

Rotary and what it means to be a Rotarian, locally and globally 

Burnbrae Farms , innovation and family farm

Small business hero’s of our region 

Immigration and refugee 

Canada’s flag and the birthplace connection

Bruce Wylie , a community champion of philanthropy and air waves 

Bringing Ayo Home, the journey and the adoption heart

Dream Mountains Foundation, Shawn Dawson and his goal to climb the seven summits with purpose 

John Barclay, video art of the story 

Mental Health, Shelley McCaffrey 

Shelli Warren and the Leadercast local leadership dream and impact

 Mike Whitford, making the body work the way it was intended to

David Marshall, fastest snowmobile rider in the world, doing business around the world

 

 

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Homework Dec 28 2019

Let’s bring more value to our clients 

 

http://advisoranalyst.com/glablog/2018/12/27/dan-richards-how-to-be-the-most-valuable-advisor-to-clients.html/

#1 Trusted Advisor

- able to talk about the things that really matter the most 

- like, why your wealth matters

Reflecting ”it’s why we help families achieve life’s major goals”

#2 Network Access

- I have lived in this region for most of my adult life, I do have a large network of contacts in various areas that can benefit our clients should a need come up, we can connect you

 http://advisoranalyst.com/glablog/2018/12/28/dan-richards-how-to-be-the-most-valuable-advisor-to-clients-part-two.html/

 

#3  Specialization

- excelling in client segmentation is the hallmark of top advisors. Your able to demonstrate your core values in your stories that people can relate to. This brings value to the relationship. 

We have developed relationships with Family’s that have businesses. Those that have an entrepreneurial insight that in many ways flows from our tax business. We have a lot of legacy clients and referrals from this foundation built over the last thirty years. We need to get better at telling our story. We have reduced risk by providing SRI practices in our investment solutions and portfolios that use pension management asset allocation processes. Stable returns with less risk. All this reduces risk, providing confidence and word of mouth opportunities to share what we have done, all within a confidential environment. Our team continues to grow and specialize within the different areas we discover are important to Achieve Life’s Major Goals. 

 

Timothy L. Ross Family Advisor © , Since 1988

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 

Mutual Funds  through PEAK Investment Services Inc.

 Brock Shores Financial 
#ImprovingFutures

We help families plan and implement strategies to accomplish "Life's Major Goals"

  • Tax Smart Planning & Investing
  • Worry Free Retirement
  • Education of Our Children & Grandchildren
  • Quality Care For Our Parents
  • Meaningful Financial Help For Our Loved Ones
  • Meaningful Legacy

 

Markets - Tuna is basically on sale

 

 http://advisoranalyst.com/glablog/2018/12/28/a-bakers-dozen-reasons-why-stocks-can-tactically-rally-from-here.html/

 

Things that “could” happen

http://advisoranalyst.com/glablog/2018/12/28/kass-10-surprises-which-could-spike-the-market-5-in-one-day.html/ 

 

Reviewing my farm paper, I came across this resource and encouraging place #RootedInStrength http://www.domore.ag

What greater gift than the love of a cat. ~ Charles Dickens 
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Smoking Vice business

“Altria will pay a USD$2 billion bonus to Juul's 1,500 employees as part of the price for its stake in the e-cigarette maker. While that averages out to USD$1.3 million a head, actual payouts in the form of special dividends will depend on factors such as longevity at the company, CNBC says. The maker of Marlboro cigarettes is paying a total $12.8 billion for a 35% stake, valuing the California startup at $38 billion. Juul recently said employees can only vape outside company facilities to conform with laws governing the use of tobacco in the workplace. • Here’s what people are saying.

 

Wow, nice vice bonus  1.3 million average for 1500

Many may know, in our own area in Smiths Falls, Canopy Growth has created over 100 millionaires that work at this local company. I understand everyone that works there is a shareholder of some sorts. Those early employees got vested early and have benefited immensely for working their buts off and taking a chance on a new industry.

Employees investing in the company they work for is a very good thing. I see many examples of this happening with those that are public companies and some private companies. Good lessons here for private companies and employees to work towards.  

Tim

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Launching your idea - debt thoughts

Idea of the Day: When starting a new business, be careful about taking on more liabilities prematurely, says Lisa Unwin, founder of She's Back.

“I’ve just seen a fabulous business, run by two amazing, energetic, committed women, go to the wall because they ran up too many debts before the cash came in. I believe the term is overtrading. Don’t do it.”
Some inspirational thoughts 
Remember, follow your heart
https://youtu.be/a5SMyfbWYyE
Keep your affairs in order
Core principles  from Apple leader
https://youtu.be/eHzAtxW3TzY
Think different, Be The Adventure, Be Blessed, Be 
TLR
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Carbon Rebates #ForThePeople

The current manifesto for 2019 Carbon Tax redistribution. 

Plus some other thoughts from Mrs Tax 

https://www.spreaker.com/episode/16163500

https://www.spreaker.com/episode/16163503

Will add additional info in comments as sourced. 

Strategicly , I would like to see some requirement other than being a tax filer, and indirectly a voter to be eligible. Some sort of educational component. Perhaps a online course that teaches the basics of how to reduce our own personal carbon footprint.

Different levels gets you more of the credit or bonus credit if you click the box, I love this credit, Thank You Mr Trudeau.

For extra credit, the box that says , you got my vote, please redirect my rebate to your campaign.  You would then be eligible for an additional 75% tax credit on your redistributed carbon tax. 

I still like the find an easy Billion idea. Those Canadians that have left Canada to work abroad should all have to pay an annual tax. Fair is fair, they may not get a direct annual benefit from our Country, but we launched them. There should be a tribute for that. With almost 10% of Canadians living abroad, and a million immigrants projected need to fill vacancies in the work force, why not, let’s get a little return for our country’s investment in their beginnings. TLR

https://improvingfutures.ning.com/blog/how-to-find-a-billion-dollars

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How to find a billion dollars

https://www.wealthprofessional.ca/market-talk/canadas-tax-system-holds-business-back-costs-people-money-251503.aspx?utm_source=Pinpointe&utm_medium=20181205&utm_campaign=WPCA-Morning&utm_content=4D882C9C-D810-4168-B4E8-779653A9540C&tu=4D882C9C-D810-4168-B4E8-779653A9540C

Canada’s tax system holds business back, costs people money

 

"The report notes some key issues that should be addressed:

  • Canada's tax system does not align with international trends nor does enough to promote global competitiveness.
  • Canada's tax system needs to do more to help businesses grow and innovate.
  • Questions remain about whether or not Canada's tax expenditures are achieving intended goals at the right cost, but it is clear they do make the system more complex.
  • Canada's personal tax system discourages compliance in many cases, and there may be better ways to deliver social benefits more efficiently and effectively.

The full report can be seen at www.cpacanada.ca/taxsystem

 

One idea I thought about is on the personal tax side of the system. There is a lot of Canadian's not living in Canada anymore. Some are paying taxes, many are not. What the "are not" is I have not found out yet.

Here is some random thoughts and articles regarding the matter for future consideration and updates.

"People and politics, thank the good Lord we won the birth country lottery ! "

 2.8 million Canadians live abroad , I wonder how many making over 20,000 a year pay no taxes to Canada?

 

 

View of Hong Kong taxes  https://www.scmp.com/comment/blogs/article/1399900/2014-may-be-taxing-new-year-hong-kong-canada-dual-residents?fbclid=IwAR163LErNrNZrQvooX0YO3S4t1ry2FnmfWRHqrvY2Ot3v0z-W2NNooxRMAE

I think a tax no matter what your residency status should be considered. No doubt about it. Only exception would be those that were never in a hospital, seen a doctor, never went to a school. Parents never collected any form of social assistance. That’s probably enough nevers. Beyond that they would have some value for being born here before they had to leave.

https://www.cbc.ca/news/politics/grenier-polls-2019-election-1.4870074?fbclid=IwAR0o7iYPiKXhzMztOyWsDm8jHE2ubaKyScu0SQ7MrPRzE_B-vXjdYyAraIk

Thanks for sharing the article, looks like Scheer needs to work on getting more known .... “though a majority of voters no longer have a positive impression of him. But he leads Conservative Leader Andrew Scheer” perhaps the win on our local shores yesterday is a sign of things to come, in the meantime expect the cash flow to increase to grease the political economy, the kids can pay for it .... maybe , just maybe we should start taxing those who are non residents, living and working abroad, why should they have the benefit of access to our embassies if they get in hot water, need advice, or the luxury of returning if they get a better offer on our Country’s soil ? I think that would be a good conservative policy to implement. I was just thinking about this yesterday. It would be good for Canadians and business, we live in a global economy, it’s time to focus in on this little tax opportunity and reinforce our nations citizenship capital.

https://www.fraserinstitute.org/sites/default/files/authors/093015%20fig1rev.jpg?fbclid=IwAR3LyN61E2krWZrsgEqIdXY1X9FGExECScmQqEVdDanuzIrTctnCSt16r2g

So how many Canadians are living abroad not paying any income tax to their nation ?

surely a more effective way would be to close the loopholes that allow corporations to hide billions offshore to avoid taxation.

The CRA knows full well that countless large corporations are hiding money in tax havens abroad to avoid paying but they do nothing about it.

And for the record, Canadians working overseas do have to file their taxes, it’s just there’s a high threshold before they are required to pay taxes on it

 

The threshold should probably be dropped down to the middle class level, Fair is fair , you have to get the pennies from those that benefit

 

Like Ford, a little bit here, a little bit there and you get your budget back in line

 

you mean like, a little from the hospitals, a few nurses here, a few nurses there. A few schools here and there. A little from the poor, a little more from the poor. A little from green energy subsidization. Sell off some profit generating aspects of the government.

Back to the days of Mike the Knife Harris before we know it

 

No, if your a Canadian living abroad, you pay the same tax rate less what you pay in the country you live in, simple, effective, fair

 

fair in what capacity? Pay for services I can’t use? Pay 20-30% of my income to a government that isn’t providing any services for me? Then pay another 17% to the Korean government in income tax. Get real.

If that’s the case, are we going to see your men of the people Ford and Scheer go after corporate tax avoidance, their use of tax havens, and questionable loopholes to not have to pay their share? Cut the unnecessary and pointless subsidies they get from the government, which they pocket and do not re-invest.

There’s a better chance of the Green Party winning the next election than there is the conservatives (or liberals for that matter) go after their rich friends and demand they pay their fair share

 

Your a Canadian, that’s is worth a couple bucks a day in my books

 

2 billion dollars from those abroad every yr will help hire a few auditors for sure

You will get to vote as well, sounds like a bargain to me

this is a great idea, I am sure the Green Party and ndp will love it. It’s a bit socialist, but very capitalist at the same time, Canada invested in a person, they should get a return for that investment. Especially if that person win the birthplace lottery and found themselves getting the benefit of a doctor, school teacher, bus driver, born in a hospital, took a bus somewhere, drive a car over a bridge or on a 4 lane highway after it was plowed after a snow storm, they should pay a little back for winning that lottery. If they managed to get a decent job overseas , why they should pay at least a percentage of that extra just like everyone else that decided to stay. Alternatively, pay an exit fee , kinda like buying your pension back, you can scale anything and make it fair.

 

that system is already there. Canadians working abroad making a certain amount of money are required to pay back. Those who benefited from Canada’s services and high standard of living are asked to give back. Your idea is to lower the threshold and squeeze the smaller folk, which has always been the policy of the conservatives. Protect the wealthy, and crush the poor

 

Collect extra 2 billion dollars, that’s the goal

 

 from those who can afford it the least? Why not start by cutting our subsidies to those who have more than enough?

We give subsidies to corporations and the rich and instead of re-investing the money, they hoard it. As we’ve seen with GM, and in recent years, Heinz, Proctor-Gamble, Caterpillar, that regardless of how profitable they are, and the subsidies they receive, their greed will never be satisfied and they will abandon their workers

 

 Have tax laws and processes changed since the Trudeau government began, or are they the same as the Harper government's policies and laws?

 

Announcing foreign aid alongside celebrities is a long standing tradition. https://www.thestar.com/.../aga_khan_prime_minister... Yes...thanks that we can speak freely about attempts to politicize aid announcements, either by governments, or by criticizing governments.

 

If your confused about this article, don't worry, that is what we are here for :)

Timothy L. Ross Family Advisor, Since 1988

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 

 Brock Shores Financial 
#ImprovingFutures

We help families plan and implement strategies to accomplish "Life's Major Goals"

  • Tax Smart Planning & Investing
  • Worry Free Retirement
  • Education of Our Children & Grandchildren
  • Quality Care For Our Parents
  • Meaningful Financial Help For Our Loved Ones
  • Meaningful Legacy

 

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Pass me a coin please

“Ohio blazes the bitcoin trail 

Ohio isn’t known for being on the screaming bleeding edge of technology, but it’s now an early adopter of bitcoin. Yesterday, the 34th largest state in the US became the first to accept the volatile coin for tax payments. 

Speaking of crypto… Overstock sets a date to sell off its retail biz

After what feels like a decade of threatening to shelf their current business for crypto, Overstock’s CEO says he will finally shut down its retail business in February. And people are more bullish on blockchain than bed sets: Its stock surged 26% after the news.”

 

 

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Working From Home Tips

https://www.msn.com/en-ca/money/entrepreneur/ive-been-working-from-home-for-almost-10-years-—-these-are-the-6-tricks-i-use-to-get-more-done-in-less-time/ss-BBPEQ1L?ocid=spartanntp#image=7

 

Working From home tips

Some great ideas I came across

I encourage people to work from home if they can.

There is some good tax deductions that you can take advantage of as well. 

Tim

6. I cut myself some slack.

5. I log out of my email during a particularly pressing project.

4. I eat well.


In addition to helping you maintain a healthy weight, eating well helps increase energy levels as well as your ability to focus. What "eating well" looks like will differ to everyone, but for me it includes a lot of fresh vegetables, a moderate amount of protein, and a diet that's high in healthy fats and low in carbohydrates and sugar, which can cause crashes in excess.

3. I listen to ASMR videos on YouTube. ( I like this, I actuay invested in Premium YouTube so I can listen and work on my phone without it cutting out, speakers to hear better as well)

2. I get up from my desk at least once an hour.

1. I set a schedule.

 

Personally I work from home a bit, mainly when I am doing research and planning for my  meeting schedules and business planning.  Tips 2-3-4-6 are what I practice :)

Be blessed 

Tim

Word of the day  - Recalcitrant 

https://www.merriam-webster.com/word-of-the-day/recalcitrant-2018-11-13

Code for "Stubborn like a Mule " !

1 : obstinately defiant of authority or restraint
2 a : difficult to manage or operate
b : not responsive to treatment
c : resistant

Did You Know?
Long before any human was dubbed "recalcitrant" in English (that first occurred in the 18th century), there were stubborn mules (and horses) kicking back their heels. The ancient Romans noted as much (Pliny the Elder among them), and they had a word for it: recalcitrare, which literally means "to kick back." (Its root calc-, meaning "heel," is also the root of calcaneus, the large bone of the heel in humans.) Certainly Roman citizens in Pliny's time were sometimes willful and hardheaded—as attested by various Latin words meaning "stubborn"—but it wasn't until later that writers of Late Latin applied recalcitrare and its derivative adjective to humans who were stubborn as mules.

 

 

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Green Energy Thoughts

http://www.visualcapitalist.com/video-preparing-for-the-energy-needs-of-the-future/

 

After watching the video in this article a couple things strike me. 

In Canada we have the upcoming cap and trade swap of funds which I don’t see helping much. Then in  Ontario there was a massive addition to the grid of solar and wind which has been overpriced compared to fossil fuel to encourage development, but too much has been produced vs what is required, so this has beenreally messed up. A good thing has been tarnished. Perhaps I am kind and thinking this is a typical result when governments get involved. 

On the positive we have capacity and excess. 

However the government has missed the “find efficiencies “  part of the plan.

i heard yesterday how Ontario has to pay billions to get rid of the excess energy generated from our green solar and wind productions. 

I am reminded of  Jeremie Riffkins book and presentation a number of years ago about the hydrogen economy. How that would all integrate. That advice in the book has not happened to the best of my knowledge, or I have not seen it.  If it did and it should we would have a pretty amazing system amen stewardship of our green resources. 

Ontario government has just cancelled I believe over 700 new installation contracts as it has too much electricity and no way to store it. https://www.spreaker.com/episode/16149573

Money should have been invested into the storing as part of the Hydrogen Economy. Maybe it is happening someplace.  Let’s hope that vision gets resurrected and we move forward in this world.

That part of the production has to be realistically fixed before moving forward with more large scale green energy production in a perfect world. Saying that it should still be expanded. Would be good to find lower cost options for solar and wind as well. We all should be producing our own if and when possible. 

This is not my only thought on the matter, a simple observation. 

TLR

 

a windy sunny day

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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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