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Washing Money

Washing Money, Money Laundering is a serious problem around the world. I have been taking courses on this annually on this as part of my investment license requirements.  This has the background for an interesting article some day. In the meantime will clip a few articles out there for research.

Here is the first one that caught my curious eye. 

https://www.theepochtimes.com/willful-blindness-experts-weigh-in-on-money-laundering-ccps-transnational-criminal-activity_4064197.html 

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Inflation and Assets

I don’t know, There is the transfer of trade component of Bitcoin type assets, , here is a gold person opinion, gold is not the only real asset, you need real assets that create jobs, profits, that is how you protect against and work with inflation, that’s a good thought, you work with inflation, own the bakery vs own the bread, and you should as long as you remain a profitable bakery Bible to buy more bread….. “You buy bitcoin because you think the price is going to go up. And who do you sell bitcoin to? Somebody who thinks the price is going to go up even more. But if people stop believing that the price is going to go up … who do you sell to?”

https://www.theepochtimes.com/seek-real-assets-not-bitcoin-for-inflation-protection-says-gold-bull-peter-schiff_4058767.html

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RIF & LIF Review

RSP/LIRA account holders who will turn 71 years old before December 31, 2021

In accordance with the requirements of the Income Tax Act (ITA) requirements, all RRSP and LIRA accounts must be transferred to a Registered Retirement Income Fund (RRIF) or a Life Income Fund (LIF), by December 31 of the year during which the client turns 71.

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Efile Association of Canada

We have been a member of the association over the years, I served as a director for a few years, was a great experience. 

 

 

EFILE CHANGES FOR 2021/22

  • * Full roll out of Multi-factor Authentication (MFA) system with optional Passcode Grid;
  • * Ability to electronically file previous year returns is expanding, now current year plus previous four years (up from previous three years);
  • * Years available for Auto Fill My Return is expanding;
  • * Change to T1 and T2 default method of correspondence;
  • * EFiling of T3 Trust returns begins;
  • * Use of Electronic Signatures for T183 continues for 2022;
  • Confirm my Representative system rollout;
  • * EFile opens Feb 21, 2022

https://efile.ca/home/

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Happy What !

Reflecting a bit, the other thing that bugs me, lol, really, lol , this woke agenda of being afraid to write or wish someone a Merry Christmas. I recommend that if you are going to take the day off, or buy a Christmas present, you should respect at least the name of the season. My recommendation is the following .... “ Wishing You a Merry Christmas , a Happy New Year and All The Best This Holiday Season ! “

Wrap that with a bow and it will be more uplifting and encouraging message of appreciation than Happy Holidays which is kind-a blah if you think about, assuming we/you are wishing to express a solid Christmas cheer, inline with the spirit of the season, and let us never forget the reason for the season, and yes Virginia, it's Jesus, .... Santa, time off work, meeting family, friends, rascals, turkey, pumpkin pie and making money are just along for the ride.

 

 

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KYP - Know Your Product

https://www.advisor.ca/investments/market-insights/firms-and-advisors-get-prepped-for-kyp

 

https://www.advisor.ca/investments/market-insights/firms-and-advisors-get-prepped-for-kyp

 

The industry is formalizing know-your-product processes

 

What to consider when assessing an investment

1. Structure and features such as complexity, transparency, uniqueness, basis of return, likelihood of achieving investment objectives, expected returns, time horizon, liquidity and use of leverage

2. Compensation or other conflicts

3. Risk

4. Initial and ongoing costs and their impact on performance

Source: Amendments to National Instrument 31-103

 

When it comes to products,

“You should be looking at all the benefits and features to make sure the investment you recommend is in the best interests of clients,” Rizi said.

“That’s what KYP is all about.”

 

In case your compliance cruising, full stop, see, read, digest disclosure  

https://improvingfutures.ning.com/blog/peak-dealership-representative-disclosure

READ THE FINE PRINT

https://improvingfutures.ning.com/blog/peak-dealership-representative-disclosure

 

 

  • KYC
  • RISK
  • Best Practices

 

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Thanksgiving Always

I get a variety of greetings for various holiday's, I kinda like this one received yesterday from Elaine Froese, enjoy, reflect ! ~ Tim

 

https://youtu.be/82HWmgS10PA

 

 

Hi Tiimothy,

FCC’s Rooted in Strength…taking care of our families and ourselves resource has a short article by Dr. Georges Sabongui that describes 5 simple ways to boost serotonin. Serotonin is sometimes known as the happiness chemical, a neurotransmitter believed to help regulate mood, sleep, memory and more.

Sabongui suggests we can build resilience by maximizing our natural serotonin levels with good sleep, smiling, sports, social contact face to face, and spirituality. He suggests spirituality is a connection to something bigger than ourselves.

As a woman of faith, my connection to God is a key factor in building resilience. At this time of Thanksgiving, I would encourage everyone, regardless of your worldview, to practice gratitude.

It’s been a tough 20 months, and we don’t know when the Great Pause is going to be history. I do know that counting our blessings, even when farming has been disappointing and cash flows are tight, we can still find things to be grateful for.

I encourage you to find a few soybeans, peas, lentils or corn kernels to put on your supper plate. Have everyone at the table mention 2 things they are thankful for in the past year. If people are super uncomfortable about sharing they can pass, and someone else who is brave might like to add a few things to encourage the silent person. (Read More)

 

Even in hard time, there is lot's to be thankful for, it's a good time to let the song touch you, a few good memories percolate in, so I invite you to shed a tear with me ~ Tim 

#ImprovingFutures  #BeTheAdventure

Verse I:
In the morning you sing over me
I receive your mercy
Your faithfulness is clear to see
Constant everyday

Pre Chorus:
Every breath I breathe an invitation
To believe you are creating something good
Though this season doesn’t tell my story
I know you’ll move mountains for me
You’re just that good

Chorus:
So I’ll give thanks to God
When I don’t have enough
Cause He’s more than enough
And He knows what I need

Verse II:
In the silence i choose to believe
You’re working in the waiting
Though the future isn’t clear to me
I trust you anyway

Bridge:
Why do I worry x3
God knows what I need

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