“Curiosity about life in all of its aspects, I think, is still the secret of great creative people.”
LEO BURNETT
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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?”
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.
https://www.advisor.ca/tax/tax-news/rrsp-rollover-into-an-rdsp-can-provide-tax-savings
https://extension.psu.edu/japanese-barberry
https://www.investmentexecutive.com/inside-track_/jamie-golombek/tax-efficient-resp-withdrawals/
https://www.canadiancattlemen.ca/features/financing-for-first-timers/
https://www.country-guide.ca/guide-business/when-is-a-good-time-to-incorporate-your-farm/
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
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.
Why do we do what we do ? That is the question, vs what you fu
a dollar a day , plus a little tax
the cost of having a EV powered at home
Tesla , base cost just under 45,000, with optons you can be in the 54,000 range
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
I get a variety of greetings for various holiday's, I kinda like this one received yesterday from Elaine Froese, enjoy, reflect ! ~ Tim
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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
https://youtube.com/watch?v=UFP17VekChQ&feature=share
http://www.canadian-accountant.com/content/practice/tax-clearance-certificates
Important Take Aways from Dale et al. v. The Queen
Tax results are sometimes determined by laws outside of the Income Tax Act or the findings of the Tax Court. How and whether a legal transaction is recognized for tax purposes often turns on the terms of any agreements and whether the common law and legislative provisions of the jurisdiction in which the transaction is made find the transaction to be valid. If the legal transaction is valid and properly documented under the laws under which it was affected, the CRA is required to also find the legal transaction valid unless it has statutory authority to find otherwise.
Implementing a Section 85 rollover does not require the share consideration to be issued at the time the property is transferred, or even within the same tax year. The rollover does require that there be sufficient evidence of the obligation to issue the shares and that the shares be issued within a reasonable period of time given the circumstances.
Lastly, this case is a reminder that previous errors are not always fatal to a taxpayer's situation. Depending on the nature of the error, our experienced Canadian tax lawyers can implement strategies to correct outstanding errors.
This situation may have turned out well for Bernard and Paul Dale, but getting that positive result required years of litigation, expense and stress which could have been avoided if the shares had been properly issued in 1985 as intended.
With over 30 years of experience as both a lawyer and chartered professional accountant, he has helped start-up businesses, cryptocurrency traders, resident and non-resident business owners and corporations with their tax planning, with will and estate planning, voluntary disclosures and tax dispute resolution including tax audit representation and tax litigation. Visit www.Taxpage.com and email David at david@taxpage.com. Read the original version of this article on Taxpage.com.
