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Mortgage Rate Perspectives

 

PEAK Disclosure- pull up a table

I picked up a few used books that caught my eye in September when I was returning home from picking up a load of patio stones at our friend Dave’s. I was winding my way through the roads in Brockville and came across this garage sale that had moved up to free status , near the end of the day. Got a lot of stuff , and this morning I pulled these books out to take to the office for review. 

 

The first was The Devil’s Blade is Dull by Randy Tunney, from Athens, Ontario, Canada. A story of his life prior to being a prisoner in a Canadian penitentiary. The book was published in 2008. Looks interesting, his and his wife’s ministry at the time is Athens Gospel Mission. The website listed was www.free2live.org but that site does not represent this ministry now. Will have to do some research to see what’s happening now. 

 

Now the mortgage part of this is the little book from the Real Estate Association, written in 1984 , 25 years ago. 

The key take away here, it only went to 8% and the main tables topped out at 25% , that was the rates of the time.

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National Unity

Well, what can you do ? 

Interesting intro from Doug Ford 

 https://youtu.be/QCNOCey09lw

one thing I Think would be good, to Unite, get a better road happening that connects Central to West, we have a good connection to the East , lots of four lanes heading through the provinces to the Atlantic Ocean. 

 

So, the gaps need to be dealt with, four lanes across the North, expand 11, it’s a major infrastructure that needs to be doubled. Make it saver, and faster , let’s get the country connected . Ontario is the road block, the squeeze, open it up and let the traffic flow. 

With increased access through the North, acres of land is there, Economic opportunity, reasonable prices , the big clay belt, a place to grow, emigrate to. 

 

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ED Summit L&G Nov 2019

Economic Development Summit
 
Giant Tiger will lead keynote session
Three Giant Tiger company officials will take the stage at the 11th Annual Leeds Grenville Economic Development Summit to share with the audience the challenges and many wins they faced in building their world-class, state-of-the-art Distribution Centre in Johnstown.
 
Mike Quinn, Giant Tiger's V.P. of Warehousing and Distribution, John Hubbard, V.P. of Distribution Operations, and James Johnstone, Associate V.P. of Transportation, will talk about the implementation challenges at the large facility, what they learned and what strides they've made with technology and new processes in both Distribution and Transportation.
 
WHEN:  Friday, November 22nd
WHERE:  North Grenville Municipal Centre, 285 County Road 44, Kemptville
COST:  $30 (Light breakfast, lunch and snacks are included.)
 
For more information visit the Summit 2019page.
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Healthy Eating ImprovingFutures 101

 PEAK Disclosure - click for a feast of info

Great article , got some of them under my belt , a few more to work on, a basic frame work that we should get right, class 101, foundation stuff, get this and then you can tweek it for greater performance. 

Healthy Eating Habits

 

Simple advice, eat better, you will feel better, live longer, will add that to the list and sounds like a good place to be  #ImprovingFutures   

Always check out the comment section of my blogs for interesting articles that usually relate to the main blog article  on the topic going forward. Join the community and make some of your own reccomendation if you like, we can all learn from one another. 

Tim

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Agenda - Helping Business Valuation

PEAK Disclosure- click for value 

Tomorrow’s Agenda

 

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Business Valuation, Taxes & Everything In Between – What You Need To Know
 

In today’s business climate, understanding value and the factors that contribute to it are critical for companies regardless of size or industry, as well as their stakeholders and their trusted advisors. Ongoing changes in financial reporting standards, tax legislation and policies, legal and regulatory requirements (e.g., family law, shareholder remedies, securities, probate, etc.), debt and equity markets, the business law framework and case law have brought business valuations to the core of corporate decision making.

Spend a worthwhile PD Day with Melanie Russell to hear how and why her and her team of valuation specialists determine the value of business interests including various types of securities, derivatives and various ownership interests, as well as tangible and intangible assets and liabilities.

Melanie's approach is practical, efficient, insightful and logical, reflecting her team’s extensive experience in a variety of valuation situations including:

 

  • Tax-related valuations (planning and disputes): corporate reorganizations; income tax planning, filings and compliance; tax disputes; intellectual property migration; allocation of value on asset purchases; ESOPs
  • Financial statement measurement, disclosures and reserves; purchase price allocation; impairment testing; contingent tax liability estimates; financial instruments; ESOPs and restricted shares
  • Transaction-related valuations: corporate reorganizations; acquisitions/divestitures; evaluation of financing; Formal Valuations (MI 61-101); fairness opinions; pricing analyses; quality of earnings; disputes arising from transactions
  • Dispute-related valuations: matrimonial/family disputes (whether in litigation, alternative dispute resolution, or “kitchen table” negotiations); corporate/commercial disputes (e.g., contract disputes); shareholder/partner disputes; estate disputes; second opinions and critiques of other valuation reports; expropriations
  • Strategic valuations: succession/estate planning; income tax planning; estate planning; shareholders' agreement development and compliance; establishing management / employee remuneration; co-habitation agreements; business modelling.

 

Seminar Outline:      

 Valuations 101:

  1. Purposes of valuations
  2. Value definitions/reference points
  3. Generally accepted valuation principles
  4. Overview engagement considerations
  5. Basic valuation steps
  6. Valuation basics
      1. Principles
      2. Approaches and methods
      3. Common valuation adjustments
      4. Value components
        1. Cash flow
        2. Discount / Cap rates
        3. Redundancies
  7. Valuing equity directly vs. indirectly
  8. Case study



Valuations 201

  1. Issues specific to private companies
  2. Critical engagement issues
  3. Various key valuation issues
    1. V-date selection
    2. Reliability of financial info
    3. Projections/forecasts
    4. Personal goodwill/key person
    5. Economic value added
    6. Minority/lack of control discount
    7. Marketability discount
    8. Special securities
    9. Contingent liabilities
  4. Disclosure/required documents
  5. Valuation standards & levels of assurance
  6. Key valuation issues & common errors
  7. Expert reports
  8. Common problems with DCF
  9. Valuation issues relating to shareholders’ agreements
  10. Maximizing values
  11. Dealing with disputes

FMV from a Tax Perspective

  1. Purposes of valuation
  2. Keeping it simple - the basics of valuation
  3. FMV means what, exactly?
  4. Generally accepted valuation principles
  5. A brief technical review:
    1. Valuation approaches and methods
    2. Common valuation adjustments
  6. Valuation standards and levels of assurance
  7. Key valuation issues and common errors
  8. The practical side - is a formal valuation and/or an external valuator always required?

 

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What’s in the Wind

PEAK Disclosure - click to check the sails

 

“I can't change the direction of the wind, but I can adjust my sails to always reach my destination.”

Jimmy Dean

 

Common sense

freedom of speech

many important matters addressed 

a fresh perspective 

True Canadian values

 https://www.peoplespartyofcanada.ca/platform

I was against the idea of removing SM, I have expanded my perspective on this, we are loosing many farmers because of this, consolidation of production is making barriers that are resulting in fewer farmers , perhaps it’s time for a change 

Supply Management & Corporate Welfare

https://youtu.be/j5wu1ynnJ4M

 

https://en.unpacampaign.org/

 

World Government 

“The Campaign for a United Nations Parliamentary Assembly is a global network of parliamentarians, non-governmental organizations, scholars, and dedicated citizens that advocates democratic representation of the world's citizens at the United Nations. A United Nations Parliamentary Assembly, UNPA, for the first time would give elected citizen representatives, not only states, a direct and influential role in global policy.”

 

Leadedship at PPC raises the question about how deep is Canada in this, what is the Prime Ministers position on this.

https://youtu.be/5aV4A6GQCdQ

 

Question and Good point on Carbon Tax, reminds me that my tractor has a unit in it

https://youtu.be/HpIkkU7RL1k 

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Certified Executor Advisor - CEA

PEAK Disclosure - Click to Study

Working on the professional development course to become a CEA 

The first item is to review the foundation which supports everything, ethics and your code of coduct. I started my code many years ago, first it was 4-H, later Boy Scouts Leadership, when I started my business many years ago, I adopted the CGA codes for my practice, later it was CAIFA, Kiwanis, Rotary, Advocis, IFB and many more since then. Many of these hang on the walls of my office to this very day, they guides and remind  me and our team of the wonderful trust and care we aspire to.  ~ Tim

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Code of Conduct

Introduction

The Canadian Institute of Certified Executor Advisors (CICEA) Code of Conduct outlines the principles and expectations governing the conduct of its members.

Understanding and acceptance of this code is a requirement of membership in the CICEA.

CICEA retains the right and responsibility to investigate claims against its members and take appropriate action (as outlined below) while providing fair and due process to its members.

Rules of Conduct

1. Integrity

Certified Executor Advisors:

1.1  Will act in an ethical manner at all times.

1.2  Will not engage in anything illegal or anything detrimental to the best interests of the public or which harms the integrity of the institute and its members and affiliates.

1.3  Will provide all requisite due diligence without omission, misleading or false information.

1.4  Will, at all times, act objectively to the best of their ability, and in the best interests of the client.

2. Confidentiality

Certified Executor Advisors:

2.1. Will strictly protect client’s information at all times.  If there is any doubt as to the confidentiality of information shared, treat it as confidential until such time as the ambiguity is cleared. 

2.2  Will disclose their client’s personal information to third parties only with their client’s consent, or as provided for by law.  In such cases take all reasonable steps to inform clients of the imposed breach.

2.3  Will avoid public discussions or comments about clients that could reasonably be seen as revealing confidential or identifying information.

3. Competency

Certified Executor Advisors:

3.1. Will perform only those services for which they have the necessary knowledge, skills, and experience.

3.2  Will refer clients, in all other situations, to competent professionals in the occupations required by the client.  (Use the Find-A-CEA directory to locate CEAs by occupation and geographical region.)

4. Communication

Certified Executor Advisors:

4.1. Will provide timely communication in whatever means is preferred by the client, and based on the level of urgency perceived by them. 

4.2  Will provide clients with the information they need to make informed decisions, including disclosure of any conflicts of interest, and answer their questions to the best of your ability.

4.3  Will cooperate fully with the institute and provide timely and accurate information as requested.

Disciplinary Action

Certified Executor Advisors being reported to be or perceived to be conducting themselves in a dishonourable or questionable manner, may be subject to disciplinary action from CICEA.

All informal disciplinary actions are considered personal information as defined in Section 3 of the Privacy Act. As such, disclosure is governed by the Privacy Act and information is generally only provided to the parties involved. Informal disciplinary actions can range from counseling to reprimands.

When informal discipline is insufficient, a formal disciplinary committee will be convened to consider information provided by the complainant and the member, ensuring fair and due process.  Formal disciplinary actions may include reprimand, suspension or expulsion. 

Conclusion

The Code of Conduct is in place to protect the public, the institute and its members and affiliates.  Adherence to the code is in everyone’s best interest to provide the very best level of care for clients and ensure strong reputations and healthy business practices. 
 
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Business Books

PEAK Disclosure- check the ledgers out

 

Being in business means you need to keep books, for many that is a challenging place, almost like being between a rock and a hard place. Part of our Family Office suite of services is bookkeeping. Connect with us and let our team take care of this for you. 

Tim

 

 

https://www.knowledgebureau.com/index.php/site/kbr/how-accountants-and-bookkeepers-can-help-small-business-owners-reclaim-their-sundays?utm_source=Knowledge+Bureau+News+and+Communications&utm_campaign=f3cc38b4e6-EMAIL_CAMPAIGN_2019_03_26_07_09_COPY_01&utm_medium=email&utm_term=0_034531a9c0-f3cc38b4e6-62426657&mc_cid=f3cc38b4e6&mc_eid=98734827d4

 

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Charity Law 2019 Nov

Looking forward to attending this professional development conference once again. 
 
I will post highlights to this posting at the time of conference for reference in future. 
 
Tim
 
Thursday, November 7, 2019  8:30am - 3:30pm
 
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S.gif Register Now!
The 26th Annual Church & Charity Law Seminar™ is designed to assist churches and charities in understanding developing trends in the law in order to reduce unnecessary exposure to legal liability. Although the topics are directed at churches and charities, many aspects of the presentations will also be of interest to not-for-profit organizations.
The firm will be assisted by guest speaker Tony Manconi, Director General of the Charities Directorate of the Canada Revenue Agency.

This seminar is eligible for 5 hours Law Society of Ontario CPD and CPA Professional Development requirements.
 
The PORTICO Community Church
1814 Barbertown Road, Mississauga, Ontario

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Trucking Women

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Eye Care - Blink Blink Blink

PEAK disclosure, click for a peak

 

 

https://www.fastcompany.com/90416548/im-an-eye-doctor-heres-how-to-keep-screens-from-ruining-your-vision?utm_campaign=eem524%3A524%3As00%3A20191014_fc&utm_medium=Compass&utm_source=newsletter

 

First, follow the “20-20-20” rule. The American Optometric Association defines this rule as taking a 20-second break every 20 minutes to look at something 20 feet in the distance. This will allow your eyes to blink and relax. There are many apps available to help remind you to follow this rule.

Second, use lubricating eye drops before extended computer use. This tactic will reinforce the body’s natural tears and keep the eye’s surface hydrated. But avoid those “get-the-red-out” drops. They contain drugs that cause long-term redness and preservatives that may damage the outer layers of the eye. I have found that artificial tears labeled “preservative free” often work best.

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Water Edify

 PEAK disclosure, click for a peak 

Feels like Sunday, yet it is Monday, Thanksgiving, Canada’s Thanksgiving Day.

 

As I travel across Northern Ontario this morning I have had lots of time for reflection, and am grateful, thankful for all in my life. Driving through rain and snow, seeing the moon set, the sun rise and feel the coolness of the winter winds that are making their way across these lands. Listening to Joel Salitan speak about sustainable abundance , you get a lot of ideas. With brother John driving I am now able to catchup on my blogging. Roads are pretty good, dry now for the most part. Just had a delicious cheese bagel with sausage paddy, over hard egg with a slice of Swiss cheese, it was rather tasty. Washed down with a cup of Robins coffee. We ran out of bottled water, started the journey with a case from Walmart, and we drank the last one last night. Have not had a chance to visit a store to replenish, so I thought I would buy a couple bottles to hold us over.

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Well what a surprise , pricing was premium for sure.  $2.40  plus tax x two = $5.42 , now it’s a special beverage , spring water from Filane’s Spring Water, an oversized bottle 501 ml , so a little extra, usually you only get 500 ml.  Www.filanes.com  The Water comes from a 166 foot well in Screiber, Ontario located in Northern Ontario, amongst the Pre-Cambrian Shield.

 

There is a number of dissolved mineral salts.  I recognize some of them.

 

Na sodium

Ca Calcium

Mg Magnesium

Zn Zinc

K Potassium

Cu Cooper

 

The others

HCO3

CI

SO4

N

F

Pb

As

 

Now As is .002 PPM, parts per million

 

Vs HCO3 48.2  Parts Per Million

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Interesting business, spring water from a deep well. Maybe we should be bottling that good filter water at brother Luke’s well, we talked about the delicious water there being sold before.

 

People pay a lot for water, this is a perfect example.

 

It is good for you, Water is important, we need it in our bodies to live well. The minerals in the beverage help replenish the body and are needed by us. So beverages that have nutritional value are good to bring to the market place.

 

A little extra in the bottle, bakers dozen, going the extra mile. 1 ml maybe pushing the mile with that one.

 

Marketing, distribution, production, handling, retail profit margins, refrigeration, refreshment , a cool idea, gets your attention, ( now I didn’t have a choice, it was all they had available) perhaps if I had a chance I might have reached for the bottle out of curiosity) and simply just being there are key components to this making a sale .

 

Did you know that we pay more for water than gas ? Let’s take this example and do the math.

 

501ml @ 2.40 plus hst ( harmonized sales tax) 13%  ( 5 to Federal and 8 to Ontario government) =

$5.41 per litre, compared to gas at $1.20 per litre, it’s an interesting observation. Wholesale at Walmart say the cheap stuff at $4 a case = 47 cents a litre. If your paying a dollar for a 500 ml bottle, that’s $2 a litre. Yes you are paying more for water than you are gas, sometimes huge premiums.  One of the price points for Nature’s Energy Water is $3 per 250 ml, similar to Red Bull retail value.

 

Compare it to a Tim Hortons Medium coffee, I paid 1.76 plus tax , thinking it’s about 12 ounces , so that works out to $5.60  per litre

 

Bottom line, beverages cost more than gas or diesel even those in the far north were there is no internet service.

 

Coffee, Water , Gas, Diesel = Today’s Fuel , do the math , gas is pretty reasonable from this perspective. My advice, drink your own water and consider Nature’s Energy Water next time it is available, a premium beverage, that is Simply Refreshing !  Supporting fair trade, Canada’s true blue,  green national beverage, since the eve of time, an ancient hydrator filtered by nature.

 

As the lady at Frantz Restaurant said , perhaps it’s time to get your water business going bigger, people are ready to consume beverages that are better for them.

 Www.NaturesEnergyWater.com

 

October 14, 2019

The Power to Edify

“Therefore I write these things being absent, lest being present I should use sharpness, according to the power which the Lord hath given me to edification, and not to destruction.” (2 Corinthians 13:10)

 

The Greek word oikodomos (translated as “edification”) pictures the building of a house. We still use the word edifice to describe a structure of some importance. Paul specifically said he had the “power” to edify and later called himself a “wise masterbuilder,” an architekton, who laid the foundation on which we would later build (1 Corinthians 3:10).

 

When Jesus used oikodomos to depict those who might build their house on a rock (His Word) or the sand (the ideas of men), He was painting a picture of how we should edify each other (Luke 6:48-49). The various gifts of leadership are to be used to “perfect” the saints in the work of ministry (Ephesians 4:11-12), using the living “stones” that will build the “spiritual house” of God (1 Peter 2:5).

 

And like any good builder, the Christian carpenter has tools of the trade to assist the process. There are “things which make for peace” that must be employed (Romans 14:19). Most certainly “charity” is a major tool (1 Corinthians 8:1), along with good communication that does not “corrupt” the building work (Ephesians 4:29).

 

Since “all things” are to be done so that the church is edified (1 Corinthians 14:26), it surely follows that “fables and endless genealogies, which minister questions” are not helpful (1 Timothy 1:4). Effective communication demands that those with whom we are speaking understand what is said, hence a mysterious “tongue” does not publicly edify like prophecy does (1 Corinthians 14:2-4).

 

An “edified” church walks “in the fear of the Lord, and in the comfort of the Holy Ghost” (Acts 9:31). HMM III

 

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Global Retirement Attitudes

https://www.visualcapitalist.com/global-attitudes-towards-retirement/

 

interesting chart . Looks like most are not prepared and will have to work into retirement.  

 

Call us either way, we can help you keep on track, set some goals, and maybe help you dream and implement some tax smart strategies and give you some peace of mind.

 

Let’s make sure your making the right turns and are on track.  

No need to do this alone, we got you covered while you explore your life, the worlds gotten smaller. 

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BitCoin ATM at Steinbach Manitoba

Peak disclosure, please click here

 

First time I ever seen a bit coin ATM was this weekend near Winnipeg at the Frantz Inn. The Frantz Inn is apparently the only night club in Steinbach, Manitoba. It’s a nice looking place, we had good rooms for the night and very nice restaurant to dine in. Rates seemed reasonable at 99 for the night and included two $8 vouchers for breakfast.

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Www.frantzinn.ca

 

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Met a Manitoba MTO Forman after we got on the Trans Canada , apparently there is still homes west of Winnipeg that still are without hydro, lots of snow , and the area has been building in flood waters since early September, it’s been raining a lot, rivers are over their Bank’s most everywhere. Because it is so wet the leaves have not had a chance to fall off the trees yet in many places and that has contributed to a lot of branches breaking with the snow sticking to the leaves . We seen that in Winnipeg, large branches down everywhere. It was a mess. He knew the owners of the Frantz and was living in Steinbach, we greeted each other with Thanksgiving wishes and pleasant thoughts of driving safe . There is not too many people out traveling these roads today on Thanksgiving Sunday.

 

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Www.WinnipegBTC.com will get you info on the Winnipeg entrepreneur encouraging BitCoin in the region. Check out the pictures for the different conversion rates , great conversation piece and a precursor to the new currency. Reminds me that a bit coin exchange for maple and birch water transactions could be in the future as I have previously envisioned.

 

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 Now, what were you doing there ?  Well, picking up a claw for the South Coast Escape Company to be part of “The Capitol” escape room coming to our area soon. 

 

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Thanksgiving Snacks

well, I came across this in my mail this Thanksgiving morning and would like to try it. 

Yes is what I thought 


Timothy, do you ever find yourself craving comfort foods?

Well, if you’re anything like me, the answer is a resounding YES!

Especially around this time of year, as the days start to get shorter and the nights become chillier.

There’s just one problem, though: Many of our “fall favorites” are full of health sabotagers like lectins, sugar, and dairy.

All of which can leave you feeling gassy, bloated, and sluggish. And of course, they’re major waistline expanders.

But in my opinion, you shouldn’t have to deny yourself of the foods you know and love.

The good news is, all it takes is a little twist here and there to turn unhealthy comfort foods into HEALTHY ones.

So today, I want to share something with you. It’s a dish Penny and I make all the time.

It doesn’t have any lectins, dairy or excess sugar… so you’re not left with the uncomfortable “side effects” of a traditional comfort food.

Best of all, it’ll have your taste buds jumping for joy.

I’ll share the health benefits with you in just a minute. But my mouth is already watering — so why don’t I just give you the recipe right now.

It’s a little something I like to call:

Dr. Gundry’s Cheesy Roast Broccoli
 

Ingredients (Serves 4)
  • 4 cups broccoli florets (or 1 head broccoli, chopped)
  • ¼ cup extra virgin olive oil, divided
  • 2 cloves garlic, minced
  • ¼ tsp garlic powder
  • ¼ tsp ground black pepper
  • ½ tsp iodized sea salt
  • Zest of 1 lemon
  • ¼ cup grated parmesan cheese or nutritional yeast
Instructions
  1. Preheat oven to 400.
  2. Toss broccoli and HALF the olive oil together, and spread into a single layer on a sheet tray. Bake for 5-10 minutes, until broccoli is tender, and beginning to brown around the edges.
  3. Meanwhile, combine remaining oil with garlic, garlic powder, pepper, salt, lemon zest, and cheese/yeast.
  4. When broccoli is tender, remove from oven and drizzle with the garlic mixture. Stir, to flip broccoli pieces and combine well.
  5. Return to oven for an additional 2-3 minutes, until garlic is tender and cheese (if using) is melted.
  6. Serve hot or room temperature.


Now, this dish has a few incredible ALL-STARS when it comes to your health...

The first is broccoli.

Broccoli is filled with all sorts of vitamins and minerals. The standout is vitamin C. This powerful antioxidant can be a BIG boost to your immune system — which everyone needs around this time of year.

It’s also a known prebiotic fiber. So, it nourishes your “good” gut bugs. And as they start to crowd out the bad bacteria, you’ll quickly begin to notice fewer cravings, smoother digestion, and more energy.

Next up is, the “fat fighter.”

But you may know it better as garlic. Turns out, garlic contains a compound called allicin.

And the beautiful thing about allicin is it’s thermogenic. That means it raises your body temperature, which kick starts your metabolism to help you burn more calories.

Now that’s what I call a comfort food!

So, give this delicious dish a try tonight. I guarantee you’ll love it.

Looking out for you,

Steven Gundry, MD
Steven Gundry, MD

P.S. The holiday season is fast approaching. And with it comes a laundry list of foods that may taste great... but are also MAJOR “gut bombs.” That’s why it’s crucial to give your gut some added protection. One of the best ways to do that is with a daily dose of prebiotics. This special class of fiber builds your army of “good” bacteria so you can stay free from bloating, weight gain, and digestive troubles. I discovered a SUPER easy, 30-second trick to do all of that for you. (Best of all, it doesn’t require any cooking.)

 

had as a delicious breakfast this morning in Manitoba, great conversation with a young couple , spoke with them about Nature’s Energy Water , they think the time for that kind of beverage is upon us.  They were able to do a google search for me , Omega stewardardship Linked me up. 

 

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