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Ping No Or Yes

 

Ping, right in the email, another great encouraging message from Mark and Angel. 

Saying No, that must be the answer, saying Yes is sometimes a better option. Weighing those two choices is so important if you think about it.  Zoom Zoom  TLR

.......

Logically, you know it’s okay to...

  • Say “no”
  • Speak up
  • Tell the truth
  • Believe differently
  • Change your mind
  • Prioritize your needs
  • Learn from your mistakes
  • Embrace your imperfections
  • Forgive and seek forgiveness
  • Begin again, stronger than before

Yet, you often seek the exact opposite when life gets stressful and you’re under pressure.

You do the wrong things even when you know better.

Because your mind has so many little weaknesses. It becomes forgetful and insensible when it’s stressed.

 Get to there Website, lots of inspirational resources 

http://www.marcandangel.com/2018/11/04/teamwork-how-small-people-create-massive-life-changing-results/

 

make your own breakfast and cereal , a little extra work, with major investment in your well being, we literally ground the grains and pulled the ears off the corn stalks for this one

Make a major decision with confidence 

 Maybe it’s taking the time to build a fence to add some structure to your lot lines, Blessed by friends who help move the project along

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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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Christmas & New Years Office Hours 2018-2019

Our office at Brock Shores Financial located  in Tincap, will be closed starting Thursday  Dec 20th 2018, reopening Monday Jan 7th, 2019.

Some of the team may be stopping in from time to time during the holidays as we prepare for the new year in-case you see some activity. We will be monitoring our emails. From time to time. My email is advisor@timothyross.com  Please reach out that way and I will do what I can to help.  

Many of my team will be travelling and enjoying times with their family, close friends  or simply exploring the shorelines on their  adventures, and celebrating this beautiful season. 

Our investment Firm's head office hours are listed below, in case of an unplanned financial requirement for mutual fund business they are our backup team and available to take care of paperwork in our absence.

 Please contact me first and we will connect with our administrative folks if such a situation arises.

Wishing everyone a Merry Christmas and Happy Prosperous Peaceful New Year !

Timothy Ross, CEO & Founder

Brock Shores Financial

#ImprovingFutures

 

Thank you
Tim Ross, Family Advisor ®
Family Office providing Omega Stewardship ®
613-345-0016 Office 
613-213-4625 Cell/Text  advisor@timothyross.com
4502 Airport Road - Tincap
GTA Professional Center
Leeds Grenville, Brockville Region
Elizabethtown, Ontario, Canada K6T 1A2
 
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 Professional Investments 
 
Brock Shores Financial  #ImprovingFutures
 
Enjoy, Learn, Engage, Join our new online community at www.ImprovingFutures.ca
 
 
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Time of your life

https://www.fastcompany.com/90264324/13-hidden-pockets-of-daily-free-time-you-didnt-know-you-had-and-how-to-make-the-most-of-them

some great tips on a day time line

I use some of these myself 

This morning was our weekly Rotary meeting. It starts at 7. I was honoured along with Dave Paul with a Paul Harris award for our community service. It’s a great honour. 

Tim

Bob Castle spoke about my background and community service. It was good to hear. I very much enjoyed Dave Pauls story as well. Bonnie Burke introduced him and our club President Susan Brister and fellow Dream Mountains Foundation climber made Dave’s presentation. 

Time management tip, write a little review while having your lunch break while the idea and content is fresh in your mind. 

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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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Factors to consider

http://advisoranalyst.com/glablog/2018/11/23/during-market-drops-the-low-volatility-factor-has-outperformed.html/

 

Great article that speaks to the regularness of what we are experiencing this year.

 Everyone’s situation is different and how we process risk concepts is different. We often utilize this strategy to smooth out the risk so our clients do not worry during troubled times. ( from a media perspective) 

 

 

 

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It was once said

Came across this article this morning in LinkedIn, I think it is worth a little study. What would be said? Good question. - TLR 

 

 

Need career help? Start writing your own eulogy. When we imagine our own deaths, and even write drafts of the way we’d like to be remembered, we can examine our priorities and goals from a broader perspective. Executive coach Daniel Harkavy encouragesthe CEOs he works with to draft two eulogies: the one that would be read today, and another that encompasses all of their future achievements. Comparing the two can help you reevaluate how you are spending your time and the decisions you are making. • Here’s what people are saying.

 

here is the article 

 https://www.fastcompany.com/90266043/how-vividly-imagining-your-own-death-can-help-your-next-career-move

 

”In that 2005 Stanford commencement address where Jobs talked about the importance of realizing you are going to die, he also stated that, upon reflecting on his success, he realized “You can’t connect the dots looking forward; you can only connect them looking backward.”

Yet with the eulogy technique, now maybe you don’t have to wait until the end of your life to connect the dots. By changing your point of view and shifting your perspective from your present to your future, you’ll be able to see where you want to end up, and then know what steps you’ll next to take–what dots you’ll need to connect–to get there.”

 

https://www.youtube.com/watch?v=a5SMyfbWYyE&list=PLhhVyaUmOQupT95UiO_74c0-wATcRxceV

 

Music with a warrior’s beat 

https://youtu.be/IRyMoHJu-i8

 

there is a place for us

 

One Step At A Time!

”Be The Adventure”

 

Tim Ross, Family Advisor ®
Family Office providing Omega Stewardship ®
613-345-0016 Office 
613-213-4625 Cell/Text  advisor@timothyross.com
 
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 Professional Investments 
 
Brock Shores Financial  #ImprovingFutures
 
Enjoy, Learn, Engage, Join our new online community at www.ImprovingFutures.ca

 

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Once a week challenge

https://vimeo.com/131743701

 

52 Hike Challenge Documentary Kickstarter Video from Sea to Summit Productions on Vimeo.

 

52 Hike Challenge Documentary Teaser from Sea to Summit Productions on Vimeo.

 

great idea ! 

https://www.52hikechallenge.com/

My personal aha thought, awesome idea guys! There is a guy in South Africa doing this with food , going to farmers and filming production, finish with a meal. I invited him to Canada to do a tour coast to coast, nothing came of it. Just brain storming and typing s it flows, Be cool if we could get a corporate sponsor to do this for you in the future, I am moving my business to a new company Peak Financial, they are coast to coast, I've climbed with some very amazing people. Tie in a food champion, save some bucks feeding you, expand the challenge, make some new friends "Be The Adventure" I'll supply the "Natures Energy Water" let's follow through with this over the next year as we get settled
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Pyrrhic - Count the cost

Pyrrhic

 

I came across this word this morning while researching some articles on wills and the second will. The second will has become a concern in the legal and estate planning world recently. 

More direction is required and I suspect more cases will come forward for dissection. 

pyr·rhic1
/ˈpirik/
adjective
  1. (of a victory) won at too great a cost to have been worthwhile for the victor.
     
    How many things have we done that we just paid too much for to be right? It’s a good question, count the cost. Families, Friendships, Business, Health,    Ideals, a Soul.  Some things are priceless , some are pointless, some you just have to go with the flow and find peace down the river. 
     
     
    Every once and awhile, you have seal up the holes for the winter, batten down the hatches and wait for winter to pass, your spring is just around the corner.  Get ready to plant, spring time, summer and then harvest time will present itself once again. 
     
     
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Friends

https://www.thriveglobal.com/stories/how-to-fix-broken-friendship-asking-for-a-friend/?utm_source=Thrive&utm_medium=Newsletter_General&mc_cid=19063ecb05&mc_eid=b5c0bfa4d9

 

going to add some stuff on friends here

 

the article above speaks to fixing a broken friendship, seems like a good place to start

as the song writer wrote , “ What a friend we have in Jesus “ 

 https://www.gottman.com/blog/the-sound-relationship-house-build-love-maps/

Love Maps , what a blessing they can be, which way to go, charting the course

 

 

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4-H update Nov 2018

https://mailchi.mp/4-hontario/2bndyxigkt-470153?e=753dd94490

 

Giving Tuesday is Coming November 27 
Giving Tuesday is a global movement for giving and volunteering, taking place each year after Black Friday. This Giving Tuesday we want to know how you and your 4-H clubs are helping to contribute to the betterment of your communities. Be sure to use #GivingTuesdayCA on social media and tag 4-H Ontario in your posts to share all the ways you give back. Click here for more information on how you can give back to 4-H Programming. 

 

Learn To Do by Doing

Homemade Corn Chips :)

Delicious 

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CEA development

I am very pleased to announce that Heather Kiley from our firm has recently enrolled in the Certified Executor Advisors program with the

Canadian Institute of Certified Execotor Advisors, Timothy Ross, CEO & Founder, Brock Shores Financial

 

 

Heather Kiley is the dynamic front line Executive Assistant, to Timothy Ross Family Advisor ® , CEO, Founder of Brock Shores Financial

Client care specialist, and in house specialist for estate planning, implementation, disability tax matters and trouble shooting with government departments.

Family Office providing Omega Stewardship ®

* One Stop Process Driven Approach for Retirement & Income Planning

* Personalized Tax Management Solutions for Individuals & Business Owners

* Confidential Wealth Management Solutions

"Helping Families Achieve ... 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

https://vimeo.com/183494917

      2018 IFB conference Part 1

https://www.spreaker.com/user/omegastewardship/engaging-executors-mark-o-farrell-nov-6-

      Part 2

https://www.spreaker.com/episode/16150676

 

    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
    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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