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Opportunities

Last night there was a risk of frost, and it looks like at least another week of good “warmer” weather ahead with no risk of frost. So I went about the gardens and made provisions for the impending chill that would end the tomatoes, peppers and late squash from sudden destruction, I was Not concerned about the Kale, peas, garlic, potatoes ( we had already harvested them) onions, beets, lettuce ( newly planted) and the turnips. I forgot about the eggplant. While out and about we found some puff balls in various stages of development, I have been waiting for this kind of weather we’re these delectable fungus thrive, that was the big opportunity I waited patiently for. I had found two huge decayed puff balls in the meadow, one last fall and one this summer when I was sycthing. Opportunities, I knew they would return, just their nature. This morning I started cutting the puff balls up, the first one I was concerned That perhaps it was too old, one slice and the evidence clearly showed I was too late to be fit from that opportunity, but the next one I cut was ready and into the frying pan it went with a little coconut oil to get it crackling and my it turned out delicious. I put the other two big Balkan in the fridge and am planning on eating them and thinkin who might like to share a slice or two with. I offered a piece to our friend Anthony and he declined, wasn’t husband cup of tea, which surprised me as he was quite knowledgeable about the fungus world. I wrote this little commentary for two purposes, firstly to see who would like a slice of the opportunity, to try it, I know it’s good food and rare. Second to bring up an analogy that opportunities like this happen in our investment business every once in awhile, markets crash, decline and great investment opportunity is presented. I am getting the warning signs, and I am preparing for the call, the moment that you can pick in great abundance, with delightful extra profit. Doesn’t always happen, there was no frost this morning, it did get cold, was prepared, we did find some good stuff while preparing and I feel pretty good about the whole exercise, that’s kinda like planning and reviewing your plans when we are meeting discussing the future, are we on track, can we weather the frost, I get the idea, hopefully you get a little insight as well, as Mike says, the excersizes are necessary hard or spelled right, it’s a lot of mind over the matter. Sometimes you have to  Feel the pain, to get the gain, control your breathing, but breathe properly, do the exercise properly and enjoy the long term benefits and in the process correct long term problems that we gather through out our lives. 

I could go on :)   In the meantime 

So who wants a slice ? 

 

 

 

 

No frost today

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Starting Right Financial Advice

Basics We All Can Achieve

 

https://finance.yahoo.com/news/ray-dalio-3-financial-recommendations-millennials-153540994.html?soc_src=community&soc_trk=ma

 

Ray Dalio has some great tips on what one should do, the title says Millennials, however this is a message many should aspire to. 

So no matter where you are in life, reset, restart, contact our team and get a review and clarity for your financial plans. Let’s put some action into #ImprovingFutures 

Enjoy

Timothy Ross

Founder, Brock Shores Financial

advisor@timothyross.com

613-345-0016

 

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Negative Overload - It Can Happen

A cloudy day is no match for a sunny disposition. William Arthur Ward

I seen a post on one of my friends feeds just now.  It reminds me of how I feel sometimes, there is a number of changes happening in our current economic and political landscape and doesn't seem to matter what you post , there is most often negative response.

 

This quote from Rana C pretty well sums it up

" We live in especially pessimistic times. We’re pessimistic about the environment, pessimistic about America, pessimistic about the government and education.

The resulting stew of negativity makes me worry that the future

Fortunately, research suggests things we can do help

Pay more attention to the positive, and help others do the same....
There’s one problem with the pessimist’s perspective: it’s wrong.

That negative dystopian soup is an illusion, the result of an unfortunate collision between a 24/7 news cycle and the brain’s tendency to hone in on any possible danger and ignore everything else. Overall, things on planet Earth are pretty good — or at least, in many ways, they’ve never been better. No country in the world has a lower life expectancy now than the countries with the highest life expectancies in 1800. More people around the world believe in gender equality than ever before, and more value religious freedom. Poverty, malnutrition, illiteracy, child labor and infant mortality are all on the decline.

Stay out of the negatives "

Another friend of his reminds us of my mentor Nick's quote

"Optimism is the only realism. It's the only worldview which squares with the facts, and with the historical record." — Nick Murray, Simple Wealth

 

And to start it all off thismorning my word for the day was rather depressing, yet it is there.

Weltschmerz

Definition

1 often capitalized Weltschmerz : mental depression or apathy caused by comparison of the actual state of the world with an ideal state

2 often capitalized Weltschmerz : a mood of sentimental sadness

Did You Know?

The word weltschmerz initially came into being as a by-product of the European Romanticism movement of the late 18th and early 19th centuries. A combining of the German words for "world" (Welt) and "pain" (Schmerz), weltschmerz aptly captures the melancholy and pessimism that often characterized the artistic expressions of the era. The term was used in German by the Romantic author Jean Paul (pseudonym of Johann Paul Friedrich Richter) in his 1827 novel Selina, but it wasn't adopted into English until the middle of the 19th century.

 

I had never heard of this word before, I wonder what tomorrow's word brings us.

https://www.merriam-webster.com/word-of-the-day

 

Let the light in

 

Have a blessed day!

Timothy Ross

 

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Inspirational Tipping Point

My notes from IFB Ottawa Ccnference  last month that I attended as part of our professional development . 

An  encouraging session 

  • Tim

 

Simon Reilly, Leading Advisor



You can go out there and add value.

Cicero and Damenthosis, speech, let’s March

Get the why right or you will just do

We have a vocation not a job,  a vocation has it in your soul, the why you do it !

Passion and pulls you forward

Get rid of fear !

Inspire from deep within

We all have values inherent within you, tie values and inspiration together

If your acting tired, burn out, overwhelmed, no time, why would clients want to work with you, they will feel that from you

Feel you have time and money, make is

Wake up to gain additional understanding

We have to take responsibility, if it is going to be it’s up to me

Being, your soul

Bob Dylan , back seat driving quote Time magazine

Control I need to do it myself, need of approval and recognition, thoughts are a wheel of fortune, pick up the vibe , and they disempower themselves , and they start making mistakes , they will last 6 months if your lucky

We get distracted from making a difference by all the baggage we carry

Front seat driver or back seat driver

People walk through their days unconsciously

The emotions and belief systems get in the way

Leading Advisor , testimony from Robert Clark,   Millennium, extremely bright ,

We can’t superimposing judgements on them

Missy Pursley, became the leader as she got strong vision

He works for a short period of time, you don’t need a paid friend

Don’t need to be driven by the back seat driver, doesn’t need to be that way

We need to seize the day and see the people

Understand and discover how to get your needs met

People are getting overwhelmed with the decision processing

Work out business puzzles and solve them

Create the family office

Free book, presentation they did

97$ to get started , after evaluation to start,

Get changed at a cellular level, help get past hang ups that I have

So you don’t have to prove to much, just explain how it will happen

What ever you resist persists

What is out needs DNA ?

What is the story behind it? Step 1, Step 2

Work through the emotions and belief

Develop your conviction  

Your greater than your body, your mind ,!its your soul

We can provide extraordinary value to our clients

Say Yes

Good presentation, positive ideas , perhaps could benefit from this coaching going forward

Ted Talk Link

https://youtu.be/1gNUpM0Dz7Q



Thank you
Tim Ross, Family Advisor ®
Family Office providing Omega Stewardship ®
Www.BrockShoresFinancial.ca
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

 

Thousands of years ago, the story of Let's March was born. Two of the greatest public speakers of all time were Cicero and Demosthenes. Cicero was the greatest speaker in Rome; Demosthenes was the greatest speaker in Athens. After every time Cicero gave a speech, the audience would give him a standing ovation, wildly applaud, and say, "Wow, what an incredible speech." When Demosthenes was done speaking, the people would say, "Let's March."

https://www.encyclopedia.com/arts/culture-magazines/ciceros-speeches

https://www.encyclopedia.com/arts/https://www.encyclopedia.com/arts/culture-magazines/ciceros-speechesculture-magazines/ciceros-speeches

 

http://10point1.blogspot.com/2010/10/really-truth-is-just-plain-picture-bob.html

Bob Dylan Interview -Time

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Leonard Cohen - Flame

Article - Romance, regrets and notebooks in the freezer: Leonard Cohen’s son on his father’s final poems

 

Enjoyable article , I remember how the kids grand father would talk the time he met Leonard Cohen in Montreal. Memories, he lived his music and it got  his spirit moving. I rather like many of Cohen’s songs, not realizing the poetic side of him. Reflecting know, it makes perfect sense. Maybe I should revisit my own poem book. 

Was he, in the end, a musician or a poet? A grave philosopher or a grim sort of comedian? A cosmopolitan lady’s man or a profound, ascetic seeker? Jew or Buddhist? Hedonist or hermit? Across his 82 years, the Montreal-born Leonard Cohen was all of these things – and in his posthumous book of poetry, given the Lawrentian title The Flame by his son Adam, all sides of the man are present.”

 

Will have to get this book for the library and glean some inspiration from it. Maybe I get two and send a copy to Maurice for his enjoyment. 

Timothy Ross

#ImprovingFutures

“He’d call himself slow. He’d write poems about how Leonard Cohen was a lazy bastard living in a suit”

Adam Cohen

Happens to the Heart

I was always working steady
But I never called it art
I was funding my depression
Meeting Jesus reading Marx
Sure it failed my little fire
But it’s bright the dying spark
Go tell the young messiah
What happens to the heart

There’s a mist of summer kisses
Where I tried to double-park
The rivalry was vicious
And the women were in charge
It was nothing, it was business
But it left an ugly mark
So I’ve come here to revisit
What happens to the heart

I was selling holy trinkets
I was dressing kind of sharp
Had a pussy in the kitchen
And a panther in the yard
In the prison of the gifted
I was friendly with the guard
So I never had to witness
What happens to the heart

I should have seen it coming
You could say I wrote the chart
Just to look at her was trouble
It was trouble from the start
Sure we played a stunning couple
But I never liked the part
It ain’t pretty, it ain’t subtle
What happens to the heart

Now the angel’s got a fiddle
And the devil’s got a harp
Every soul is like a minnow
Every mind is like a shark
I’ve opened every window
But the house, the house is dark
Just say Uncle, then it’s simple
What happens to the heart

I was always working steady
But I never called it art
The slaves were there already
The singers chained and charred
Now the arc of justice bending
And the injured soon to march
I lost my job defending
What happens to the heart

I studied with this beggar
He was filthy he was scarred
By the claws of many women
He had failed to disregard
No fable here no lesson
No singing meadowlark
Just a filthy beggar blessing
What happens to the heart

I was always working steady
But I never called it art
I could lift, but nothing heavy
Almost lost my union card
I was handy with a rifle
My father’s .303
We fought for something final
Not the right to disagree

Sure it failed my little fire
But it’s bright the dying spark
Go tell the young messiah
What happens to the heart

June 24, 2016

Flying Over Iceland

over Reykjavik, the “smokey bay” 
where W.H. Auden went
to discover the background
of all our songs,
where I myself was received
by the Mayor and the President
(600 miles an hour
30,000 feet
599 miles an hour
my old street number on Belmont Ave) 
where I, a second-rater
by any estimation,
was honoured by the noblest
and handsomest people of the West 
served with lobster
and strong drink,
and I never cared about eyes
but the eyes of the waitress
were so alarmingly mauve
that I fell into a trance
and ate the forbidden shellfish

I Pray for Courage

I pray for courage
Now I’m old
To greet the sickness
And the cold

I pray for courage
In the night
To bear the burden
Make it light

I pray for courage
In the time
When suffering comes and
Starts to climb

I pray for courage
At the end
To see death coming
As a friend

The Flame is published by Canongate on 2 October.

Hallelujah- Leonard Cohen London

 

Order Book

https://www.amazon.ca/Flame-Leonard-Cohen/dp/077102441X

 

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FSCO update Insurance Regulations

http://trk.mmail.lst.fin.gov.on.ca/list/euidlxqe/180928E/dxqy8f.vib?a0=875

 

 

Reviewed the guidebook today. Fairly good common sense, communication. Take care of clients needs. Due diligence and go the second mile to ensure clients understand what they have and what their options are. 

 

Click on the link above for the full guidance report. 

 

A couple things I would like our firm to get better at is letting clients know the broad range of products we have available. Travel insurance, health benefits and hospitalization insurance come to mind. 

Tim Ross, Founder Brock Shores Financial

#ImprovingFutures

 http://ouradvisor.ca/TimothyRoss

 My license link

Licence Confirm

Check others 

Confirm other agents

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Use That Breath

Take a breath and Use That Breath 

 

A simple first step to become a better listener? Breathing. Many of us can’t help ourselves but jump into a conversation, offering our pearls of wisdom to anyone willing to listen. Psychologist Kenneth Miller says we should take a breather instead. When we breathe before speaking, we give others room to reflect on what they have been saying. It’s an act of generosity. That extra breath also gives us time to think of insightful questions that might truly help the people we are speaking with. •”

 

 

Proper breathing is an obvious next step. I have been working this the last month with my ARP Practionair as we work through my shoulder pain. Remapping years of miss use and bad posture. The pain is leaving and I can do more movements and feel almost normal and stronger and healthier now. Every exercise requires the proper breathing technique otherwise it is simply more difficult and not as effective, without the breathing done right I can often not complete the activity or make progress.  Mike has taught us big belly breathing. Expanding our belly to create capacity for inhaling and exhaling through our nose. Four in with belly expanding, pause, Eight count out with belly contracting, pause, repeat. This simple yet sometimes difficult to achieve method helps to oxygenate and expand our breathing capicty.  It helps work through the pain and exhaustion and helps the mind think better. Litany of other benefits I am sure. 

 

I am up to two sets of our regime and had a person best of a 60 second hang yesterday. Small steps make a profound difference. Remember to breath properly. Stand properly, feet straight ahead , turn those toes so you are properly aligned , keep your head up , eyes forward, arms by your side and of course smile. 

 

The note above reminds us of the of the importance of breathing. It’s free and has huge benefits.  

Cheers!

Tim

#ImprovingFutures

“Let every thing that hath breath praise the Lord.
Praise ye the Lord.” Psalm 150:6

 

Just Breathe and just be

https://youtu.be/hnjeMwxFuBA

 

Breathe by Johnny Diaz

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Doing More Good

Received this email this morning and as normal it gets me thinking, what are we doing at Brock Shores Financial ? How are we #ImprovingFutures  ? How are our actions lining up with our Vision, Mission and Core Values ? 

One thing that we do is research and become aware of the issues and work towards putting sustainable practices in our business and life. A great resource for me has been my membership in  RIA  Responsible Investment Association https://www.riacanada.ca/timothy-ross/

I would love to read what you are doing to make a difference in your life, home, community, please join our online community and share your reflections in the comment section , your Utmost For Your Highest

In the meantime, let's read what Coro Stranberg has to say about the matter. 

Have a blessed day

Timothy Ross, Founder Brock Shores Financial

#Improving Futures

 

Coro Strandberg works with businesses, government and industry associations to envision and innovate a sustainable future. She is an expert on sustainability leadership and transformational business practices and relationships.

"Sustainability is no longer about doing less harm. It's about doing more good."

Jochen Zeitz (Co-founder and co-chair of the B Team and past CEO of PUMA)

I’ve been thinking about the word “good” and how it shows up in our language in countless idioms: For goodness sake. All to the good. Good and ready. Goodwill. For good reason. Good company. And so on. In my work, good – when turned into action – means sustainable businesses that change everything for the better.

Growing global resource constraints – coupled with changing customer, investor, and government expectations – will drive companies to change the way they do business. In this newsletter, I bring you up-to-date on sustainability tools, trends, tips and trailblazers that can help you and your organization become a force for social good. Whether your organization needs a kickstart or it’s leading the way with transformational business practices, you’ll find lots of good news here.

2018 is trending as the watershed year when boards began to actively improve their oversight of the company’s social and environmental performance. Regardless of whether the impetus was scandals, investors, social movements, employees or consumers, more and more boards are taking their fiduciary responsibilities in this area seriously. Fortunately, there is considerable guidance in this new governance practice.

This spring I started teaching the Sustainable Board module for the new Governance Professionals of Canada certification program. The course provides a practical look at board sustainability oversight for governance professionals who advise boards and management on sustainability governance. This will equip corporate directors and executives with greater insight on how to steward the sustainable performance of the firm. Corporate governance leaders also have a sustainable board roadmap in a recently published white paper I authored on the topic for Conference Board of Canada. It's an update on the trends and drivers of sustainability governance that have emerged since the first paper I wrote on the subject in 2008, and provides a sustainability toolkit for boards and those who advise them. Check it out and share these resources with the boards and governance professionals you know.

Business Models for Good

Boards for Good are responsible for ensuring their business has a core social purpose as its engine for growth and goodwill. Businesses are defining and articulating their humanitarian reason for being. The United Way of the Lower Mainland is a leader in this global trend and in so doing, pivoting its corporate donor relationships. This spring I helped the United Way launch its Social Purpose Institute, growing business for good in Greater Vancouver and beyond. Uniquely, the Institute’s vision is to partner with cities, boards of trade and others to raise awareness of this business opportunity and build the regional capacity for social purpose business. In this way, business will bring all its assets, not simply its donations to community good.

Leveraging University Assets for Good

This trend towards leveraging assets for good is taking off in the public sector, too. To advance the widely acclaimed white paper I wrote for McConnell Foundation and SFU on "Maximizing the Capacities of Advanced Education Institutions to Build Social Infrastructure for Canadian Communities" published in 2017, I have been helping the McConnell Foundation and the Canadian Association of University Business Officers (CAUBO) scale social purpose administration and finance among administrative departments at Canadian universities and colleges, info here. The basic premise is that public institutions can bring all their assets and instruments (in addition to teaching and research) to advance societal well-being by applying a social, environmental, community or stakeholder lens to decision-making, budgets and projects. University administrators are finding new purpose and meaning in their jobs from this shift. According to one front line university staff member: "This [social purpose administration] is a new way of working. As administrators who spend our careers in our institution, we can see a tie to our organization. It is also tied to the place where you live. It is another use of your job. It gives me meaning in my day."

Professionals for Good

Not only are governance professionals and university administrators social-purposing their jobs, so too are other professionals looking to build more social value into everyday roles. Since the launch of the Sustainable Professional Association Initiative with The Natural Step, I have had the pleasure of advising associations representing human resources and governance professionals. Current work involves a project for the Real Estate Foundation of BC to define a professional development pathway to build sustainability expertise among realtors. Watch this space for the research paper in early 2019.

This work has me thinking about the "Purposeful Professional": I believe that purpose-driven companies and organizations are creating room for professionals to hone their personal purpose and bring it to work.

Products for Good

Organizations-for-good offer products-for-good. While not easy to go the distance, it can be done as described in this Conference Board of Canada resource I wrote on the topic. Notably, leaders like Marks and Spencer, BASF and LafargeHolcim are setting ambitious targets to reposition their product portfolios in alignment with a sustainable future. This Sustainable Brands article profiles these opportunities. For more detailed guidance, check out the Conference Board paper.

Advocacy for Good

Having a business model, professionals and products for good doesn’t guarantee a sustainable future. We also need government leadership to re-engineer policy, legislation and regulation so that fair, inclusive, low-carbon and circular growth can be enabled. Fortunately, more and more businesses are engaging in the public policy debate, as for-good advocates. This GreenBiz article unpacks this trend and drivers, while this tool offers an "advocacy for good" continuum, from oppositional to transformational practices. Check it out to see where your organization lies. Then engage your government and industry relations teams in how they can bring purpose and meaning to their jobs through a proactive sustainable public policy agenda.

That’s the goods for this newsletter. I always appreciate hearing from my readers. Don't hesitate to contact me for questions, clarifications or additional resources. Thanks for reading. Goodbye for now!

Coro

Good for you

events:

Corporate Sustainability Practitioners: Roles have changed, has your job description?

November 15, 2018 at 11:00 am PT / 2:00 PM EDT
This one-hour, low-cost webinar will discuss how the corporate responsibility practitioner role is becoming more strategic, enterprise-wide, and external. You’ll pick up insights on how the jobs, roles, and departments of CSR and sustainability practitioners are adjusting to meet the new imperatives. More information.

GreenBiz 2019

Phoenix Arizona, Feb. 26 – 28, 2019
I hope to see you at GreenBiz 2019, the Premier Annual Event for Sustainable Business Leaders. I will be moderating a session on "What every sustainability professional should know about board sustainability governance," with investors, corporate directors and sustainability professionals represented on the business panel. You’re guaranteed a thought-provoking and practical session. More information.

 

A picture is worth a thousand words, video's will multiple that , check out her Webinar Library

https://corostrandberg.com/resources/webinar-library/

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Tips to Improving Communication in a Family-Owned

Family owned businesses have served the world for thousands of years. They were the foundation of life in a simpler time and will likely be the lifeblood of our future. No matter how big the world gets or how vast today’s global scale marketplace, family working with family to serve others will always have a place in our economy. Learning to communicate with each other better will make each and every one of those ventures more productive, profitable, and satisfying.
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Happy September- Darci Lang

Happy September by Darci Lang, Speaker and Author

It seems like almost everyone I have talked with this month is stressed. People are using words like “crazy, busy and insane”. What can we do to make September a happier month?

#1. Stop using words like crazy, busy and insane. Replace them with positive words. I know I am too damn happy but I say “blessed” a lot. When people say, “Oh you must be so busy!”, they are right, but my response is “I am and that is a blessing!” Feel grateful for the abundance of work and the luxury of going to school.

#2. Sleep and eat well. Every year, I enter September realizing the need for the basics to be done really well. You can’t possibly expect to have great outcomes at work, within our schools or in our homes if we don’t feel well. Look after your whole self.

#3. Make “today”, “this week” and “this month” lists. I still write everything down…old school. There is something euphoric about being able to cross things off. Just dig in and get it done!

#4. Avoid all toxic people. I know, easier said than done. Do all that you can do to protect yourself from anyone who has the power to rent space in your head. Negative people are in every workplace, classroom and community. They rarely change. Let’s get really good at making sure they don’t win and affect our performance.

#5. Look at what you are complaining about and ask yourself,” Is this something I knew would be a stressful part of my leadership role, job or schooling?” Chances are yes, you knew. Complaining is a habit, change the habit.

#6. Unsubscribe, direct deposit and don’t touch a piece of mail more than once. Look at every area of your life and ask, “Can I get rid of this?"

#7. Set serious personal boundaries. I could work 15 hours a day but I don’t. Set clear defined boundaries around when you are done work and when you take time to stop studying.

September in our office is flat out, back to work, speaking two or three times a week in different cities now until the end of year.

Aren’t we blessed? Happy September!

Image Contact us: Want to share your thoughts with Darci, please email her at info@darcilang.com. The email address this is sent from is not monitored by Darci. Public Workshops: "Focus on the 90%" Saskatoon, November 27, 2018 Regina, November 29, 2018 Darren Lang's "Staying Up in an Upside-down World" Edmonton — December 5, 2018 Calgary — December 6, 2018 Share: Facebook Twitter Google+ LinkedIn Forward this email to a friend who could use a boost. Sign up to get this newsletter at www.darcilang.com. Order Darci's Focus on the 90% products. Order here. Join Darci on her blog at www.darcilang.com/blog Follow Darci on Facebook for a chance to win her Best-selling Book - Focus on the 90% You can also follow Darci on Instagram, LinkedIn and Google+. ​​​​​​​ Copyright: Darci Lang's "Attitude Booster" is sent out monthly. Parts of this publication may be reproduced by attaching the following footnote (Darci Lang copyright 2018).

 

i always love getting Darci’s emails, very uplifting, enjoy

Tim

 

 

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2018 Annual Tax Season Letter

Brock Shores Financial

Formerly Timothy Ross & Associates

 

4502 Airport Road – Tincap

Elizabethtown, ON

K6T 1A2

“Serving clients since 1988”

 

www.BrockShoresFinancial.ca

Voice: 613-345-0016

Fax: 613-345-5231

advisor@timothyross.com

 

 Another year is upon us, “the sap is running” and we are beginning our tax season once again. Our biggest announcement this year is that we have happily made a name change. We hope you like the fresh look of Brock Shores Financial. I feel it better suits our path going forward and positions us into the next 30 years as we develop our growth and succession plans. We have expanded our team, hiring on additional staff to help keep the office balanced and efficient to meet our growing client’s needs. This is now my 30th year in business and it is still my pleasure to serve you and your family as a tax consultant and advisor. Our new staff members include Cody King, Katina King, Neil Norman, and Lisa Quenneville. Heather Kiley remains our Administrative Assistant and Megan Hough is our Client Support Service Coordinator. Peter Young continues to provide out of office accounting support. Bob Harper, has come on board as our Business Development Consultant, helping promote our year round business support services. Many may know Bob for his efforts in bringing great awareness to the area and abroad about the origins of our Canadian Maple Leaf Flag and our local connection to the historic events and loving hands that lead to our countries flag creation.

 

Brock Shores Financial is set upon a good foundation that has been built on the Family Office concept where you can get a variety of services and advice, a one stop place for the majority of your financial services and advice. We will continue to provide what we call Omega Stewardship ® which helps us help you reach your families major goals in life.

 

Things are always changing, just yesterday the Canadian Government announced a number of updates in the budget which we will be monitoring going forward as some of them may impact you and or the people you work for. There was also a number of changes last year and some of these changes will effect various credits which we will adjust this year while doing your taxes.

 

Some of the routine news for the tax season year is as follows:

 

“The hardest thing to understand in the world is the income tax.” ~ Albert Einstein

 

TAX SEASON OFFICE HOURS

We have now expand our front desk office hours for the next few months. Monday through Friday we open at 9:30 am and close at 8pm. This will be our goal during the weeks ahead. That being said, we take appointments beyond our “office hours” all the time throughout the year. Working Saturdays is an option as well especially during tax season if you cannot possibly make it in during the week or evenings.

 

If you do not require an appointment, please feel free to drop off your tax papers at the office. Staff are setup to receive and gather the necessary information. They will have you sign some papers and send some home for signing if required so we can get your returns prepared, reviewed and filed in a timely manner.

 

We also have had more people emailing their documentation to us from across Canada 24/7. This has been a very effective way to extend our reach and provide service across the country or simply down the street. This is not always convenient for everyone, however if you would like to, simply email a pdf of your slips or a clear photo from your smart phone. Please send them to advisor@timothyross.com and we will be able to start your returns that way.

 

CRA CONTACT

We will continue to select the e-filing option that CRA will contact us directly first vs you for any pre-assessment and post assessment requests for information. That has worked fairly well this past year. There has been occasions CRA didn’t cooperate with this policy and we had surprise reassessments, nevertheless we will work through those for you.

 

As noted last year, in the past we had CRA contact clients first after your returns had been processed (post assessments), this gave one a chance to respond on your own and avoid any additional professional charges. We found however over the last few years that people were typically bringing this to our attention anyway and sometimes completely not dealing with the matter. Then one would get reassessed, with a debt owed to CRA because no information was sent, or the wrong information was sent, missing information, etc. This causes too much stress for everyone, additional work and often requiring more expertise to sort out. So we are going to take on the responsibility of receiving these notices first and then responding to CRA on your behalf. This will involve gathering any documentation that is required from you or our records, making sure it is correct, make any necessary adjustments if it is determined it is in your best interest, submitting in a proper format to CRA.

 

We are now able to electronically submit documentation which gives us another level of assurance that they got it, eliminating a lot of questions regarding did they get? How long will it take? Or “they” lost it.   You will always maintain the option to do it yourself, however there is often thousands of dollars on the line and we feel it best to invest in some professional service and protect your tax file for the year in question and by responding in a good manner, this often helps reduce future requests, so it protects you from future audits, not always, however from our experience, it often does. Often it can take longer to respond to even what I consider the simplest of tasks than it does for us to do someone’s tax return.

 

With 30 years’ experience, I use the words “simplest of task” from that perspective. To help you and our office, I have trained my team to help in this process. Everyone has different charge out rates and various experiences, so depending on the request from CRA and what they require, we will have the appropriate person work on your file and review with me to make sure that your tax file is protected.

 

“Thinking is one thing no one has ever been able to tax.” ~ Charles Kettering

 

CLARIFYING OUR “Dang It” POLICY

Every once in a while, we will make an error. No one wants to admit it, however I will. Frankly we are humans, and despite all our experience, and all the steps we take to make sure we input the correct information, it can happen. A number gets transposed, or put in the wrong spot, or gets missed… just being human. Last year it happened a few times, and worked out to be 0.25% of our work load. Property taxes vs rent happened on a couple this year, so if you’re getting too big of a trillium benefit let us know right away and will double check, it’s a very tiny box on our forms.

 

When any error happens CRA will probably pick up on the error and adjust it right away. Sometimes it takes longer, and they ask us or you to clarify, or they will send out a reassessment if they are sure they have the correct information. When this happens, we will do the necessary professional work to correct the problem at no cost to you, sometimes it is what it is. Always let us check whenever you get something from the government. Taxes are a big web and one thing leads to another, and CRA doesn’t usually connect the dots, especially if it is in your favor. We will look at the big picture and pursue it out of principle for you, because we take a lot of pride in what we do.

 

If we made the error, I will give you a credit on your tax returns for any interest you are charged related to the error we made, up to the time it is discovered and corrected. You are responsible for any tax owing, as you would have been if there had been no error in the first place. When the error comes from missing information that we did not receive, you are responsible for interest and taxes payable. Depending on the work required, we often waive the professional fee to clarify the matter, however, there are times when it takes a lot of work and it falls under our CRA contact procedure policies, and while we appreciate your business, unfortunately our staff do not work for free.

 

We feel there is value in knowing when you have had contact from CRA, as it triggers future questions for us next time we file your return (i.e., where is that tax slip from the bank?) You do not want to be missing stuff, because after just a few things missing with CRA, they can classify you as a delinquent filer, not reporting all your income, and when you miss something next time they penalize you in the future for forgetfulness. They call it the “repeated failure to report income penalty” and the numbers can get crazy. The government has implemented some changes for income under $500, but above that it is crazy expensive, (just google it you will see what I mean, various calculations), and it takes about 3 years to get off that list, so we will do everything that we can to keep you off the list in the first place, it’s not good for you or us. You may never see it, but rest assured that we take a lot of care and due diligence, so this never or rarely happens. However, if it does, I just want you to know in advance what we will do so you’re not left hanging and wondering. Our staff have clear direction to answer any questions that come up and implement a timely solution. That being said, we encourage you to check over your return, I think it is important that you understand your finances and how things generally work, and CRA makes it quite clear that in the end you are responsible for your taxes, so, if there is something missing, you have the responsibility to bring that to our attention, and we will adjust it. We will do our best to have it correct the first time, but if we made a human error, we welcome the opportunity to get it right. Jim Rohn said, “Accuracy builds credibility” and we are just keeping it real because we are here to serve you and your family and we look forwarding to having a long term relationship that is beneficial to us all. Our greatest compliment is when you refer others to us, it says a lot and is frankly how I prefer to do business.

 

Henry Ford once said, “Coming together is a beginning; keeping together is progress; working together is success.”    ….. Thanks for continuing to work with us, your business and friendship over the years is sincerely appreciated.

 

We Like to Be TAX SMART

Things are always changing, yet our goal remains as always, to get you the highest refund possible and minimize your tax burden. Working with us has many other benefits as we are a full-service firm with many options available to service your needs.

 

We encourage you to be Tax Smart; Some new things to be aware of this year

 

  1. The sale of a residence must be reported on your taxes , since 2016
  2. The Seniors Pension Split is still available and we do not charge extra for that service
  3. We do not charge extra for e-filing, it’s now law that we e-file your return, and saves us time and postage, so we are not going to charge extra for that like some places do.
  4. Our basic fees are up on average 20% over last year, we have held off increases for several years now, unfortunately inflation continues to impact all of our cost of operations and we had to make an increase this year to reflect these realities.
  5. If you owe money, we can now setup a preauthorized payment for you with CRA, since 2016
  6. If you have a business or employment expenses there is great tax benefits, providing you keep track of things properly. One area that we continue to see deficiencies is in logging mileage. Please make this a habit, it is so very important to do this and protect your deductions. If you’re not doing this currently start today. I got an APP on my phone called MileIQ it works pretty good and is worth the deductible investment. There is others as well or the standard write it in a little book works as well, the important thing is to do it so you have the proof, document, and document.
  7. Fitness and Art credits are no longer a deduction
  8. Transportation credits ended June 30th last year, however if your 65 or over there is a seniors public transit tax credit in Ontario.
  9. Tuition credits and transfers from the kids are calculated a little different this year
  10. There is a number of other items that may impact you, please let us know of any questions you may have regarding your situation.
  11. Bonus …If we are not already friends on face book, be sure and send me a friend request, I post a lot, and there are many articles there that can save you money, create wealth, and encourage a more reflective life, but more than that, I just like connecting and even if it is just to wish you a happy birthday, that is worth it all. Many connect with me by private message as well, it’s a good way to communicate. We also have a couple pages setup, one for Timothy Ross & Associates which has a purely business related focus and a new one for Brock Shores Financial. Be sure to like it, and if you want adventure, do check out “Be The Adventure”.

 

 

PAYMENTS & FILES

Payments can made by cheque, cash or e-transfer. Our fees are based on the complexity of your tax return(s) as well as you’re your monetary situation. If you have a file you have dropped off or previous paper work that we have been holding, please be sure to pick it up once your taxes are done. Unfortunately, we do not have the space to hold everyone’s files for consecutive years.

 

Wrap Up

We value you, and we look forward to serving you once again this year. We hope you appreciate our name change and welcome our new staff as we build our service. We aim to bring value to your life, family or business. Please see the attached document introducing you to some NEW hydration that may improve your everyday living! Be sure and journey down to O’Mally Kourt & Fudgery at 55 King Street West Brockville , grab yourself a cold one and #BeTheAdventure

 

A little story about #ImprovingFutures , when we were working on the name change, I had a spot on the business card and it was calling me for some text, so I gave it some serious thought and I asked “What do we ultimately do for people ? After some reflecting we decided that Improving Futures is really what we do at the end of the day, then Megan said, “Put a hash tag on it”, and that is what we did.

 

PS: We are working on a new website, we have a lot of articles there already, we encourage you to simply check it out. The site is being setup as a member driven community site, so we encourage you to become a member while you’re there. www.ImprovingFutures.ca will take you there. It’s value will grow with time and as a member you will certainly hear about stuff first.

Looking forward to hearing from you; Call, Visit, and/or Email 24/7

  

Thank you

Timothy Ross

advisor@timothyross.com

Brock Shores Financial – Formerly Timothy Ross & Associates

www.BrockShoresFinancial.ca #ImprovingFutures

"Where Client Goals Become Our Goals" ®

"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

 

Family Office providing Insurance Products in Association with Financial Horizons Group

Family Office providing Mutual Funds in Association with Professional Investments (Kingston) Inc."

Family Office providing Tax and Consulting Services

 

“Good timber does not grow with ease. The stronger the wind the stronger the trees” - John Willard Marriott

 

“We will receive not what we idly wish for but what we justly earn. Our rewards will always be in exact proportion to our service.” ~ Earl Nightingale

 

“The best way to find yourself is to lose yourself in the service of others.” ~ Mahatma Gandhi

 

“Be wary of strong drink. It can make you shoot at tax collectors... and miss.” ~ Robert A. Heinlein

 

“Here's to the crazy ones. The misfits. The rebels. The troublemakers. The round pegs in the square holes. The ones who see things differently. They're not fond of rules. And they have no respect for the status quo. You can quote them, disagree with them, glorify or vilify them. About the only thing you can't do is ignore them. Because they change things. They push the human race forward. And while some may see them as the crazy ones, we see genius. Because the people who are crazy enough to think they can change the world, are the ones who do.”

~ Rob Siltanen

 

“Never doubt that a small group of thoughtful, committed, citizens can change the world. Indeed, it is the only thing that ever has.” ~ Margaret Mead

 

“Be the change that you wish to see in the world.” ~ Mahatma Gandhi

 

"The beauty of being in business is that your business engages all aspects of your mind, I think that is why you become successful, business challenges you to be more than you are, and that is where the miracle takes place." ~ Timothy Ross, May 2004

Read more…

Real Estate Bubbles

http://www.visualcapitalist.com/real-estate-bubbles-8-global-cities-risk/

 

Great article on Real Estate Bubbles around the world.

The bank highlights Toronto as the biggest potential bubble risk, noting that real prices have doubled over 13 years, while real rents and real income have only increased 5% and 10% respectively.

However, the largest city in Canada was certainly not the only global financial center with real estate appreciating at rapid rates in the last year.

In Munich, Toronto, Amsterdam, Sydney and Hong Kong, prices rose more than 10% in the last year alone.

Annual increases at a 10% clip would lead to the doubling of prices every seven years, something the bank says is unsustainable.

Read more…