https://www.investmentexecutive.com/inside-track_/jamie-golombek/tax-efficient-resp-withdrawals/
Timothy Ross's Posts (588)
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https://www.canadiancattlemen.ca/features/financing-for-first-timers/
https://www.country-guide.ca/guide-business/when-is-a-good-time-to-incorporate-your-farm/
We have been a member of the association over the years, I served as a director for a few years, was a great experience.
EFILE CHANGES FOR 2021/22
Reflecting a bit, the other thing that bugs me, lol, really, lol , this woke agenda of being afraid to write or wish someone a Merry Christmas. I recommend that if you are going to take the day off, or buy a Christmas present, you should respect at least the name of the season. My recommendation is the following .... “ Wishing You a Merry Christmas , a Happy New Year and All The Best This Holiday Season ! “
Wrap that with a bow and it will be more uplifting and encouraging message of appreciation than Happy Holidays which is kind-a blah if you think about, assuming we/you are wishing to express a solid Christmas cheer, inline with the spirit of the season, and let us never forget the reason for the season, and yes Virginia, it's Jesus, .... Santa, time off work, meeting family, friends, rascals, turkey, pumpkin pie and making money are just along for the ride.
Why do we do what we do ? That is the question, vs what you fu
a dollar a day , plus a little tax
the cost of having a EV powered at home
Tesla , base cost just under 45,000, with optons you can be in the 54,000 range
https://www.advisor.ca/investments/market-insights/firms-and-advisors-get-prepped-for-kyp
https://www.advisor.ca/investments/market-insights/firms-and-advisors-get-prepped-for-kyp
The industry is formalizing know-your-product processes
What to consider when assessing an investment
1. Structure and features such as complexity, transparency, uniqueness, basis of return, likelihood of achieving investment objectives, expected returns, time horizon, liquidity and use of leverage
2. Compensation or other conflicts
3. Risk
4. Initial and ongoing costs and their impact on performance
Source: Amendments to National Instrument 31-103
When it comes to products,
“You should be looking at all the benefits and features to make sure the investment you recommend is in the best interests of clients,” Rizi said.
“That’s what KYP is all about.”
In case your compliance cruising, full stop, see, read, digest disclosure
https://improvingfutures.ning.com/blog/peak-dealership-representative-disclosure
READ THE FINE PRINT
https://improvingfutures.ning.com/blog/peak-dealership-representative-disclosure
I get a variety of greetings for various holiday's, I kinda like this one received yesterday from Elaine Froese, enjoy, reflect ! ~ Tim
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Even in hard time, there is lot's to be thankful for, it's a good time to let the song touch you, a few good memories percolate in, so I invite you to shed a tear with me ~ Tim
#ImprovingFutures #BeTheAdventure
Verse I:
In the morning you sing over me
I receive your mercy
Your faithfulness is clear to see
Constant everyday
Pre Chorus:
Every breath I breathe an invitation
To believe you are creating something good
Though this season doesn’t tell my story
I know you’ll move mountains for me
You’re just that good
Chorus:
So I’ll give thanks to God
When I don’t have enough
Cause He’s more than enough
And He knows what I need
Verse II:
In the silence i choose to believe
You’re working in the waiting
Though the future isn’t clear to me
I trust you anyway
Bridge:
Why do I worry x3
God knows what I need
https://youtube.com/watch?v=UFP17VekChQ&feature=share
http://www.canadian-accountant.com/content/practice/tax-clearance-certificates
Important Take Aways from Dale et al. v. The Queen
Tax results are sometimes determined by laws outside of the Income Tax Act or the findings of the Tax Court. How and whether a legal transaction is recognized for tax purposes often turns on the terms of any agreements and whether the common law and legislative provisions of the jurisdiction in which the transaction is made find the transaction to be valid. If the legal transaction is valid and properly documented under the laws under which it was affected, the CRA is required to also find the legal transaction valid unless it has statutory authority to find otherwise.
Implementing a Section 85 rollover does not require the share consideration to be issued at the time the property is transferred, or even within the same tax year. The rollover does require that there be sufficient evidence of the obligation to issue the shares and that the shares be issued within a reasonable period of time given the circumstances.
Lastly, this case is a reminder that previous errors are not always fatal to a taxpayer's situation. Depending on the nature of the error, our experienced Canadian tax lawyers can implement strategies to correct outstanding errors.
This situation may have turned out well for Bernard and Paul Dale, but getting that positive result required years of litigation, expense and stress which could have been avoided if the shares had been properly issued in 1985 as intended.
With over 30 years of experience as both a lawyer and chartered professional accountant, he has helped start-up businesses, cryptocurrency traders, resident and non-resident business owners and corporations with their tax planning, with will and estate planning, voluntary disclosures and tax dispute resolution including tax audit representation and tax litigation. Visit www.Taxpage.com and email David at david@taxpage.com. Read the original version of this article on Taxpage.com.
https://www.country-guide.ca/guide-life/move-out-move-on/
Great article written by one of my highschool friends.
Some great tips on how to handle some of the emotions or moving and best practices to make that move go smoothly.
"Moving homes can be a very emotional experience for anyone, but for farm families, it’s doubly so. “When the family home is also the place of business, there is an interconnectedness in the heart of the family and the heart of the business,” says Boissevain, Man. farm family coach Elaine Froese. Whether the next generation is taking over or if the farm is being sold to someone outside the family, stress levels can be high for all involved. Good communication is essential, notes Froese. “Love does not read minds.”
In case your compliance cruising, full stop, see, read, digest disclosure
https://improvingfutures.ning.com/blog/peak-dealership-representative-disclosure
READ THE FINE PRINT
https://improvingfutures.ning.com/blog/peak-dealership-representative-disclosure
https://www.clydesvegetableplantingchart.com/contact
This is a cool chart, ordered a few in, thinking might make a great gift for the business to help people with their gardens going forward. #ImprovingFutures
In case your compliance cruising, full stop, see, read, digest disclosure
https://improvingfutures.ning.com/blog/peak-dealership-representative-disclosure
READ THE FINE PRINT
https://improvingfutures.ning.com/blog/peak-dealership-representative-disclosure
Oct 26 , 2016, Gleaning at Tincap Berry Farm, with Cross Town Impact benefiting local Food Banks
Racism Tools Developed by NS Rotary
"Collective and Individual values of respect for equity, diversity, inclusion and openness to change. ". .... I think we should add equality, unity, freedom and personal responsibility
http://www.canadian-accountant.com/content/practice/tax-topics-we-re-thinking-about-this-fall
"The Liberals have indicated they would continue to move forward with plans to allow Canadian controlled private corporations to immediately deduct up to $1.5 million of "growth investments" announced in their 2021 budget (see here for a budget commentary).
The Conservatives propose providing a 5% investment tax credit for any capital investment made in 2022 and 2023, with the first $25,000 to be refundable for small businesses and a 25% tax credit on amounts of up to $100,000 that Canadians personally invest in a small business over the next two years.
Both the Liberals and Conservatives also propose additional tax credits/incentive to encourage investment in green technology and businesses.
As a result, 2022 may be a good year for businesses to consider making significant capital investments, especially "green" ones. Businesses may be able to take advantage of this by planning their own capital expenditures or by selling their products and services to clients who are making capital expenditures."
Are Business Owners' Affairs In Order?
As indicated above, the Liberals certainly, but also even the Conservatives, are talking about increasing CRA scrutiny, especially of the "wealthy." As detailed here, starting this year there are increased reporting requirements for trusts, and as detailed here, there is a general trend towards additional corporate disclosure requirements. All this suggests scrutiny of businesses and their owners at a higher level than ever before.
Tax legislation has also changed significantly over the last decade and the last two years have been chaotic, resulting in many business and personal changes.
Given all of the above, we suspect that many corporate structures and estate plans may now be dated and due for a review.
https://advisoranalyst.com/2021/06/17/ep-67-deborah-debas-pasquale-posteraro-nicola-fritz-dgam.html/
great article with a few interview discussing this important topic.
our practice has embraced ESG and RI investments for sometime now and have been pleased with adding this investment policy to client portfolios
my greatest concern is media greenwashing
it needs to be more than that
for me, it is good when our investment policy aligns with our core values
A Man For All Seasons
"More is a man of an angel's wit and singular learning. I know not his fellow. For where is the man of that gentleness, lowliness and affability? And, as time requireth, a man of marvelous mirth and pastimes, and sometime of as sad gravity. A man for all seasons."
https://en.wikipedia.org/wiki/A_Man_for_All_Seasons_(1966_film)
https://www.sparknotes.com/lit/amanforallseasons/summary/
A Man for All Seasons - Because I Believe: Thomas More (Paul Scofield) explains his morality to the Duke of Norfolk (Nigel Davenport).
"A Man For All Seasons" (1966), directed by Fred Zinnemann, tells the story of Sir Thomas More's resistance to King Henry VIII's seizure of the church in England.
A Man For All Seasons - Clip "Give The Devil Benefit Of Law"
Many are being threatened with the threat of loosing their jobs because they believe their health information is private and choose to not disclose to their employer. In some industries there could be a mass firing of up to 30% of the work force. This interview will give you some legal insight on the matter, it’s interesting insight on the ethics, history of law and the dangers to the future.
If your being affected by the current manadates being implemented by the government and being encouraged upon business's, some financial planning is in order, you are not alone, please reach out to us, perhaps we can be of assistance. advisor@timothyross.com 613-345-0016
Devotion from this morning
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September 25, 2021
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I received an email yesterday from our MGA, Financial Horizons, no entry unless you show your papers, doors locked , and if you visit, you can do so for up to 15 min and not be subjected to the paper policy nor testing policy. This does not effect me to much as I rarely attend their offices, but it is an interesting approach being put out there by this business who we do business through.
"With fear and the wash of perception the talk of the day, we find that the world is upside down, laugh or cry, press on, when there is a way, you find a way." TLR
In case your compliance cruising, full stop, see, read, digest disclosure
https://improvingfutures.ning.com/blog/peak-dealership-representative-disclosure
READ THE FINE PRINT
https://improvingfutures.ning.com/blog/peak-dealership-representative-disclosure
