Posted by Timothy Ross on February 8, 2021 at 7:11pm
Good Afternoon, You probably noticed during the commercial breaks two common themes: Jon Hamm from Skip the Dishes and Questrade. Despite spending a lot of money to air during the Super Bowl, Questrade’s investment track record leaves a lot to be desired. Every Questrade portfolio has consistently underperformed their fund category. And thanks to their ads, We found it a little difficult to sit back and enjoy the game without being offended by the question: “You’re not still investing with Mom and Dad’s guy, are you?” “The lower fees are making a big difference.” Are you sure? Over the years, Questrade has focused on shifting the entire investment conversation to costs (which I suppose is no surprise given their relatively poor investment returns). As such, their misguided basis is a simple calculation of who paid the least amount in fees. Don’t get me wrong, we’ve always said that costs are important. It’s one of the reasons we deliver industry-leading fees to our clients. But don’t the actual investment results matter? With that we have put together some charts (see below) based on data last year from Dalbar. This survey indicates that investors have an increasing level of trust and confidence in their financial advisor. The same survey also showed that investors are placing increasing value on financial advice.
Attached is a client-friendly Questrade comparison.
We take a fact-based approach in comparing the RBC Select Portfolios with that of Questrade We hope that this is helpful. Thank you, Val Your RBC Global Asset Management Team
In case your compliance cruising, full stop, see, read, digest disclosure
Posted by Timothy Ross on February 8, 2021 at 10:56am
NEWS RELEASE: February 8th 2021 For: Immediate Release
Canada’s Official Colours/National Flag of Canada
Commemorating the Centennial Anniversary 1921/2021 of Canada’s Official Colours Red and White in a proclamation by King George V. These official colours which played such a significant role in the creation of the National Flag of Canada begs the question all Canadians should ask. “Is it an unfair advantage for a political party of Canada to use our red and white colours as their own”? This question must be answered!!! Is there a “brand identity” issue which requires some intellectually honest discussion?
Secondly;February 15th 2021 marks the 56th Anniversary of first time the National Flag of Canada was raised on Parliament Hill. It took nearly 100 years to bring this amazing symbol of Canada to fruition. But, on this day, across Canada many Canadians will have a paid holiday in many individual Provinces, Family Day, Islander Day, Louis Riel Day and Heritage Day will take preference over National Flag of Canada Day. We are missing an opportunity to celebrate “unity” of this incredible country of Canada.
Why, there is still no “Statutory holiday” to celebrate the most admired and respected symbol of Canada? All Canadians should have the opportunity to celebrate and unite as a Country to honour a symbol recognized around the entire world with respect and acceptance as the “identity” of Canada.
Surely our Federal Government has an obligation to initiate and promote February 15th or the 3rd Monday of February each year National Flag of Canada Day as a “Unifying Statutory Holiday”.
-30- Contact: Robert J. Harper Executive Director Canadian Flag Education Centre 613-498-4992 info@canadianflageducationcentre.ca
Flag Day is in 10 days, Feb 15th, please tune in to this interview and learn some of the history of our Canadian flag , about the promise and the unity that our flag achieved for Canada
Posted by Timothy Ross on February 4, 2021 at 11:48am
NEW CLIENT ONBOARDING FOR TAXES
Once we get T1013 processed with CRA we can continue
Next will send them an engagement letter once cra authorization is in place
Then we can down load prior yr to start comparisons so we do not miss anything
Review prior year physical tax returns for familiarity of file
Get 2020 info as available from client or cra
Finalize tax returns, review any items of concern with client
Get T183 signed
Process tax return with CRA
Check assessment once processed, compare with submission
Documents along with tax return and assessment to be given to client, copy may be scanned if business, rental, or emailing to client or high probability of return to e required in future for third party, ie mortgage renewals, etc.
Posted by Timothy Ross on February 3, 2021 at 6:24pm
Good News !
If you have a small business often you do not have a business number as you never registered for HST. You need a BIn to apply for these grants and the option to just register a business number is available and you would not have to register for HST.
We have done this for a few clients recently and it was fairly simple to do. So one should be able to do this themselves.
Before you do that, click on these links below, register and get your number
Hope that helps
Tim
Where can I find my business number?
The 9-digit business number that identifies your business. This number will be listed on your GST/HST return, employer payroll or T2 corporate tax filing.
Posted by Timothy Ross on February 3, 2021 at 8:47am
Received this email today from the New Blue Party, life happens to everyone folks. Many concerns circulate in society today, everyone should look the options and opinions of others. We should go after the problem, not the people, look at possible solutions. Here is one to consider provincialy. TLR
"Dear Timothy,
Thank you for signing up to receive emails regarding the New Blue Party of Ontario!
On January 7th, 2020, the New Blue Party of Ontario became an official registered party with Elections Ontario! An exciting development!
During the process of obtaining official party status, with your support, we also successfully forced the PC government to back down and remove section 8 from their government legislation - Bill 213. https://www.newblueontario.com/leadership-recap
Section 8 was the PC government's attempt at amending the Marriage Act to give a single cabinet minister the power to revoke the marriage licence of a church officiant if it was deemed to be "in the public interest" and to create - behind closed doors - a "Code of Practice" that every marriage officiant would have to adhere to.
In less than three months, thanks to your support, we were able to stop the PC government's attack on religious freedom and achieve registered party status with Elections Ontario for the New Blue Party of Ontario.
So, why haven't you heard from us in a while?
In early December, I was confronted with another battle - more grave than anything I have encountered before.
After a couple of months of knee pain, doctors diagnosed a tumour in my femur. A biopsy confirmed it was osteosarcoma - a type of bone cancer that has no known causes and that typically affects younger people like the late great Terry Fox.
The good news is the prospects of curing and surviving the illness are much greater today than they were when Terry Fox was diagnosed.
Within days of my diagnosis, I began aggressive chemotherapy treatment that I am half-way through completing. The treatment has been very difficult but over the last few days I have been feeling the best I have in a long time. In the near future, I will also be undergoing major surgery.
The doctors have told me they are treating my diagnosis as curable and it is their hope that the treatment and surgery will rid me of this terrible disease.
As difficult as the last two months have been, I have been grateful to have my wife, Belinda Karahalios, with me, every step of the way. She has looked after me while fulfilling her job as the first New Blue Party MPP at Queen's Park and looking after our young son.
When I waver in my faith, Belinda is there to remind me - the best is yet to come.
Many of you continue to face tremendous adversity and hardship during the continued lockdown. This is in addition to years of tax and spend policies under successive Liberal governments that have been continued under the PC government.
We are committed to continuing to build the New Blue Party of Ontario in time for Ontario's next election scheduled for June 2nd, 2022. We remain resolute in overcoming my current diagnosis and restoring hope for Ontario with a NEW and BLUE political party that respects the taxpayer, small business, and our churches.
Some have emailed to ask my thoughts on latest developments in Canadian politics. Just prior to my diagnosis, I mailed a letter thanking supporters from my candidacy in the 2020 Conservative Party of Canada leadership race. The letter outlines many of the issues with the so-called "conservative" parties at the federal and provincial levels. If you didn't receive the letter, click here for a copy.
I will write to you again soon with next steps on how you can help us build the New Blue Party of Ontario.
The best is yet to come!
Jim Karahalios New Blue Party of Ontario
P.S. BE ONE OF THE FIRST TO CONTRIBUTE! Now that the New Blue Party of Ontario has been registered with Elections Ontario, your donation will be eligible for a generous tax credit! If you would like to be one of the first contributors to the New Blue Party visit https://www.newblueontario.com/donate to donate to the New Blue Ontario Fund!
Live in Ontario? DONATE TO THE NEW BLUE ONTARIO FUND TODAY!
P.P.S. Only Ontario residents can donate to the New Blue Party of Ontario. If you live outside of Ontario and would like to help, you can donate to our legal fund which continues to fight the electoral fraud that took place at the 2018 Ontario PC Party convention. Visit https://www.jimkarahalios.ca/donate.
Live outside of Ontario? DONATE TO OUR LEGAL FUND TO FIGHT AGAINST ELECTORAL FRAUD!
Our mailing address is: Jim Karahalios PO Box 20046 Cambridge Centre - 355 Hespeler Road Cambridge, On N1R6B0 Canada
Add us to your address book
Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.
The tax benefits of donating to a provincial registered political party are different than federal, both should be looked at, see links below, note Ontario Political are refundable , so even if you have no taxable income you get a real credit !
There is a maximum age for RRSPs. When Canadians reach the age of 71 they must close down their RRSPs at the end of the calendar year. Those who have RRSPs have three options when they reach 71. They can:
Collapse the RRSP entirely. In practice, this means withdrawing all the money in the account
Use the money in the RRSP to purchase what’s known as an annuity
Convert the RRSP into a RRIF
You can not invest directly into a RIF, it has to flow through an RSP. So if your older than 71, you can not contribute to a RSP and so you can not shelter money into a RIF either.
The EFILE program is now closed for the electronic filing of your clients’ initial and amended T1 personal income tax and benefit returns. EFILE and ReFILE services will re-open on Monday, February 22, 2021.
NEW CLIENT ONBOARDING FOR TAXES
Once we get T1013 processed with CRA we can continue
Next will send them an engagement letter once cra authorization is in place
Then we can down load prior yr to start comparisons so we do not miss anything
Review prior year physical tax returns for familiarity of file
Get 2020 info as available from client or cra
Finalize tax returns, review any items of concern with client
Get T183 signed
Process tax return with CRA
Check assessment once processed, compare with submission
Documents along with tax return and assessment to be given to client, copy may be scanned if business, rental, or emailing to client or high probability of return to e required in future for third party, ie mortgage renewals, etc.
"The Hill We Climb" is a poem written and recited by Amanda Gorman at the inauguration of Joe Biden on January 20, 2021. The poem was written in the weeks following the 2020 United States presidential election, with significant passages written on the night of January 6, 2021, in response to the storming of the United States Capitol. Gorman was twenty-two years old when she recited the poem, making her the youngest inaugural poet ever.
"The Hill We Climb" was widely praised for its message, phrasing, and delivery. Critics generally considered the recitation one of the highlights of the inauguration. Many felt that the poem represented a call for unity and would remain relevant beyond the inauguration. Gorman drew large amounts of attention, particularly on social media, after the poem's recitation and several collections of her poetry topped best seller lists."
When day comes, we step out of the shade aflame and unafraid. The new dawn blooms as we free it. For there is always light. If only we’re brave enough to see it. If only we’re brave enough to be it. Amanda Gorman, "The Hill We Climb"
When day comes we ask ourselves, where can we find light in this never-ending shade? The loss we carry, a sea we must wade We've braved the belly of the beast We've learned that quiet isn't always peace And the norms and notions of what just is Isn’t always just-ice And yet the dawn is ours before we knew it Somehow we do it Somehow we've weathered and witnessed a nation that isn’t broken but simply unfinished We the successors of a country and a time Where a skinny Black girl descended from slaves and raised by a single mother can dream of becoming president only to find herself reciting for one And yes we are far from polished far from pristine but that doesn’t mean we are striving to form a union that is perfect We are striving to forge a union with purpose To compose a country committed to all cultures, colors, characters and conditions of man And so we lift our gazes not to what stands between us but what stands before us We close the divide because we know, to put our future first, we must first put our differences aside We lay down our arms so we can reach out our arms to one another We seek harm to none and harmony for all Let the globe, if nothing else, say this is true: That even as we grieved, we grew That even as we hurt, we hoped That even as we tired, we tried That we’ll forever be tied together, victorious Not because we will never again know defeat but because we will never again sow division Scripture tells us to envision that everyone shall sit under their own vine and fig tree And no one shall make them afraid If we’re to live up to our own time Then victory won’t lie in the blade But in all the bridges we’ve made That is the promised glade The hill we climb If only we dare It's because being American is more than a pride we inherit, it’s the past we step into and how we repair it We’ve seen a force that would shatter our nation rather than share it Would destroy our country if it meant delaying democracy And this effort very nearly succeeded But while democracy can be periodically delayed it can never be permanently defeated In this truth in this faith we trust For while we have our eyes on the future history has its eyes on us This is the era of just redemption We feared at its inception We did not feel prepared to be the heirs of such a terrifying hour but within it we found the power to author a new chapter To offer hope and laughter to ourselves So while once we asked, how could we possibly prevail over catastrophe? Now we assert How could catastrophe possibly prevail over us? We will not march back to what was but move to what shall be A country that is bruised but whole, benevolent but bold, fierce and free We will not be turned around or interrupted by intimidation because we know our inaction and inertia will be the inheritance of the next generation Our blunders become their burdens But one thing is certain: If we merge mercy with might, and might with right, then love becomes our legacy and change our children’s birthright So let us leave behind a country better than the one we were left with Every breath from my bronze-pounded chest, we will raise this wounded world into a wondrous one We will rise from the gold-limbed hills of the west, we will rise from the windswept northeast where our forefathers first realized revolution We will rise from the lake-rimmed cities of the midwestern states, we will rise from the sunbaked south We will rebuild, reconcile and recover and every known nook of our nation and every corner called our country, our people diverse and beautiful will emerge, battered and beautiful When day comes we step out of the shade, aflame and unafraid The new dawn blooms as we free it For there is always light, if only we’re brave enough to see it If only we’re brave enough to be it
Step 1: learn not to eat or snack at night. Tell yourself no more food after 7pm. Don’t eat again until at least 7am. 12 hours is easy - you will be sleeping for most of it. But this will get you used to the idea of there is a period of time each day where eating is off limits. After a while, it will become natural. To minimize transition pain and hunger, do this for 2 weeks before extending the fasting window.
Step 2: after 2 weeks of a 12 hour fasting window, begin to simply skip breakfast. Lunch will be your first meal. I like to do 7pm to 12 noon the next day to get a 17 hour fast each day. That gives me 7 hours to eat. There are several ways I like to do this. Some days, I’ll have lunch, a mid-afternoon snack, dinner and and after dinner snack. While this gives me better meals than if I were eating 6 small meals a day, I will sometimes just do 2 meals: lunch and dinner in my eating window. This way, both of those meals can be satisfying meals while I still stay at a calorie deficit. Or I will do 1 snack instead of 2.
Step 3: After you are used to the 16–17 hour fasting window for some time, at least a month, you should occasionally do a 20 to 24 hour fast. By the time you are used to the 16 hour window, extending it will actually be easier than you think. There will not be hunger or fatigue because you will be well fat adapted. How “occasionally” should you do this? Usually a couple of times a month. You will know when you should. Maybe you were on vacation and had a major cheat day or three and didn’t care what you ate. An extended fast can quickly get you back on track.
The main thing to understand as you integrate IF into your daily routine is that there will be a transition period of a couple of weeks to a couple of months. During the transition period, you may get hungry or you may feel fatigued. This will go away as you become fat adapted. In fact, once you get used to IF, you will have less hunger and cravings if any and you will have more energy than before.
