#Calgary Financial Statements Advisor

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https://srprofcorp.com/financial-statements-advisor-in-calgary/

Financial Statements Advisor in Calgary: S. Rikhi Professional

Unlock financial clarity with S. Rikhi Professional Corporation, your trusted financial statements advisor in Calgary.

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What is the Importance of Accounting for Small Businesses?

Accounting is a critical function for any small business, playing a pivotal role in financial management, compliance, and growth. For small business owners, effective accounting goes beyond simply keeping the books in order; it’s a cornerstone for strategic decision-making, business sustainability, and expansion. Below, we explore why accounting is essential for small businesses and how a professional partner like Tax Buddies can streamline this vital process.

Why is Accounting Important for Small Businesses?

1. Accurate Financial Tracking

   - Accounting allows businesses to maintain accurate records of income, expenses, and profits. By tracking these financial metrics, small businesses gain a clear understanding of their financial health, enabling them to make informed choices about spending, investments, and savings.

2. Budgeting and Financial Planning

   - Budgeting helps businesses allocate resources efficiently, avoiding overspending and ensuring adequate funds are reserved for essential expenses. Accounting data is foundational for creating and adjusting budgets that align with both short-term and long-term business goals.

3. Compliance and Legal Requirements

   - Tax laws and financial regulations vary by region, and maintaining compliance is mandatory. A well-structured accounting system helps small businesses adhere to these regulations, reducing the risk of audits and penalties. Accurate bookkeeping ensures that tax filings are completed correctly and on time, preventing potential legal issues.

4. Enhanced Cash Flow Management

   - Cash flow is the lifeblood of any small business. Good accounting practices allow owners to track and forecast cash flow, ensuring they have sufficient funds to cover day-to-day expenses and invest in growth opportunities. Improved cash flow management prevents financial shortfalls and supports smoother business operations.

5. Informed Decision-Making

   - Accounting insights empower small business owners to make strategic decisions that drive growth and profitability. Understanding financial data enables businesses to identify strengths and weaknesses, evaluate opportunities, and make data-driven choices about product lines, services, and market expansion.

6. Better Business Credibility and Access to Financing

   - Financial records are critical when seeking financing or attracting investors. Lenders and investors require reliable financial statements to assess a business’s viability. Accurate accounting practices increase a business’s credibility, making it easier to secure loans or investments when needed.

How Tax Buddies Support Small Businesses with Accounting and Tax Services?

Tax Buddies (located in Calgary, Canada) is a professional CPA-managed firm that specializes in assisting small businesses with tax preparation, financial reporting, and overall accounting needs. Here’s how Tax Buddies helps small businesses thrive:

1. Comprehensive Tax Services

   - Tax Buddies ensures that businesses stay compliant with tax regulations, reducing the stress and complexity of tax preparation. By providing expertise in personal tax and small business tax services, they help businesses navigate tax seasons with ease, avoiding costly penalties or errors.

2. Personalized Financial Advisory

   - Recognizing that every small business has unique financial needs, Tax Buddies offers tailored financial advisory services. Their advisors work closely with businesses to provide strategies that optimize tax savings, manage cash flow, and plan for future growth.

3. Efficient Accounting Solutions

   - With professional accounting services, Tax Buddies helps small businesses establish accurate financial records. They manage tasks such as bookkeeping, payroll processing, and financial reporting, allowing business owners to focus on their core operations while gaining insights into their financial performance.

4. Strategic Financial Planning

   - Tax Buddies guides small businesses in creating realistic financial goals and strategies. From budgeting and forecasting to investment planning, they offer practical solutions to help businesses manage expenses, enhance profitability, and grow sustainably.

5. Ongoing Support and Resources

   - Unlike larger firms, Tax Buddies provides a personalized touch, offering ongoing support throughout the year. Small business owners benefit from continuous access to expert guidance, ensuring they have the support they need to adapt to financial challenges and regulatory changes.

Conclusion

Accounting is integral to the success of any small business, providing the financial clarity and compliance needed to thrive. With a professional partner like Tax Buddies, small businesses can streamline their accounting and tax needs, gain expert financial guidance, and achieve greater peace of mind. Their services empower businesses to focus on growth, knowing that their financial management is in capable hands. For more information on how Tax Buddies can support your business, visit our website.

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Advantages of Our Tax Accountant Calgary

Among the accounting services we provide are financial statement preparation, corporate and personal tax advisory, estate and trust tax planning, bookkeeping services, and personal tax services. We provide personal tax services in Calgary, and the surrounding areas. We are a team of dedicated accounting professionals in Calgary with the best qualifications and credentials in the CGA area. We are not tax preparers; rather, we are tax professionals with in-depth knowledge of the Canadian tax code and significant practical application expertise.

Our Tax accountant Calgary employ cutting-edge and tried-and-true tax reduction strategies relevant to the client's asset holdings profile, income bracket, and personal objectives to ensure that we maximize your return.

A Better Return's Hidden Formula!

The specific issues with personal income taxes are something we at our office are aware of. We have a group of accounting specialists in Calgary who have earned the highest CGA credentials and accreditations. Having an experienced staff at your disposal will help you avoid CRA complications and give you the chance to save money in a variety of ways. Additionally, we'll help you make sure your tax returns are accurate and submitted on time.

Instead Of Your Tax Preparers, Think of Us As Your Tax Partners!

We promise that your return will be completely accurate and completed by a tax advisor who has specific understanding of your individual tax situation. We can help you with all tax-related issues and can help you with all federal, and local income tax returns. Our knowledgeable and experienced individual tax accountants can help you with planning and preparation. We specialize in offering useful assistance at a fair price while accurately, efficiently, and promptly preparing your personal income taxes. Our skilled tax professionals will ensure you collect all the deductions to which you are entitled while also accelerating the repayment process by filing papers with the CRA and other tax authorities.

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The Complete Guide to Choose Financial Planner in Calgary

Consumers are presented with an all-round monetary professional, all of whom could also be vying for his or her business. “Financial advisor" and "financial planner" are titles for people who help consumers manage their money. Every financial planner is additionally a kind of monetary advisor, but every financial advisor is not necessarily a financial planner. There are quite 100 certifications available that a financial advisor might attain.

A financial planner in Calgary could be a professional who helps companies and individuals create a program to satisfy long-term financial goals. When choosing a financial planner, it is important to know the financial planning landscape. As per the Financial Industry administrative unit (FINRA), almost anyone can claim to be a financial planner and might come from many alternative backgrounds. Financial planners can be brokers or investment advisors, insurance agents, practicing accountants, or individuals with no financial credentials.

The scope of designing would usually include the following: Risk management and insurance planning, Investment and planning issues, Retirement planning, Tax planning, Estate planning & income, and liability management.

The personal financial planning process is described in ISO 22222:2005 as consisting of six steps: establishing and defining the client and private financial planner relationship, gathering client data and determining goals and expectations, analyzing and evaluating the client's financial status, developing and presenting the finances, implementing the financial planning recommendations & monitoring the financial statement and also the financial planning relationship.

In Calgary, "financial planners" are unregulated in every province. There are currently no restrictions, no educational prerequisites, and no licensing requirements for people calling themselves financial planners, or for businesses using "financial planning" in their name or services offered.

Many financial advisors in Canada call themselves financial planners yet only hold licenses to sell personal financial products (primarily investments and insurance), or use non-expiring qualifications with not monitoring or public accountability process (such because the Personal Financial Planner / PFP designation). There are only two publicly monitored and fully regulated financial planning designations — the CFP (Certified Financial Planner) and, the R.F.P. (Registered Financial Planner) designations.

The R.F.P. is the older (established in 1987) and more stringent of the 2 publicly monitored designations. All R.F.P.s must first demonstrate their competency, then abide by a code of ethics and cling to rigorous practice standards as defined by the granting body, the Institute of Advanced Financial Planners (IAFP). Every R.F.P. must attest annually that financial planning is their primary vocation.

 Several Financial Planners in Canada also obtain the Chartered Financial Divorce Specialist (CFDS) designation which is simply available through the AFDS and requires ongoing qualification. While financial planners can hold both designations, Financial Divorce Planners aren’t permitted to manage a client’s investments while also performing on their divorce because it is deemed a conflict of interest.

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5 tips to buy an apartment

Buying an apartment is different from buying other types of property because you do not own your unit or unit, but you also participate in the building. Buying a condo can be a great option if you are well versed and it took time to check out some important things. Here are 5 tips to help.

1. Make sure you can afford it

First things first - make sure your ability to buy an apartment. It's a big investment and there are a number of costs to consider such as the first payment, notary fees and inspection fees, and if you live in Quebec, the welcome tax.

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Set up a meeting with an advisor  in your financial institution or mortgage broker to determine how much you can borrow so you can find an apartment within your budget.

2. Should you buy a new or resale?

Now that you have known your budget, it is time to decide whether you want to buy a new apartment or resell it. There are advantages for both, and that depends only on what you're looking for.

New apartment You are the first to live in an apartment, so you can customize it. The developer will let you choose the color of some materials. There should be no maintenance or renewal fees for several years. In addition, you can often get a good buy-out plan. However, you need to consider the taxes when buying a new dwelling.

Used apartment You can see what you are already buying. You get an apartment date that will give you insight into the management style and people living in the building. You will also know how much money is in the reserve and whether the building has a maintenance program.

3. Ask for documents and related information

This step is crucial. Have reasonable time to consult with all procurement documents.

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Apartment fees and reserve funds Find out how much the apartment charges for your unit. They used to pay for repairs and upgrades in public buildings. Also check that the building has a reserve box and make sure it is large enough to cover any planned work. Do not want to end up with any sudden special ratings!

Financial statements, minutes, maintenance records and other administrative documents These documents will give you an idea of ​​how to manage a common property union, its financial health, how co-owners co-exist, and other useful information. Taking a closer look at them is the only way to make sure you make the right decision.

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Shared Property Declaration and Site Certificate The joint ownership declaration of the building is a contract that defines the private and public areas and the rights and obligations of each joint owner. It's basically Angel's living. The site's certificate describes living spaces.If you are buying a new home, ask for documents such as the builder's initial contract, inspection report, and late closure / occupancy guarantees

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4. Be aware of changes to the Joint Property Law (Quebec)

CIPC is currently in the process of reforming the common property law, so you will need to keep abreast of the key changes shown below. The bill, introduced in April 2019, aims at improving the maintenance of the apartment, among other things. In some cases, this may mean an increase in apartment fees, but also better management of the common property union.

5. Get proper insurance Make sure you have adequate insurance coverage.

Private apartments require two kinds of insurance: the joint owner insurance you pay and the insurance paid by the joint property association of the entire building. Consult the insurance contract before buying the apartment until you know what is covered, the amount of the discount, and other important information. You will also need to purchase your home insurance for the participating owners to cover your portion, your personal property and civil liability.

 finally!

This is! You are now ready to apply and find the future apartment. Follow these tips and you are sure to find the right apartment for you and avoid any unpleasant surprises. You will also save a set of time !

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When planning a destination wedding, you have to include all the information when creating your own wedding website. This video provides some great tips on creating the site so that you don’t get too stressed, and helps you remember what you will need to include in the site to make sure you cover everything. However, destination weddings require considerably more information that you will need to gather to get started cold shoulder long evening gowns, including: The innovative services that have been developed to make the internet a very beneficial medium of interaction and service-provision made it possible to do just about any type of transaction online without having to worry about safety or security issues.When purchasing swimwear ihdpiyhjsjlijk_ouiols online, its hard to know where these materials are coming from and which country or factory is been made in. Dear Frankie is a Canadian made and distributed company so you can know your clothing isn’t made in a foreign sweatshop overseas where conditions are poor formal dresses under 200.

The property purchased through the investment fund may not be available for personal use, as the property will effectively be an asset of the pension fund. Both pension funds and the property to be purchased will be required to have authorization from the Financial Services Authority (FSA) beaded prom dresses under 200. Full details and advice should be obtained from a pension advisor or a tax specialist to receive advice tailored to individual requirements. La Universitat de Barcelona presenta un cicle de conferències sobre la relació entre el lleure, la cultura, la psicologia social i el benestar. Presentades i dirigides per el  doctor Robert. A Stebbins, de la Universitat de Calgary, l’objectiu principal és apropar els participants a les teories i exemples pràctics sobre “l’oci serós�?i el seu impacte sobre la cultura i la societat. The camera consumes little power, having no tape mechanism, is less prone to damage from falls and bumps, and with the soon to be available 32 GB memory cards, it will provide virtually unlimited recording (12 hours at the lowest quality setting for a 32 GB card). Present in the HF100 is the ever-more-popular 24P CineMode that is migrating down from professional and prosumer models junior bridesmaid. Perhaps more interesting is the 30P mode, which is making a return after years of absence in Canon camcorders. When compared with 24P, it maintains the look of progressive, full-frame shooting while reducing the motion blur. This allows for the shooting of faster moving, action-oriented scenes, which adds to the earlier travel camera recommendation. Related recommendations: keys are well set and they are made of a metal alloy plus size tea length wedding dresses（*&……%-074 )(*YGlkghjkl these women will not know about selecting the perfect swimsuit for them dinner gown styles " The reason for that vedlalaormaihs_iah is when the special day ends you will have all the cake and food eaten flowing evening dresses Girls love to flaunt their trendy and stylish bag to make a style statement of their own bridesmaid dresses&^%^&*-

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https://srprofcorp.com/unleashing-the-expertise-of-calgary-accountants/

Unleashing the Expertise of Calgary Accountants

Top-notch financial services with Calgary accountants at S. Rikhi Professional. Optimize your taxes, plan strategically, and ensure compliance.

[saraccounting]

Our Tax Consultant in Calgary with Top-Notch Quality

We are tax strategists who are aware that small businesses today must find practical solutions to some of their most challenging issues. Our experts will provide you with workable tax and business solutions that are crucial to your success with their years of experience with both corporate and individual taxes.

Our tax consultant Calgary offers best services to business owners who want to revitalize their operations while relieving unneeded stress and anxiety. From the outset, our staff works closely with you to get to know you, your family, your business, and your sector in order to give individualized advice and tax solutions.

Despite their complexity, we can understand taxes. Allow us to handle everything so that you can focus on your work. You are in charge of making decisions, but you will base them on the factual information given to you by a group of knowledgeable advisors.  Reduce your tax-related anxieties and concentrate on what is truly essential. Contact us right away to see how our tax consulting services might help you.

Making Tax Planning for Financial Security

Our tax preparation, filing, and help services are available to Calgary families and small businesses.

Personal Income Tax

All throughout the year, tax planning and return filing advice is offered to help you effectively manage your earnings, expenses, commitments, and investments in order to attain financial security and wellbeing.

View Personal Income Taxes and Business Taxes

Optimize your tax strategy for sustained business growth. We offer corporate tax preparation, assistance with correspondence, tax support services, and assistance with business tax planning.

Services for Assurance

By improving your financial management with bookkeeping services, financial statement production, and analysis, you can make smarter business decisions.

Your Top Choice for Tax Services

Our tax consultant Calgary is committed to providing a range of tax services, such as the creation and submission of both corporate taxes and individual tax returns. We will thoroughly explain the GST process to you so that you are aware of which transactions are eligible for a Canada Revenue Agency refund because we are professionals in meticulous and effective tax planning. We may also help to prepare and file all of your tax returns on your behalf. All of our services are handled skillfully, methodically, and affordably.

Conclusion

Our research frequently discloses deductions that you would have unnoticed, reducing your tax liability. If your small business is having issues with the Canada Revenue Agency, we have all the credentials and knowledge that is required to properly defend you.

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10 ways women can grow their wealth

New Post has been published on http://personalcoachingcenter.com/10-ways-women-can-grow-their-wealth/

10 ways women can grow their wealth

Women can often have a tougher time than men when it comes to money. That’s not because women are bigger spenders than men or that they simply aren’t interested in building wealth and investing. The truth is, there are real structural roadblocks to attaining financial freedom for women compared to their male counterparts.

We’ve all familiar with the gender gap statistics. A recent Maclean’s article highlighted a 26 per cent gap between full-time wages paid to men and women in Canada.

But it doesn’t end there. Women feel financial headwinds in a lot of areas. Surveys clearly bear this out. For instance, according to a November 2017 survey done by Los Angeles-based Capital Group Companies, one of the largest investment management firms in the world, even though women believe they have more economic power as investors than they do in the workplace, eight out of 10 women have personally experienced negative stereotypes about their investing know-how and financial contributions to the household.

Of course, there’s gender price discrimination, known as a “pink tax” (meaning women pay more for “female” versions of products than men do for similar products), wage bias, career bias, investing bias (where men are seen as better investors than women) and wealth building bias (the idea that since women make less and invest less, they also build less wealth over a lifetime). There are plenty of barriers some women can face to getting ahead financially.

Happily, there’s no better way to overcome these barriers than with a good, old-fashioned emergency fund—or what some women would be right to call an FU-fund, especially if they don’t otherwise have the resources to act as a cushion while getting out of a messy divorce, or while taking some extra time with their kids as a single parent. An FU-fund is a constantly growing stash of cash that allows women the time and financial resources they need to better their lot in life—whether it’s quitting a stalled job, adding more skills training or professional credentials.

“An emergency fund and having some of your own money is really about having choices,” says Calgary-based Rose Raimondo, a certified financial planner and owner of Raimondo and Associates. “You don’t want to be cornered and then feel stuck with no money of your own.”

MoneySense is here to help. Here are 10 things you can now to improve your bottom line for the long term.

1. Shop wisely

That means buying men’s versions of almost anything. In many cases—whether it’s beauty products, haircuts, clothes or dry-cleaning—gender-based pricing is a real thing. Known as the “pink tax” it means women end up paying tens of thousands of dollars more over a lifetime for the same goods and services that men do. In fact, a study done in December 2015 by New York City’s Department of Consumer Affairs found that, on average, products for women cost 7 per cent more than similar products for men and women’s products were priced higher 42 per cent of the time.

So what should you do? “Change the gender gouging to your advantage,” says Rita Silvan, an investment and lifestyle editor with goldengirlfinance.com. “Look at generic items like shampoo, soap, razors, and deodorant and shop the men’s shop first…My mother even goes to a barber for a short pixie cut where she pays $20 instead of $100. At the end of the day, hair is hair.” Silvan also recommends that women keep mental track of how much they’re saving. “It can be substantial,” says Silvan. For instance, if you put $5,000 away each year from shopping with the strategy to avoid the pink tax and for 30 years you put that money in an emergency fund and invest it at a modest 5% average annual return, you’ll have $370,413. They key? Tracking your spending. Learn more here.

2. Ask for a pay raise

Start negotiating a raise every year. “Negotiation is a learned skill,” says Raimondo. “Understand what the job is worth and what you’re worth so you’re in a better position to negotiate a raise.” Silvan recommends taking further steps. “If the answer is ‘no’ when you ask for a raise the first time, keep trying. And before you leave your manager’s office get a firm commitment that the two of you can talk about this again in six months’ time.”

Here are some guidelines for achieving negotiating success. Here are steps on how to actually ask for a raise. And for inspiration, here’s one single mom’s story on how saving an emergency fund helped her make bigger life decisions. Oh, and if you’ve learned you’re being paid less than a male colleague, here’s what you can do about it.

3. Don’t neglect your career

Why do women still flock to fields such as education and health sciences while more men choose engineering? A big part of the answer is societal factors that tend to lead girls to underestimate their own abilities and a lack of role models at top levels. Add in other factors, like the fact that many women drop out of the workforce due to maternity leave or decreased hours to accommodate family responsibilities, and it’s easy to see how women fall off the career track.

What helps in closing the career gap is understanding the ramifications of your decisions. “If you decide to drop out of the workforce for 10 years to raise a family, create a 10-year-plan,” says Caird Urquhart, founder, and president of Newroad Coaching in Toronto. “In years 8 and 9, start planning your re-entry, whether it’s by upgrading your skills, working part-time, or simply working a bit from home.” Still dreaming of scoring your dream job? Here are steps towards landing it.

4. Pay yourself first

That means taking 10% gross from your pay and tucking the money away in your FU-fund. Depending on your situation, you might even want to insist on a monthly allowance for yourself from a wage-earning partner while you’re out of the workforce—whether it’s to raise kids, retrain, or become a caregiver to elderly parents. Save a 10% portion of that and keep topping up your FU fund so you can dip into it as needed. Here’s what you need to know to automate your savings.

5. Set financial goals

Once you’ve paid off debt and have a job you like, sit down and set some goals. “If you’re married, or in a relationship, don’t leave it up to your partner to do this alone,” says Urquhart. “It’s not smart to let men control everything in your life. Help draw up the family budget and weigh in on what the family’s goals should be.” Here’s how to also prioritize your financial goals.

6. Get a good advisor

You need to know how your money is spent and invested. Start by choosing a financial advisor you trust and then meeting with him or her annually. Here’s a cheat sheet on how to find the ideal advisor.

7. Educate yourself

Read a couple of personal finance books. It really doesn’t matter which book you start with and what financial savings path you take—as long as you keep moving forward.

8. Understand asset allocation and risk tolerance

“Women, in general, gravitate to low volatility investments—GICs, bonds, and the like,” says Silvan. “But that’s often because they earn less and have less in savings to work with. Women with larger disposable incomes can take more risk.” Here’s why diversification matters.

9. Keep investments simple and cost-effective

Finding one good balanced fund and putting your emergency savings into it is often all that’s needed. Or, simply opting for one of the new Vanguard Exchange-traded funds (ETFs) that have all the diversification you need built right into one low-fee fund is also a good move. You can learn more on that here.

And while you’re at it, read Jennica’s story of how she built a simple low-cost portfolio with balanced funds. It’s eye-opening.

10. Monitor your wealth

Wealth is the difference between an individual’s assets and liabilities. But the concept of wealth is so much more. It’s the ability to pay for an emergency or other unexpected expense, the freedom to buy a home or pursue higher education and the security of having enough for retirement. In short, wealth is stability and opportunity.

Draw up an annual net worth statement to see if you’re on track with your financial goals—and to ensure you’re topping up your FU-fund if you’ve dipped into it over the course of the year. If you do this one simple step, you’re more likely to have financial success.

MORE ABOUT SALARIES:

Age, not gender, the new income divide in Canada

Pay raises to average 2.79% in 2015

ETF newcomers

Real estate reality

Are annuities the new RRIFs?

You’re paid more than you think

Where to get a raise

Car insurance costs

Source, N;

[mikemortgage]

How spring cleaning your portfolio can do more harm than good

Spring is in the air and the days are getting longer, the trees are budding and the convertible tops are itching to come down. It’s a time of year when people often make major lifestyle changes, such as deciding to expand a family, finalizing an early retirement or pulling the trigger on buying a new home or vehicle.

But spring is also tax season, and that means it’s a time when investors look under the hoods of their portfolios, a process that can lead to changes in that department as well.

Unfortunately, the focus during a portfolio reviews is often on why management fees are a few basis points too high and/or why performance a few basis points behind a passive benchmark or another investment manager.

For those who can’t print money, an inverted yield curve is not something to trifle with

Stop chasing the market and grow your family’s wealth with this portfolio strategy

Get clear on investment goals so your adviser can help you build, not damage, your family’s wealth

A common industry response is to provide reassurance as to which direction the market is headed, the near-term economic outlook, or the addition of the newest and most exciting investment products.

The problem is that such an approach can end up causing more harm than good. Instead of allowing major lifestyle factors to dictate the management of the portfolio, investors wind up distracted from their long-term goals and objectives.

For example, a 2014 Vanguard report showed that performance-chasing resulted in portfolio underperformance of 30 to 40 per cent compared to a simple buy-and-hold strategy. According to a John Hancock report, those who invested $10,000 in the S&P500 from 1998 to 2017 but missed the 40 best days saw their portfolio shrink to $7,190 compared to a $53,497 gain for those who were fully invested over this period.

In today’s environment, those who trimmed back their equity exposure on a weakening economic outlook have missed out on some solid returns with the S&P/TSX gaining more than 12 per cent this year, for its strongest start in more than 19 years.

In regards to fees, while it’s important to not be overpaying, seeking out the lowest fee alternative doesn’t necessarily imply reliability and certainly doesn’t mean something can’t go wrong. The same could be said about those higher-fee alternatives promising superior returns but at the same time taking away your liquidity and changing the risk profile of your portfolio.

Any portfolio assessment should begin with your Investment Policy Statement, and ensuring that it reflects your personal circumstances, financial position and specific goals. The current design of your portfolio should then be measured to make sure it is structured to meet these goals.

As a next step, try to determine how well the portfolio is being managed by looking at the variability of your returns and if you are on track to meet your objective. It’s important to remember that performance isn’t solely driven by good old-fashioned stock picking but also managing cash flows, portfolio asset allocation and risk through both the good and bad times in the market.

Make sure you keep your advisor apprised of any major changes in your personal circumstances: asset weights may need to be rebalanced following major lifestyle events and/or material move in the market.

Shifting the focus to these factors will also help prevent emotions — such as loss aversion, anchoring and the fear-of-missing-out — from influencing your portfolio.

Finally, it’s important to remember that old axiom if “it ain’t broke, don’t fix it.” While the season is changing it doesn’t mean your portfolio needs to.

Martin Pelletier, CFA is a Portfolio Manager and OCIO at TriVest Wealth Counsel Ltd, a Calgary-based private client and institutional investment firm specializing in discretionary risk-managed portfolios as well as investment audit and oversight services.

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TransCanada Does Not Endorse Mini-Tender Offer by TRC Capital

CALGARY, Alberta , Aug. 16, 2018 (GLOBE NEWSWIRE) — News Release — TransCanada Corporation (TSX, NYSE: TRP) (TransCanada) has been notified of an unsolicited mini-tender offer by TRC Capital Corporation (TRC Capital) to purchase up to 2,500,000 common shares of TransCanada, representing approximately 0.28 per cent of TransCanada’s outstanding common shares at a price of CDN $55.35 per common share. TransCanada does not endorse this unsolicited mini-tender offer.

Shareholders are cautioned that the mini-tender offer has been made at a 4.32 per cent discount to the closing price of TransCanada’s common shares on the Toronto Stock Exchange on August 14, 2018, the last trading day before the mini-tender offer was announced.

Any person considering tendering to the offer should consult his or her financial advisor.

TransCanada does not endorse TRC Capital’s unsolicited mini-tender offer and is not associated with TRC Capital, the mini-tender offer, or the offer documentation. TRC Capital has made similar unsolicited mini-tender offers for shares of other companies.

According to TRC Capital’s offer documents, TransCanada shareholders who have already tendered their shares may withdraw their shares at any time before 12:01 a.m. (EDT) on September 14, 2018, by following the procedures described in the offer documents.

With more than 65 years’ experience, TransCanada is a leader in the responsible development and reliable operation of North American energy infrastructure including natural gas and liquids pipelines, power generation and gas storage facilities. TransCanada operates one of the largest natural gas transmission networks that extends more than 91,900 kilometres (57,100 miles), tapping into virtually all major gas supply basins in North America. TransCanada is a leading provider of gas storage and related services with 653 billion cubic feet of storage capacity. A large independent power producer, TransCanada currently owns or has interests in approximately 6,100 megawatts of power generation in Canada and the United States. TransCanada is also the developer and operator of one of North America’s leading liquids pipeline systems that extends approximately 4,900 kilometres (3,000 miles), connecting growing continental oil supplies to key markets and refineries. TransCanada’s common shares trade on the Toronto and New York stock exchanges under the symbol TRP. Visit TransCanada.com to learn more, or connect with us on social media.

FORWARD-LOOKING INFORMATION

This publication contains certain information that is forward-looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as “anticipate”, “expect”, “believe”, “may”, “will”, “should”, “estimate”, “intend” or other similar words). Forward-looking statements in this document are intended to provide TransCanada security holders and potential investors with information regarding TransCanada and its subsidiaries, including management’s assessment of TransCanada’s and its subsidiaries’ future plans and financial outlook. All forward-looking statements reflect TransCanada’s beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this news release, and not to use future-oriented information or financial outlooks for anything other than their intended purpose. TransCanada undertakes no obligation to update or revise any forward-looking information except as required by law. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to the Quarterly Report to Shareholders dated August 2, 2018 and 2017 Annual Report filed under TransCanada’s profile on SEDAR at www.sedar.com and with the U.S. Securities and Exchange Commission at www.sec.gov.  

Media Inquiries: Grady Semmens 403.920.7859 or 800.608.7859

TransCanada Investor & Analyst Inquiries: David Moneta / Duane Alexander 403.920.7911 or 800.361.6522

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Volkmar Guido Hable  to meet with Trump advisors on Keystone XL and Dakota Access oil pipelines.

Volkmar Guido Hable  to meet with Trump advisors on Keystone XL and Dakota Access oil pipelines.

As U.S. President Donald Trump signed orders on Tuesday smoothing the path for the controversial Keystone XL and Dakota Access oil pipelines in a move to expand energy infrastructure and roll back key Obama administration environmental actions, Volkmar Guido Hable,  shareholder of both pipeline projects,  met with close Trump advisors to discuss key staekholdings in the Dakota access oil pipeline.

Oil producers in Canada and North Dakota are expected to benefit from a quicker route for crude oil to U.S. Gulf Coast refiners, added Volkmar Guido Hable in a press conference call afterwards. But going ahead with the pipelines would mark a bitter defeat for Native American tribes and climate activists, who successfully blocked the projects earlier and vowed to fight the decisions through legal action.

Stated Volkmar Guido Hable, “as much as shareholders in these important pipeline projects wish to move ahead, I still feel it important to discuss possible modifications of the projects with the local population and First Nations.” Volkmar Guido Hable further emphasized that he would feel much more comfortable if a common solution could be reached with the groups opposed to the pipeline projects.

Trump campaigned on promises to increase domestic energy production. Before taking office he said the Dakota pipeline should be completed and that he would revive the C$8 billion ($6.1 billion) Keystone XL project, which was rejected in 2015 by then-President Barack Obama.

U.S. crude imports have fallen dramatically in recent years as domestic production has boomed, but the world's largest oil consumer still relies heavily on imports.

Even though Canada is already the biggest source of U.S. crude imports, boosting the flow from a close ally is seen in Washington as a way to improve U.S. energy security.

"It goes to show we as a nation build infrastructure that is part of a comprehensive energy plan to make our energy secure," Republican Senator John Hoeven of North Dakota told Reuters.

TransCanada Corp said it would resubmit an application for a permit for Keystone XL after Trump signed an order saying the company could re-apply. The application will be reviewed by the U.S. State Department, which has 60 days to reach a decision.

The orders look set to undo victories won by protesters in North Dakota against Energy Transfer Partners, which has nearly completed construction of the Dakota line. Despite the advanced phase of the project, the Obama administration in December denied the company a permit to tunnel under the Missouri River.

Protesters rallied for months against plans to route the $3.8 billion pipeline beneath a lake near the Standing Rock Sioux reservation, saying it threatened water resources and sacred Native American sites.

At one point, nearly 10,000 people had flocked to federal land in North Dakota, including 4,000 veterans after protests turned violent at times. The main protest camp has dwindled to several hundred after the Standing Rock tribe asked activists to leave when the U.S. Army Corps of Engineers denied the easement.

In a statement on Tuesday, the Standing Rock Sioux said they would fight the orders.

"Americans know this pipeline was unfairly rerouted towards our nation and without our consent. The existing pipeline route risks infringing on our treaty rights, contaminating our water and the water of 17 million Americans downstream," said Dave Archambault II, chairman of the Standing Rock tribe.

OIL INDUSTRY CHEERS

The North Dakota Petroleum Council, the trade group for state oil producers relying on Dakota Access to expand their crude transport options, cheered Trump's order. About 1 million barrels a day are currently produced in North Dakota.

"We think this is a great step forward for energy security in America," said Ron Ness, the council's president.

However, Volkmar Guido Hable, urged caution and restraint, by argueing that a humble approach to address concerns should be taken in order to generate a broader approval base for the two projects.

After meeting with advisors Volkmar Guido Hable stated that contamination and water supply issues are legitimate concerns, that should be addressed and taken seriously by all pipeline shareholders.

The more than 800,000 bpd Keystone XL pipeline would bring heavy crude from Canada to the U.S. Gulf Coast. The project was conceived nearly a decade ago, but since then the U.S. shale revolution has redefined oil flows, with domestic refiners finding themselves awash with supply and needing fewer imports.

Canadian Natural Resources Minister Jim Carr said in Calgary that Keystone XL has all the regulatory approvals it needs in Canada, and that the project would be "very positive for Canada."

Environmental activists campaigned against the Keystone XL pipeline for more than seven years, eventually winning a victory when Obama rejected the project in 2015.

Trip Van Noppen, president of nonprofit environmental law organization Earthjustice, said in a statement that Trump "appears to be ignoring the law, public sentiment and ethical considerations" with the decision.

TransCanada shares closed up 2.7 percent on the Toronto Stock Exchange.

Trump said on Tuesday in Washington that Keystone XL would create 28,000 jobs, but that figure is at odds with a 2014 U.S. State Department environmental study that said the project would create 3,900 construction jobs and 35 permanent jobs.

Shares of ETP, the company building the 450,000 barrel-a-day Dakota pipeline, ended the day up 3.5 percent in U.S. trading.

Trump owned ETP stock through at least mid-2016, according to financial disclosure forms, and ETP's chief executive, Kelcy Warren, donated $100,000 to his campaign.

'YOU CAN'T DRINK OIL'

The protest against the 1,172-mile (1,885 km) Dakota pipeline was concentrated around blocking a permit to tunnel under Lake Oahe, a reservoir that forms part of the Missouri River, adjacent to the Standing Rock reservation.

The Army Corps earlier this month said it would begin an environmental assessment that could delay the project further. Tuesday's White House memoranda said the Army and the Army Corps of Engineers should review and quickly approve permits for Dakota Access.

In Cannon Ball, North Dakota, protesters, many of whom have stayed at the camp for months, said they would continue fighting to protect the environment.

At a protest in front of the White House, a few hundred demonstrators shouted slogans and carried signs, including one that read: "Now environmental rapist."

"What happened today is an attack on our homes," said Jade Begay, a spokeswoman for the Indigenous Environmental Network, which fights against mining and dumping on native lands. "We are going to continue to show up at your home, Donald Trump."

In New York City, about 300 protesters gathered outside the Trump International Hotel and Tower, chanting slogans such as "If all lives matter, then Native lives matter" and "You can't drink oil, even in the soil."

Actress and activist Jane Fonda, speaking to protesters with a bullhorn, called Trump "the predator in chief" and warned of the danger of oil spills.

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