Author Archives: BHD

Office renovation

As mentioned in the last newsletter, the office will be closed next week (February 20-24) as we’re doing a small renovation and refresh. We built the office Fall 2003 so it’s time to upgrade and replace! I’ll take some pictures along the way and do a ‘before and after’ post in early March.

I will be checking my email and phone messages regularly as I work from my home office so if you need anything, please let me know.

Cheers,

Ben

MTC 10 Feb 12

Six weeks into the year; hopefully spring is just around the corner.  Please click here to read the latest edition of my newsletter.  There are a few interesting pieces, discussing the pending BC budget and the TFSA.  Your comments are welcome!

Cheers,

Ben

Check your calendar

Please take note of the following important dates:

  1. RRSP contributions – if you wish to make a contribution eligible for use on your 2011 tax return, the deadline is 29 Feb 12.  Please contact Pauline well in advance of this if you wish to add money to your RRSP or spousal RRSP.
  2. Your personal income tax return must be filed by 30 Apr 12 to avoid potential penalties levied by CRA.  If you plan to use NETFILE, the earliest available date is 13 Feb 12.
  3. If you or your spouse or common-law partner carried on a business in 2011 (other than a business whose expenditures are primarily in connection with a tax shelter), your return for 2011 has to be filed on or before 15 June 12. However, if you have a balance owing for 2011, you still have to pay it on or before 30 Apr 12.

TFSAs can receive contributions at any time, subject to available contribution room.  Many people may consider using a tax refund to top up their TFSA but please check with Pauline first to see if you have the eligible space.

If you need more information on any of the dates coming up this spring, please let us know and we’ll do our best to get you the appropriate answer.

Cheers,

Ben

MTC 27 Jan 12

Good morning!  This edition of my newsletter contains an interesting chart from the National Post on the topic of mortality in Canada – you may need to use the ‘zoom’ feature on your browser as some of the text is minute.  Death is probably not the topic you want to digest on your Friday but as Horace said, “Pale Death beats equally at the poor man’s gate and at the palaces of kings.”  Please click here to view the newsletter and have a great weekend!

Cheers,

Ben

My little pig, Monty…

I know this is an irregular thing to post to a financial planning website but I know many of you very well, for many years and you are friends.  Most of you know about my pet pig, Monty.  I just wanted to share my news with you and I apologize if I’ve been out of touch over the last few days or forgotten to finish tasks for you.

Early Tuesday morning, about 2am, my little pig Monty died in my arms.  I felt his last breath on my cheek.  He looked so peaceful when he finally died, his spasms and seizures over.  He was a brave little pig and really fought hard against the poison the vets think was ranging in his body, causing him to basically bleed to death from the inside out.  I haven’t stopped crying in the last 24 hours and I’m sure it will be a few more days before the fountains stop.  To be honest, my relationship with Monty is the first close relationship I’ve had which has ended in death.  I’ve known acquaintances who’ve died and my grandparents as well but they were all slightly distant relationships and many of them died when I was young.  I’m not trying to say that pets are more important than people but I’m sure you get my drift.

I guess I’m writing this mostly for myself as I don’t really expect people to understand how one can love a pig.  After all, he was an uncommon pet and, unfortunately, no one except Josée and I spent enough time with him to see how sweet he was, how he loved us and communicated with us (pigs can make up to 20 different noises you know!!) and how his cute little habits, like poking his head out of the dog house when we came home or knocking over the metal food bowl so we’d let him in at the door or sneaking away to a quiet corner to eat a bun, grew on us til he held a most special place in our lives.  Some people couldn’t get their heads around the fact we had a pet pig and he lived in the house at night, just like our dogs and cats.  Some people experienced the dreaded Monty nip as he tried to keep his place in our social hierarchy; but they didn’t see the intimate nuzzles he gave us, the endless times he would curl up and spoon us, grunting and oinking softly as we rubbed behind his ears or along his (rather ponderous) belly.

Our vets and their staff, at Shamrock, were wonderful, very supportive and concerned, as were my parents and our friend Lynn.  Monty was near death Monday morning, his red blood count at 10 when 40-45 is normal.  Joan and Saskia said if it dipped below 10, life was not sustainable.  Through a combination of treatments, they managed to raise his count by late Monday afternoon to 15, an increase they said was encouraging.  We took him home Monday evening, scared but a little more optimistic.  We fed him Gatorade, trying to help re-hydrate him and he gulped down syringe after syringe, obviously thirsty for the fluids and nutrients.  He had a few min-seizures or spasms but these last just seconds and then he relaxed.  Eventually, he started to breathe more regularly, even snoring gently a few times – as sign of improvement we thought.  Around 2am, Monty started into a seizure from which he just couldn’t recover.  I told him he could die if he needed to, that he didn’t need to fight anymore, that he didn’t owe us anything; anthropomorphizing, I know, but I loved him and I think he knew that even if he didn’t understand my words.  He started to hold his breath between spasms and then finally took one big breathe, exhaled over my cheek and he was gone.  I never knew the meaning of the expression broken heart until that moment but I do now.

I lay with Monty, soaking his peaceful, smiling face with my tears.  Mum and Dad arrived and gave us some hugs, as they’d done at the vet in the day time.  They didn’t say much and didn’t need to as just their support was nice.  We wrapped Monty in his blanket and I slept in the room with him; Josée slept with Tegan and Jack, our dogs, who were aware something had happened but weren’t quite sure what.  This morning, I got up and in the rain, dug a grave for Monty, a nice spot on the ridge near our ponds.  I think we’ll plant a dwarf apple tree on his grave because he loved apples!  Mum and Dad came back down and helped us move Monty to his grave; it was a very sad moment but I’m glad we buried him on our place.  Maybe I’ll put a bench up beside the apple tree as well for us to sit and reflect on the fun and loving times we had with Monty.

My grief is made worse by the tremendous sense of guilt I have.  Monty stopped eating on Friday and that should have been the number one warning sign but I downplayed it, thinking he maybe had a cold or just was feeling under the weather.  I should have taken him to the vet at that point to be sure and, while Monty probably would, I will never forgive myself.  Everyone says that I shouldn’t feel guilty, that it was “just his time” or a cliché of that ilk but they really don’t know and it doesn’t make it any easier, nor does it ease my feelings.  My guilt may never leave me but I know in time I will be able to remember Monty without the pain.  Until then, I will keep my pain beside me as it serves as a reminder of how much I loved Monty.

Thank you for your messages and condolences.  We have no children but Monty was our baby.  I think he had a short but sweet life with us and we were blessed to have him in our lives.  Rest, my little pig Monty – I’ll always love you.

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MTC 13 Jan 12

Happy New Year!  Welcome to the revised edition of the website; I built it over the Christmas holiday and will continue to improve it.  I’ll be posting my newsletters on the site and today is the first edition of 2012, featuring a couple of interesting graphs on charitable donations.  Please click here to view it.  For future reference, if you wish to share this (or any other post) with friends, just click one of the ‘share’ buttons below.  Thanks and I’ll be posting another update in short order!

Cheers,

Ben

Never make predictions…

We’ve all heard the famous quote from Casey Stengel “Never make predictions, especially about the future.”  I tend to agree.  Each January, most of the major banks release their prognostications for the upcoming year, generated by huddled masses of economists.  To review, please click the links below – they’re a riveting read, er….really!  While some of this information is useful, it’s interesting to note that nearly every one of these reports offers a different perspective on the same topics – someone has to be wrong!  The only consensus found is that interest rates will remain extremely low over the coming twelve months so if you have debt, take advantage of the low rates!

Scotia forecast          TD forecast

BMO forecast             CIBC forecast

In my daily research, I’ll treat predictions as they are – estimates and guess-timates.  I’ll continue to assess opportunities using Warren Buffett’s criteria and stay away from some of the glitz and glamour of making the ‘next big guess’.

Cheers,
Ben

Christmas @ Martine’s in Comox

We had a nice visit and supper at Martine’s Bistro in Comox on the 28th.  Steve and Pauline joined Tom and Helen and met up with Mum, Dad, Josée and me. We had a great evening, enjoying some fabulous food and drink.  It was nice to have an evening with a relaxed attitude and no set agenda!

Have a great 2012!  See you soon!

Ben

Merry Christmas

It’s been a long year and Christmas is almost upon us once again.  I think we are all ready for a few days R&R, spent with good friends and family.  My annual Christmas letter can be found here – I hope you enjoy reading a little about my year outside of the office!  Thank you again for your continued trust and business and I look forward to working with you again in 2012.

Merry Christmas to you and yours and all the best for a safe and prosperous New Year!

Ben

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