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Mike’s Comment – Oct 23rd

I know we shouldn’t say it but it’s deja vu all over again with COP26 ready to go in Glasgow – lots of agreements but no practical plans.

Our friends at Keystone Financial, Ryan Irvine and Aaron Dunn, will be hosting their last live webinars of 2021. If you are looking to fix your existing portfolio or finally take the plunge and build a simple 15-25 stock portfolio consisting of well-researched growth and dividend growth stocks – do not miss this event. You Need a Plan.

The live webinars on November 2nd @ 7:00pm & November 9th @ 4:00pm will explain how you can simplify, save on fees, with a focus on 7 great growth and dividend stocks to buy today! Stock recommendations include KeyStone’s top REIT, top SaaS tech, top disruptive healthcare, top FAANG, top gold related, top dividend growth stock, and more.

These events sell out, so we encourage you to get your tickets early. CLICK HERE to get your Early Bird or VIP tickets.

And check out these returns from last year’s DIY webinar. Can you afford not to hear this year’s recommendations? ~ Ed.

Canadian CyberSecurity Firm’s Continued Worldwide Expansion

You may have heard Ian Paterson, CEO of BC-based Plurilock Secuirty Systems on MoneyTalks discussing with Mike the booming business of cybersecurity. Ian also explained his company’s strategy for world-wide expansion, and hinted a new acquisition might be in the wings. Earlier this week Plurilock announced their 2nd acquisition of 2021, their first was in the US, this one is in India. Take a few minutes and watch this update from Proactive Investors.

Nova Scotia eyeing taxes for homebuyers coming from outside the province

Buying a home in Nova Scotia may soon be more expensive for people from outside the province.

Premier Tim Houston has instructed Finance Minister Allan MacMaster to implement a deed transfer tax on any property purchased by individuals who do not pay taxes in Nova Scotia.

In a September mandate letter, the finance minister was also asked to impose a levy of $2 per $100 of assessed property value on every non-Nova Scotian taxpayer with property in the province.

The letter did not provide a timeline for implementation, though finance, and treasury board spokesperson Gary Andrea said in an email that “the department is working on it.”

However, realtors believe the taxes — targeting investors in hopes of slowing down the market and helping maintain housing affordability for locals — will have a minimal impact and do little to address the market’s main problem: lack of supply…read more.

Alberta inquiry finds no wrongdoing in anti-oilsands campaign despite foreign funds

Canadian environmental groups did nothing wrong when they accepted foreign funding for campaigns opposing oilsands development, a public inquiry has reported.

In his much-delayed report released Thursday, Steve Allan, commissioner of the Inquiry into Anti-Alberta Energy Campaigns, says the groups were exercising their rights to free speech.

“I have not found any suggestions of wrongdoing on the part of any individual or organization,” Allan writes.

“No individual or organization, in my view, has done anything illegal. Indeed, they have exercised their rights of free speech.”

Allan also says the campaigns have not spread misinformation.

While he finds that at least $1.28 billion has flowed into Canadian environmental charities from the U.S. between 2003 and 2019, only a small portion of that has been directed against the oilsands. Auditors Deloitte Forensic Inc. estimate that money at between $37.5 million and $58.9 million over that period. That averages to $3.5 million a year at most.

Alberta’s United Conservative government funds its so-called “war room,” an arm’s-length agency instituted to counter environmental groups, at up to $30 million a year…read more.