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You Asked, We Answered!

Business Association Computer Services

Why is participating in the joint Chamber
Business Expo effective? How often do you test your backup?
The ability to be seen and be heard by prospective clients is one of It’s a simple idea … a copy of your data stored away from your PC regularly; with the
least amount of effort in a proven fashion you know works.
the greatest needs of any small business. In today's changing busi- In business just “backup” isn’t good enough. What happens if you have your data,
ness environment, small businesses need to be more and more but nothing to run it on? Images of your servers/PCs need to be copied as well, as
creative with how they reach their target market. they are used to “run” all your data. The process of storing a complete image of
That's why participating in a trade show is important. Trade shows your server with all the data and programs is called “Business Continuity.”
As an IT solutions provider with over 25 years of hands on experience, I have found
offer a captive, interested audience of like-minded prospects and two reason’s backup fails to give good results. Firstly, it’s not tested until it’s need-
current customers right at your fingertips, and an efficient way to ed and found the data has never backed up successfully and secondly, a Business
get more out of your marketing dollars. Here are some reasons to Continuity plan wasn’t in place, so the data is there, but is not accessible when
get involved. restored.
We have had companies running again in 1-2 hours with a good Business Continu-
* Connections. *Face-to-face contact. *Product demonstration. ity plan in place. With backup alone, we’ve spent 24+ hours just to retrieve the
* Stronger relationships. *Shared expertise. data.
Contact us to find out more about the differences and costs so you can make an
Email melissa@cambridgechamber.com for information informed decision. Contact: info@griffcomm.ca : 1-226-485-1002
Education Financial Planning

Should I push my kids to study in the summer Why you or a loved one with
or give them a break? a disability should have an
Kids are always learning—even while sleeping, which is when the brain RDSP?
processes and stores the information that was learned throughout the day.
That’s why, cognitively speaking, it doesn’t make sense for kids to take a A registered disability savings plan (RDSP) is a long term tax deferred savings
complete break from learning over the summer. plan that is intended to help individuals, parents and others save for the long
term financial security of a person who is under the age of 60 and eligible for
And yet, every summer, students who don’t engage in some form of the disability tax credit (DTC). An RDSP is similar to a RESP but different.
learning lose academic momentum and neural connections that they had
developed over the school year. By not maintaining an academic routine, If a beneficiary is under age 49, the plan will attract government grants and
students lose their learning momentum. bonds (depending on income). Up to $200,000 in non-deductible contribu-
tions can be made to an RDSP and qualify for matching grants at the rate of
According to research researchers at John Hopkins University, students who 100%, 200% or 300%, depending on family net income subject to a lifetime
do not engage in academic activities over the summer break are statisti- limit of $70,000. A Canada Disability Savings Bond (CDSB) of up to $1,000
cally and consistently more likely start the new school year behind. They is paid annually to the RDSPs of low and modest income beneficiaries and
are also more likely to perform more poorly on standardized testing, even families regardless of any contributions being made. That's free money that
on tests that they may have already taken. no one should disregard. Income payments from an RDSP don't impact other
social assistance programs.
For more information and programs visit Brenda Potter Phelan, BA, RRC®, CFP®, CPCA, CPA, CGA
www.oxfordlearning.com/cambridge 519-224-0158 brenda@silvercompass.ca www.silvercompass.ca

Lawyer Real Estate

A Simple Estate….Or Is It? Why should I hire a REALTOR®?
The passing of a loved one is a difficult time. The administration of their You're trusting a REALTOR® with your most valuable possession,
estate can add additional stress and complications. your home. REALTORS® take this responsibility very seriously.
Administering an estate may seem very straightforward. Upon the death Here's what we promise you:

of an individual an Executor must account for all of the as- lYour REALTOR® is a trained professional. REALTORS® take ex-
sets, satisfy any outstanding debts and finally distribute tensive pre-licensing courses in order to obtain credentials for
the remaining assets to the beneficiaries. While these are
the basics of estate administration, various circumstances practicing in real estate. REALTORS® keep pace with the times by
and complexities can make the process much more in- taking continuing education courses to upgrade their knowledge
volved and very demanding for the Executor. Gary** & Debbie* on a broad range of real estate related issues in order to be able
to continue to provide consumers with current advice.
Baverstock
Care must be taken by an Executor to ensure that his/her 519-622-7677(bus), lA REALTOR® must be registered under provincial laws that gov-
duties and obligations are fully discharged properly before 888-218-6589 ern exactly how real estate can and cannot be traded. These
(toll-free)
distributing bequests, including obtaining tax clearance. Should an Execu-
tor not do so, he or she may be personally liable for debts of the deceased. ** Broker of Record regulations are your legal guarantee of professional behavior.
* Broker
lYour REALTOR® has access to a local Board's MLS® System. A
A lawyer should be always be consulted by an Executor to ensure that he website: Board's MLS® system is the single most powerful tool for buying
or she know his/her rights, duties and obligations so he/she may follow GaryBaverstock. and selling a home. Your REALTOR® can provide you with exclu-
the legal requirements of the estate administration process and protect Realtor sive features of the Board's MLS® System, such as immediate no-
themselves from personal liability. email: Gary@ tification when new properties are listed. You don't have to wait
McSevney Ebben LLP | 708 Duke Street, Cambridge ON 519-653-3217 TheBaverstock for it to be posted on a web site.
www.mcsevneylaw.com Team.ca Call Gary & Debbie - they will make you their TOP priority.
16 www.cambridgechamber.com
Summer 2018