A REGISTERED RETIREMENT SAVINGS PLAN (RRSP) PROVIDES ONE OF THE FEW ways in which Canadians can shelter their income from taxes. Still, the vast majority of Canadians don’t take full advantage of their RRSP eligibility. According to Statistics Canada, less than one in five Canadians contributed to an RRSP in 2002. And the amount they contributed represented only about nine per cent of the total room available.
We often hear people say that “I don’t like RRSP’s” or that they are “not good to invest in.” But when you look at the big picture, the math is clear, for most Canadians, there is no better place to save for your retirement. Where else can a person earning $60,000 a year, paying income taxes at a rate of 40 per cent, put away $10,000 and get a $4,000 gift in return?
Not only do you get an immediate deduction from your annual tax bill,
but your investment within an RRSP grows tax deferred. And when you reach the age of 71 and have to convert your plan to another tax-deferred investment vehicle such as a registered retirement income fund (RRIF), only the money you withdraw is subject to income tax. The rest remains within the tax-free environment until you need it. The key is pay less in taxes during retirement than you were paying while you were working.
The federal government introduced RRSP’s in Canada in 1957 to encourage Canadians to save for retirement. Before RRSP’s, only individuals who belonged to employer-sponsored registered pension plans could deduct pension contributions from their taxable income. Several legislative changes have occurred over the decades that have encouraged larger RRSP contributions. Today, annual RRSP room is a calculation of 18% of your earned income minus a “pension adjustment” up to a maximum of $19,000 as of this year (it will be $20,000 next year). If that is not used up it is carried forward and added to next year’s room. A section on your Notice of Assessment you receive back from the government when you submit your income tax will outline what RRSP contribution room you currently have.
In today’s modern work environment, many people do not have the option to join in a company pension plan. As companies cut back on their pension plans, people have fewer opportunities to help them save for retirement. It’s crucial that people put something away to supplement their income in their retirement years. RRSPs are an excellent option to save for retirement.
Another misconception that we often see is the client who is looking to “buy an RRSP?” It’s important to understand that RRSPs are not something you can actually buy or invest in, but rather a name or title given to any type of investments such as a GIC’s, mutual funds, stocks or bonds, that is held within the plan. You can hold the exact same investments ‘outside’ your RRSP in a non-registered plan, but you will not get tax deduction or tax deferred growth. Think of an RRSP as a tax-saving box that you put your investment into. In a future article, we will touch on the different tax consequences of money held ‘outside’ your RRSPs.
For now however, if you have an RRSP, you have until February 29 to “top it up” to save on your 2007 tax return. But if you don’t have one, make it your month to start! Don’t be afraid to look for professional advice on what investments you should hold inside your RRSP….this decision will have the biggest impact on your retirement savings.
For most people easiest way to contribute to your RRSP is by arranging for automatic monthly withdrawals throughout the year rather than investing a single lump sum. Paying your self first is an old principle but very practical and easy to do, and has many benefits along the way. Some day you will want to retire, plan for it.
Wednesday, February 13, 2008
Wednesday, January 23, 2008
Our commentary now covered in Soonews.ca
You can now find our continuing commentary on financial planning in Soonews.ca under the blog section. Visit www.soonews.ca for more info.
Our content to Soonews.ca will compliment the articles that we post here. We are very excited for this new avenue to bring timely financial advice to Saultites and would like to thank Karen Johns, Craig Huckerby and all of the hard working staff at Soonews.ca for the opportunity.
Our content to Soonews.ca will compliment the articles that we post here. We are very excited for this new avenue to bring timely financial advice to Saultites and would like to thank Karen Johns, Craig Huckerby and all of the hard working staff at Soonews.ca for the opportunity.
Monday, January 21, 2008
Don't Sell Quality - Article from The Globe and Mail
No doubt you are aware of the recent stock market declines. We came across a great article today in the Globe and Mail that we would like to share with you. It sums up nicely our position on long term investing through a 'Bear Market'.
The most important aspect of any investment plan is to ensure that your investment choices meet your time horizon and risk tolerance. If you would like a review of your current investment portfolio, please don't hesitate to call and make an appointment.
This is no time to sell quality
Rob Carrick
Monday, January 21, 2008
Beware the one-two punch of plunging stock markets.
Not only do they decimate your portfolio, but they also lure you into making bad investing decisions that help ease your short-term anxiety but then hurt you in the long term. That's how it is that investors sell perfectly good stocks and mutual funds, buy principal-protected investments and make other mistakes with lasting repercussions.
Selling quality right now is probably the worst error you can get fooled into making by a plunging stock market. The rationale here of protecting your money against further losses makes sense, especially because it's hard to imagine there aren't more bad days ahead for the market.
But what comes after that? If you sell today you'll have your money languishing in money market funds, where returns are on the decline because of falling interest rates. You'll eventually get an itch to find something with a higher return and, quite likely, you'll end up in the stock market again. By then, stocks will have jumped from their lows and you'll be buying at elevated prices.
Some people, amateur and professional, get lucky timing their moves in and out of the market. The masses get it wrong and thus end up in a cycle of selling low and buying high that robs of them of returns and extracts unnecessary fees and commissions.
Another mistake is to give up on the risks of the stock market and instead buy guaranteed investments like principal-protected notes or segregated funds. The appeal of these investments is obvious – you get exposure to stocks with no risk of losing money in down markets like we're seeing today. The problem is with the cost of the guarantee – it cuts into returns so deeply that it's simply not a good value.
Buying guaranteed investments at times like now make less sense than usual because the stock markets have already lost a lot of ground. They may fall further, but savvy investors know that the current decline is setting up the next move up for the markets. Sellers of guaranteed products will make out like bandits when stocks rebound. Investors, not so much.
With registered retirement savings plan season just about here, gun-shy investors are poised to make yet another mistake, which is failing to make an RRSP contribution. If a plunging stock market is freaking you out, invest your RRSP money in a high-interest savings account until the dust settles and then move into a long-term investment when you can.
The best move would be to take your RRSP money and put it into the highest quality, most beaten down stocks or funds you can find. But one step at a time.
© The Globe and Mail
The most important aspect of any investment plan is to ensure that your investment choices meet your time horizon and risk tolerance. If you would like a review of your current investment portfolio, please don't hesitate to call and make an appointment.
This is no time to sell quality
Rob Carrick
Monday, January 21, 2008
Beware the one-two punch of plunging stock markets.
Not only do they decimate your portfolio, but they also lure you into making bad investing decisions that help ease your short-term anxiety but then hurt you in the long term. That's how it is that investors sell perfectly good stocks and mutual funds, buy principal-protected investments and make other mistakes with lasting repercussions.
Selling quality right now is probably the worst error you can get fooled into making by a plunging stock market. The rationale here of protecting your money against further losses makes sense, especially because it's hard to imagine there aren't more bad days ahead for the market.
But what comes after that? If you sell today you'll have your money languishing in money market funds, where returns are on the decline because of falling interest rates. You'll eventually get an itch to find something with a higher return and, quite likely, you'll end up in the stock market again. By then, stocks will have jumped from their lows and you'll be buying at elevated prices.
Some people, amateur and professional, get lucky timing their moves in and out of the market. The masses get it wrong and thus end up in a cycle of selling low and buying high that robs of them of returns and extracts unnecessary fees and commissions.
Another mistake is to give up on the risks of the stock market and instead buy guaranteed investments like principal-protected notes or segregated funds. The appeal of these investments is obvious – you get exposure to stocks with no risk of losing money in down markets like we're seeing today. The problem is with the cost of the guarantee – it cuts into returns so deeply that it's simply not a good value.
Buying guaranteed investments at times like now make less sense than usual because the stock markets have already lost a lot of ground. They may fall further, but savvy investors know that the current decline is setting up the next move up for the markets. Sellers of guaranteed products will make out like bandits when stocks rebound. Investors, not so much.
With registered retirement savings plan season just about here, gun-shy investors are poised to make yet another mistake, which is failing to make an RRSP contribution. If a plunging stock market is freaking you out, invest your RRSP money in a high-interest savings account until the dust settles and then move into a long-term investment when you can.
The best move would be to take your RRSP money and put it into the highest quality, most beaten down stocks or funds you can find. But one step at a time.
© The Globe and Mail
Wednesday, January 16, 2008
Staying Focused
With the recent volatility in the markets, it can be easy to lose sight of your long-term financial goals. That's why we encourage all of our clients to meet with us on a regular basis to review the financial plans we have made together. Goals and needs can change quickly and it is important that your plan remains focused and adaptable.
It's important to also understand what's happening in the markets and how these changes can affect your plan Our most important goal when working with together is to make sure your time-horizon (the amount of time your investments can stay invested before your need to make withdraws),your risk-tolerance and portfolio diversification strategies are kept up to date.
While we take the time this time of year to contemplate our future financial goals (like your RRSP contribution for this year for example), we would like to leave you with a short presentation on investing through the natural cycles of the financial markets and how to separate our emotions from guiding us toward the wrong investment decisions.
We look forward to meeting with each of you in the near future to ensure that your financial plans stay on track. Please don't hesitate to call and book a meeting.
Kevin Lamour & Ellen MacDougall
It's important to also understand what's happening in the markets and how these changes can affect your plan Our most important goal when working with together is to make sure your time-horizon (the amount of time your investments can stay invested before your need to make withdraws),your risk-tolerance and portfolio diversification strategies are kept up to date.
While we take the time this time of year to contemplate our future financial goals (like your RRSP contribution for this year for example), we would like to leave you with a short presentation on investing through the natural cycles of the financial markets and how to separate our emotions from guiding us toward the wrong investment decisions.
We look forward to meeting with each of you in the near future to ensure that your financial plans stay on track. Please don't hesitate to call and book a meeting.
Kevin Lamour & Ellen MacDougall
2007 in Review
As we begin a New Year, we would like to thank you for choosing us as your financial planning firm. We appreciate your trust and the business that comes with it. This time of year is a good opportunity to look back and put things into context. Here's a quick review of the more important financial events that occurred in 2007:
The Markets
At the beginning of 2007, the S&P/TSX Composite Index was sitting at around 12,923 points. For the first seven months of the year, the index was, for the most part, climbing and even broke the 14,000 barrier for the first time on Friday, May 11.
The strong performance was halted at the end of July, when the credit crisis first began to make itself known. Soon America's sub-prime woes, coupled with asset-backed commercial paper problems, sent markets around the world into turmoil. By August 8, just two weeks after the TSX dropped below 14,000 for the first time in weeks, it had lost nearly 600 points.
Since then, the index has been extremely volatile, dropping below 13,000 in mid-August, climbing back up to almost 14,600 at the end of October and landing at 13,467 on November 23. How the index — and world markets for that matter — will fare in the next month and through next year is anyone's guess, but investors can expect a bumpy ride to say the least.
Budget 2007
In March, the Conservative government presented its 2007 budget. For the most part, Finance Minister Jim Flaherty introduced a number of tax savings for families, including removing the Registered Education Savings Plan's annual contribution limit and introducing a new Registered Disability Savings Plan.
The government also implemented a child tax credit of $2,000 per child under 18, and the spousal penalty was phased out.
While there were a number of other tax savings in March, the government revealed even more tax relief in an October mini-budget, including a further 1% GST cut to come into effect January 1, 2008. As well, the government upped the basic personal amount to $9,600, effective January 1, and the lowest personal income tax rate was reduced from 15.5% to 15%.
Should you have any questions about how these or other recent events might affect you, I'd be happy to schedule a time to either speak with you on the telephone or sit down with you in person. If you have friends or colleagues who you think might benefit from my advice, I would also be pleased to meet with them. A referral is a wonderful present, and I'd like to thank everyone who gave me one over the past twelve months.
Best wishes for health, happiness and continued financial success in the New Year!
Kevin Lamour & Ellen MacDougall
The Markets
At the beginning of 2007, the S&P/TSX Composite Index was sitting at around 12,923 points. For the first seven months of the year, the index was, for the most part, climbing and even broke the 14,000 barrier for the first time on Friday, May 11.
The strong performance was halted at the end of July, when the credit crisis first began to make itself known. Soon America's sub-prime woes, coupled with asset-backed commercial paper problems, sent markets around the world into turmoil. By August 8, just two weeks after the TSX dropped below 14,000 for the first time in weeks, it had lost nearly 600 points.
Since then, the index has been extremely volatile, dropping below 13,000 in mid-August, climbing back up to almost 14,600 at the end of October and landing at 13,467 on November 23. How the index — and world markets for that matter — will fare in the next month and through next year is anyone's guess, but investors can expect a bumpy ride to say the least.
Budget 2007
In March, the Conservative government presented its 2007 budget. For the most part, Finance Minister Jim Flaherty introduced a number of tax savings for families, including removing the Registered Education Savings Plan's annual contribution limit and introducing a new Registered Disability Savings Plan.
The government also implemented a child tax credit of $2,000 per child under 18, and the spousal penalty was phased out.
While there were a number of other tax savings in March, the government revealed even more tax relief in an October mini-budget, including a further 1% GST cut to come into effect January 1, 2008. As well, the government upped the basic personal amount to $9,600, effective January 1, and the lowest personal income tax rate was reduced from 15.5% to 15%.
Should you have any questions about how these or other recent events might affect you, I'd be happy to schedule a time to either speak with you on the telephone or sit down with you in person. If you have friends or colleagues who you think might benefit from my advice, I would also be pleased to meet with them. A referral is a wonderful present, and I'd like to thank everyone who gave me one over the past twelve months.
Best wishes for health, happiness and continued financial success in the New Year!
Kevin Lamour & Ellen MacDougall
Monday, December 17, 2007
Happy Holidays from Algoma Financial
We would like to extend our best wishes to you and your family for a wonderful Christmas and a happy and healthy 2008. We would like to thank for your continued confidence in our services and advice and look forward to seeing you in the New Year.
Below you will find a timely article on end of the year tax planning.
All the best,
Kevin & Ellen
December tax-planning reminders
December 13, 2007 | Mark Noble
Prudent tax planning in December is key to creating a worry-free tax filing for April, according to a pair of tax experts.
The importance of tax planning in December is twofold. First, as the end of the year approaches, so do the deadlines that will determine the eligibility of expenditures and deductions to be included in your 2007 tax filing. Not making these deadlines could create an inefficient 2007 tax plan since clients will not be able to take advantage of deductions until their 2008 tax filing. Second, by December, advisors should have a clear picture of their clients' 2007 tax situation.
"December is the last chance for a number of planning initiatives. Not to say there is nothing you can do to be efficient at the time of filing, but for the most part, your opportunities are gone by the end of the calendar year," says John Waters, manager of tax planning at BMO Nesbitt Burns.
Waters notes that by December, advisors should have a very good sense of what their clients' income and capital gains for 2007. So in the last few days of the month, they should be looking to complete transactions, such as selling securities with capital losses, that can maximize the tax efficiency of their clients' April filing.
Gena Katz, executive director of Ernst and Young's tax group, says good record-keeping makes selling a security for a loss relatively straightforward.
"If people keep reasonable records, they'll know what they sold at the end of the year and what their position is right now, so they know if they're in a net loss or net gain position," she says. "Certainly they should have records from prior years, which allows them to determine what their gains were."
For investors who are planning to take advantage of capital losses, Waters suggests they sell those securities by December 21, 2007, as this gives at least three business days for the transaction to be completed before the New Year.
Clients can also donate publicly traded securities to charity, creating further tax deductions and offsetting capital gains taxes. Katz says there will generally be no income inclusion in respect to the accrued gain and the full value of the gifted securities will be eligible for a donation credit. This must be done by December 31 to be eligible for the 2007 tax return.
But there are some actions that should be put off. Wait until the new year to buy securities or funds that provide annual distributions, Katz says. Generally, distributions are made in December and must be included in that year's tax return. In effect, the investor would be paying tax on his or her original capital, since it's doubtful there would be much growth in the investment if it's only recently been purchased.
"If they purchase a fund just before the distribution, the price of the fund will go up because of the accrued income. They will then get a distribution, which is taxable immediately, on a portion of their capital," she says. "If they wait until after the distribution, the price will go down, so they'll pay less."
Another important thing for clients to remember is to pay expenses by the end of the calendar year to benefit from their deduction in the 2007 tax return. These may include items like tuition, medical expenses, alimony payments and childcare expenses.
For self-employed or non-incorporated business owners who are intending to purchase assets in the near future, Katz says they should consider shopping early to claim depreciation for 2007 (although it's only half of the regular depreciation amount).
Katz also notes December can be an ideal time to purchase tax shelters. Although, she warns, investors need to be careful since these are heavily scrutinized by the Canada Revenue Agency. She says to be on guard for any tax shelters that use charitable gifting arrangements.
"The Canada Revenue Agency will assess every single one of them," she says. "There are good tax shelters accepted by tax authorities. This would be something like flow-through shares. They can be risky since they are invested in the resource sector, but the benefit is that the investor will get a significant tax deduction up front. If it ends up being a good investment then there's money to be made down the way as well."
Filed by Mark Noble, Advisor.ca, mark.noble@advisor.rogers.com
(12/13/07)
Below you will find a timely article on end of the year tax planning.
All the best,
Kevin & Ellen
December tax-planning reminders
December 13, 2007 | Mark Noble
Prudent tax planning in December is key to creating a worry-free tax filing for April, according to a pair of tax experts.
The importance of tax planning in December is twofold. First, as the end of the year approaches, so do the deadlines that will determine the eligibility of expenditures and deductions to be included in your 2007 tax filing. Not making these deadlines could create an inefficient 2007 tax plan since clients will not be able to take advantage of deductions until their 2008 tax filing. Second, by December, advisors should have a clear picture of their clients' 2007 tax situation.
"December is the last chance for a number of planning initiatives. Not to say there is nothing you can do to be efficient at the time of filing, but for the most part, your opportunities are gone by the end of the calendar year," says John Waters, manager of tax planning at BMO Nesbitt Burns.
Waters notes that by December, advisors should have a very good sense of what their clients' income and capital gains for 2007. So in the last few days of the month, they should be looking to complete transactions, such as selling securities with capital losses, that can maximize the tax efficiency of their clients' April filing.
Gena Katz, executive director of Ernst and Young's tax group, says good record-keeping makes selling a security for a loss relatively straightforward.
"If people keep reasonable records, they'll know what they sold at the end of the year and what their position is right now, so they know if they're in a net loss or net gain position," she says. "Certainly they should have records from prior years, which allows them to determine what their gains were."
For investors who are planning to take advantage of capital losses, Waters suggests they sell those securities by December 21, 2007, as this gives at least three business days for the transaction to be completed before the New Year.
Clients can also donate publicly traded securities to charity, creating further tax deductions and offsetting capital gains taxes. Katz says there will generally be no income inclusion in respect to the accrued gain and the full value of the gifted securities will be eligible for a donation credit. This must be done by December 31 to be eligible for the 2007 tax return.
But there are some actions that should be put off. Wait until the new year to buy securities or funds that provide annual distributions, Katz says. Generally, distributions are made in December and must be included in that year's tax return. In effect, the investor would be paying tax on his or her original capital, since it's doubtful there would be much growth in the investment if it's only recently been purchased.
"If they purchase a fund just before the distribution, the price of the fund will go up because of the accrued income. They will then get a distribution, which is taxable immediately, on a portion of their capital," she says. "If they wait until after the distribution, the price will go down, so they'll pay less."
Another important thing for clients to remember is to pay expenses by the end of the calendar year to benefit from their deduction in the 2007 tax return. These may include items like tuition, medical expenses, alimony payments and childcare expenses.
For self-employed or non-incorporated business owners who are intending to purchase assets in the near future, Katz says they should consider shopping early to claim depreciation for 2007 (although it's only half of the regular depreciation amount).
Katz also notes December can be an ideal time to purchase tax shelters. Although, she warns, investors need to be careful since these are heavily scrutinized by the Canada Revenue Agency. She says to be on guard for any tax shelters that use charitable gifting arrangements.
"The Canada Revenue Agency will assess every single one of them," she says. "There are good tax shelters accepted by tax authorities. This would be something like flow-through shares. They can be risky since they are invested in the resource sector, but the benefit is that the investor will get a significant tax deduction up front. If it ends up being a good investment then there's money to be made down the way as well."
Filed by Mark Noble, Advisor.ca, mark.noble@advisor.rogers.com
(12/13/07)
Friday, November 16, 2007
Do Your Investments Match Your Values
One of the fastest growing investment concepts to emerge in the last few years is the area of Socially Responsible Investing (SRI) which some people refer to as ethical investing. Recent studies show that this segment of the investment market is growing at twice the rate of the total investment market.
So, what is SRI? Simply put, it is the practice of incorporating a person’s beliefs and values into their investment portfolio. This can reflect someone’s wishes to exclude a particular industry from their portfolio (eg. tobacco manufacturers or military contractors) or to include only companies with excellent records on international human rights (eg. sweat shops) or environmental impact.
A person’s motivation for doing this may be purely personal or it may stem from a societal-impact view. On the personal side, someone who has witnessed the negative effects of gambling on another person or family may choose to exclude any companies that derive revenue from the gaming industry from their portfolio. From the societal impact side, an investor may want to look for companies which respect the diversity of our society as a whole and have programs in place to ensure that there is fair representation of all types of persons within the company. Still others may choose this approach because of their religious convictions and another group may be looking for ways to support only those companies that respect the natural environment wherever they operate.
Whatever your motivation, the number of mutual funds available for investors who wish to incorporate their social, ethical and environmental concerns into their investment decisions has never been larger than it is now and the diversity of concerns that one can incorporate into their portfolio continues to grow. What was once a niche movement is quickly becoming mainstream.
The number one question that most people ask about SRI is, “What effect will this have on my return?” Good news! There is a growing body of evidence that suggest that there will likely be no impact on your return; or, if there is an impact, it may be a positive one. Socially screened indices in the United States have consistently outperformed their non-screened comparative indices by significant margins. For example, the Domini Social Index in the United States is an index of 400 companies screened according to a number of social and environmental criteria. Over the ten year period ended October 31, 2006, this index averaged 9.02% per year while the Standard and Poor 500 averaged only 8.66%. (Source www.kld.com)
Could it be true that companies with better environmental policies and more effective employee programs have more efficient workforces and are less likely to be the subject of negative press and lawsuits and thus, generate higher returns for their shareholders. Whatever the future financial returns, many SRI investors appreciate that they are also able to get a good social return on their money. In effect, they have a triple bottom line when it comes to their investments: financial, environmental and social returns weigh into their investment decisions.
If you have never thought about this or have a current portfolio that you believe may be inconsistent with your views on a number of social, ethical or environmental issues, please feel free to contact me. Rest assured, you will not be alone in your efforts to use your investments to shape the future. Remember the old saying, “Money makes the world go around”. Well, some of that is your money, so you should be able to have some say in its impact on the world.
So, what is SRI? Simply put, it is the practice of incorporating a person’s beliefs and values into their investment portfolio. This can reflect someone’s wishes to exclude a particular industry from their portfolio (eg. tobacco manufacturers or military contractors) or to include only companies with excellent records on international human rights (eg. sweat shops) or environmental impact.
A person’s motivation for doing this may be purely personal or it may stem from a societal-impact view. On the personal side, someone who has witnessed the negative effects of gambling on another person or family may choose to exclude any companies that derive revenue from the gaming industry from their portfolio. From the societal impact side, an investor may want to look for companies which respect the diversity of our society as a whole and have programs in place to ensure that there is fair representation of all types of persons within the company. Still others may choose this approach because of their religious convictions and another group may be looking for ways to support only those companies that respect the natural environment wherever they operate.
Whatever your motivation, the number of mutual funds available for investors who wish to incorporate their social, ethical and environmental concerns into their investment decisions has never been larger than it is now and the diversity of concerns that one can incorporate into their portfolio continues to grow. What was once a niche movement is quickly becoming mainstream.
The number one question that most people ask about SRI is, “What effect will this have on my return?” Good news! There is a growing body of evidence that suggest that there will likely be no impact on your return; or, if there is an impact, it may be a positive one. Socially screened indices in the United States have consistently outperformed their non-screened comparative indices by significant margins. For example, the Domini Social Index in the United States is an index of 400 companies screened according to a number of social and environmental criteria. Over the ten year period ended October 31, 2006, this index averaged 9.02% per year while the Standard and Poor 500 averaged only 8.66%. (Source www.kld.com)
Could it be true that companies with better environmental policies and more effective employee programs have more efficient workforces and are less likely to be the subject of negative press and lawsuits and thus, generate higher returns for their shareholders. Whatever the future financial returns, many SRI investors appreciate that they are also able to get a good social return on their money. In effect, they have a triple bottom line when it comes to their investments: financial, environmental and social returns weigh into their investment decisions.
If you have never thought about this or have a current portfolio that you believe may be inconsistent with your views on a number of social, ethical or environmental issues, please feel free to contact me. Rest assured, you will not be alone in your efforts to use your investments to shape the future. Remember the old saying, “Money makes the world go around”. Well, some of that is your money, so you should be able to have some say in its impact on the world.
Subscribe to:
Posts (Atom)