The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AT&T INC COM 00206R102 736 17,030 SH   SOLE NONE 17,030 0 0
ABBOTT LABS COM 002824100 240 6,115 SH   SOLE NONE 6,115 0 0
ALPHABET INC CAP STK CL C 02079K107 11,981 17,311 SH   SOLE NONE 17,311 0 0
ALPHABET INC CAP STK CL A 02079K305 8,027 11,409 SH   SOLE NONE 11,409 0 0
APPLE INC COM 037833100 18,465 193,147 SH   SOLE NONE 193,147 0 0
BCE INC COM NEW 05534B760 3,006 63,965 SH   SOLE NONE 63,965 0 0
BANK AMER CORP COM 060505104 344 25,900 SH   SOLE NONE 25,900 0 0
BANK N S HALIFAX COM 064149107 24,657 506,649 SH   SOLE NONE 506,649 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 1,091 33,200 SH   SOLE NONE 33,200 0 0
CAE INC COM 124765108 11,320 943,375 SH   SOLE NONE 943,375 0 0
CDN IMPERIAL BK M TORONTO COM 136069101 2,444 32,763 SH   SOLE NONE 32,763 0 0
CANADIAN NAT RES LTD COM 136385101 854 27,875 SH   SOLE NONE 27,875 0 0
CARMAX INC COM 143130102 15,344 312,950 SH   SOLE NONE 312,950 0 0
CENOVUS ENERGY INC COM 15135U109 6,177 449,665 SH   SOLE NONE 449,665 0 0
CHEVRON CORP NEW COM 166764100 1,159 11,060 SH   SOLE NONE 11,060 0 0
CISCO SYS INC COM 17275R102 17,273 602,040 SH   SOLE NONE 602,040 0 0
CITIGROUP INC COM NEW 172967424 14,578 343,900 SH   SOLE NONE 343,900 0 0
COSTCO WHSL CORP NEW COM 22160K105 409 2,605 SH   SOLE NONE 2,605 0 0
CROWN HOLDINGS INC COM 228368106 233 4,600 SH   SOLE NONE 4,600 0 0
DANAHER CORP DEL COM 235851102 2,419 23,950 SH   SOLE NONE 23,950 0 0
DAVITA HEALTHCARE PARTNERS I COM 23918K108 18,827 243,500 SH   SOLE NONE 243,500 0 0
EDISON INTL COM 281020107 637 8,200 SH   SOLE NONE 8,200 0 0
ENCANA CORP COM 292505104 4,601 595,520 SH   SOLE NONE 595,520 0 0
ENBRIDGE INC COM 29250N105 9,709 230,775 SH   SOLE NONE 230,775 0 0
EXXON MOBIL CORP COM 30231G102 787 8,400 SH   SOLE NONE 8,400 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 591 47,000 SH   SOLE NONE 47,000 0 0
GENERAL ELECTRIC CO COM 369604103 21,762 691,285 SH   SOLE NONE 691,285 0 0
GILEAD SCIENCES INC COM 375558103 16,838 201,841 SH   SOLE NONE 201,841 0 0
HP INC COM 40434L105 5,250 418,300 SH   SOLE NONE 418,300 0 0
HEWLETT PACKARD ENTERPRISE C COM 42824C109 7,622 417,200 SH   SOLE NONE 417,200 0 0
HORMEL FOODS CORP COM 440452100 220 6,000 SH   SOLE NONE 6,000 0 0
ISHARES TR MSCI EMG MKT ETF ISHARES TR 464287234 412 12,000 SH   SOLE NONE 12,000 0 0
ISHARES TR MSCI EAFE ETF ISHARES TR 464287465 779 13,950 SH   SOLE NONE 13,950 0 0
JPMORGAN CHASE & CO COM 46625H100 20,034 322,405 SH   SOLE NONE 322,405 0 0
JOHNSON & JOHNSON COM 478160104 1,104 9,100 SH   SOLE NONE 9,100 0 0
KIMBERLY CLARK CORP COM 494368103 736 5,350 SH   SOLE NONE 5,350 0 0
M & T BK CORP COM 55261F104 16,082 136,020 SH   SOLE NONE 136,020 0 0
MAGNA INTL INC COM 559222401 891 25,545 SH   SOLE NONE 25,545 0 0
MICROSOFT CORP COM 594918104 23,665 462,470 SH   SOLE NONE 462,470 0 0
NORDSTROM INC COM 655664100 266 7,000 SH   SOLE NONE 7,000 0 0
OPEN TEXT CORP COM 683715106 2,457 41,850 SH   SOLE NONE 41,850 0 0
PPL CORP COM 69351T106 498 13,200 SH   SOLE NONE 13,200 0 0
PRA GROUP INC COM 69354N106 8,964 371,350 SH   SOLE NONE 371,350 0 0
PEMBINA PIPELINE CORP COM 706327103 785 26,000 SH   SOLE NONE 26,000 0 0
PEPSICO INC COM 713448108 630 5,950 SH   SOLE NONE 5,950 0 0
PFIZER INC COM 717081103 22,056 626,420 SH   SOLE NONE 626,420 0 0
PRICE T ROWE GROUP INC COM 74144T108 1,912 26,200 SH   SOLE NONE 26,200 0 0
RESTAURANT BRANDS INTL INC COM 76131D103 1,563 37,800 SH   SOLE NONE 37,800 0 0
RITE AID CORP COM 767754104 1,240 165,500 SH   SOLE NONE 165,500 0 0
ROGERS COMMUNICATIONS INC CL B 775109200 1,025 25,500 SH   SOLE NONE 25,500 0 0
ROYAL BK CDA MONTREAL QUE COM 780087102 26,898 458,369 SH   SOLE NONE 458,369 0 0
SMUCKER J M CO COM NEW 832696405 21,055 138,145 SH   SOLE NONE 138,145 0 0
STARBUCKS CORP COM 855244109 1,599 28,000 SH   SOLE NONE 28,000 0 0
SUNCOR ENERGY INC NEW COM 867224107 12,396 449,932 SH   SOLE NONE 449,932 0 0
SYSCO CORP COM 871829107 614 12,100 SH   SOLE NONE 12,100 0 0
TECK RESOURCES LTD CL B 878742204 305 23,300 SH   SOLE NONE 23,300 0 0
TELUS CORP COM 87971M103 17,938 560,935 SH   SOLE NONE 560,935 0 0
THOMSON REUTERS CORP COM 884903105 17,536 436,425 SH   SOLE NONE 436,425 0 0
3M CO COM 88579Y101 736 4,200 SH   SOLE NONE 4,200 0 0
TORONTO DOMINION BK ONT COM NEW 891160509 30,464 714,326 SH   SOLE NONE 714,326 0 0
TRANSCANADA CORP COM 89353D107 16,708 371,790 SH   SOLE NONE 371,790 0 0
TURQUOISE HILL RES LTD COM 900435108 92 27,400 SH   SOLE NONE 27,400 0 0
UNITED PARCEL SERVICE INC CL B 911312106 824 7,650 SH   SOLE NONE 7,650 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 459 22,910 SH   SOLE NONE 22,910 0 0
WAL-MART STORES INC COM 931142103 14,164 193,975 SH   SOLE NONE 193,975 0 0
WELLS FARGO & CO NEW COM 949746101 1,433 30,275 SH   SOLE NONE 30,275 0 0
WESTERN DIGITAL CORP COM 958102105 11,002 232,800 SH   SOLE NONE 232,800 0 0
BROOKFIELD INFRAST PARTNERS LP INT UNIT G16252101 17,089 380,350 SH   SOLE NONE 380,350 0 0