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$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Alphabet Inc. Class A CS 02079K305 338 321 SH   SOLE   321 0 0
Alphabet Inc. Class C CS 02079K107 22,643 21,639 SH   SOLE   21,639 0 0
Apple Inc. CS 037833100 27,673 163,522 SH   SOLE   163,522 0 0
Bank of Montreal CS 063671101 1,819 22,631 SH   SOLE   22,631 0 0
Bank of Nova Scotia CS 064149107 17,096 263,809 SH   SOLE   263,809 0 0
BCE Inc. CS 05534B760 16,830 348,930 SH   SOLE   348,930 0 0
Becton Dickinson and Co CS 075887109 8,694 40,613 SH   SOLE   40,613 0 0
Berkshire Hathaway B CS 084670702 18,028 90,947 SH   SOLE   90,947 0 0
Blackrock Inc CS 09247X101 8,435 16,419 SH   SOLE   16,419 0 0
Brookfield Asset Management CS 112585104 22,939 524,764 SH   SOLE   524,764 0 0
Brookfield Infrast. Partners LP C$ CS G16252101 21,798 483,986 SH   SOLE   483,986 0 0
C.R. Bard Inc. CS 067383109 12,861 38,826 SH   SOLE   38,826 0 0
Canadian Imperial Bank of Commerce CS 136069101 480 4,905 SH   SOLE   4,905 0 0
Canadian National Railway CS 136375102 887 10,712 SH   SOLE   10,712 0 0
Delta Air Lines Inc. CS 247361702 9,263 165,409 SH   SOLE   165,409 0 0
Disney (Walt) Co CS 254687106 9,879 91,893 SH   SOLE   91,893 0 0
Dr Pepper Snapple Group CS 26138E109 10,434 107,504 SH   SOLE   107,504 0 0
Facebook Inc CS 30303M102 11,760 66,644 SH   SOLE   66,644 0 0
FirstService Corp CS 33767E103 12,054 171,600 SH   SOLE   171,600 0 0
Fortis Inc. CS 349553107 1,450 39,354 SH   SOLE   39,354 0 0
General Mills Inc. CS 370334104 514 8,668 SH   SOLE   8,668 0 0
General Motors Company CS 37045V100 12,705 309,947 SH   SOLE   309,947 0 0
Goldman Sachs Group Inc CS 38141G104 11,310 44,394 SH   SOLE   44,394 0 0
JP Morgan Chase & Co CS 46625H100 18,835 176,131 SH   SOLE   176,131 0 0
KAR Auction Services Inc CS 48238T109 7,418 146,856 SH   SOLE   146,856 0 0
Korn/Ferry International CS 500643200 5,129 123,947 SH   SOLE   123,947 0 0
Live Nation Entertainment Inc CS 538034109 14,426 338,866 SH   SOLE   338,866 0 0
Magna International Cl A CS 559222401 15,515 272,620 SH   SOLE   272,620 0 0
Microsoft Corp. CS 594918104 16,380 191,489 SH   SOLE   191,489 0 0
Molson Coors Brewing Cls. B CS 608711206 272 3,250 SH   SOLE   3,250 0 0
Molson Coors Brewing Cls. B U$ CS 60871R209 8,203 99,947 SH   SOLE   99,947 0 0
Moody's Corp CS 615369105 12,999 88,062 SH   SOLE   88,062 0 0
Neenah Paper CS 640079109 9,953 109,800 SH   SOLE   109,800 0 0
Oracle CS 68389X105 12,422 262,735 SH   SOLE   262,735 0 0
Pembina Pipeline Corp CS 706327103 9,965 274,110 SH   SOLE   274,110 0 0
Priceline Group Inc CS 741503403 12,468 7,175 SH   SOLE   7,175 0 0
Rogers Communications Inc. Cls B CS 775109200 16,134 315,318 SH   SOLE   315,318 0 0
Royal Bank of Canada CS 780087102 6,395 77,980 SH   SOLE   77,980 0 0
Telus Corp (Non-CDN) CS 87971M996 297 7,817 SH   SOLE   7,817 0 0
Telus Corp. CS 87971M103 10,265 269,846 SH   SOLE   269,846 0 0
Toronto Dominion Bank CS 891160509 16,606 282,248 SH   SOLE   282,248 0 0
TransCanada Corp. CS 89353D107 10,557 216,015 SH   SOLE   216,015 0 0
Vail Resorts Inc CS 91879Q109 11,106 52,269 SH   SOLE   52,269 0 0
Vanguard FTSE All-World ex-US ETF CS 922042775 5,130 93,746 SH   SOLE   93,746 0 0
Visa Inc. Cls A CS 92826C839 16,710 146,551 SH   SOLE   146,551 0 0
Waste Connections Inc C$ CS 94106B101 17,390 244,156 SH   SOLE   244,156 0 0
Wells Fargo Co. CS 949746101 397 6,539 SH   SOLE   6,539 0 0
Zimmer Biomet Holdings Inc CS 98956P102 12,257 101,578 SH   SOLE   101,578 0 0
Enbridge Inc. CS 29250N105 154 3,913 SH   SOLE   3,913 0 0