228 Jetinek changes tax plan National Revenue Minister Otto Jelinek announced re- cent ehanges to simplify the payment of quarterly income tax installments by individu- als. “This new system is part of my ongoing effort to improve and simplify service to tax- payers,” stated Jelinek. “This measure alone will be of direct benefit to over one million Canadians, including the self- employed, and over 400,000 senior citizens.” Beginning with the March 1992 installment, individuals will no longer have to calcu- late the amount of their quar- terly tax payments. Instead, Revenue Canada will infor them of the exact amount of their installment payment Taxpayers using this system will not be subject to interest charges or penalties, even if these payments fall short of their total tax liability for the year. The first notice will be mailed in February to taxpay- ers currently required to pay quarterly installments. Sub- sequent notices will be issued prior to the remaining install- ment due dates. Farmers and fishermen, who are required to make one installment pay- ment on Dec. 31, 1992, will re- ceive one notice in November. As in the past, installment remitters who would prefer to base all their payments on the prior year tax payable or an estimate of the current year’s tax payable may continue to do so More over, individuals whose income, deductions or credits fluctuate significantly from year to year will still be able to seek assistance to es- tablish a schedule of install- ments that reflects the esti- mated tax liability for the cur- rent year. However, if the ac- tual current year tax liability is larger than the install- ments paid, interest may be charged on the shortfall Service of Candles { Carols BUSINESS Copy Deadline for December — 5 p.m. Friday, December 20 © 365-5210 Saturday, December 21, 1991 @ MBECONSTRUCTION | mE AUCTIONS | ~BUY or SELL by AUCTION : Baines Resco" Rxven ouree Oe UCTION 2759-4793" BUSINESS Brian L. Brown. CERTIFIED GENERAL ACCOUNTANT 270 Columbia Avenue Castlegar - 365-2151 NEVINS EQUIPMENT * LAND DEVELOPING * SUBDIVISION SERVICING Hourly Rates & Contract Prices Available! FREE Estimates! R.R. 1, Site 31, Comp. 4 Castlegar, B.C. VN 3H7 Telephone: (604) 365-2398 Cellular: (604) 492-1662 Morrison Painting & Insulation + Blown Insulation + Batts & Poly DUNCAN MORRISON 650-5th Avenue 365-5255 DALE WILLNESS Building Contractor Specializing in framing and project management 365-8352 STEEL A Better Way to Build + INDUSTRIAL + AGRICULTURAL For more information, call your Authorized Garco Builder Midwest Construction Services Ltd. 365-8410 Box 1633, Creston, B.C. tee MASONRY DESIGN & INSTALLATIONS « Fireplaces Patios ¢ Walls. etc *Use Real Stone - It Wil Last Forever FREE ESTIMATES BOARDWALK 399-4769 FAX 300-4760 Custom Windows & Doors + Residential & Commercial Cabinets + Quality Materials & Workmanship + Complete line of Skylights & Vinyt Windows Eliminate the iddleman ~ Buy east Direct and SAVE $$$ Castlegar on Hay. 3 SCHARF CARPENTRY « CONTRACTING FINISH CARPENTRY + FRAMING + CABINETS + CLOSET ORGANIZERS + DECKS Watch for our sign 5 wai "FREE ESTIMATES" Phone Chris at 365-7718 “Serving the W + Machine Taping » Airless Spray Painting «Textured Cellings + Commercial + Residential Call Ric Read 365-5438 CASTLEGAR FUNERAL CHAPEL Bie CETE FOMERAL SERVICE Se aan Plan pci Granite, Bronze Memorials, Cremation Ums and Plaques PHONE 365-3222 M. L. LeRoy B.C. O.D. OPTOMETRIST 1012-4th St., Castlegar PHONE 365-3361 Tuesday to Friday 9 a.m. to 4:30 p.m. Saturday 9 a.m. to 12 Noon MODERN GY RES Foor cane mE HOME IMPROVEMENT CLEAN-SCENE CARPET, CLEANERS + Most Advanced System Gets more deep down soil than any other cleaning method + Upholstery Cleaning Too ~ SATISFACTION GUARANTEED — Why Not Call Us Today! FREE ESTIMATES PH. 365-6969 + Guaranteed Work + Fair Prices + 40 Years in Business + Free Estimates JAMES SWANSON AND SONS Ph. 367-7680 HARDWARE BUILDING CENTRE FOR ALL YOUR BUILDING = Viny! Siding = Rooting - Garage Doors Call Toll Free From: Castlegar - 365-0213 Nelson - 354-4137 _. Trail. 364-1311 Soe (ak) Home! giao ki Waneta harctware Sere bulding centreyga wes SERVICE & REPAIR HERCULES HEATING & PLUMBING 365-4948 ——OlL FURNACE SERVICE & REPAIR COMMERCIAL — RESIDENTIAL REASONABLE RATES Denny's Furnace Service 365-7838 AIR CONDITIONING & MECHANICAL SYSTEMS © Plumbing © Air Conditioning tion 24-HOUR EMERGENCY SERVICE 365-2485 er ~~ DEWDNEY TRAIL STAGES “Charter for groups Anytime, Anywhere!” 1355 Bay Ave., Trail 368-5555 OR CALL TOLL FREE = 1-900-933-0282. mp HOME IMPROVEMENT PLUMBING & HEATING For all your plumbing needs and supplies + FIXTURES + PARTS + SERVICE + CALL 365-3388 TRAIL CUSTOMERS ONLY CALL PLUMBING AND HEATING & DOCTOR * GAS CONTRACTING + REPAIRS & RENOVATIONS + COMMERCIAL, RESIDENTIAL PLUMBING 24 Hour Emergency Service Ph. 399-4762 PLUMBING & HEATING + Plumbing + Heating + Retrigeration + Complete Sales & TRAIL The New Man in Town! HERCULES HEATING & PLUMBING Installations & Servicing SEPTIC SERVICE COLEMAN COUNTRY BOY SERVICE Sump & Septic Tank Pumping Phone 365-5013 3400-4th Avenue Castlegar MOVING & STORAGE CASTLEGAR __ STORAGE CENTER MIN-WAREHOUSE UNITS « YOU STORE +» YOU LOCK + YOU KEEP THE KEY! PHONE: 365-6734 815 Hwy. 22 Castlegar (Next to Erie's Towing) Moving & Storage (td. 18 Branches in B.C, Aihara & Seek. 2337-6th Avenue, Castlegar Invite you to call them for @ free moving estimate. -Let our representative tell you about the many services which have made Williams the most respected name in the moving business. Ph. 365-3328 Collect @ Saturday, December 21, 1991 WorkPLACE NEWS REPORTER *Tis the season to be jolly, and according to Kathy Soloveoff, it’s also the season to give flowers. Soloveoff is the owner and manager of the Tulips Floral Company and in the five years since she took over, a sales trend has developed in her store during the holiday season. “It’s upward,” she said, adding that an in- crease in sales goal is set for each Christmas season, with this year’s target within sight. “Our objective is 20 per cent, and it looks like it’s going to happen.” Originally doing business where Vogue Por- traits & Cameras is now, Soloveoff said that factors such as increased stock and their new pesson point toward the increase in seasonal sales But, when it comes to Christmas, she says it’s the convenience and lack of hassle with flowers that customers appreciate most. “You don’t have to worry about color, size, box- ing it and mailing it, ” she said. “Customers just come in, pick what they want out of the cata- logue and away it goes.” She added that more and more people are tak- ing advantage of Tulips’ affiliation with FTD, which allows it to send flowers anywhere in the world at anytime, especially during the holiday season. “It's a continuing trend every Christmas,” she said, “Instead of mailing flowers, people are wiring them.” Soloveoff said that the Christmas season at Tulips begins in mid-November, allowing cus- tomers four to six weeks to purchase products. But Tulips will even take into consideration the tradi- tional last-minute shoppers. “Our last Christmas shipment comes in on Mon- day,” she said. Tulips employee Dinah Lutze puts her masters certificate in floral presentation to work as the company fills the many Christmas orders they've received. Owner and manager Kathy Soloveoff says holiday season sales increase every year. In addition to all the year-round cut flowers and plants, Sol ff said the also desi from roses imported from New Zealand and Span- & product for the holidays. “Over the last few days, we've sold a lot of Christmas arrangements,” she said. “Last minute gifts like table centres.” A lot of the designing that goes on at Tulips comes from the hands and mind of Dinah Lutze, who obtained her masters certificate in floral ar- rangement last spring. Tulips offers a wide variety of product, ranging ish to nursery plants from just up Highway 3A in Nelson. What the company then does with the product is why Tulips is in the floral trade. “Our business is to decorate, to make the prod- uct presentable,” Soloveoff said. “Nothing goes out of here just ordinary.” With that in mind, it’s easy to see why it would be the season to send flowers. Volatility of stocks worries buyers Kent Parker Georgia Pacific Securities To some people the words “stock market” are as popular as a skunk in a floral bouquet. Memories of 1987's Black Monday are still fresh and everyone has a story of how they or someone they know lost money because they sold out during or immediately following the crash. They were victims of market volatility, the instability of the market. No market goes up or down forever. The market merely responds to many influences such as changes in tax laws or world politics. When they marked crashed in October 1987, many investors panicked and cashed in their in- vestments. Many had bought stocks at the height of the market, attracted by rates of return that far exceeded conservative invest- ments such as term deposits and guaranteed investment certifi- cates. However, when the market fell, they bailed out. Some sold im- mediately, others waited until they had recouped their losses. These investors lacked two characteristics which are essential for successful investing in the stock market either directly or through mutual funds. These are patient and disciplined investors who preserved discovered that the market recovered most of it losses within a year. Those astute enough to buy when panic strick- en investors were fleeing, canned annual rates of return of 15 per cent. Some investments, such as the Trimark Fund, earned almost double that amount. Despite the market's ability to recover its losses, most people still regard stocks as too risky, too spec- ulative a proposition. Of stocks, treasury hills and bonds, these people consider stocks to be the riskiest because the volatility of returns on stocks, measured on a short-term basis, is high relative to T bills and bonds. In the short term, stocks can earn more or less than cash de- posits. you cannot predict how suc- cessful your investment will be. But over the long term, stocks be- come mush less risky. Research shows that during periods of five or ten years, stocks will outper- form T-bills and bonds. Volatility is hardly an issue. James Hatch and Robert White, authors of a report called Canadian Stocks, Bonds, Bills and Inflation: 19501987 (published by the Research Foundation of the Institute of Chartered Financial Analysts), show that for one year periods covered by the report, stocks may not provide better rates of return than bonds and T- Bills. However, during three and five- year periods this was less likely to be the case. During the 29 10-year periods between 1950 and 1987, which includes the infamous 1987 crash, stocks outperformed bonds and T-bills in all but three periods. Additionally, the compound an- nual return on stocks for the en- tire 30 years was 11.2 per cent, al- most 50 per cent more than the 5.9 per cent for T-bills and more than double the 5.2 per cent return on bonds. » This illustrates that an in- vestor’s potential return on stocks will exceed his/her potential re- turn on bonds and T-bills provided the investor holds the stocks for at least five years. If you suffer from stock market- phobia, it’s time to give stocks a closer look. If you are like most investors and lack the time and discipline to manager your own portfolio, con- sider mutual funds. They are managed professionally, are diver- sified, and you are able to sell them and get your money back whenever you like.