ENTERTAINMENT WEDNESDAY January 2 2, 1992 Upcoming program discusses grieving series, "F.A.C.T.S.™ and Ci (Families, a — Humphries School Parent Advisory Council (SHSS) PAC) is continuing their Gaprust GARAGE SALE b with Teens in Society). On January 21 between 7 p.m. - 8:30 p.m., the SHSS Pac, CKQR 760 and Shaw Cable 10 will broadcast a program. “Cop- ing with Death” as the seventh in their series. The live program will record- ed on January 21 and then rebroadcast on January 22, 23 and 26. There will be a pane! discus- sion and a video, bya and answer questions on how deal with death, grieving the loss of a loved one and get ting through the grieving process. There is a great need to bring the subject of death out into the ‘open. It is very important because it is the only way we can help people deal with it. Panelists will include a moder- ator, a school counsellor, a repre- sentative from the local Hospice Society, a parent and a student. We encourage you to listen to the panel and call in with your questions and concerns. KBS Campaign for Life releases logo design Great January on hundreds of book titles. Fiction, childrens, health, & more. Prices reduced to 50 % OFF From now till Jon. 19 OPEN 7 DAYS A WEEK in downtown Rossland 362-5333 and answer session. The panel will discuss 669 Baker St., Nelson A personal, professional Video Production Service., Birthdays + Parties & more 354-4487 6816 or 365-7450. Castiegar ,<«@ Arts Council Q * Kootenay Art Ciub meets every Wed. night from 7 - 10 pm at the Senior's Citizen Hall. All levels welcome. Info: 365- © WKNEC - BIOTECHNOLOGY - a science show. SUBMITTED Today, the Kootenay Broad- casting System (KBS) released the logo for the first annual KBS Campaign for Life, January 6, 1992 to April 4, 1992, a cam- paign to raise funds for Koote- nay hospitals in Castlegar, Creston, Kaslo, Nelson, New Denver and Trail/Rossland. The name, the “KBS Cam- paign for Life”, stems from KBS’'s objective of telling Kootenay residents about the important role their local hospi- ta! splay in ensuring quality of life for the communities. The name reflects the dynamism of this opportunity for Kootenay hospitals to work together and raise people's awareness of important health cate needs and Priorities regionally. The name also represents a call to action for Kootenay residents to give to their local hospitals during the KBS Campaign for Life and the theme of quality health care. The word “life”, representing quality of life will be central to the KBS Campaign for Life, and will appear in all promotion related to the Campaign. Brochures, posters, and other promotional material will begin appearing the week of January 20, 1992, Kootenay-wide. In keeping with the regional emp of the KBS Campaig: for Life, logo design was pro- duced by artist Steve Schmidt at Laser Graphix in Nelson and promotional material is being printed at Hall Printing in Trail. Funds raised during the KBS Campaign for Life will go towards specific needs at Koote- nay hospital. In the coming weeks, KBS will be profiling Kootenay hospitals, their roles in the communities they serve, and their important needs in ensuring quality health care and quality of life for their communities. BUS is es ES Business news? 365-5579 Y, January 22, 1992 Golf clubs, luges and snowshoes are just a few of the odd assortment of equipment needed fir the Rossland Winter Carnival, Jan. 24 - 26. Some of the event orga- nizers are (back row) Dave Cochrane (Rocky Shutter Motion Show, etc.), John Heintz (Bigolfathon and torchlight parade), John Clark (defending Bigolfathon champ). (Middle row) Mike Williams (B.C. Luge Cup), Don Vockeroth (Winter Carnival photo context). In front, to pint out that there are many children’s activities planned, are Johan and Henrik Kristensson, seven- year-old twins visiting from Gothenborg, Sweden. © Mulfi-cultural Society meets Monday, Jan. 27 - 7pm in the Woodland Park School Library. Purpose of meeting - to organize Citizenship classes. All welcome. © West Kootenay Camera Club meets every 2nd Tuesday at Vogue Studios (Castlegar) at 7 pm. Next meeting Jan. 28th J heLion'sdfead Pub Milton Langille THE MOVIES r--- | ENTER WIN A FREE A FREE MOVI TO THE CASTLE THEATRE contribute to their own quality of tse Top ten at the Castlegar Library Books most in demand are: The red tulip which replaces the letter “i” in the word “life” signifies the passing from Winter to Spring, as the Campaign reaches its peak two weeks into Spring, April 3 and 4, 1992 Symbolically. the red tulip in full Ripley, Alexander - Scarlett . Steel, Danielle - 9. Anthony, Evelyn The relic 10.Siggins, Maggie - 5. Auel, Jean - The plains of passage 6. Sheldon, Sidney - Making the most out of capital gains exemption Will Ottawa take away or reduce the capital gains exemp- tion in its next budget? Rather than waiting to find out, you might want to review your invest- ments now and possibly use the exemption while you may. “An individual taxpayer claim- ing the full $500,000 lifetime capital gains exemption on a gain on the sale of qualified small business puaghos shares or a saves as poy as $189,000 in tax,” said David Thompson, of Thorsteinssons, tax lawyers. But even the basic $100,000 exemption, which you may use for capital gains on any kind of Property — typically real estate, stocks and bonds — can save you considerable tax. You should never make an investment decision only for tax reasons. Still, if you were think- ing about selling an investment anyway, then tax reasons — like the prospect of losing the capital gains exemption — should prompt you to move now. You don’t have to sell an asset to produce the capital gain so you may claim the exemption. Giving “property”, typically securities or real estate, to another family member triggers a disposi- tion at the fair market value. You declare the capital gain and claim the exemption. The fair market value is, in effect, the “purchase” price for the recipient so any future capital gain will be less; it will be calculated from that high- er ” adjusted cost base” ~ instead of from the lower, original pur- chase price. Note that if you give property to a spouse, you have to make a special election to have the prop- erty change hands at the fair mar- ket value, Otherwise, there is no disposition to trigger the capital gain in your hands. And the prop- erty then keeps its original “adjusted cost base” (what you porated before Nov. 21, 1985, you may be able to enjoy a wind- fall advantage,” Thompson said. “If there are any high par value or no par value preferred shares issued before Nov. 22, 1985, you may be able to redeem those shares for cash or debt. That would create a capital gain which could be offset by the exemp- tion.” You might also be able to paid for it). If you owned a holiday home as well as your regular home before 1981, you and your spouse should each be able to designate one of the places as a principal Be sure to get expert advice before you make any such moves. “The complex rules surround- ing the capital gains exemption, especially as it applies to quali- fied small business corporation shares, provide both tax planning opportunities and pitfalls,” said tax lawyer Thi “If you are planning to sell an for “cty ” your to the podem pipe gains exemption through a non-arm’s length trans- fer — that is, a share transaction within the company. That allows you to realize the increase in the tax base of your company’s shares now so you can use your capital gains exemption while it still exists. As this pro- cess also increases the adjusted cost base of the shares, it reduces any future (possibly taxable) cap- ital gain on death or when the shares are sold. The business must meet certain conditions. and it must be an active business. Shares of a com- Money Strategy seminars open to local residents A winter and spring term adult education course, titled Successful Money Strategies Seminars, will be available to all of Castlegar, Nelson, example, you should consider incorporating the business and then immediately selling the shares of the new company. You would then qualify for the Trail and the surrounding area at the respective campuses of Selkirk College. The course is comprised of three sessions which include | 10 $500,000 capital gains Pp: tion.” Thompson also noted that shareholdings can often be split among family members “which multiplies the $500,000 exemp- tion.” Only individuals (not com- panies) may claim the exemption. half-h i of i taught in an easy to understand, and enjoyable classroom setting. The course covers basic person- al financial planning topics such as saving and investments, man- aging your money, reducing te taxes, structuring your “If you have a incor- retirement plans, and developing a personal finan- cial plan. The class is designed A workbook and study aids complement the instruction. Instructors are professional financial planners. The first class will meet on Tuesday, Jan- uary 28 in Trail, Wednesday January 29 in Castlegar and Thursday January 30 in Nelson. Additional sessions will be held Tuesday, Wednesday and Thurs- day at the respective campuses. The $149 fee for couples or $99 for individuals cover the cost of instruction and all mate- rials. In addition, all attenders are entitled to a personal finan- cial planning consultation at the conclusion of the seminar. To register or for further information, call Selkirk Col- lege at Castlegar campus 365- pany that deals only in passive investments like stocks, bonds and even revenue property would not qualify. You need to look at all the tax aspects, including the CNIL (cumulative net investment loss) and AMT (alternative minimum tax) rules. Let's say you plan to take some profits in the stock market. But you have been losing moncy on your revenue property since 1988 and have had little or no other investment income. That could build up a CNIL balance which would restrict or even deny your use of the capital gains exemption to offset the stock profits. Also, the non-taxable part of any capital gain is added back for AMT purposes, so ask Revenue Canada for the AMT calculation form to see if you might have to pay — or might be able to avoid — tax. Mike Grenby is a Vancouver- and independent ania potew seenene aan individuals; he will answer your questions as allows — write to him c/o the AV Times. We Want to Make Your Business Look Good. GOLDRUSH blossom mirrors the “blooming” feelings of patients receiving quality health care, whether it be preventative care, acute care. or medium to long term care. The petals .of the. tulip.gre.sed gnd resemble a héanaicdlaur anda symbol closely associated with A man of compassion SUBMITTED _ Full Gospel Business Men’s Fellowship hosts Harold Ferguson of Regina as guest speaker at their January 23 Family Banquet Harold comes to our city highly recommended as a speaker for children who have suffered through handicaps, abuse or neglect because of need for foster- ing. His motto is Jesus’ words, “Suffer the Little Children to Lobby-Fireside Hotel 365-2128 No greater love . Michael, Judith - Sleeping beauty Sanders, Laurence - The 7th COmmaindineti The doomsday conspiracy 7. Tan, Amy - The kitchen god's wife 8. Binchey, Maeve - The lilac bus ~Courtesy of Judy: Wearmouth,- Head Librarian Revenge of the land, a century of greed, t ragedy and murder on Saskatchewan farm ooo come unto me and forbid them not for of such is the Kingdom of Heaven.” Ferguson, who gave u p his career as a police officer, and his wife, Angela, have established Harmony House in Regina to give foster care to unwanted children with handicaps after adopting sev- eral children of their own. Their story is one of compas- sion, hope and joy in the power of Jesus Christ to strengthen, guide January — Schedule for Jan. 22 & 23, 1992 Wed. 6:30 pm, Thurs. 9:00 am coming to Castlegar and heal lives both old and young. It is a story for all to hear. The Trail-Castlegar chapter of the FGBM is opening their Jan- uary 23 banquet at 6:30 p.m. at the Castlegar Sandman Inn to all interested people, families and children. Dinner is roast beef. Children’s plates are half-price. Please reserve early by phone, for seating is limited to 200. Phone 365-5180, 364-2529, 367-7563 or 359-7913 for reservations or information. The executive of the FGBMF say this first meeting is a good way to say Happy New Year to all area people. Fitness and leadership training workshops to be offered at Centre SUBMITTED The Castlegar Recreation and Aquatic Centre will be hosting a series of Total Training Centre (TTC) fitness education and lead- ership training workshops for the ‘West Kootenay commencing Jan- uary 31, 1992. The series includes a Fitness Knowledge Course, a Fitness to Music (aerobics) instructor course, and both Weight Training and Waterfit to Music instructor courses. The 23-hour Fitness Knowl- edge Course is schedule for Jan- uary 31, from acts as a pre-requisite to all TTC fitness instructor courses — Fit- ness to Music, Waterfit, and Weight Training — it can also be taken by anyone wishing to uti- lize the information to improve their own fitness knowledge. The BC Parks and Recreation Association (BCRPA) approved course is designed to teach stu- dents about basic bones and mus- cles and how they function in exercise; how to burn fat, shape and tone muscle, gain strength and endurance; how to design a personal exercise program using the principle of safety; as well as provide basic nutrition and weight 6 - 10 p.m. and will February 1 and February 8 between 9 am and 5:30 p.m. at The Fitness Knowledge Course instructor is Margaret Business Glance New faces, new pisces — Dalé Nieisen of Adastra Av: | ation is on a three month management contract with the Castlegar Chamber of Commerce while the direc- tors organize themselves and the Chamber's services. Dale takes over from Luella Andreashuk who resigned before Christmas. future - Quinto Maida of Arrow Building Sup- plies in Castlegar is pleased to anriounce that effec- tive January 1, Ron Pyett has been hired as the new manager of Arrow Bullding. Ron spent the Jast three years in Vancouver and the prior 10 years in Calgary. Altogether he has more than 25 years in the retail and wholesale building supply industry. Ron and his wife Barb, who has 20 years of banking experience, are looking forward to the lifestyle change that the Koote- nays offer. Ron is looking forward to meeting the con: tractors and do-it-yourselfers in the area and he is easy to recognize because of his height, bald head and blonide-gray beard! Welcome Ron and Barbi Figuring tt out — Surgenor & Rogers, C.G.A.'s of Nakusp will be opening an office in Castlegar in early February at 1444 Columbia Ave. Welcome! ~ New In town — Kaman industrial Technologies. Lick 9 supplier of bearings will be ots Natson to. the Castlegar Industrial park in February. Te be sharing the buliding with Elektro-Dorman. New treate ~ Jelly bean lovers wil be lancet 2 ote that the new Castlegar Foods in downtown Castlegar — carries the original Jelly Belly flavoured jelly beans. There are also new fi ing bt id pop- corn. Favourite standbys | ‘include chocolate fudge, * West Kootenay Today — An interview with 2 representatives from the Castlegar Womens Safe Home Project. Wed. 7:00 pm, Thurs. 9:30 am + FAC.TS. - Coping with Death’. Wed. 8:30 pm, Thurs. 11:00 am + Castlegar City Council — Gavel to gavel coverage. Special satellite c ge Jan. 24, 25 & 26 + Constitutional conference — From Calgary - the topic this week, ‘institutions including the Senate’. Sunday, Jan. 26, 1992 * 6:30 pm - West Kootenay Today — repeat from above. * 7:00 pm - Project Discovery (part 8) - Crystal Plamondon and Barbara Leah Meyer. * 7:30 pm - Faith Alive - Living Waters Faith Fellowship interviews World Vision representative Bob Wilson. + 8:30 pm - Facts - repeat from above. * 10:00 pm - Trail Smokies highlights from 1st half of season the Castlegar While the Fitness Knowledge __S¢e CENTRE 48 Your Dining Guide Cee Us Celebrate the Start of ‘1992’ with a 1992 Barrel Sale 20 Pieces of Golden Delicious Chicken Reg. $24.99 Now Only $19.92 Save $5.07 All the month of January Don’t forget the Salads and Fries Ceigar & Cominco meal tickets accepted Call us today! 365-5304 2816 Columbia Ave. aveilable. And, if sample from their them to bring It inl : g ~ Arrow Bu strawberry daiquiri, green apple and licorice. For those who like to know what they're eating before bit- ing into one, booklets identifying the 30+ flavours ere section. tf they don’t have your favourite flavour, ask » tye k food for people of all incomes and 1208 or Trail campus at occupations including retired 368-8229 or Nelson Campus individuals. 352-6601 VANCOUVER STAY DOWNTOWN AT ; FROM OS ALL SUITE HOTEL * 30 STOREY TOWER WITH OVERSIZED SUITES * LOCATED IN THE HEART OF DOWNTOWN CLOSE TO SHOPPING AND EVENTS ¢ INDOOR POOL & SAUNAS. ® ROY S STEAK & SEAFOOD RESTAURANT * LARGE FAMILY S TH MICROWAVES ¢ CLUB MAR E $114 $175 OBL * DIRECT AIRF * COMPLIMEN 1015 BURRARD ST. VANCOUVER, B.C. V6Z 1Y5 cu 1-800-663-1818 OR YOUR TRAVEL AGENT PRESENT THIS AD UPON CHECK IN OR MENTION AT TIME OF ADVANCE RESERVATION PER ROOM PER NIGHT Ono DISCOUNT ( YOUR LIFE EXPERIENCE AND _) ON-THE-JOB TRAINING MAY BE WORTH UNIVERSITY CREDIT in the Selkirk College/BCOU Bachelor of Administrative Studies PORTFOLIO COURSE The B.C. Open University Portfolio Course begins 6:30 p.m., Thursday, January 23 at the Castlegar Campus, Room B-17 In this course students receive guidance in the preparation of a detailed summary of their work and life experience as well as any formal training or academic education. This portfolio will then be assessed for academic credit which can be applied towards the new collaborative Bachelor of Administrative Studies degree offered locally. The first class session provides an opportunity to learn more about the Portfolio Course and the Bachelor of Administrative Studies Degree, and to register if you decide to do so. Representatives of both BCOU and Selkirk College's Business Administration program will be in attendance. For more information, contact George Mclvor at the Castlegar Campus, 365-7292 or the Open Learning Centre at 365-5408. SUCCESSFUL MONEY STRATEGIES - SEMINAR Selkirk College LEARN HOW TO * Manage your money —* Structure your investments © Reduce your faxes © Reduce your insurance costs © Save and Invest more © Retire financially independent A THREE PART SERIES conducted at each campus on the following dates Trail Campus January 28, February 4&11 Castlegar Campus January 29, February 5 & 12 e Nelson Campus January 30, February 6 & 13 WHAT YOU WILL RECEIVE 10 1/2 hours of Instruction - Three sessions are taught in an easytounderstand, and enjoyable classroom setting Seminar Workbook - Contains 120 pages of practical information. It is a valuable reference tool alter the seminar Personal Financial Data Form and Tape - Helps you slepby step develop a written summary of your finances. Optional - You iain entitled to a personal financial planning consultation after the conclusion of the seminar. This is your to ask specific personal questions regarding your financial future. 100% MONEY BACK GUARANTEE There are absolutely no hidden costs or obligations. This is not an inlroductory seminar nor an altempl to sell another seminar. Our objective is to educate you and help you with your financial future. Weicie contort vou wil bed cur sortnar very wooo, However, if for any reason you are not satislied, simply retum your workbook and study materials at the final session. You will receive an immediate and full refund. only 9Q20. 149%. PRE REGISTRATION REQUIRED Selkirk College Castlegar Campus 301 Frank Beinder Way, P.O. Bax 1200 Castlegar, B.C. VIN 3}1 Selkirk College Trail Campus 900 Helena Si., Trail, B.C. © 368-5236 © 365-1208 sei —— CASTLEGAR CAMPUS——— Ke Box 1200, Casvegar, B.C, VIN 3/1 - 965-7292 IL 2001 Silver King Rd., Nelson, B.C. ¢ 3524601