. ic Se . SINESS ...............:::°. EI Are your spending patterns in or out of line? How do your spending patterns compare with those of “average” Canadians who live the same way you do? Especially when times are tough, it helps to know le, rarely talk to each other about their spending habits. I Sale Now .4Going On review — in confidence — the per- sonal financial details of hun- dreds of individuals and families who have completed a financial questionnaire when they come to see me for advice. One of the most common questions they ask is how they compare with others. There are no firm guidelines on the “right” amount of money to spend on food, clothes, car and so on. What works for one indi- vidual or family might be totally inappropriate for another, But to give you an indication of spending habits, I approached Wilson Baker, president of Tetrad Comp Applications Limited, Castlegar wematies 365-7961 for some information. In 1988, Tetrad developed two programs, PCensus and PSearch, to com- bine census and general Statistics Canada data. “We can tell Toyota which postal code areas are most likely the Hobbitt Hill Child Care Centre. The Kiwanis Club would like to thank Oglow’s Paint, Wallcoverings & Blind for their generous donation of materials which assisted us greatly in our work at HIGHEST TERM DEPOSIT & RRSP RATES * POO oi ieee oc TH 2 year..........7%% 3 year............8% 9 2’ 4&5 year.......8%% Anne Mann 30 days.........6%% Check and Compare Rates! “Subject to change without notice 428-2231 (creston) 365-81 88 (castiegar) FINANCIAL ADVISOR PLANVEST FINANCIAL CORPORA TIES, ppt vealy im ag for example,” “We medagrr d er software service in the U.S. I asked Baker to run some ip demo- graphic software and data bases which allow organizations to look at their markets, to better under- stand the people they are serving and to reach people they hope will buy their products and ser- ness in Canada for 24 years, is about to launch a similar comput- Did You Know That... Frequent exposure to violent interactions between parents can adversely affect a child’s behaviour and future mental health. Castlegar Women’s Association 365-2104 HAIRLINES 1444 Columbia Ave., Castlegar, B.C., 365-6700 Mon. - Sat, Wed. & Thurs. ‘1 8:00, be judged. Club Italico 16th eral Entries are $3.00 each. Entries will not be returned. Contest open to all East and West Kootenay Residents. TY AND DANCE February 29, 1992 Mr. Mike Conway, wine connoisseur of Spokane, Wash., will be sniffing and tasting the entries from 9:00 a.m.-12:30 p.m. at Waneta Plaza. Public is welcome. Winners to be announced at the Banquet. *No entries will be accepted in pop bottles or liquor bottles. Only red and white wine from grapes or juice concentrate will This year's gala evening will include a special Italian Dinner with dance to be held at the Cominco Gym (February 29, 6:30 p.m.). Tickets available from Banquet Committee and Club Italico members — $45 per couple Wealth”, “Young Pr are averages: *Old Money and Establishment Wealth. These are the wealthiest consumers; 85 per cent own their own homes and only about 30 per Families in Teaches” “Singles and Couples with Moderate Incomes”, and Nest Homeowners”. . “Pension- Most are English-speaking families; many are in the latter Stages of child-rearing with teenagers in high school. They buy six times as many luxury cars as the national average. ‘They like $2,101; (d) $3,311; (e) $1,167; © $1,001; (g) $650; (h) $1,057; (i) 561, *Upscale with Immigrant Roots. Family size is well above average, and the children tend to be in primary school. Relatively large mortgages restrict discre- tionary spending. Two-income families are common; the princi- pal wage-earner usually hasn't reached his or her peak earning years. _ ee family-size makes vans, heel drive vehicles and personal income t tax, (b) food from stores, (c) food from restau- rants, (d) operating car/track (e) women’s wear, (f) men's wear, (g) home entertainment equip- ment and service, (h) alcohol and (i) interest on personal loans. Some interesting trends increasingly more on clothing than men. You might likely not only to find the category that most close- ly describes you but also to com- pare your spending habits with those of people in other cate- gories. Remember, these figures travel, and other leisure products and services. Annual home electronic products popular. An Asian heritage is common, Liowed by Italian roots. (a) $17,321; (b) $4,705; (c) $2,329; (d) $3,436; (€) $2,024; (f) $1,185; (g) $690; (h) $1,107; (i) $590. *Affluence and Achievement. These families have very high incomes but unlike the previous group, they didn’t inherit any of their money, Family heads are mid to late career with children in primary and secondary schools. More than half the families have two or more children. They buy mew cars at twice the average (a) $10,848; (b) $4,432; (c) $1,871; (d) $3,148; (e) $1,446; ( $874; (g) $599; (h) $1,002; (i) $521. NEXT WEEK: How young professionals, affluent retirees, y nest h and others spend. Mike Grenby is a Vancouver- based columnist and independent financial adviser who works with individuals; he will answer your Wednesday, February 5, 1992 The Castlegar Sun questions as space allows — write (a) $13,398; (b) $4,610; (c) to him clo the Castlegar Sun. Canadian break up would cost big bucks STERLING NEWS SERVICE In addition, the Canadian dol- lar, in its new form would be sup- destruction of Canada.. - It q no i I exper- All Canadians will pay heavily if the nation breaks up, according to chairman and chief executive officer of the Royal Bank, Allan Taylor. Taylor warmed that if a majority of Canadians continues to believe the break-up of the country would involve only minimum costs, Canada is in danger of join- img the “march of folly” that has led many other nations to ruin or decline. Believing that a break-up of the nation would be relatively easy and without cost, “is not just a dangerous delusion; it is a real- world impossibility,” Mr. Taylor said. “...the costs of a break-up would be huge and long-term, and paid by everyone in Cana- da...no one would escape lightly: no one would fare well,” he said Taylor said he was disturbed by recent polls, one of which found well over 50 per cent of Canadi- ans outside Quebec believe the economy of a Canada without ported by a greatly weakened It would lose the international respect and reli- ability it now enjoys. “Canada and Quebec would have less abil- ity to finance growth, develop- ment, jobs, environmental initiatives and social needs.” tise to see that many assumptions in this debate are simpli non- sense.” He pointed out that the assumption that two smaller, much less viable new countries could easily renegotiate the exist- ing economic structufes is not a credible scenario. Business Glance New new .places — Contrary to information in codast.week's columm Toby Ward, not.Rebecoa Shoe. ‘Donen is the new News Director at CKQR 760. Toby, a Vancouver native, is a graduate of BCIT Radio Broad- Casting and has done TV sports reporting for Roger's Cable in Vancouver. He spent the last month at QR's sister station CKGF Grand Forks as the news and sports director. Since January Toby has been broad- ig the Trail Smokies Junior A hockey games on QR Quebec would remain or stronger. Partisan floundering has led too many Canadians to tum off their minds and close their hearts, he said. “Too many have unthink- ingly accepted the agendas of groups whose policies, if imple- mented, would mean the ultimate Attention Woodlot Owners Funding for forest manage- ment on private forest land is available on a_ cost sharin basis through FRD. firs Small-Scale For- estry Program. ‘The size of the must bes minimum FT octaves. To determine if you are eligible for this program please contact: Paul Jeakins, RPF: Woodland Forester oe Kokanee Fo ing Ltd. Box 879, Nelson, B.C., VIL GAS, Fa: 352-9141 Small-Scale F« am al Se retry Progr: and he is looking forward to meeting people in Castie- gar. (For those who are interested, Rebecca has gone to the sister station, CKGF in Grand Forks). Good news in forestry — Kootenay Valley Sawmills of Salmo has purchased all the assets of Ymir Forest Products and had the YFP 20 year, renewable forest licence transferred. The mill will be dismantied and compatible pieces will be incorporated into the modern- ization program at KVS. Child care business — After many years of experi- ence, Gwyneth Zappavigna has opened Auntie Gwyneth’s, a licensed child care service. Located in her home on 10th Ave in downtown Castlegar, Gwyneth is licensed to care for up to seven (7) children from ‘newborns to age 12. Her service is a child care ser vice, not a babysitting service. Activity programs are an important part of the child’s day and Gwyneth is looking forward to working with h the children. Open from 7 a.m. ws p.m, daily, call éarly before she is full! Thrift Shop opening soon — The Ladies Auxilliary to the Castlegar Hospital is busy putting the finishing touches to the home of their new thrift shop. Located behind Ph in di 1 Castlegar, the shop hopes tobe open in early March. They are already accepting donations on Saturday mornings from 10 &.m. until noon at their location. New in town ~ | & L Painting is Specializing in interi- says Fran Sainas, OLA ——— industry employees in Castlegar can now study lead- ership skills through the Open Learning Agency (OLA). The courses are part of a provincial initiative titled Programs for the Tourism Professional, They are aimed at individuals working. in, or preparing for, supervisory i Industry tives worked closely ‘with the prog supervisor. “Although most jobs will open up in tradi- tional areas, the industry is also creating more salaried profes- sional careers with room for growth. Predictions are that 7,000 new managerial tourism jobs will appear in BC within ten years.” All seven supervisory courses relate directly to the tourism industry, focus on the workplace, and are igned for self-paced pers Four are now accepting Tourism: An Indus- A cheer f for the Bank MICHAEL WALKER The Fraser institute The Bank of Canada, which I have long admired for its persis- tent attack on inflation, has again done itself proud. This time the Bank has led the pack in Ottawa by beginning the pro- cess of contracting out the y The amazing thing about con- tracting out the janitorial ser- vices is that roughly 33 percent saving is involved. Currently, the Bank spends $4.5 million to clean its build- ings; the $1.5 million saving is therefore 4 33 percent cost reduction. Obviously, similar leaning of its buildings in nine Cities across Canada. At the moment, the Bank employs 146 janitors across the country. It has calculated that, by contracting out its cleaning services, it will save $1.5 mil- lion a year. The Bank has also cut costs by eliminating 120 other staff positions and initiating a $2 a head user fee for the national Savings would be available to the federal govern- ment if it took the same attitude as the Bank of Canada. This 33 percent savings is not unusual for services which are contracted out. A careful study of garbage collection in Canada by Professor James McDavid of the University of Victoria (sum- marized in the Fraser Institute book, Privatization: Tactics and try Pe Appli- cations ow ish and Customer Service and Operational Con- trols, Three others are in devel- opment, and will be available in Spring 1992: Leadership Skills, Human Resource Development and Human Relations, These college-level courses combine printed training materi- als, audio and video tapes, com- puter conferencing and telephone tutor support. Individuals learn by reading course materials, examining case studies, partici- pating in workshops and com- of Canada Techniques) demonstrated why. McDavid’s study showed that the productivity increase which occurs in the presence of com- petition generates not only sig- nificant savings, but also profits f or the entrepreneurs who pro- vide the service, and the wage levels demanded by unionized employees. In the case of garbage, con- tracted out service s average 1.24 tons of garbage per crew person, per hour, as opposed to 64 tons in the public sector. It is to be hoped that the fed- eral government will quickly follow the Bank's lead and cut its level of costs. Once again, a bouquet for the Bank of Canada>and its cost-cut- ting activities. Foundation announces contest winners SUMITTED Chris Garrett of Genelle is the happy winner of the grand prize of the annual “Hallowe’ en Peanut C iJ Chris\is patiently waiting for a kidney donation and transplant which would allow her to live an even more independent and active life. She vob her time to the by the Kidney Foundation of Canada. She and her husband Lorne will soon be enjoying the prize which includes two air tickets from Trail to Los Angeles, a visit with renowned humourist George Burns at his home, six nights of hotel accommodation, a day at Disneyland for two, two tickets to the Johnny Carson or Arsenio Hall Show, two tickets to a L.A. Kings hockey game or a Laker’s basketball game and $500 spending money! Chris, who has two children and four grandchildren works as an assessment clerk for the BC Assessment authority. She has also been on hemo-dialysis for the past three years. She is feel- ing well, is able to live a happy and productive life and is very appreciative of the wonderful care she receives from the staff of the renal unit of the Trail Regional Hospital. Kidney Foundation by acting as the recording secretary of the local Trail Chapter. She and many others in the Kootenay and across Canada who helped to sell the bags of peanuts this fall had their names submitted for the draw for the “grand prize” offered by the Kidney Founda- tion. The Trail Chapter is made up of patients, family: members, friends and supporters from the Trail-Castlegar area. They meet Annie’s Gold Jewellery Lobby-Fireside Hotel: on a regular basis to give support to each other and fellow patients and their families, and to con- tribute in many ways, including fund raising, to the work of the Kidney Foundation. The Kidney Foundation of Canada provides a variety of Support services to patients and their families. This includes edu- cational and material support plus promotion of organ dona- tion, research and high quality care and treatment of patients For more information about the work of this organization and the local activities of the Trail Chapter, please contact Bud Godderis at the Trail Regional Hospital. q Fresh cooked corn chips served with cheddar and Castlegar to benefit from tourism training Pleting work-based assignments and tests, Specialty programs in accom- modations and food and bever- age management are also in development. All courses are recognized by the Pacific Rim Institute of Tourism as having credit value toward membership in the new ASsociation of Tourism Professionals. For more information or to register, plegse contact OLA's Access Service at 660-2200 or toll tree 1-800-663-9711. The Open Learning Agency, ib d by the BC k in 1988, is committed to life- -long learning. As part of BC's public education system, OLA works closely with business, education and government i to RRSP ition for the 1991 ition Year 1991 Maximum Contribution For 1991 the maximum RRSP contribution for an individual is the lesser of 18% of 1990 earned income or $11,500., minus and Pension Adjustment (PA) The PA is reported on an individual's T4 Supplementary for the previous year, ic. the PA from the 1990 T4 Supplementary reduces the 1991 RRSP contribution room. If an individual was not a member of a RPP or DSPS during 1990, he/she will not have a PA. Earned Income Defined — 1991 Earned Income included the Provide new training and educa- tional opportunities. It offers education that is truly “open” delivered in the home and the workplace, as well as the more traditional classroom setting. Bluetop ~, Burger NACHOS $415 cuuese mozzarella cheese. Topped with tomatoes, onions, olives and salsa sauce on the side. + Net employment earnings + Royalties to authors and inventors + Alimony or maintenance pay- ments by a former legally mar- tied or common-law spouse * Amounts received under a sup- plementary unemployment bene- fit plan BUT not benefits received under the Unemploy- ment Insurance Act 1971 + Income from carrying on a business as a proprietor or active partner * Net rental income from real Property including recaptured capitol cost allowance * Taxable portion of disability income payments * Employee Profit Sharing Plan allocations Jack L. Parkin 365-6664 1245 - 3rd St., Castlegar + Director Fees « Research Grants Spouse RRSPs A spousal RRSP provides a means of: Transferring capital between spouses without adverse tax consequences, and lowering the tax bite after retirement, resulting in higher after-tax income. This can be achieved by: split- ting RRSP contributions between an RRSP in the taxpay- er's name and an RRSP in the spouse's name, or directing any personal RRSP contributions into a plan for the spouse, if the taxpayer is a member of a pen- sion plan for whom significant benefits will accumulate. In addition to a spousal contri- bution based on earned. income, it is possible for up to $6000. of periodic pension, superannuation or DSPS income to be trans- ferred into a spousal RRSP. This will be available for each year through the 1994 taxation year. If you retired during the year, you can still make an RRSP con- tribution for the current year, even if you have little or no cur- rent earned income. The current year’s contribution is now based on last year’s earned income. When an individual reaches age 65, RRSP annuity income and payments from a RRIF qual- ify for the Pension Tax Credit "Let me help you choose the RRSP that's right for you." + Many investment options + Competitive rates + Transfers accepted + RRSP loans available RS The Mutual Group Fac To Tomorrow Licensed with Mutual Lite of Canada/Mutual Invesico inc . two companies of The Mutual Group Presented to: Mr. & Mes. «Machado Machado’s Grocery This award will be presented every week to someone in Castlegar who shows extraordinary service to his/her customers or clients. The recipients will receive an award plaque to keep courtesy of Kats Trophys and a lunch for 2, value to $20.00, courtesy of the Fireside Dining Room. UNRESERVED AUCTION $3,000 worth of limited edition wildlife prints THIS IS NOT JUST A GAME BANQUET This is our 28th annual trophy awards presentations fundraising event to support environmental Projects such as land aquisition, wildlife habitat enhancement and fish restocking. Come and enjoy a wildgame, seafood & domestic smorgasbord that is not just for hunters! Come out and support your wildlife and your environment. We've got Door Prizes, Giveaways & Raffles with a total value of over *4000.00 DON'T MISS OUR by BC artists will be sold through unreserved auction the night of the banquet. or and exterior residential painting. Owner Hans Lascheit offers Clean and professional workmanship. FEBRUARY 22 CASTLEGAR COMMUNITY COMPLEX $20.00 per person $12.00 - 14 yrs. & under Cocktalis: 5:30 pm Dinner: 6:00 pm Dance: 9 pm to 1 am ADVANCE TICKET SALES ONLY (first come first served) Available at: BOSSE'S JEWELLERY 365-7141 AASLAND TAXIDERMY 365-6067 CASTLEGAR & DISTRICT WILDLIFE ASSOCIATION We'd like everyone in Castlegar to know there is an "Exellence in Service” in their community, and to congratulate each of them personally. Rartacrshig Ag ment on Forest pment: FRDA II 364-1762 - 368-3401 - 364-1662 365-7835 If you know of someone that offers “Excellence in Service,” call me, Jon Jarrett at 365-5266, or drop a letter at the Castlegar Sun with your suggestion. OF] Have a heart — The Kootenay Columbia Child Care Society will be the big benefactor of funds raised locally for the Variety Club of BC, The Hi Arrow Hotel is. spon- Several events WZ er au ota murder yi | The Sake Sun 7S 3 Miles East of Trail On Highway 3B Mon., Tues., Wed., Sat. 10:00-5:30 Thursday & Friday 10:00-9:00 Sunday 12-4 p.m. Go towards the e 3 ory programe end fecttes at the new centre adjacent Centre. .