Sy, aé Castlégar News February 26, 1989 File early, experts say By KAREN LEWIS The Canadian Press BUSINESS LOWER RATES: Now there are three tax brackets instead of 10, Canadians must pay the federal gover- ment 17 per cent on the first $27,500 of their taxable come; 26 per cent on the next $27,500; and 29 per cent on any amount above $55,000. On top of that, there is stilla three-per-cent federal highest tax bracket — assuming provincial tax is equal i to about 50 per cent of the federal tax — used to be r se about $1 per cent, writes Zimmer in-his 1988-89 If you're skittigh about vous fire rlish with’ uss Canadian Tax and Investment Guide, Now it's about 44 TORONTO (CP) Profits at reform, there may bea carrot to lure you on — anda —- PEF ent Zhomeon Newspapers Lid. the giant reason to tile carly TAKING CREDIT: Personal i and .é dian-based chain, rose by more “Generally, because of the tan-rate reductions, many deductions such as tuition fees and charitable than 10 per cent last year, the company most people will be looking for a refund,” says Ron donations have become-non-refundable credits. These announced Trace, a chartered accountant with Peat Marwick in credits can only reduce thé tax bill, not become part of a Net income for the year ending Dec Tyronio, cash refund, The new system of credits was introduced 31, 1988 was $254.9 niillion, an ‘in That's because most straight salary earners paid to benefit lower-income people and.tend-to offset or crease” of 10.3 percent fromthe (oo much ty in the first halt of last year, he says. Lower _ reduce the benefits of the lower tax rates for those who. previous year. Operdling revenue aie tax-te © the cornerstone of tax reform — ate effec are better off o rose by just more than 10 per cent to tive to Jan. J, 1988, but they became evident on EDUCATING CHILDREN: If you are supporting $1.2) bition payehy ques only in mid-year a child aged 18 or over in university, you, can claij Hie ana i Trace cautions, however, that a couple of impor credits for him or her as a dependent only if the young m a setenne, the Company sald 1988 ( deductions have ber each person's t@% —_herson has a severe mental or physical impairment. But revenues would have been higher but situation ls different, Owly efter completing the return 15 $600 of education and tition erediés thel the for: the rising value of the Canadian willyou know whether to expect a refund auundent desk pete ter hie tes veturieen ee tesaaneeren dollar against its U.S. counterpart . : edie Seal to eee apie aaapiyheae toa supporting parent, grandparent.or spouse The Ca fian dolla climbed last year deadline, says tax consultant and author Henry Zimmer CHAN CARE EXPENEE: The sania dodiog te eee nde Of Calgary ? tion has been increased to $4,000 from $2,000 for each January to almost 84 cenis by late eligible child under seven years of age, or who has a December severe mental or physical impairment. The overall maximum limit of $8,000 has been lifted. To claim the child-care deduction, taxpayers need a separate form ible from Revenue Canada. LOSSES THAT HAUNT: For those taxpay selling property or other valuables, a new rule reduces . availability of the $100,000 lifetime capital gains exem- States. Thirteen U.S. dailies were ption. Capital gains exemptions will be redyced in any acquired last year and the news release year by investment losses claimed after 1987 said Thomson is considering further FORWARD AVERAGING OUT: Professional U.S. purchases athletes and others whose income fluctuates from year to year have used forward averaging to reduce the tax bite by spreading their incomes in peak earning years over future leaner years. Amounts that were forward- averaged in 1987 and previous years may be brought back into income in future years up.to.1997. But for the 1988 and subsequent tax years, forward averaging has been eliminated. Full figure? Weekly stocks selection. }ORON TO (CP) — Higher interest Bank governerdtohn CroW and his terest-bearing investments such us rates drove down stock prices in U. S. counterpart, Federal Reserve treasury bills and bonds more attrac Toronto and New York on Friday, ad Board chairr n Alan Greenspan, February 26, 1989 got the FAX! Thomson profits Flexible, easy installments. g Ask about — Autoplan Kootenay Savings premium financing. Insurance Services CastlégaiNews PORTS v World-wide FAX service : / Low Rates & Convenient Hours ¢ Business or Personal Use / C if Guaranteed Open Business Hours - Monday to Friday + 9 a.m. to 5 p.m. STRONG & ASSOCIATES #205 - 1215 3rd St. » Above West's in Downtown Castlegar Office 365-5626 + FAX 365-2124 CASTLEGAR SAVINGS INSURANCE AGENCIES B.C. Winter Games Get a good, early head start,"" he says, suggesting Thomson newspapers, either direc tly or through subsidiaries, publishes * more than 170 daily aid weekly newspapers in North America, of which more than 100 are in the United people do their returns in stages to have time to cope with changes in-the tax law and the way a refund is calculated In other words, don't leave it to one weekend and try and get the whole thing done.”* WILSON First, get the slips and. forms together and -skim = through the guide, then do the return. Top Producer for N.R.S. Castlegar 1988 This is a year Where there are a lot of differences ind a lot of people should probably be seeking advice, ays Zimmer The major changes DEDUCTIONS GONE: Two deductions that af tected all workers and all savers have been wiped out he $500 employment-eapense deduction- and the $1,000-a-year interest and dividend income deduction. Now every penny in interest and dividends is taxable Net income for class A and class B shares rose to $1.72 compared with $1.56 the year previous Revenué Canada even-reminds you to declare any in terest you received on your 1987 income tax refund Glen Wilson.of N.R.S. Mountainview-Agencies-Lid.in voutleger has been named top Realtor in Castlegar Area for the Year 1988 for the National Real Estate Service Mr. Wilson has been awarded Top Salesman awards for the past 5 years for all the Kootenay Area His experience, his energy, his consistent record of success makes him the No. | choice in the Castlegar area. —VANCOUVER, B.C. Mention this Ad to Receive Our Special Rate “DISCOVER THE MAGIC’ Any night of the week $65°°... Double Occupancy Live to investors, the week's losses on both have been warning inflationary pressures have not cased Mo Stock Exchange 300 Climbing interest rates and in indes tell 26.35 pointy to fationary increased in of 48.78 points on the estors’ Worries about the business aid BENISSIMey economic outlook, analysts said Ss uverage Of 30 in puffin’ Higher rates also tend to make sater in _ WRITERS IN Chase css | THEIR SOCIETY =: CONFERENCE Featuring Soviet and Canadian Writers rs tie ede feral Revers Brilliant Cultural Centre, Castlegar 162¢ cial Inaittlons-<~ to sloen ter con Saturday, March 18, 1989 ad On ithordag: the Bank of Canada fam. :'10 cused seoeoee aoe Suecey Match to, F969 esr week 1 to 3 p.m. Conterence fee: $50 (including Banquet and evening program) or register for parts of the Conference Suzanne Powell of Castlegar (left) took the gold medal in the women's weightlifting competition at the B.C. Winter Games in Nelson this weekend. Above left, judo competitors got down on the floor to decide a winner while in the ring a boxer tries to avoid being on the receiving end of a punch. Meanwhile, Castlegar’s Rick Young (right) concentrates on his heavy task in men's weightlifting. Young went on to take a bronze medal. so Expires April 31, 1989 Ask about our special Government and Corporate Rates. Stay in an elegant suite with separate livingroom Winter Coats & and bedroom, balcony, color TV, Free parking. Jackets ¥2 Price 7 DOWNTOWN VANCOUVER — CLOSE TO MOST ATTRACTIONS All Blouses 2 Price CHATEAU GRANVILLE “A Best Western Hotel” Grand Forks 1100 Granville St., Vancouver, B.C. 669-7070, Fax 669-4928 EBANewrs photos by Nick Ale Call Toll Free 1-800-663-0575 ond Dovid Dafovs Company offers shares VANCOUVER (CP) — Cominc« Resc International Ltd. announ SIMPSON SCORES THREE Oilers dump Blues OILERS SBLUES3 EDMONTON (CP) goals, including the game winner, and the Edmonton Oilers skated to a dull S-3 NHI victory over the slumping St. who scored tice in the first period, four times in the Louis Blues Saturday night second to bre FOR INFORMATION CONTACT: Selkirk College, Castlegar, B.C. (604) 365-7292 Banquet Only: $12. Tickets available at the Selkirk College Bookstore, Doukhobor Village Restaurant. The Bookshop in downtown Castlegar and USCC Community Centre, Grand Forks. ki 77 ———_CASTLEGAR CAMPUS lege Boyd first Canuck to win at home By GARY KINGSTON Box 1200, Castlegar, B.C. VIN 3J1 W haters, and they play each other three more times Tommy Lehmann, Greg Haw good, Cam Neely, Bot Sweeney and Keith Crowder also scored tor the Bruins Craig Simpson scored three ced Friday a rights pffering of eight skiing $6 well now I wish there was more races to go to million common shafes which it hopes WHISTLER (CP) — Rob Boyd se: E Be E 7 ob Boyd set skiing history Rob Bosinger of Banff, Alta., finished 17th in SELKIRK COLLEGE Saturday, becoming the first Canadian man to win a 87 while Don Stevens of Rossland placed 31st in Invites applications for the following positions Y World Cup downhill race in his home country 82 ak the game open and three more in the tinal will raise about $22 million for new The win extended Edmonton's modest but impressive period mining projects Win streak to three games and moved them into second The CANADIENS 6 SABRES 1 MONTREAL (CP) — Stephane Richer and Russ Courtnatlcact- scored a pair of goals as the Montreal place in the Si ¢ Division, one point ahead of the Los company, controlled By place in the Smythe Division, one point ahead of the | Angeles Kings Cominco Ltd., will be issued to CASTLEGAR CAMPUS 1. COUNSELLOR The successtul candidate will be responsible for educational planning, high : The shy. 23-year-old from Whistler,-who:had un is school liason and career and personal counselling in Castlegar and the College region. Applicants should have a Master's degree in Counselling or a related area, or an appropriate combination of academic training and professional ex perience “I'm pretty happy with my run, but I tell you I just feel great for Rob,” said Bosinger. “It's a great climaa * Simpson scored his cighth goal in the last 10 games‘by tothe season. 8 Is that right?"* said Boyd ay a huge grin spread shareholders of record on March across his windburned face. ‘Hallelujah Canadiens ended Buffalo's five-game winning streak with ¢ 1989, on the basis of one right for each other” Canadian. realis; ‘Mike Caniey or putting a rebound into the top of the net two minutes into OE NE victory over the Sabres mmon_ share held, a company Squamish was 39th in 2:13.36; Cary Mullen, Banff, 45th team on his shoulders, won his third career downhill un. 2:14.21; Roman Torn, North Vancouver, 47th, 2:14.45; der the most pressure: packed OF situations. Hesireaked and John Buchanan, Vancouver, S4th.2-15-41 to victory before a wildly enthusiastic home crowd, Felix Belezyk of Salary and benefits in accordance with the Selkirk CoHege Faculty Association collective agreement. This is @ short-term, replacement position starting as soon as possible 2. JOURNEYMAN TRADESMAN the third period to snap a 2-2 tie ISLANDERSSPENGUINSS UNIONDATE, N-Y- (AP) = Randy Wood's second goal of the game with 2:03 le gulation time capped a Cauleger, Daw ‘Moar at goal of the game with 2:03 left in regulation time capped three-goal rally in the tinal 13 minutes of the third-period Revelstoke, and Mark Anderson of Rossland did not ; ors end Mace Ler am aaa and gave the New York Islanders a 5-5 NHL tie with the Pit. the second period Chris Chelios and Claude Lemieux also seéred foi . comfortably carried the weight of a struggling Canadian spokesman said ina news release anadiens to provide ample offence for goaltender Patrick ~ SUG remains undeteated at the-lorun-this-seaser A cight isa temporary privilege gran et F id ith 19 victories and two ties. He made 21 saves and had | led Lo a company's existing common hareholders_to_ purchase additional hutout bid foiled by Dave Andreyehuk's 20th goal early +t belore people who kept stopping him on the street to say stated price and within |a hope you wir ime period from the com 1 ean't really believe it mysell,"” said Boyd ater sal aging a season marked by poor team results, injuries isburgh Pensuins, who btew a big tead tor ihe second pane EEAESSSTARS2 Inarow BLOOMINGTON, Minn. (AP) Vincent Wood put the rebound of Gerald Diduck's shot past se scored the tie-breaking goal with 3:08 lett iv Boyd's victory moved hin into tightly place fir The final downhill standings with 68 points, Hoeflehner would up second with 112 points, 27 behind Girardelli HAD TOWAIT Starting from the No. 9 position on a cool, sunny rights and $2.75 will be and conflicts with the coaching stat t subsgribé to each Cominco * ase I'll sink in quick P'm sure ternational Common share, the Giada 12 plan brorserretk : b A ahs Boyd, skiing 10 a finish line just 200 metres trom e yeor of related experience: the family home, flew down the challenging 3,803-metre and must be in good physical condition. A Provincial Gas Fitters ficket would be : : of He, ? : Whistler course in two minutes 10.03 seconds. He the finisharea for the No. 14 starter, Swiss veteran Peter finished 17 One-hundredths of a second in front of Mueller. The 31-year-old Mueller had won Friday’s Daniel Mahrer of Switzerland final training run 1 saw him only a 10th (of second) behind (at the RANGERS 7 NORDIDUES? interval) and thinking of his gliding abilities 1 was hind ‘ 7 Canadian flag ran through the crowd behind him of worried, but I guess 1 was cven faster than him atthe QUEBEC (CP) — Rookie" centre Darren Turcotte i t I ; I'Sanice way toend the season, bul Tfecllikel’'m bouom." scored iwice, as did centre Carey Wilson, and Guy Laficur overall league standings but only three point Picked up three dssisty in the New York Rangers 7-2 NHI North Stars and St. Louis Blues, who are tied triumph over the Quebee Nordiques ‘ The win was the third in four games for the Rangers, Blackhawks in the Norris Division RED WINGSS BLACKHAWASO DETROH (AP) — Steve ¥zerman and Shawn Burt cd short-handed goals $4 seconds apart ir Pittsburgh goalie Tom Barrasso for his 11th goal of the ond period as the Toronto Maple Leats downec season. David Volek started New York's comeback at 6:37 Minnesota North Stars 4-2 when he scored trom the tetrcircte and Derek King’s goal at 11:08 made it S-4 Damphousse gave the L eats their first lead of the NHL company said. The offer expires April day, Boyd had to wait several agonizing monients in ia Gint aoclorit A. bamehh Mache Uma aileany Gb the-con Bryan Trottier assisted on the last goal, tying Gilbert. Minnesota goaltender Joi Gasey eight seconds at anys president, sail thenew capital Perrault for seventh place on the all-time NHL scoring ligt with 1,326 points Ed Olezyk added an insurance goal with 9:20 Salary and benefits in accordance with the P.P.W.C. collective agreement. This power play expired. is needed tor Cominco International to is a temporary replacement position starting as soon as possible It feels great,"’ said Boyd, as a young man fund seven new gold and copper Deadline for applications for the above two positions: Merch 8, 1989 NELSON CAMPUS 3. HAIRDRESSING INSTRUCTOR and Arizona. K YOU! The successful applicant will be responsible -for teaching all phases of THAN cosmetology including hairshaping, design, colouring and permanent waving ARE EIGHT NEW ‘and hair and skin disorders. Other duties will include preparing students for RS TO COLLECT Zoz00 Beouty Centre would like to hair shows and arranging field trips, supervising, salon activities, and moin. thank everyone for making their first taining iventory of supplies and equipment. Applicants must have Grade 12 Annual Valentine's Extravaganza plus from a he 19 school: be o licensed BC heir. .¥. sucha Great Success! dresser in good stonding with a minimum of 5 years salon or salon-related ox Look what's come ashore perience and have excellent interpersonal and communication skills exclusively at Shell! A new wave of Sesame Street figurines decked out for 28th of the season ona power play wearing only pink underwear and carrying a huge projects — in Nevada, Chile, Mexico ¢ Victory gave the Leafs 49 points, nexi ind only tour behind the second-place Chicags Cooki Monster, Oscar giving them a one-point lead over the Pittsburgh Penguins OOKIC€ S , the Grouch and Snuffle- upagus. Just 99¢* each time you fill up at Shell. Sach hand-painted figurine is safe, durable and fun and a iwo-point cdge on the idle Capitals in the battle for Sandman splits pair By CasNews Staff game from HArrow Sandman Inn split a pair ot Bob first place in the Patrick Division Quebee remains last in the Adams Division six point period and Detroit goaltender Glen Hanlon made 2 Arrow which jumped out toa 2-0 beac PRIZE WINNERS FREE PERM — Liso Proud behind Martlord Whalers, who have three games in hand as the Red W ings beat the Chicago Blachhaw ks $-« Lssaunce, Duane Weir and — in the first minute of the pame. Hi See Salary ond benetits are in accordance with the B.C.G.E.U. collective 1d-period goaly by Turcotte and Wilson gave the The victory ended Chicago's five-game NEL un agreement. This position starts as soon as possible Castlegar Recreational Hockey FREE SET OF NAILS Laurie Rodrigues - Judy MacDonold Deadline for application: March 17,1989 Please send applications, including 3 references to Personnel & Employee Relations « Ikir jy ————_CASTLEGAR CAMPUS Box 1200, Costiegor, B.C. VIN 331 Edlege ssh a day at the beach. Collect Big Bird, Ernie, Bert, The Count, J ZG SESAME STREET Start your collection today. her information, call the Shel! H-free at | re 800-661-1600. I cague pai 3 decision scoring Hi » Thur with the third peric Shell to the win, cach scoring a pairot — deiby with a ha vouls. Sing and Clay Bobby Zarsh scored for Sandman in a losing cause to Shell Thursday alter.out Sand Arrow 11-7 Wednesday mes last week, dropping a 6 closed the gap to 4-3 with 15:30 left in the third but worlate goals day's game, Kelly Kerailt by Shelliced the game Mining marker curly inthe On Wednesday, Rod layant and 4 dnd Bruno Lassane ted — Peter tisehterted-Sandman’s scoring trick cach, ‘Tischler les went to Murray Pearson also added twoassists Martini, a pickup tor the Kevin Kirby scored three tor Hi Arrow tied the score on three ditterent occasions before Sandman put the game out of reach with four goals in the third period Also scoring for Hi Arrow were Rick Shukin, John Obcthott with wo and Martini Randy Martin scored twice for San dman with singles going tw Tony DaRosa, han Stewartand W git Rangets a lead they never relinquished. Turcotte scored on # rebound and Wilson with a slap shot trom the felt wing, with Lafleur, who played his junior hockey in Quebec City assisting on both goals BRUINS9 WHALERS I HARTFORD, Conn. (AP) Glen Wesley cach scored twice as the Boston Bruins Randy Burridge and solidilied their victory over the Hartlord Whalets The Bruins increased them tead over Hartlord to nine points, Boston hay 18 games remaining, one less than the aten streak Mict Doug Houda’s goal gave Detroit 2-0 lead at 13:26 of the second period, Yzerman and Burr connected while the Red Wings’ Rick Zombo was serving a roughing penalty Yzenman fought off a check trom Brent Vannes and. beat Chicago goaltender Ld Bellour with a rising shot tor his S8th goal and Burr increased the lead to 4-0, sliding a shot between Belfour'sdegs alter taking a pass tron Tce Norwood