Se ee 1e 30, 199 Dipping into the mailbag for financial answers There is more than one tax- d ible way to help a child with schooling. And you can lend money to a relative - while doing some tax-sheltering at the same “time. Into the reader mailbag we 0... “I'm a federal employee and also have a sideline consulting Schedule for July 1, 2, & 3 Wed. 6:30 pm, Thurs. 9:00 am * WEST KOOTENAY TODAY - A look at local events, activities, and people. Wed. 7:00 pm, Thurs. 9:30 am * HISTORY OF ROSSLAND - This week Jack and Harry look at the mining history of Rossland. Wed. 8:30 pm, Thurs., 11:00 am + J.L. CROWE GRADUATION CEREMONIES - Coverage of the Sunday C: ies of grad Sunday July 5 6:00 p.m. *MAIN STAGE DANCE WORKS - The students of this Rossland dance school performed for their family and friends at the year end recital. 3rd Annual Country Music Festival In Hedley, B.C. (45 minutes west of Penticton on Highway #3) July 10-11-12 Featuring: Kris Kristofferson Sawyer Brown Pirates of the Mississippi * lan Tyson Prairie Oyster * Michelle Wright * Blue Rodeo Mel McDaniel * Paulette Carlson The Good Brothers * Patricia Conroy Wild Rose * The Tommy Hunter Show Joel Feeny * Brent Lee * One Horse Blue and many more! 1 Day Pass *43™ advance) “so (At the gare) 3 Day Pass’ *78™ advance) +95 (At the gate) Includes GST “Includes Free RV/Campsite with ticket Tickets available through: Hedley Blast Office (604) 292-8294 Towne Ticket Centre (604) 860-1470 Pete's T.V. 279 Columbia , Castlegar (604) 365-6455 Artists may change without notice M1 try H ict Province & @bvbcty pcan wy The jar Sun 7S ————— Hedley Blast Giveaway Falcon Painting Castiegar + Hooter's Gym Castiegar SAGES eel eh Ne ik business. I have paid maintenance for my daughter which ends now she is 18. But my ex-wife wants me to continue the payment until my daughter's second post-gradu- ate degree. I get along well with my daughter and would prefer no legal intervention about her col- lege plans. Is there another way to help her and still get a tax - BIL Pay her to work in your consult- ing business at the same rate you'd Pay an outsider : Plus | a bonus to it” you can even incur a loss - and 1 ca are tal ed) claim this against “your mt income. You deduct what you pay your daughter, which saves you tax: she will pay little or no tax on her income. And this arrangement is com- pletely flexible. “I cashed a $19,000 RRIF. The bank withheld tax. But when I got my tax slip for the whole amount, I ended up doubly taxed — on my principal as well as the inter- est. The bank person said. “I know it's rotten, but that's the way it is” What do you say?” — RH. Yes you pay tax when you get back your RRIF (or RRSP) ot. cipal. But remember, you received a deduction for your original contribution. So there's no double taxation. Ideally, you contribute in a higher tax bracket and withdraw the funds in a lower tax bracket. Taking out lump sums, however, can push you into a higher bracket. “My brother and sister-in-law needed to borrow some money. Instead of lending them the cash, we made their RRSP contribution so the tax saving equalled the money they needed. When they eventually cash the plan, they'll repay us the principal plus all the tax-sheltered growth. Is this a sound approach?” — M.K. That's certainly an original way to broaden the use of an RRSP. When your relatives with- draw your funds, they will pay . them for the amount above the original “‘loan/refund” (As noted above, they should try to with- draw the money when they are in lowest tax bracket.) And both parties must feel comfortable with the whole arrangement. “How does one arrange a will to protect, for example, a daugh- ter married to a man with two children of his own, or a divorced alcoholic son with three children? if the daughter dies before her band, do all her p end up with him? And how do you protect the son who is unable to manage money?” —J.V. Your daughter's will can speci- fy that on her death, some or all of her personal possessions and financial assets are left to other members of the family, rather than to her husband and his family. Money left the alcoholic son could be put into a trust so the income would be paid out to him while the capital passed to his a lawyer may well suggest other ts. “Should we buy a second See GRENBY 8B tax. You will need to In the last Business Glance vice. hig and graphic design a business Specializes vehicle contract for the City of Nelson Police station. The correct information graphic, aswel as exit and Frees Pon thes Sst ed in Nelson and use the latest in hnology when serv- bag reegeroes os the busi- nan gies uae feces whose work has made an increasing impact on the West Nelson's Street Front Graphics awarded signage contract During this time, she has a keen appreciation of the unique needs and esthetic of the people who choose to live and work in this area of B.C.. Her clients have included the Mi nN T copy GEARS BC Warns Some gory wsence anc ver 6 sang-age THE MOVIES RET [ERI] (SAT)[SUN MON [TUE] WED (THU mx( 3 [4 JL5 JL6JLZIL8 19 |} BATMAN PFEIFFER (J RNS STARTS FRIBAY JULY 17) FARANDAWAY (HORI ne } Name j Phone Smetana ge cpm tigre he eevee a ENTE! TO THE CASTLE THEATRE H Weekly draws! No photo copies please. | Sear NRS becomes largest real estate company through recent aquisition “Sun Sta Staff ___ National Real Estate Service, which has offices around the world, including Castlegar, is completing a deal which will more than triple the size of the company. According to a recent news release, NRS is in the process of finalizing an agreement to acquire all of the shares of U.S. based real estate franchiser Red Carpet Holding Company, and all of the assets of Gallery of Homes, Inc. and Tranex Reloca- tion Services, a relocation and referral network, from Detroit- based Central Holding Compa- ny. The purchase price has not been disclosed. With the aquisition of the real estate franchise assets and opera- tions of Red Carpet and of Homes, NRS will triple its number of locations and its num- ber of sales associates. As a result, NRS will be able to offer its clients the services of more than 9,000 sales associates work- ing out of more than 700 offices across Canada, the U.S., Hong Kong and the British West Indies. Barry Brown, an NRS realtor in Castlegar, said the expansion is a real plus for homeowners in this area. “Now homeowners or prospective buyers, if they are relocating or thinking about pur- chasing property, can shop around the world by stopping in at their local NRS office,” he said. Established in 1955, NRS is one of Canada's largest real estate firms operating both fran- chised outlets and corporately- owned offices together. Glance Hedley winner ions to Karen Ran- dell who was the first place winner in The Castlegar Sun Hedley Blast contest! Karen will be getting VIP treatment at the Hedley Blast and a spe- cial back stage introduction to Sawyer Brown. Heritage Roofing of Nelson has the contract to repair the roof on the old Brilliant School and on the Blueberry School. Grand opening Yesterday's Treasures, a well known Kootenay antique store has a new location. They are in two houses across from Evergreen Natural Foods (aka Little House Fruit Stand) at Crescent Valley. Bertha White invites all her former cus- tomers and friends to her new location. And yes, she has lots of dolls, bedroom and dining room suites, and china. Mall on the move An artist's rendering of the Midtownplaza, supplied by architects G.B. Embleton & Associates and C.W. Wills, is on display at the Castlegar Savings Credit Union. Wm. Berg Construction Ltd. has begun barricading and exca- vating the land adjacent to the east wall of Safeway for the construction of the plaza Million Dollar Mondays CKQR 760 Radio in co-opera- tion with B.C. 49 are giving away cash prizes including up to $1,000,000 each week and additional prizes totalling over $5,000 right through until August 31. There will also be daily prizes awarded and a Grand Prize draw on Septem- ber 9, 1992 that will award the winner with airfare supplied by Time Air to Vancouver, accommodations for two days for two at the Hotel Vancou- ver, a guest appearance on Loto Night in BC, and a trip for two to Reno with Silver- wing Holidays. Enter to win at participating businesses and listen to CKQR 760 for more details. lations The recent Rib Fest at the D- Bar-D ranch was a success thanks to eddie b (1 spelled it right this time eddie) and the other band members who bat- tled the heat to supply great music to the fans. Due to the success of this years Rib Fest, music and rib lovers can expect this to become an annual event. Sorry to see you go Murray David Collins, half of the QR 760 morning crew, and Probably the most popular radio announcer in the Koote- nays, has left QR. Known for his booming, smiling voice and morning nonsense, Mur- Tay’s expertise at making sure that QR listeners had some- thing to talk about during their day, will be missed by his many fans. Good luck in your future endeavors Murray, we'll miss you! Sunfest supporter Thanks to Leni Normington of Street Front graphics for donating the design of the Sunfest logo which will adom the Sunfest t-shirts and hats. Leni also donated her time and energy to do the lettering on the new Mountain View Lodge bus and the banners for the Lion's Club which will be used during the Sunfest Daycare grads Congratulations to Brenda's Family Daycare for honouring the children moving from day- care to kindergarten. Good luck kids! Phone 365-5579 with your h (Wednesday, June 30, 1992 The Castlegar Sun Page 7B CASTLEGAR CHAMBER OF COMMERCE 1995 - 6th Avenue, Castlegar, B.C. V1N 4B7 + * (04) 365-6313 + Fax (604) 365-5778 Manager's report Time to start thinking about membership renewal Even though it is summer and we will not be holding any more membership luncheons until fall, I will be continuing with the monthly newsletter to keep an existing business and exporting to name just a few. Our Chamber works with the Ministry to spon- sor Home Based Businesses and Small everyone up to date and inf with ir News. Business Week. They provide our office with a wide variety of pub- T know it is a little early to start hi g about the Castlegar & District Chamber of Commerce Annual General Meeting, but this year we will be doing little different. Our SOM willbe be held on Sunday, September 20, 1992 (mark this date in your cal- endar) at the Castlegar & District Golf Club. We will be starting off the day with a best ball golf tour- nament (even those of you who don’t golf can come out and enjoy the fun), followed by a steak BBQ, prizes, installation of offi- cers and a mini auction and lots of fun. The cost will be $40 per per- son if you are a member and $50 Per person if you are not a mem- ber. The cost covers all entertain- ment, golfing, prizes and dinner. If you would like to sign up early, (before July 31, 1992), your name will be entered into an early bird draw. We have had a won- derful response from various busi- ness people who would like to sit on the Board of Directors for 1992/93. Thank you very much and I look forward to working with each and every one of the new Directors, as well as working again with t hose who are staying on. If there are any more of you out there who are still interested in joining our Board of Directors, please let me know, we éan always make room for one more. The Castlegar & District Chamber of Commerce has recently renewed their contract with the Ministry of Economic Development, Small Business & Trade. This contract allows the Chamber Business Information Centre to assist anyone interested in starting a business, expanding What is the The Castlegar & District Chamber of Commerce is an organization of business leaders, Professionals and individuals who civic concems of the community, We are dedicated to supporting Castlegar & District towards improving business opportunities and the strengthening of our eco- nomic base. Our organization acts as a single voice for members with local, provincial and federal its, on issues of policy, with a goal of promoting new ities in this area. The Chamber of Commerce enable people to work together to improve business, to build a bet- ter community and develop better which are available in our ever expanding resource i . We have recently received a most helpful booklet to those who are interested in starting a business. It has a checklist of legal requirements, contacts for business, finding business oppor- tunities, government programs and services available to small businesses and much more. Some publications are free of charge and others can be chased. The Chamberlink computer inf ion base is a program which links our office to RENEE READ cement. If you would like to peruse through the tenders, give the Chamber office a call. The Creston Area Economic Devel Cc in con- the majority of other Ch s within our province and of course the Ministry itself. This informa- tion base also links our Chamber to various public tender opportuni- ties. It contains a comprehensive set of tenders for the Western Provinces and Supply & Services Canada. It gives detailed informa- tion regarding tendering terms and conditions, agents, quantities and descriptions. The tenders can be search by province, federal, date, region and commodity group. These tenders are updated on a regular basis. Today there were a total of 1167, 121 in BC, 133 in Alberta, 722 in Supply and ser- vices Canada. Out of the 121 in BC, there were 16 in the Vancou- ver Island/Coast area, 37 in the Mainland/Southwest, 1 in the Thompson/Okanagan, 2 in the Kootenays, 5 in the Cariboo, 2 in Nechako and 58 BC general ten- ders. The tenders range from rain- wear, electronic typewriters, laundry & linen cleaning services, corrugated metal culvert pipe . rock drilling and drills and asphal junction with the Ministry of Eco- nomic Development, Small Business and Trade will be spon- soring a workshop in Creston re: “Cross-Border Shopping: Meet the Competition Head-On”. This workshop will be taking place on July 14, 1992. Our own Marilyn Strong, of Strong & Associates, will be giving a presentation. There is limited registration, so please give us a call for more information. The Federal Business Development Bank would like to draw our attention to two award. The FBDB Young Entrepreneur Award which is presented to a BC nominee who is 29 years of age or younger who has successfully oper- ated a business and been involved in our community. And the BC New Canadian Entrepreneur Award which is presented to any entrepreneur, not born in Canada, who has achieved success in the , Tetail, ing and services industries (four awards), as well, who has been a leader in the business communify. Chamber of Commerce? bers only, even for one person businesses Your support makes you a part of the action in our community and district for ... + Business, Progress By membership in the Cham- ber of Commerce — we all bene- fit! Opportunity, Start Your Own Fashion Business For Just $320 — Leigh Morgan's revolutionary stretch denim jeans earned thousands of fans this spring Now, the successful 7-year-old, Vancouver-based company has launched a complete collection of cit hip in the When you join the Chamber something positive happens to benefit you, your business and Direct Benefits * A collective voice for business on a united front A forum for current issues cA focus for future development + Sponsor of educational seminars and * members of the BC and Canadi- an Chambers of Commerce * Networking with others mem- bers + Opportunities to help forage the direction that business and other Policies go; in both Municipal and Provincial areas + Monthly membership meetings provide key speakers on a variety of tops, covering business, politi- cal and personal issues © Business Directory available to * Group plans available to Chamber mem- classic denim and coloured jeans, tops, jackets and skirts, sizes 4-16 Because Leigh Morgan sells its clothes direct, their Jeanswear is priced far lower than comparable quality jeans in retail stores They're designed to fit and flatter women from 6 to 60. So — because everyone owns at least one pair of jeans — the market is limitless. Here's how it works: An initial investment of $320 buys you a sample Jeanswear kit to show your friends, workmates and family. (Let them try on each piece and discover its quality for themselves.) We ship orders to you pre paid v via courier within two L days and you keep 30% of the retail price as income. It's a simple system with unlimited earning potential You don't need a store. You don't need staff. All it takes is a small investment and you're in business. We have a few openings for Jeanswear reps in your area. For more information, please call Call: Sue Henry 542-8802 is August 14 and the winner will be announced during Small Business ‘Week in October. It would be an honour for our community to be the home of the winners of these awards. Please call the Chamber with your nomination or for more information. We will forward the nomination on to FBDB. The Vancouver Island Gift Show is a wholesale show occur- ring twice annually at the Victoria Conference Centre. If you are interested in promoting your goods and services to the retail trade on Vancouver Island, please contact the Chamber office. The Fall ‘92 Gift Show will be held August 9 and 10, 1992 and the Spring ‘92 Gift Show on January 17 and 18, 1993. Show sponsors are the Min- istry of Economic Development, Small Business and Trade and the Times Colonist Newspaper. This is a perfect opportunity for those that would like to show what we have here in Castlegar. The Chamber will be hosting a “Chamber Day” on August 12, 1992. This is an open house to promote the Chamber, Chamber as well as the Busi and Tyavel Information Centres. There will be a ribbon cutting ceremony followed by free hot dogs, cake and refreshments. I will be approaching some local VIP's and celebrities to help us oul, make sure your drop by and say hello and see what the Cham- ber has to offer. Rhoda Romika Samolare Naturalizers Tender Tootsies Did you know... Thé Conference Board of Canada announced on May 27, that B.C. will lead the country in economic growth this year. The Conference Board expects B.C.'s economy will grow 2.5 per cent in ‘1992, more than twice as fast as Alberta, the next strongest province. What follows is a useful glos- sary of commonly used phrases (along with their subliminal meanings), cheerfully offered as a training aid for any ingenue bureaucrat. Meeting — A mass mulling of masterminds; called when all else fails. Channels — The trail left by an inter-office memo. Re-orientation — It's Mon- day again. Where were we? Implement the program — Hire more people to confuse thing so that I can't be blamed. For your information — I don’t know what to do with this, 80 you keep it. Coordinator — Person with a desk between two expedites. Expedite — Confound con- a Luxury 2 Bedroom WATERFRONT In the St. Paul’ fusion with commotion. We will look into it — By the time the wheel makes a full turn, we assume you will have forgotten about it too. It has come to my attention — You're in trouble. For up-to-date TV listings look to the Sun! POLLAINE FE. EMDE AMO COLUMBIA AVE. GAR, B.C. VIN 3K3 (604) 365-7616 Res 365-3253 Grand Prize $353,000 Condo at 1000 Beach Avenue 10 second CONDOMINIUM bf¢1000 cash * Only 9,900 tickets avaitable + Draw date September 11, 1992 All {Al pracesde 90 to support nt and research at St’ hauls Hospital Foundation Luxury Home Lottery Your support of the ST. PAUL'S HOSPITAL FOUNDATION is appreciated. Please sendme _ __ticket(s) at $100/ticket. Enclosed please find my: () Cheque/money order (payable to St. Paul's Hospital Foundation). QQ) ViSA/Mastercard #_! _| _| _| Expiry date: __ Signature: Name: Address: City: Phone # Home _Province: Postal Code: Office: Please mail to: St. Paul's Hospital Foundation, #386 - 1081 Burrard St, Vancouver. B.C., V6Z 1Y6 or call 684-UWIN or 684-8946 to order tickets. Selected Styles & Sizes 00% Plain & Steel Toe CSA Approved ss on location July 2,3 Lottery #774517 HOURLY SPECIALS ¢ Nokia « Helley Hanson « Cauiks ¢ Alfred Lambert « H.H. Brown ¢ Greb « Kodiak FIT-RITE SHOES 1224 - - 3rd St. Castlegar EREMENKO'S 365-7353