fee ete eee HN marie

| BUSINESS Pe EE PS ue
Value of a pension can be a major asset.

- Slocan Valley welcomes ghosts, goblins and witches

QEAYMSKH VP BO oo ma me

SONS 0 AE

conserve some gas? If yes, then
we have the solution for you! The
Slocan Vallcy Halloween Party

‘pe. you find it too far between
houses on Halloween? Are you
worried about traffic or nasty
di ‘Would you like a chance to

‘CASTLEGAR |
| ARTS COUNCIL

‘’ WKNEC - until Nov. 3, “Guardians of the
Spirit, clay sculpture by Christine Dell.
* Until Nov. 10 - tapestry works by 4 B.C. artists
.* Selkirk Weavers and Spinners Gulld - Annual show & sale of
Fibre work. Oct. 16 10 - 3 at the Rec. Complex
2, Fashion show “TOPS” (sweaters, etc.) 11 am. Admission free
‘> Kootenay Art Club meets every Wed. from 7 - 10 pm
. at the Senfors Citizens Hall.
.. All welcome. Info: 365-6816 or 365-7450,

Call Cathy at 365-5266 days.

Sponsored by
The Lion's Head Plats.
Style Nelghborhood Pub F B.C. 365-5811 §
Karaoke - Wed. & Sat. + Oct.17,18 & 19, John Cresswall

Soon October 31, witches can

can light ‘their fires - they" re al

had been revived! Spagenred by

the Recreation Commission, tho
party will be held on Thursd

to bring a Halloween cake which

' October 31 at 6 p.m. at the Slocan

Park Hall, Just ask those who
attended two years ago - every-
one had arousing good time! |,
“Ghosts, goblins, witches and
friendly dragons should get ready
for an evening of fun,” says Eliz-
abeth Gatenby, organizer of the
party. “All ages are welcome to
come and join in the festivities -
Bob for apples! Take a cake
walk! Or play musical chairs! All
adult and children's costumes
will be judged - there will be
great prizes for various ate-
Bones. All children are also asked

they have di ~ the best one,
will get'an award, *

Parents are asked to Iet the kids ,

use their imagination and talents
to create the winning cake,”

To give the, organizers an idea
of how many childreh and adults
will be attending, everyone is
asked to call'226-7744 by Tues-
day, October 29.

The party is free, but each per-
son attending is asked to drop off
a bag of treats at the Recreation
Office before registration dead-
line. Help is still needed, so

please call Elizabeth at 226-7744

: “WHAT'S FOR LUNCH?
(P22 3 Pleces of golden deilclous chicken

% YA generous portion of crisp french fries
or freshly cooked jojo’s
Homemade coleslaw and a dinner bun

- MMMI.MMML-

2816 Columbia Ave.

or af Mark at 226-11,

[at the Clubs

musician's jam’ sessio
Musicians ‘are ‘asked t
which begins’ at 8p. ™m..

Hi Arrow.
At Brewskies pub: in. the I
ill be takin;

ing at 9:30 ‘p.m. every
‘Nancouver are also | set.

Fireside Inn:
Banjo’s -in the Fireside

: itchinson ‘Wednes

‘Friday and Saturday; ‘Banjo’s is bri

‘country/rock band from Trail. Sunday 1

has been set aside for all the local, ‘tnusicians from 8 p.m.-

ong wards wi
p 401 variety dance band “Black
the stage’ at 9:30 dB Seqays s°

ewskies ab ee
for all Karaoke loversil

12 p.m

Arena Complex
Date = Oct. '26
ime'-9:00.-.1 :
Price = $6 per person.
Advance Tickets = Bonnet

welcome at the Slocan Nalley

hop on their brooms, ghosts can
Halloween Party!, .

Hog down the valley and dragons,

The Slocan Valley Halloween Party is being revived! All
ghosts, goblins, witches and friendly dragons are invited
to the Slocan Park Hall on Friday, October 31 at 6 p.m.
for an evening of devilish fun! Call the Recreation Office
at 226-7744 by Tuesday, October 29 to register or for
more information. Photo by Elizabeth Gatenby.

B.J. Thomas to
| Berform i in Trail

B.J. Thomas is not only a
singer, but a musical craftsman,
who-has the.unique ability to
mold tune that will always. be
identified as a B.J. Thomas song.
His talent and unique vocal
styling have crossed virtually
every musical arena, eaming him
numerous gold records and five
grammy awards. ‘

B.J. Thomas is playing to
capacity houses from coast to
coast in Canada and the United
States. Audiences everywhere are
standing and applauding the
illustrious singer from Oklahoma
who captured the world with his
unique country vocal style during
the 60's and 70's. He performs
all the hits and more during his
renowned extra-long, energetic
stage shows.

B.J. THOMAS |
KBS Radio proudly pre-
sents B.J. Thomas, plus the
Kenny Rogers Tribute Show,

IES DEER = PTT

CENTER TO WIN A FREE MOVIE PASS

‘Weekly drawal No photo coples please,’
. off newspaper coupon at the
Ucastieger Sun - 485 Columbia Ave.

+ Happy Birthday John S. - from all us girls _
(and your wife too!)
&- Happy Birthday Doug - Love from Sharlene

THIS WEEKS WINNER IS INDICATED BY LOGO

Phone In Your Birthday Wish’& We Will Print it Free of Charge. All
Birthday Groetings Must be Phoned (365-5266) In By Noon
Thursday Of The Week Before The ree Comes Out.

Pick Up Your

ROYAL TREAT. .:

atthe, 2s i
Castlegar Dairy. Queen

RODSUN = CASTERGATL

“Which politician is
rumored to be a free

1t:sinée, Wrigley's
‘cancelled his gum con--
tract?

He ward Dirkst-

Paid for by the not'so'young:
Robson Ferry.Committeo: =.”

featuring Otto Van Ewyk &
Silver City appearing at the
Cominco Gym in Trail,
November 17 at 8 p.m)

*. “Advance :tickets dre $18
including GST per person, and
are available from Pete’s TV,

, Castlegar; Appletree Music &

‘Books, Creston; Fruitvale Phar-

» macy; Horizon’ One Hour Photo,
Nelson; Alpine Drugs, Rossland;
Glenmerry Market, Trail; and
KBS Radio, or oy Salling 368-

NN

Shite

10

Schedule for. Oct. 16 & 17, 1991
ti Wed. 7:00 prn, Thurs, 9:00 am
. Kootenay | Kitchen —- Nancy cooks up a Tostada Pizza
Wed. 7:30 pm, Thurs. 9:
. FAC. TS.; -— Repeat of live Tuesday eve. programme that
dealt with TEEN PREGNANCY.
Wed. 9:00 pm, Thurs..11:00 am'*
.* Trail City. Council— Gavel to Gavel ~:*
Thurs. 8:00 pm .
«Live Election Coverage — Shaw Cable and CKQR,will join
» forces: to bring up to. the’ minuté results of the ‘Provncial
* Election. CKQR’ personalities Neil Andrews and Marcella
<!Chemoff will anchor from the Shaw Cable studio in
Castlegar with reports from throughout the area.

9:30 am. :

A friend retired recently at age 55
with an indexed pension starting at
$3,000 a month. He was amazed -
and delighted - to discover his pen-
sion is worth halfa million dollars.

“Tknew I had a good pension - after
35 years with the same employer I
‘ure I deserved it! - but I would oe
have seen the pension as such a major
asset," he said.

In other ‘words, it would take
about $500,000 to buy a pension for
a 55-year-old man starting at $3,000
a month and indexed at five per cent
ayear

The payout, of course, will be
even greater, If he lives for 25
years (approximately his life
expectancy), he will collect

a

Inere's no business

The facts speak for them-
selves! Small business is the pri-
mary generator of jobs in BC and
is responsible for more than 95
per cent of new jobs created in
the province sine 1979, It
accounts for 40 per cent of the
private sector payroll.

According to economic fore-
casters, this is a trend that, will
continue this decade and well
into the next century due to the
continuing growth of the service
sector, increased market special-
ization, the rapid emergence of
home-based businesses, the pre-
dominance of two-income fami-
lies and the aging of the
population. Many experts believe
that the current trend for large

organizations to streamline opera-
tions will also continue, thereby
creating more opportunities for
small business entrepreneurs. To
sustain the rapid growth of the
small business sector, the Min-
istry of Development, Trade and
Tourism has created a number of
programs and services in partner-
ship with other agencies.

Business Info Centres (BICs),

$1,757,000 in current dollars over

‘ that period.

your pension if you are leaving
an employer,” said Chalmers, “If

David Chal a retii

you the value of your.

income specialist with The
Rogers Group, has developed a

pension, you can then decide
whether you could do better'on
your own.”

“The value of a pension can be
major family asset to consider if
there is a marriage breakdown.
Or it can simply have a psycho-
logical value if you. feel deprived

‘Or if you are a man retiring at
65, the $3,000 monthly pension
plan with five-per-cent indexing
has a value today of $390,000;
with no indexing, its value drops
to $270,000.

Women, who have longer life
expectancies, will find their pen-
sions are worth more than those
of their male counterparts.

A 55-year-old woman, for

computer model to calculate pen-
sion values,

“Perhaps you are trying to
decide whether to join the pen-
sion plan at work or to, take out

the Business Success for Women
Conferences with the Federal
Business Developing Bank.
These conferences are held
throughout the year in communi-
ties around the province.

In addition, our 60 government
agent offices, as well as perform-

ing a variety of permit, licensing .

and collection functions also pro-

vide information about govern-,

ment programs and services.

Programs such as the Home- .

Bases Business (HBB) Program
designed to assist home-based
businesses to successfully start up
their business and market their
products and services.

The Program includes two
workshops — how to start a
home-based business and how to
market home-based products and
services, a resource guide, and a
Uniquely BC, logo to identify
quality HBB products produced
by qualified HBBs. Special Trade
Shows such as the Creative Arts
Show and the Pacific national
Exhibition are also held through-
out the year to support HBB in
general as well as specific sectors

in Chamb of C ce

as the or service indus-

throughout the province, provide
local actéss to information: on
government programs and ser-

‘ wies.”

Market Discovery is another
trade show sponsored by the

vices. Every BIC carries b
publications and has a trained
Officer to handle enquires on top-
ics such as establishing or
expanding a business.

Each BIC is also linked into a

Ministry. It provides a venue for
small - and medium-sized manu-
facturers to display their talent
and expertise and discover new

_ market opportunities selling to

the public sector at all levels of

province-wide ion
System which accesses informa-
tion from all BC chambers as
well as the British Columbia
Business Network (BCBN) an
electronic data base listing feder-
al and provincial government ten-
ders, international marketing and
investment opportunities and
small business financial Profiles.
A

g

The Ministry sponsors other
workshops too, on general sub-
ject such as Small Business
Development and Building Your
Own Business or specific indus-
tries. These are held in

your
ship meant you | couldn't put much
into an RRSP over the years.”

If the same 55-year-old man
retires today with a straight, non-
indexed $3,000 monthly pension,
it has a “replacement value” of
only $320,000.

like small

Business Opportunities at Your
Doorstep seminars are also spon-
sored in selected communities
around the province. These con-

ple, who retires today with a
$3,000 monthly pension indexed
at five per cent has a pension
worth $560,000 (compared with
$500,000 for the man). Without
indexing, the pension is worth
$340,000 (vs. $320,000).

Chalmers based the figures in

business

ferences focus on identifying
business opportunities in local
See BUSINESS

ties around the province to help
entrepreneurs and would-be
entrepreneurs explore start-up or

5
provides information and support
for women in

plans, conduct annual
reviews of their businesses and

such initiatives as co-sponsoring

») their b
ie.

B.C.Tel Sinaayee Roy’ ‘Harris was busy stringing fibre
optic cable-between Castlegar and Trail last week.
The fibre optic cable replaces the previously used
copper cable, allowing for advanced communication.

SUN STAFF PHOTO / Sharlene Imhott

Support the businesses who support The Castlegar Sun |

his computer model on a long-
term interest rate of 10 per cent a
year. And his calculations
assume a pension with no sur-
vivor benefit.

If interest rates are less than
the 10 per cent Chalmers used in
these calculations, it will take
more moncy to produce the same,

pension. If rates are more than ‘

10 per cent, the pension will have
a lower value.

Chalmers’ figures not only
point out the value of a pension
plan but also dramatize just how
much you need to do on your
own to provide for your retire-
ment if you don't have (or belong
to) a pension plan. Relying only
on the Canada Pension Plan and
Old Age Security pensions will
result in a very lean retirement.

So if you don’t belong to a
pension plan (although if you are
in a high tax bracket and espe-
cially if you own your business,
check out the new individual pen-
sion plans), you should:

maximum RRSP contri-
butions. Some people are skepti-
cal of the registered retirement
savings plan program. They
expect higher tax brackets in the
future, as Ottawa struggles to pay
down its debts. And they worry
about more restrictions on RRSP
withdrawals. Those are valid
concems, but unless you have a
better approach (see the following
item), use RRSPs to maximize tax
savings now and tax-free growth
of your investments.

Develop a non-RRSP invest-
ment program in (typically) the

stock market, real estate and/or a
business, With hard work, sharp, .
skills, careful tax planning and’”
some lucky breaks, you could’end”
up with more capital than follo
ing the RRSP route. Of course,

RRSP and non-RRSP investmént

Plan to work until you dic}.
Probably in a part-time capacity!
after you retire. That can be'g!
viable alternative - as long
your spirits and health (and t
job market) co-operate,

Finally, if you are 65 and har
No private pension income, bk.
sure to use RRSP or non-RRSP:
funds to create at least $1,000: ey
year of income that qualifies fg!
the $1,000 pension income:
amount (CCP and OAS do
qualify) so you can claim t
resulting credit and save abo
$270 tax a year.

Who assisted
the residents
of Tulip Creek
with access
problems?

Walter Siemens:'

SPONSORED BY YOUNG. ‘SOCREDS-? |

SIEMENS, Walter A. 4 X

CASTLEGAR P

That's ashame.

* “Inarapidly changing world, if youdonothavesome
advanced education, youare likely tobeleft withouta
job. You will alsoearn less thanotherswhohavesome | -
advanced education. In short, you will lose out. ;

And British Columbians have lost out in the last:
“decade. ‘Even. with the Access ‘For All Initiative,
thousands of qualified students are.being turned
away from our sures ue yet, BC. ranks

Today’s education, |
Tomorrow’s opportunities

This year in British Columbia, thousands of quali-
fied people will not attend a college, institute or
Pha ae Many will not attend because thereisno _
‘More room in our institutions or because they si sim-
ply cannot afford to go.

eighth out of the ten provinces for the participa-
- tion of young people in advanced education.
Not only is there a crisis in access to advanced
», education, but quality is suffering because govern-
* + ment will not properly fund advanced education
programs. While overall government spending
above the rate of inflation increased significantly
during-the 1980s, spending on advanced education
was slashed. For example, between 1982/83 and
1990/91 our colleges and institutes received an af-
ter inflation increase in operating funding of only
2%, arid with this, they were educating almost 30%
‘: more students, It's time for our government to tru-

To Castlegar's
Volunteers

Cas, & District Heritage Society

The Castlegar Sun, Tulips Floral & Gifts, Hi Arrow
Motor Inn and Woodland Park Shell would like to honor
the thousands of hours our Castlegar Volunteers donate to

various activities.

Some volunteers donate as much or more time than a full-

time job.

These volunteers deserve a special “Thank you."

For their selfless service, we will present to one volunteer
each week, a handsome wall plaque from Woodland Park
Shell (engraving by Kats Trophy), a floral arrangement...
from Tulips Floral & Gifts and lunch for 2 sae the Hi

Arrow Motor Inn.

If you have a recommendation as to whiari should Teceive™
this award, please call us at the “O Sun, 365-5266.

SUZ
Wiica C7 atte ae WooBLAND