Sy»,

ar News november 30, 1983

Feds eye new
tax shelter |

By ANDRE PREFONTAINE
TORONTO (CP) —It’s unlikely that investors.will be
able to take advantage this year of a Healy attractive tax,
shelter designed to finance
because legislation creating it hasn't feos enacted yet,
says Don Bean, president of Wood Gundy Ltd.
In a bill introduced Oct. 25, Finance Minister Mare

Lalonde outlined the new program, which gives a tax }

credit of 60 per cent of the amount invested in a company.
involved in research and development.
Companies may transfer the tax credit to individual
investors ra share issues, bende, debentures, notes,
royalty sch
vehicle ‘they find appealing. Or they can retain the right
to apply all or part of the credit to their own taxes.
Corporate investors will be able to apply the
50-per-cent credit against basic federal tax.

Individual investors will receive a tax credit of 34 per
cent. But, because the credit will reduce the amount of
payable provincial income tax, the combined federal-
provincial tax credit will approximate 50 per cent. Under

income tax is

calculated from the amount

The new tax shelter will Prove particularly appealing
that

to h and

of federal inenme tax paid.

have little or no revenue and therefore pay no taxes, but
offering them a new avenue to raise cash.
Funds obtained by corporations under the program

will not have to be linked to

applied to their research and development budget.
STILL ON HOLD ‘
Since the legislation is still in draft form, Bean sees
little chance of companies offering shares or other

investment possibilities tha‘
taxation year.

“It would be very difficult to ask someone to invest
on information contained in a law that has not even been

passed yet.”

But, Bean said, many companies are getting ready to

| move as soon as the law is approved. ~-
“The forms are not ready yet,” said Debbie Solomon,
of the accounting firm of Clarkson Seen although some

a specific project but can be

t would qualify for the 1983

private pl: PP

It will be up to the different companies to come up |
with formulas that will prove attractive fo the investor,

ahe said.

A spokesman for Coopers and Lybrand said many
companies and investors are waiting for their accoun-

tants and lawyers “to lead
Steve Stay, marketing

Stodgell Cochrane Ltd. said very few companies are
familiar with the new program.
.. “You will see many companies going up to Ottawa
with their accountants and their lawyers fo. get answers.
to their questions,” Bean said.

the way.”
vice-president at Walwyn

Unemployment

destroyi

TORONTO (CP) — Un-
employment is destroying
the lives of more than two
million Canadians and hun-
dreds of thousands are suf-
fering from depression, an-
xiety and mental illness sim-
ply because they are out of
work, says the Canadian
Mental Health Association.

Ina report to be submitted
to, the Macdonald royal com-
mission on the economy, the
association says child abuse,
suicide, alcoholism, disease,
divorce and crime are soaring
asa result of unemployment.

“Unemployment is more
than a problem of econ-
omics,” the report says. “Re-

i

.
Cominco
declares

ee
dividends
VANCOUVER — Cominco
Ltd. has declared a quarterly.
dividend of 10 cents per
shares on the paid-up com-
mon stock of the corporation
payable on Dec.: 20 to share-
holders of record at the close
of business on Dee. 1.
A dividend of 81.25 cents
per share was declared on ths
A dividend of 81.25 cents
per share was declared on
the $3.25 Cumulative Re-
deemable Preferred Shares

Series D of the Corporation

payable on Jan. 1, 1984 to

shareholders of record at the

close of business on Dec. 12.

e

ng lives
gardless of the theory that
one uses to explain the ex-
istence of unemployment, it
is obvious that it takes its toll
in ways that go beyond the
loss of a paycheque.”

“(It) chills the soul and
drowns the body.”

The association said Can-
ada’s real unemployment
rate is over 19 per cent and:
costs the country an average
of $50 billion a yoar.

Statistics Canada said 11.1
per cent of the labor force
was out of work in October.:

The report criticized the
government, business,
unions and mental health
workers for not doing enough
for people without work.

“We have to change some
very fundamental beliefs that
are proving ineffective and
downright ‘ destructive,” it
said. “We cannot continue to
blame the jobless for their
joblessness; we cannot -con-
tinue to accept the notion
that unemployment is a nec-
essary evil and we ‘cannot
continue to develop strat-
egies that barely’scratch ‘the
surface of an issue so deep
and dangerous.”

The reports recommenda-
tions include extending and
increasing unemployment in-
surance payments and wel-
fare benefits for the poor; a
layoff rotation ‘system in
which unemployed and em-
ployed workers share the
burden of unemployment and
the job by alternating, and
improvement and extension
of the government's job cre-
ation and training programs,

» By LOUISE coox
Associated

The Press
Beaty now, but you probably don’t know how, much
you pay for much of what you buy.
“You may know the nunibers 0 on she, price tag, but what
about ‘the oft often-hidden' costs?

Take the now-you-see-jt, \now-you-don't,” price. ine
of candy ‘bars took refuge. in this

crease. Man
tattic several, years-ago when chocolate and sugar prices
surged. They didn’t raisé their prices — the nickel candy-bar
was a distant memory and they didn't want to seem
to be contributing: to inflation. They simply. made the bars

smaller.

Some people: noticed; many didn't — or, simply didn't.
care. Some bars grew again when’the prices. of gugar, ang -

cocoa dropped, but' that’s relatively rare in the world of the
shrinking product,

Paper goods shrinkage is even more subtle. Fewer
tissues in a box; smaller sheets on a roll‘of Paper towels;

Here's a hypothetical example: Sup
facturer trims one centimetre from a sheet that had been 20
centimetres long. That’s a size cut of about five per-cent. It is
also —assuming the price stays the same — a price increase
of about five per cent.

the ‘manu. -

yap oes it cost ai

‘ cents in Canada, rey

write a cheque; assume it's: 15 ce:
‘After '10'months, you may,

and cheque fees that, have to be added to the cost of your
hase - = 8 cost that: might have been ‘saved by paying

the*“I. didn't-read: -the-fine-print” price in-,

al
crease? How complete isthe item You're considering buying
Does it need | batteries? How many? How long will they last?

‘And. how much dq: ithey. cost to.replace? Can you substitute:

‘an adapter for batteries and is one included? If not, how
iso. you need a! special kind or will any

If you're ‘buying something for’ sémeone \elso\— par-
ticularly a ebild - make sure the present will look and act

Include postage and handling charges on mail-order buying:

+ and find out if you can save nioney by ‘getting several ms,
“1s at once from the same (outlet.
See Tie $4.70:in haope i

On to the “Am-I-; -pdying for-eomething-I-won'
don’t want?" increase, You
One appears twice as thick,

to be a bargain; Read the label and you'll find the Jarger box’ A:
holds 25 fewer tissues, ‘The: tissues are folded differently, .

but don't use? Card

‘and each one takes up more. space,
‘How about credit you’ pay ‘

issuers charge retailers a fee; the retailérs pass on the fee to

customers — all customers, It iis illegal to'add a’ surcharge to

a credit card ‘sale. It is not’ illegal'to’ give a discount to.
- someone who pays cash. Ifyou don't want to use credit, ask’:

about a discount. You have nothing to lose — except another
bidder) price increase. .

On Dasher. ..On Dancer. . .On bargains and savings!
This Thursday is Discovery Day at the Bay. And our halls are decked with |
incredible savings. And: unde buys. On-sporting goods, fashions,
home furnishings and even stocking stuffers.
So, be sure to guide your sleigh our way this Thursday for Discovery. Day savings! .

“THURSDAY ONLY AT ALL BAY STORES.
PERSONAL ‘SHOPPING ONLY, PLEASE.

CORRE

Under the heading

‘“ price.

| Su

FLYER

Week of Nov. 29 - Dec. 3°

om note that only the dishcloths are on sale

We are sorry for any inconvenience this may
st

CTION

of “e Price Sale...

perValu

CHRISTMAS HOURS
Effective December 5-23, 1983
Monday to Friday 9:30 a.m. to.9:00 p.m.
Saturday 9:30 a.m. to 5:30 p.m.

D

a

Fudsons Bay Company

ur competitors’ prices!

365-7025 |

NEW MICHELIN: show:
Tales Pdieleica 15" Chrysler hosts:

ee EM. 120

for
pointment. THE MUSIC DEN, For
on-site demo anywhere ip B.C.

Y 200% more

ce, $10 post-
nical Gectunees, Boxart
cing, B.C. VOM RO. is

Christmas Special:
300 Gummed Address
Labels $2.95

Molt with order to: Demalon
Pert i Station A, Survey, B.C.

SEALY Posturepedic doubl

like “een sturdy maple | bunk
beds, excallent Condition. Boys
3-spd bike. 8-drawer dresser.
Sa

RICH im comera plus 3 len-
ses Spa tl flesh. Great Xmos gift.
365-71 S95

OLD! = Lge Toro ‘snowblower.
Brag sietton, smotdr, $100:

ci. 965-251

1983. 10-H.P.
snowblower, like new..
TENO! attend romahs: eas eae

SKIS, mi
Askin aking 3160, vencellont cond:

LDREN'S, TOYS Soes 2 = a ~
jer

Crib an

40 came!

}. Miscellaneous

it lems. 365-6019. 3/96
one PAIR FISHER eklis (Blazer) 1-
70,360 yale | bind ona ski
3796

p.m, Ask for Ba:

paid y

96 AMANA MICROWAVE, Needs

some repairs. OBO. 365-
8192. 3/96

NARROW GUAGE model train
foot wer ‘engines, .15 cors,

POOt TABLE snooker balls. $150,
365-6802. 3/96

CANADIANA.
365-6695,
3/96

RENT

THIS -

SPACE

365-5210

301GALL fe hot ee

ON
tank shower ial, i eer #
j Seratae

CHILDRENS: TONS ZAND. ‘AND FUR-
TURE. Chests of

ee 24” round. wicker. jable,
eae ee

ire 365-7379.

$4.39 ko. 319°

TOASTED

CORN NUTS
$4.17 t.6°1.89
GELATIN “
TEDDY BEARS
$8.71 kg. 3.99
coconut :
GRANOLA

$2.19kg.b, 99°

i TROPHIC
! STRESS TABS
, 25% OFF

PLUS MANY
IN-STORE
SPECIALS!

Mother

November 30, 1983

© Parts
© Service 6

SNOW TRAILS )
Satin ace Coens

by Lynn Johnston

MICHAEL, IS YOUR
SUITCASE INTHE.
CAR? —
WHERE'S.
UZweE?

SHE'S COMING -SHE | |
WAS DUST SAYING
GOODBYE TO

ISN'T NAGGING.

'M SURPRISED SHE .
ime)

ee ee
OLD wood stove, $150. Cea

ike new, used 8
3281

@ New & Used
Furniture
© Household Items

KRAMER ER AUCT CTIONS

“BRENTWOOD. fridge ‘and im j
W nthe. 965-

RADIO PHONO: old beautiful
wood, o| honograph with
records. ie pee jes (cherry

}, Ook di room sulte,
batt pci Table, one leat, 4

ot eo eking ery
stewart Warmer, rod Tadio, working

st
condition
for double bed, Tench provincial
sheaterield ch ir, loveseat and

ae cower,
traditional four. ¢l Y

airs, lor

ut;
ratiniing. ‘Todie's wear,

Run your

FRESH Creston apples. Al varie.
fles. Eh. cn See 120563

Cosi aNd
SeereTiEe duplicating
machine, 365-3223 tn/

Aum OST NEW. jocorn Tire, os.
Qranay-red with pipe, $225. 265.

Unique locally
mode ° gifts

The Craft | Connection
Cheb o-piths Hat, Maino

(NEW FEVER DETECTOR. Children
& Mom love the new Fever
Detector, i's the easy way to
aty to feos, fost

responses un-
reakable. Hosp ital teried, ac-
curate within ‘4 degree. Send
us 5e pee to:

NEED Christmas present idea
a ki Produ

‘GOOD used 30” range. CAE
CAPTAINS BED. mattress, book-

case, and 3.drawers excellent
condiiion: $150" 308: 965-5693 atter
p.m. 3/94

classified word ad
twice at regular
price and get the
third insertion
at

NO EXTRA
CHARGE
lions for Price of 4

YL
CONDITIONING
SERVICE

© Cleaning ® Conditioning
© Preventative maintenance
for vinyl articl

MOSKE UNIT
SPECTRUM
VINYL REPAIR
365-8336

ik Keone rte Id dred
a a ce gold dr ndge.

9" Zenith Color TV, good con.
dition. 365-5861 atter'Sip.m. 3/95”
NEW red and gold tiffany fixture,
e boxspring:

Mon. - Sat.9-5

STOCK UP your freezer. Sides

ANTIGUE, dark Sk sideboard
with led mirror. Good con.
rk, pe 365-6035

dition, $375 O8O 395

‘TV REPAIRS: Service
ellsmakes of TV's. We moke

G ic Re “zing “( calls. Reasonable rates.
patch ee iat

9
tin/91

USED GUNS bought ond sold.
or trade. Wise's Hardware.
‘Rossland. 112.362.5171 Hn 9S

XLE C/W wheels, df
Olly rater, $59.365-Oee or

YOUNG BUDGIE — $10. Bag of
gusorted clothing oe si0, m2

4 boxes Delicious apples= ~ 7
each, 365-7521 2/95

Immaculate South Cast! tlegar home with iraq
ayy lot. Now priced for Immediate ace

' to. Peri at eronly $99'000

TRAIL, B.C. |

ercd

$500

*49,000!!
Would you believe that you can have
this house built for $49,000 on your lot!

Price ii

AND

We have.a good selection of lots to
choose from.

private ivi
Bisotving partnership, Priced
at only $49,000.

jones

182 Acres
tside the Castlegar city
Mi Hints Exalisn! holding. ene

we iol eros”
Ly acres of beaut! Halicountry

living at its best. Gi

with trees and water. Out of

ad owner must sell and has
rastically reduced his price.

Now only $17,000.

"ASS CREEK
Reduced” from $18,900 to
$14,900."% acre sloping lot
with south exposure.

TAMERLANE
SUBDIVISION
Your choice of 5 level, treed

lots to build that dream home.
Prices will never be lower!

NORTH CASTLEGAR
Trailer lot, $15,500.

10th Ave. South. Level lot,
close to school.

South Castlegar. Large lot,
Ret to pool and school.

'KRESTOVA

3.58 acres, $17,000.
PASS CREEK
2 acres, $17,000.

Sacres; sachet

Commercial high hi front
tor aatoe o a ath

Fes acres reduced $20,000.

R-1 in a prime South
Cestlegar location. Buy now at
this ‘giveawa: price and
develop later. $hs.d00

CUTE LITTLE 2 BORM STARTER HOME
features a nice Tireplocer, separate

OFFICE HOURS
Mon. through Fri.
9a.m. -6 p.m.
Saturday
9a.m.-5p.m.

to
Eevee: Priced in the low 308. “Good

SONOMY PACK:
‘ond
Ashi

DOWNTOWN LOCATION. ideo!

Taste of country living. Build
Kewp home on this large lot in
laspberry. It's also Suitable
for.a mobile home. ‘Pri

PICTURESQUE COUNTRY HOAAE in Rob-
son. Tastetull secerased wit =n, rich.
looking cedar. edema, tomily

TYMOFIEVICH
366-2280

Offers fon-

wh te valley ore
oem faery ‘3 bdrm

PRICED TO SEiL. Featuring central ole
Seeipalg. rock replace ‘ond tell,

BEAUTIFUL 4-LEVEL SPLIT HOME Ino
quiet subdivision with panoramic view
of the river and volley. Well priced.

ers.

MOBILE HOMES

We have a good selection of mobile homes
from South Slocan to Genelle. Let us know your
uirements, we can fill the bill. Call the Best-

OPEN HOUSES

VOYKIN SUBDIVISION

FANTASTIC RIVER VIEWI! 3 bedrooms,
full besement, convenient to both
Nelson ond Costioger. “Reduced to sell.”

Your Host

WAYNE McCARTHY
DROP BY AND VIEW THESE HOMES WITH WAYNE McCARTHY.

Saturday, December 3 — 11 a.m. to 3 p.m.
WATCH FOR THE SIGNS!

WALTER’ FLORENCE
(SALIKEN) RYAN
399-4425