lortgage redu 1 ersonal choice during diffi cult fi peng times tlegar Sun WEDNESDAY, February 23, 1994 executive with Inc., said im an boomers, for example, gages down to the point where they are choosing between fur- ther debt reduction or an RRSP contribution. “Initially, when their mort- large, raged eee before the aren't hard to do—once you know how. First, don"t wait until the last minute to make your annual RRSP as most peo- ple do. Even putting some money into your plan in advance can have major payoffs. for two People who lire more than’30 years away from retirement might be better off to make RRSP butions ers se are le tO save coger that money against the mortgage and sudden- ly find yourself out of work, you might have a hard time convinc- |. to provide a cash reserve. Port unless you can see one. is clearly better in your. that money against Ideally, have less income tax tetum. Then wees You ONGRATULATIONS __ KOOTENAY WOOD PRESERVERS LTD. (Brisco Division) on your recent expansion to your mill. Pe ett tty « Phone: (604) 359-7654 Fax: (604) 359-7551 almost $20,000 more inside his plan, thanks to the effect of com- pounding. As well, you may be able to take advantage of spousal plans. Under such plans, spouses can contribute to each others RRSPs. By income splitting with your *“You'll also have the money you've built up in the RRSP to draw on if Mike Grenby is a Vancouver- based col Hal Png in Case an Trl ‘Trail announced that they've lowered yriche, Cnt es seneans fa Boks new Hah Speed Sevin 7300 Copier. Cesk ot he ra dels cain he charge aay te venaen fh so wp thbedt eye who has — his or her Glas cements sata Cease tomer piace v9 and work, please contact Bob MacBain of the Kiwanis Club. Deadline for entries is March 16. Shrine Circus ‘The bi-annual Shrine circus will be coming to Castlegar in May and Hi Arrow Shrine Club members have already started their telephone calls for local area businesses to buy tickets. Spifting up The Hi Arrow Motor Inn is continuing their renovations and has a new marbleized front desk counter in their lobby. As well, effective March 1 new owners of the restaurant will be arriving from Sum- merland where they had a Chinese restaurant there. New faces, new places Vanessa Lunn is the new physi in the Mid-town Plaza. Welcome Vanessa! at Valhalla Physi Same faces, new names , the only local courier company with same day deliv- ery service to Castlegar, Nelson and Trail has been purchased by Ace Courier. Ace is BC owned and operated with a network system that covers Western Canada and access to the rest of Canada. Their mew manager is Mark Zeran. allows - write to hith clo The * amica ec spouse, you may drop into a lower tax bracket. As well, when you retire, you'll have two streams of income—and you will pay less tax in total on both of them if it was all from one RRSP. At times, you-may want to remove money from your If your job income drops, for instance, you will likely be able to remove income at a tax rate than it would have been ini- tially taxed at. As a dependent on your spouse’s tax form, you can withdrawal Le money without paying sy As well, pal the new RRSP rules, you cafi carry forward asl contains Capen or See arene Castlegar has a new entrance into their restenrant. The batts oneaa hon beta replaced by whitewashed oak panelling which creates a sense of spaciousness and cleanliness. This, along with the new windows and some other changes owner Paul Tangas has in mind, should keep Anthony's Pizza a busy restaurant in the downtown core. New in town Gaitca died at «en betwen Ect eae leased out from L Juhl to apemting Kootenay Nerana and Golt and spactatioes in vacuum repairs and accessories as well as repairing, regripping and making golf clubs. Welcome Jerry! Changing names Kathy Verigin of Typestyler Desktop Publishing and Design has changed the name of her business to Kathy Verigin Design. Phone and address remain the same. Now available POW WG Lae IO etre Avid paper readers will ap the fact that The Globe and Mail is now available at Canada Safeway in Castlegar. Copies are limited and arrive about noon. Artique auction The National Exhibition Centre and the Kootenay Region of the Canadian Red Cross Society are joining forces to create an evening of FUN ng of art and ques on March 26, 1994. Humorist/poet ‘Bill Richardson of CBC radio will be the master of ceremonies. Tickets are available from the NEC or the Canadian Red Cross Society in Castlegar. ( The Castlegar Sun Closed for business to Americans It’s time for a 24-hour border crossing. at Paterson Why do the Kootenays remain closed for- business? Despite the fact even the smallest of businesses can aquire the technology to do business around the world—and is, politi- cians and bureacrats have done a good job at keeping people, and business, out of the Kootenays. Although airlines will claim more than 90 per ‘cent of flights arrive at Castlegar, we've all Sun Editor Castlegar City Council has been asked by the Interiot Lumber Manufacturers’ Association to pay In just two years, Anne Troelsen has been given three new job titles for her business card, $2.5 million for her budget and 28 sur- goons for oe salt ean, Beg 08g We Bs GHT RRSP DEcIsION Fopay’s Econoy TH FOR ‘The problem is knowing when assets should be moved from one kind of investment to another. AGF Asset Allocation can provide the answers. Based on 20 years of. data, the Asset Allocation computer program determines how much of Re eee ern or bones ot 20y given tine. ‘The advantage of AGF Asset Allocation eedeiaed eee ae abet Conedion, ing the risk to retii savings. For more information, give us a call, or return the . they’re finding Tot of it. caetiae: Sacohing dia heat ene ah ® : As everywhere are secing their Smart managers today are managing conflict as well as staff who's in charge of the Operating room, designed for that field, but they.’re broad enough that they've drawn managers from other dreas, says instructor Sherry Campbell. Held over two weekends, each of the skills at the B.C. Institute of Technology. Introduced last year, the sessions have courses packs in the information, starting with theory but quickly moving into Prac- tical hand: and ¢ under the gun to do more with limited resources, and that spells friction—often a Don’t avoid it, deal with it, says Troelsen, been over almost double anticipated capacity. with organizers adding more classes. Offered as part of BCIT’s part-time heatth care manage- ment program, the hands-on courses were New courses begin April 29 for Conflict Management and May 6 for Counselling Skills. For more information, call 439- 4100. Outside Vancouver call toll-free 1- 800-663-6542. YT 10.7% 25.6% 15.3% 14.8% N/A Average Aremaal Compound Rate of Return for Period Ending Dectmtber 31, 1993 R. Davies & Associates Ltd. (FPC Investments Inc.) 1418 Columbia Ave., Castlegar V1N 3K3 © 365-0040 annual anager in Of alt distribyri~ns. Rerum do net reflect tales, redemption “+ optional charge: payable D- decere Metres Past periormance is not mecerorily inlicative of furure vesutts. Uh ond mvcument reir will fhictuate. RBC Dominion Securities Is Proud To Offer West Kootenay Investors A Convenient Way To Secure Advice From Canada's Leading Investment Dealer. Announcing The ice RBC Dominion Securities RBC Dominion Securities is very proud to announce to the residents of the West Kootenays that we have office On Baker Street in Nelson. We have opened this new office because we and firmly b in the jal of the di Caner ten, all ws Rine, by eputeg: as memranees ney Office, to show West K, meed for prof that we are resp . Py dvi: to your For more information on how RBC Dominion Securities can best serve your . investment needs, please call our Nelson Branch at 352-2749. RBC DOMINION SECURITIES, 405 Baker Street, Nelson, B.C. V1L 4H7 experienced the dreaded “Pen- ticton re-routing” due to incli- mate weather. Winter in the West Kootenay means our road from the cast is often blocked for several hours due to avalanches on the Salmo/Creston highway. Wait- ing hours, to sail on the ferry for only one hour, is also a night- mare for truckers and other trav- ellers. The three or four passes that separate the. West Kootenay from the Okanagan scare off many who want to venture here from that direction. From the north, even fewer folks want to visit us by travel- ling down from Revelstoke and across the Arrow Lakes by ferry even though the ferry hours are longer than the border hours. For our neighbors to the south, (of whom there are more than 350,000 within a three- drive from Castlegar) well, we make it even more impossi- ble for them to visit us, "We close the border at midnite and open it again at 8 a.m., In the past, this insulation, protection and isolation from the outside world has allowed the Kootenays to develop at a slow pace and remain the “poor cousin” to some other, more prosperous valleys. | am certain there are still people who want it kept that way. Well, times are changing. In 1994, the world is a global com- munity, linked 24-hours-a-day to people, business and politi- Cians across all time zones. And it’s time the residents, business people and local politi- cians in the West Kootenay region rebelled against the feder- al politicians and bureaucrats who, by locking Paterson border crossing at midnite, persist in keeping alive the myth that the Kootenays are a “poor cousin” to the rest of the country and world. A few years ago the Kootenay Country Tourist Association started a concerted effort to attract more visitors. Recogniz- ing that the Spokane market held the bulk of our visitors and potential visitors, they set about to lure them to Kootenay Coun- try. As an enticement, they called us “B.C.’s best kept secret”. We all know what happens to secrets once they are told - every- one wants to see it, And so the American visitors came. The only problem was we couldn't keep them past 10 p.m. because they didn't want to risk a ticket for speeding to arrive at the border before midnite, and they certainly didn't want to sleep in their cars until 8 a.m. the next day. To add insult to injury, we wouldn't let them come in to the Kootenays before 8 a.m.! In effect, Kootenay Country was inaccessible to them at least 10 hours a day 7 days a week, 52 ~ weeks a year. So why are we spending mil- lions of dollars marketing Kootenay Country as a destina- tion and then lineups and delays that pranslete, into higher prices. Once the border opens, truck~| | ers, hauling our goods, wait patiently in line, sometimes up to 30 minutes, before handing in their paperwork and getting on their way. Businesses in the US wanting to transport products north find the “closed” sign at the end of their road, just as annoying. If we keep telling politicians ever changing economy, spending money seems to be more prevalent than saving money, Castlegar Savin sosent ‘want you to lose sight of what's coalty impor sat, that's vour future. Especially your retirement T Thar why you should have Be sat money start working for yon now, with a Registered Retirement Savings Plan. Come and visit with one of our professionals and they'll help to work out an RRSP that's just right for your budg:. and bureaucrats that we want less government interference in our day to day lives, why are we allowing them to interfere with our ability to do business and attract much needed tourism Maybe we can't control the weather and witt have-to tol- erate the road closures and “Penticton re-routing” a while longer. We can, however, con- trol our ability to move goods and oe wocnle from the US into ‘anada and vice versa, The government can pot contin- ue to’ deny Kootenay people and businesses the economic opportu- nies ald toe we Grell affordable elegance for the tourists’ ability to enter or leave? Visitors aren’t the only ones suffering. As small businesses grow in the Kootenays and start looking at the US market to sell their products, they find restricted border hours cause City asked to carefully consider AAC SHARLENE IMHOFF d column by Province writ- er Brian Kieran, states that Premier Mike Harcourt and the ‘ultra-greens’ in his cabinet have made it clear that ig AACs isa ic ele- ment in the NDP" closer to what the to the In a letter received by council last week, John Marritt, president of the Interior Lumber Manufac- turers’ Association indicates the NDP’s current reviews to lower the Allowable Annual Cut will have dramatic effects on those communities depen- " dent onthe logging industry. Marritt also submitted to council what he believes is an apt analysis of why the government is reducing the amount of timber allowed to be = RRSP move- focal point in the timber: harvested. The Continued from 4B use in later years. Of course, you should keep in mind that if you remove money or defer pay- reduce do to make better use of your RRSPs that depend on your indi- vidual circumstances. instance, you might wish to put your home mortgage into a self- directed RRSP, your own mort- gage is generally a safe i with a high ret and you will be paying yourself the interest’ ——~—S In some cases it makes sense to borrow money to put into your RRSP. The earnings on your investment and tax refund can cover the repayment of the loan, depending op your tax rate and To see how you can benefit from innovative uses of your RRSP, it's wise to discuss them with an i An RRSP is a financial tool that can be used in many different ways to your advantage. How well you use it will determine how far it will take you in the future. Blue Chip Thinking is a trade- mark of Midland Walwyn Capital Inc.. The information in this report is obtained from sources believed to be reliable, but we cannot represent that it is accu- rate or complete. 's political campaign to convince inside and outside the province that B.C. is not Brazil of the North. The article’s community of Williams Lake, a it community that could see a reduc- tion in its AAC of 10 per cent, translating into between 300 and 500 lost jobs. In sending the article and the letter, Marritt requests that Castlegar City Council pay attention to its upcoming AAC reduction, and be prepared to action because of it. . »wGity. Gouneil received the letter fog information, and is taking a/vait and see approach. able ghout the rest of the southern portion of the It’s time to retyele the “closed” sign at the Paterson border crossing. We are not “poor cousins”, we deserve better. 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