Page 4B Club tourney hot stuff Local team triumphs in 17-team tourney Sun Sports Things were just smoking at the Selkirk College Invitational Volleyball Tournament—espe- “cially the ball. With 17 teams and over 200 people, the club volleyball event needed extra space to fit in all the games. Both the Selkirk Col- lege and Stanley Humphries gymnasiums were put to use during the event which attracted top grade teams from Alberta Washington and_ British Columbia. The event also had many financial benefits for gar. “It was a good thing for the whole community, over 200 peo- ple stayed in our hotels and ate in our restaurants,” said event organizer Mike Perra. Other benefits for Perra came On a personal level as the team he plays on, the Showboats took top spot on the men’s side of the IMAGES BEAUTY SALON “(fe Call now for an Say tment i =i Watch for Grend Opening 4 Spectats tourney winning a high-tension come-from-behind win in the final game “It was a perfect weekend,” Perra said with in the annual event at the col lege The women's side of the tour. ney was won by the Spokane team who the c ion of his team win- ning the tourney and the perfor- mance of the Selkirk College varsity men's team in their two solid wins. The Show- boats were behind 13-11 to team Dolphin, ‘It was a good thing for the whole com munity, over 200 people stayed in our hotels and ate in our restaurants — MIKE PERRA Tourney organizer downed the Eastern Wash- ington Universi ty team. Looking ahead to the next two years of the tourney Perra’ would like to see the event expand to 24 teams, 12 men’s and 12 from Spokane in the third and deciding game of the final. From there they tied the match and each tcam exchanged points to sit at a 14- 14 deadlock. Dolphin tried to use time-outs to collect them- selves in hopes to pull out a win and the tourney victory, unfortunately for Dolphin, the Castlegar based Showboat team exploded back and took the game, and the title with two consecutive points. In total, nine men’s teams and eight women's teams took part women's squads. “Next year I would like to see more teams, but this year it was an overall success.” Selkirk College's Women’s team also took part in the event and finished in seventh place just behind the team from Cari- boo College to whom they lost to in earlier varsity action. Coach Ben Spiller said his team was tired after the long weekend of action which had the team playing six separate matches throughout the weekend. _ The Castlegar Sun Wednesday, November 17, 1993 BUSINESS he CastlegarcSun WEDNESD., November 17, 1993 5B John Door, left and Theo Frim! from team Dolphin of Spokane both make the move for a ball during Sunday’s final in which they lost to the Castlegar based Showboat team. It took three games to decide the winner in the best of three an went to a 16-14 final score. id the final game SUN SPORTS PHOTO / John Van Putten Turn to The Sun to fill your needs VOT BEV MALOFF Nov. 20th ~ STUDENTS FIRST AND FOREMOST To All the Former Members and Friends... SPECIAL HOMECOMING DAY Trail Seventh-Day Adventist Church 1471 Columbia Ave., Trail Sabbath, November 20, 1993 ¢ Sabbath School * Worship Service 9:15 a.m. 11:00 a.m. ¢ Fellowship Dinner to Follow ~— EVERYONE WELCOME OS pe Castlegar Bantam Rep goalie David Evdokimoff reaches out for the | TraiV/Rossland Midget House team—Castlegar won 9-6. Other weekend action had Castlegar traveling to play against the Grand Forks Midget house squad on Saturday. They earned a 3-1win. loose puck during Sunday's game against the SUN SPORTS PHOTO / John Van Putten Thurs., Fri. 365-3752 never to amaze me. the alarm bell Py ion. Why can't they just tell us the truth? questi 1. If they are not going ahead with meters, valves, fittings and wiring for a water meter? 2. If it costs $1050.00 to make a water connection for a home $250.00 (which is essentially the same amount of work) on a landscaped lot? ELECT WALTER FLUX VOTE WALTER FLUX , why is Bylaw 570 being amended to make each new construct in town, how can they install a water meter for to be indirectly 50.00 and that Former Nelson teacher receives sentence STERLING NEWS SERVICE A Manitoba provincial court judge has sentenced a former Nelson school principal to twenty months in prison after he pleaded guilty last week to 12 counts of indecent assault. In handing down her sentence Friday Judge Linda Giesbrecht Portu CALL US TODAY! Weekly departures from Nov. 1993 to Mar. 1994 De! tights in the Algarve From only $13 * per person two sharing * Applies to departures Now 6 - Dec 4 and Dec 25 Mar 19 BCAA Travel Agency ean 596 Baker Street, Nelson 352-3535 Travel Hotline: 1-800-663-1956 * You'll have a ni Plus, we've added value to holiday—with Be “The BCAA 4 ed BCAA ifference”: <<) RR * You'll fly right to the Algarve 4 * A representative will meet taxi transfer to your hotel ares * A rental car will be delivered to your hotel the day after arrival ight in Amsterdam both ways to break up the journey * You'll receive a handy pocket guide—so you'll arrive informed! ae you on arrival and arrange 2721 Columbia Ave (next to IGA) 365-6450 a said she was satisfied Robert Teichroew, 43, was no longer a threat to society “He’s obviously rehabilitated himself,” said the judge citing Teichroew’s 20 years of crime free life after he molested schoolchildren while a teacher in the early ©70’s in Altona, Man The prosecution had asked for a lengthy prison sentence of four to six years. Teichroew had been principal for three years at St. Joseph's school in Nelson when he was arrested by police last November May common Dear Editor: In our recent Federal Election, the people of Canada spoke, most decisively, against the economic policy of the Conservative Gov- emment In the City of Castlegar, for some time now, the economic policy has been as bad or worse in proportion. The impact on our taxpayer has been most unfavorable. Over the years the present Mayor has been instrumental in the expendi- ture of millions of our tax dollars on some of her pet projects, pro- jects that made no economic sense. Not only were they a bad investment, but continue to be a heavy drain on our limited tax resources. 1. Our Industrial Park has siphoned off hundreds of thou- sand of our tax dollars. 2. A senseless destruction of a $100,000 existing library build- ing was a dreadful waste. The city is now paying thousands of dollars in rent for comparable floor space, which the mayor said we did not need. 3. The cost of construction and operation of the new library should have been shared with the Regional District, the same as the Pioneer Arena and the Recreation Centre. Our mayor loaded the total cost of construction and operation onto the Castlegar tax- payer, with no participation by sense prevail the Regional District 4. The location of the new Public Works yard is better situ ated to serve Blueberry and Genelle rather than Castlegar The extra travel time to and from North Castlegar and the Pulp Mill is a continuing cost, and a detriment to the service to those who pay for this service 5. We carry a bigger tax load in Castlegar than either Trail or Nelson. 6. Our Municipal dept is enor mous. 7. Our sewer system in both North and South Castlegar, through neglect of regular main- tenance, requires major interven- tion. 8. Making residents buy water meters is not the answer to our water shortage. 9. Our road system is falling apart. The critical report by Price Waterhouse confirmed what many of us knew for some time The mayor's direction of our economy ‘has brought our city to the brink of disaster. We need people on our City Council with business and administrative experience On November 20 we have choice. May common sense pre vail a N.T. Ogiow Glance Vote This Saturday at the Castlegar Recreation Centre six councillors. six school board trustees and one mayor will be elected. Make sure you vote! Midnite madness The Downtown Business Association is organizing a midnite mad. ness for Friday December 3. Look in next week's West Kootenay Advertise: for mivie details. Dine out Smitty's Restaurant at the Fireside Motor Inn is the third Castlegar restaurant to offer Sunday brunch. The other two are held at the Hi Arrow and the Sandman Inn. Trim time Award-winning stylist with 13 years experience, Joanne Oliver, is now offering in-home hair appointments. Her new business name is Shear Trix. Hot dog The hot dog vendor in downtown Castlegar is hdping to remain open all winter, Imagine enjoying a juicy, hot, hot dog on a cold winters day. Sign of the times Jason Markin of Sign Design Graphics reports that he has recently completed the signage «for High St. Place in Nelson. One of the unique features is that the sign is bolted into the rock cliff. Jason has also done the interior signage for both locations of Castlegar Savings Credit Union. New stop signs As part of downtown revitalization, the intersection of 11th Avenue and 3rd Street downtown (Tulip’s and the doctors’ office) now has four-way stop signs installed. Drivers are reminded that there is a four-way stop there Congratulations The Castlegar Chamber of Commerce is to be congratulated for hosting a very successful and well run political forum last Wednes- day night. Don’t forget to vote for councillor, mayor and school board trustee this Saturday. Building up The city of Castlegar reports that although the number of building permits issued in October is less than last year (19 this year as opposed to 53 last year) the total value has increased from $386,575 to $548,650. Major non-residential changes in October include renovations to the Pentecostal Church. Pedal power The workers at Pope and Talbot and Celgar Pulp Company have approached the City of Castlegs > and pedestrian lane on Arrow Lakes Drive between the new bridge and the mills The city has approved the request in principle pending final OK of the design Unique gifts The gift shop at the National Exhibition Centre is open and well stocked with an incredible variety of local and B.C. hand-crafted gifts. Each piece has been chosen for its quality and uniqueness. Check them out for that hard to find gift for that hard-to-buy-for person on your list! New in town Four new city of Castlegar business licenses were issued in Octo- ber, bringing the year's total to 552 which is up from 528 last year. Welcome: Brenda Terhune operating as Masquerade Magic. cos- tume rentals; Craig Gutwald, a chartered accountant, Pacific Home Video Realty selling realty videos; and Westex Construction from Kelowna a home repair/siding subcontractor. Light up Shersty Motors, on Columbia Avenue in Castlegar has installed new lights around the edge of their sales lot Mail it early Canada Post reminds you that deadlines for mailing parcels around the world, to arrive in time for Christmas, are fast approaching; in fact, some deadlines have past. Get those parcels and letters out soon! Phone 365-5579 with your business brief Getting tough work-shop The Fireside Inn in Castlegar is the location of a three-day work- shop for professionals who work with adolescents troubled by drug or alcohol dependencies. Dick Schaefer, a director of the Tough- Love Centre in Fargo, North Dakota is the presenter. Day long workshops will be held December 1-3. Parents of troubled teens may be interested in attending two sepa- rate evening lectures by Dick Schaefer on W D ber 1 at Stanley Humphries Secondary School in Castlegar, and on Thurs- day, December 2 at J.L. Crowe in Trail. Admission is by donation. Contact Continuing Education at the Castlegar Campus or the Trail Community Services Centre for details. Free wash and set at Nelson campus Nelson Campus Hairdressing students are offering an opening special of a free wash and set for the week of November 15. Full salon service begins Dec. 6 and is open Monday-Thursday from 8 30 a.m.-2:30 p.m.. The public Reservations are recommended. Call 354-3243 OPEN SUNDAYS until December 5 10:00 am to 3 pm Beside Greyhound ty welcome Feeding the hungry government Use me or lose me Many ot our beloved tax breaks are singing that song today following the election of a new majority government in Canada The capital gains exemption interest deduction on investment loans, business entertainment deduction, lack of estate tax - any or all of those and other provi sions could disappear or shrink. That could happen even before the end of this nomic statemeni rules. Certainly the annual federal budget could make significant changes. A revenue-hungry new government likes to make unpop- ular moves early in its reign So shift your financial plan ning into high gear. If a substan tial amount of your money is involved, get expert advice. And realize the “risk” a tax break might survive intact - in which case your actions and costs might have been wasted. This is why the tax aspect should be only part of your decision Capital gains exemption. Now, more than any other time in its relatively short life, this exemption is in danger of expir- ing. Individuals may realize up to $100,000 of capital gains on investments like land and rev- enue property (with some restric- tions) and securities but pay no tax. On certain small business shares and farm property, the limit is $500,000. As David Thompson, at Thornsteinssons, tax lawyers, points out: “An individual tax- payer claiming the full $500,000 lifetime exemption currently saves $175,000 to $190,000 in tax,” He also notes you can often realize (or “crystallize”) a capital gain and so claim the offsetting capital gains exemption while it still exists, yet keep the invest ment in the family by transferring r if an “eco * changes the 10 & spouse, perhaps other fami ly members or a family company Mike ro) Fm Grenby Syndicated Columnist This transactions can be straight forward - or complex and risky If you are thinking about sell ing an asset in the near future and will be able to claim the capital gains exemption to offset most if not all of your capital, move soon. Always weigh the tax advan lage (possibly only. future bene fil) against the costs of selling or transferring an asset legal and accounting fees, brokerage fees, costs relating to the sale or trans fer of land or revenue property, and possible taxes resulting from items like a recapture of depreci ation, any cumulative net invest ment loss (CNIL) you might have and the alternative mini mum tax (AMT). Interest deduction. Ottawa once tried to limit the ability to deduct interest on money borrowed for investment Bowing to pressure, it reversed the proposal. So in most cases you may still deduct your interest cost when you invest even in something as simple as the Cana. da Savings Bonds you buy on the payroll savings plan. (Note you may. not deduct the interest on money you borrow now to con- tribute to a registered retirement savings plan.) So if you have been thinking of borrowing to invest (in rev- enue property, securities or a business, for example), you might like to make your move as soon as possible. If Ottawa does try again to limit such interest deductibility. it might well “grandfather” any A one-of-a-kind Christmas gift Submitted Have you ever wanted to own a one-of-a-kind Christmas trec? Do you find it hard to buy “that spécial Christmas gift’? You can h. all c the fourth annual * Trees” sponsored by the Selkirk College Foundation More than 50 Christmas items are available for sale through a silent auction and ten beautifully decorated 6 and seven foot Christmas trees, along with selected art pieces are to be offered in auction at this year's gala Festival of Trees event This year’s artistic, one-of-a- kind decorated trees are being planned and executed by the staff of Tulips Floral Co., The Hair Annex, Cut’N Loose Hair Design and Avenues Hair Design Ltd. of Castlegar, Harmony Flowers, KB Computers and The Fabric Sand- wich of Grand Forks, and Selkirk College’s Hairdressing Program at the Nelson Campus, Sapphire Interiors, What's Happening and Georama Flowers and Gift Shop of Nelson. This gala Festival of Trees event is being held Friday November 26 at the Savoy Ban quet Hall in Nelson. The Slumber Lodge Peebles Motor Inn is offering special rates to all out of-town guests who attend. Tick ets are $75 (which includes $50 tax deduction). Ticket Order Forms. may be picked up from any Selkirk Col lege Campus, McLaughlin Print ers and Emory’s Men's Wear in Masquerade Magic By apot . . ‘only at_\ Train Station Museum 365-6440 Nelson and from Barb MacKay in Rossland and returned to the Selkirk College Foundation For more information, telephone Fae Lee at 365-1240. Cash, cheque and MasterCard/Visa accepted L 4 The Benefits of All-In-One Finances. A Kootenay Savings Member Gives Us His Statement. loans already in place, allowing you to continue to deduct those interest Costs. Business deduction. In most cases, you may deduct only 80 pefcent of such expens es, down from the original 100 per cent. About all you can do here is schedule any major busi ness entertaining sooner rather than later Estate tax and death duties Federal and provincial govern ments might argue over who should make this tax grab, but either way the beneficiaries of estates will lose Try to minimize the size of your estate (which will also reduce probate fees and related expenses) by, for example, hold ing assets in joint names, having the beneficiary own the life d entertainment insurance policy on the insured (so the wife would own the life insurance on the husband and vice versa), perhaps using other life insurance products which also allow a beneficiary designa- tion and simply making gifts of assets While the spectre of higher taxes should motivate you to study your. various option soon as possible, don't be stampeded into making moves that could, for example, cost you more money now than you might same in tax in future, cause family problems or leave you with no control over your assets. Mike Grenby is a Vancouver- based columnist and independent financial adviser who works with individuals; he will answer your questions as space allows write to him clo The Castlegar Sun — RRSP — It’s not too early to contribute to your RRSP’s Castlegar Savings Credit Union Castlegar Branch #100 - 630 - 17th St Castlegar, B.C 365-7232 1 Specialist } tt 3014 Hwy 6 Slocan Park, B.C. VOG 2E0 226-7212 CRAIG GUTWALD OPENS PRACTICE Effective November 15, 1993 Craig M. Gutwald, C.A., Tax hartered - ntancy practice of Larry Ewing. C.A Calgary where he graduated gree. He articled and worked in Calgary with two of the large accounting firms and obtained a ide range of accounting and business experience while pecializing in Income Tax and the GST. Later he accepted a ancouver position in the Treasury Department of the large international gold mining company, Placer Dome Inc. He continued to specialize in tax in addition to performing economic and financial analyses. Craig is married with three children aged 5, 7 and 9. His wife Judy, (nee: Cheveldave) grew up in Castlegar Craig attended the Universit with a Bachelor of Commer Craig's office is located at 1404 Uinkinnd Drive Cactlacar and he offars Hightand Drive, Castlegar and he offers a full range of accounting, financial planning, tax and business services in the Castlegar, Slocan Valley and Nelson areas He is committed to providing the same high level of service and quality of work as Larry has in the past td. Kootenay Savings Where You Belong