Business

Global perspective helpful

If continued bad news about the
Canadian economy is depressing
you, let’s put ourselves in a global
perspective.

Our North American economies
are not as bad as what is happen-
ing elsewhere in the world.

Let's look at Europe. Instead of
a smooth rush towards economic
integration, 1992 is proving to
leave Europe with financial insta-
bility.

Bnitain and Italy, by opting for a
holiday from the monetary
scheme, leaves the European Mon-
etary system in crisis.

Germany, focused on ils own
economy, continues with its high
interest rate monetary policy.

Maastricht’s envisaged integra-
tion of Europe is not occurring as
forecast. European integration will
occur, but likely at a slower pace
and with a much narrower scope.

With all the above chaotic
events, economic growth forecasts
are off sharply for all major coun-
tries. Even Germany is expected to
flirt with recessionary numbers in
1993.

By contrast, North American
growth forecasts are expected to be
positive and improving into 1993.
So Canadians remember, look at
the big picture!

If anything, Canada and the
United States are going to lead
world economies out of recession,
as Europe seems to be gaining
momentum towards recession.

As for the Canadian dollar, the
bulk of our trading 1s with the
United States, so the recent col-
lapse in the exchange rate
enhances an already bright picture.

Twelve strategies for a worry
free Christmas and a prosperous
New Year:

1) contmibute to an RRSP earlier

Enter our draw.
Customer
appreciation of
the week.
Names drawn
every Sun. till
£ Christmas

and to the maximum.

2) take advantage of pension
income tax credits.

3) split income between spouses
by using a spousal RRSP for
ordinary income or pension
income rollovers.

4) give charitable donations
before December 31, 1992.

5) pay yourself first, not last,
and ensure il is at least 10 per cent
of your total annual income.

6) set up a Registered Education
Savings Plan (RESP) to help fund
post secondary education for your
children or grandchildren.

7) take advantage of tax free
capital gains by realizing the gains
before year end.

8) sell shares at a loss to offset

taxable capital gains before year

end.

9) update. your will.

10) plan for 1993 by reviewing
your investment portfolio now.

11) give yourself a gift, a copy
of the book The Wealthy Barber,
by David Chilton.
_ 12) enjoy the holiday season
with family and friends.

HAPPY NEW YEAR!

“Environmentally
Friendly”

CHRISTMAS TREES

We guarantee our farm and
trees have not been sprayed
with chemicals. If you are hyper
sensitive to chemicals you can
feel safe having our trees in
your house.

ISLAND TREE SALES
Sanscha Hall, Sidney

Please Recycle Your Tree.
SIDNEY LIONS TREE SHREDDING
Iroquois Park
JANUARY 3rd 10 a.m.-4 p.m.
BY DONATION

A Hes er Esty Cond

TM & © FOX/"Bobby” Char. TM Alevy Prods.

Help stamp out
lung disease!

THE + LUNG ASSOCIATION

Dl eres Service
Sey Above
oy pot Self

© WORKWERR
AK WORLD

TheReview

q eS a Dancing 9:30 PM. till 2 A.M.
Zag Party Favours.
(Zi toast at Midnight.

TICKETS ONLY

Per
52 5 oe Person

Now Available Only At

THEO’S PLACE

9819 Fifth St. Sidney

Oo: 7666

SRKV pale

Starting at 9:00 a.m. Tuesday,
December 15th. We are offering

All regular priced Merchandise in the Store - ONE DAY ONLY

OPEN
till
9:00 PM.

COME & JOIN

IN THE

SAVINGS

5th aoe OPEN EVERY DAY

‘South OL pengoe

Wednesday, December 9, 1992 —

HOUSE OF RUSSEL

HAIRSTYLISTS LTD.

Qur Reputation
is on Your Head

UNISEX ¢
656-1522 ses

® Precision Cutting

IN SIDNEY CENTRE

#102-2367 Bevan Ave., Sidney, B.C.

(Next to Safeway)

* BRING IN 1993 .

AT THEO’S PLACE
The Good Times Start Right Herel
On The Best Dance Floor In Town!
New Year’s Eve Party

with music by
Ashley Sound

4 v's Cocktails 7 & @ PM.

202:

Beverage and
~ goodies

served all day
- be sure and
join us.

-656- 1970

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