Peninsula News Review.

~ How... ‘do. you spell
SMART? Ken. Stratford,
representative for Smart-
Communities for Greater

‘Victoria, spells it like this:

-S- services (and it’s not: :
: just about technology); M-.- bus
multiple service opportuni-.

‘the cominunitye A logical :

place to put them would be
in banks, and those negoti-
ations are taking place now.

“Coun; Tim Chad suggested
they also work with conve-

nience stores as locations.
Through the — kiosks,

people would be able to do.

ties; A- accessible to awide. 5:

_number of. people;: R-
. sponsive to the. needs: of

ry

“among 12. communi es.
-ACTOSS Canada.
- Who - gets: ‘those grant
funds i is expected to-be an-
Ne nounced by September.

-town. hall as being. a 24-

something like ATM ma-

chines) scattered through

eo

fps and Annual
VIC TORIA ANTIQUARIAN
| BOOK FAIR |

Books, Maps, Documents and Prints from '
Regional, National and international Dealers. &

“May ‘Sth, Oth. ae
nt: 00 am. - 5:00 pn. ae |
$5, 00 at the: door :
oak Bay Recreation Centre
4975 Bee St, Victoria, B. C.
‘or more. information:

“-250- 50-598.9385 or 250-
i

‘Website: wawamithooks. camiviciorla pia

et peonle of Sine :
A SmartCommunity can The people of Sidney

include a number of: ser-
vices.. Stratford envisions: ~

> have’. ‘gras sped this. so.
quickly,” he said, “that this.
‘area-is far ahead of some’

other south Island munick:
~ hour a day; seven day ae: ey :

week facility, with services
- available through kiosks

palities.” by
“Council's agreement, in

~ principle will add weight to:

the ie

595- 4798

ing application, all munici-.
alities: eae in’ eee

Canadians you. have

probably just finished
filing and sending off your
1998 tax return.

[: you are. like most

It is also at this time of © f

year that most Canadians
come to the realization that
to some extent we are lucky
that we live in a country
where we do not get the
level of government that we
pay for.

- With tax rates for ‘middle

income’ earners in the 40
per cent range, escalating to
north of 50 per cent for
wealthy Canadians” it is lit-
tle wonder that the average

Canadian is always looking

for some form of tax relief.
While this year’s tax re-
turn is fresh in your mind, it
way be worth reviewing
some basic tax reduction

“strategies which are avail-
able to virtually everyone. ©

The first and~ perhaps

‘most obvious is to ensure -
that if at all possible, you

have’ contributed the maxi-

mum to your RRSP. While:

ideally it should be the max-

imum allowable under the

pe

~ *6 Months No ¢ pay No

"786 LOTR Ave., Victoria

ote 78-214 2 @ cl

uanderietnsaninantaiounonnra wes Meaiaewnidenremamannnennvenesanainain seni

tax act, that may riot always
be possible...
Perhaps a more succinct
statement would be to con-
tribute that © maximum
which you are able to con-
tribute. Any contribution is
tax deductible and all con-

tributions are effectively a

savings play.

‘Add aiitile“chargcter” SS
to your embroidery

Introducing Sexy and
Friends embroidery trom

Y OVOCHEL Pacasottor by Brother —.

- * Easy Financing
Available

Interest On

ea

: : Goepel :
~ McDermid.

se ewe PT’ se

9764 Fifth Street, Unit 7, Sidney

Wow!
- Reg, $2699,00 Now Only

$1499°

HOURS: Mon. — Sat.

NK "Victoria’s OneStop
been hk Croft Boe :

If. you and your
spouse/partner. are not
both members of a pension
plan, it~ typically makes
sense for the higher income
earner to make contribu-
tions on behalf of the lower
earner.

The higher earner gets
the deduction now, but the
income is taxed in the
hands of the lower income
earner when it is taken out.

For those living on in-
vestment income, serious
consideration should. be
given to receiving dividend
income rather than interest
income.

The primary difference is
that dividend income: is
taxed at a much lower level
than is interest income. In
round numbers, you would
need to earn about $1.25 in

‘interest :to keep the same

amount after tax as $1 of div.
idends.

a ie
woe re

- >"> Ralph Sommerfeld, FC.S..
nes “Senior investment Advisor”
“Tel (280) 655-5556

imaginé a

¢ No Tensions.
* No Frustration:
Air Threading
* Sewing is Fun

Mom also gets a $100 Gift Certificate!
Now Only atthe Cloth Castle
9-5: 30 pm Open Thurs. & Fri. tl 9 pa

fanaa inn (arin Tne we ween Ramen Weel wan em, nae a Ne es eden ec vane Ce Sane. Haney wa

Enter Mom’s Free Draw
: “for a $100 Gift Certificate

lee smeeeeieveenntinemsiameneenereeaneermament ti
; mo tpeentmcnennnmnineanmtnenmnnr
: rat ¢ ode. ies nnn oe Ear acecaaaaceo

a a ee ce i

as tS a

PENINSULA NEWS REVIEW 27 ) £7

There may also be oppor-
tunities to split income. This
is typically done by register-
ing securities jointly. This al-
lows you to establish a pat-
tern of earnings and taxa-
tion which is acceptable to
Revenue Canada.

For young families or
grandparents who are
putting aside funds for fu-
ture education of children
or grandchildren, a Regis-
tered Educational Savings
Plan may be beneficial.

There are many ways to
mitigate your taxation.
Which ones are most appro-
priate in your particular sit-
uation depends on your
unique circumstances. -

To implement an effec-
tive. strategy. requires

knowledge of your options -

and planning. It is too late to

. do anything for the 1998 tax

year — but there is always
next year.

| Phone . \conucheten tensteniu qua mt shieaiitaiinaisnemacen dnateenintansenanires) epee i

Draw Date: May.18,, 1999 ‘J

~ Abels

cow