Winnipeg Free Press

Winnipeg Free Press (Newspaper) - January 7, 1990, Winnipeg, Manitoba 12 Winnipeg free january Matthew Guberman with his closet system it was All a matter of Ding closet confusion Matthew Guberman used to have skeletons in his closet Messy ones at i used to be a two pile person one clean and the other the 29yearold confesses of the confusion that used to haunt his clothes but when he stumbled upon the California closet Guber Man found More than just a Way to come he also recognized that closets were the last Frontier in the Home redecorating frenzy that has already seen kitchens and bathrooms and so six months Guber Man decided to bring this latest renovation wave Here by acquiring the Manitoba franchise rights for the California closet since opening his Erin Street he and his seven employees have created order out of chaos for about 500 Homes using the sys tem which can double closet transform single shelf closets into efficient units by Seg menting the adding tiers for multilevel hanging and creating custom Racks and the entire process takes about a Day and costs Between emn eurs business spirit things happen and As one would expect and As the name this company was spawned in that same Southern state that gave us waterbeds and hot since it has made More than closets including some for Rich and famous types like Linda Evans for her exercise Sylvester Joan Rivers and Rupert but dont go thinking that this system is just for those who have More Bucks than As Guber Man there Are definitely practical pluses to becoming a California closets he estimates the system in his bedroom saves him 10 minutes a Day As he no longer has to Root through everything to get dressed in the and increasing his efficiency rat ing is definitely needed As this is not his Only Guberman is also a partner with his 25yearold brother David in a telecommunications telex perts Manitoba while going into business always appealed to his entry was anything but after graduating from the University of Manitoba with a degree in geological engineering in Guberman found himself in a Job Market that was pretty a Short term position he had with the provincial department of Natu ral resources was terminated and he was facing so he joined up with his brother and when the closet concept caught his he decided it was time to Branch it was All a matter of he Felt he could make use of his engineering background and do it on his but he soon discovered that was easier said than so he decided to go the franchise which had a number of and first it provided Guberman with a three week training course in As Well California closet sent people Here to help him set up the the Parent company visits him on a regular basis and there Are also meetings twice a year where 100 franchise holders can Exchange the franchise provided us with the expertise to begin to Man fac build the set up the equipment and work they trained our pro Viding top Robottom expertise in every aspect of the including and As an operator of a Small Guberman says he afford to do the testing and develop new Guberman says the company is planning to do organization sys tems for the entire House and also for commercial his Short term plans will focus on another possibly in and whatever he has no regrets about not ending up As a working for its great being Able to make All the decisions for what we you get to take responsibility for your failures and get to take the glory for All the Consumers face bigger tax bite by Larry Welsh the Canadian press december buying a microwave oven for Christ Mas brings a smile to the tax collectors face the Purchase Means paying a 27percent sales Consumers Arent a microwave that Cost in 1989 costs after a decade of Infra Federal and provincial sales taxes add a hefty to the total Bill for that microwave this future tax Bill May sound outrageous in but most experts and economists say canadians will probably feel that kind of pain every time they open their wallets 10 years from in Ontario for paid eight percent retail sales tax on the total Bill future headaches Many of the symptoms for taxpayers future headaches Are already evident in 1989 As finance minister Michael Wilson plans to impose his new nine percent goods and ser vices says David senior research associate at the Canadian tax foundation in though Wilson simplified and lowered personal income tax rates in this will probably be More than offset by increased taxes on the Money canadians called consumption they Are in effect a tax on top of tax because they Are collected after fed eral and provincial governments take their respective bites out of weekly pay what youre probably going to see is a relative shift towards con sumption based taxes and away from income based says Allan a professor at Carle ton University in Ottawa and the author of a recent study on Wilsons tax so that whatever our total tax Bill Well be paying a larger share of it through consumption says taxes heat up microwave oven by canadians could be pay ing More than one out of every four dollars they spend to something called the National tax commis which will collect sales tax Revenue for Federal and provincial experts after much political bickering in the Early 1990s Between premiers and the prime the prov inces Are expected to put aside their differences and join the goods and services tax system ushered in by analysts in provincial governments have nothing to gain and everything to lose by supporting Wilsons says but Given they can argue that they have no Choice but to he they can become reluctant bridesmaids instead of Coco Spira the result a typical couple in lets Call them Evan and would see a 27percent tax rate during a future shopping trip to a department it could include a 15percent Levy for the Federal government and a 12percent tax for Ontario although Evan and Ashley will probably believe they pay outrageous sales taxes in their per Sonal income taxes May be Only slightly higher than in the personal income tax rate in 1989 is 26 per cent for people earning Between and a but an additional five percent in come tax surcharge would probably be lumped in with the base income tax rate during the this Means More than a third of Evan and Ashleys pay would be raked off the top in Federal income on whats they pay up to a third More in sales tax every time they bought most of the increased sales tax would probably not be used for bet ter services to cite just one exam More nursing Homes that Are urgently needed to meet a shortage of chronic care Beds for Canadas rapidly aging the Money would be used to trim government budget to Evan and it would probably appear that All their tax dollars have Little Impact on Cana Das budget even though the Federal govern ment could Post a slim budget sur plus in 1999 for the first time since the fiscal year ended March the Federal governments total debt is expected to climb sharply during the Wilson boldly predicted in 1989 that Ottawa annual shortfall be tween spending and Revenue would decline to billion by but a couple of mild recessions during the 1990s and interest rates that remain stubbornly High after adjusting for inflation could substantially delay Progress in the fed eral governments deficit Ottawa will probably owe about billion at the Start of the but that could balloon to More than billion by the end of the Carl chief economist at investment dealer Mclean Mccarthy in says up Ward pressure on Canadas taxes will be linked to three Steps in reducing the Federal governments slow debt growth Wilson wants to Stop the debt from growing faster than the although the debt will still be the finance minister wants to make sure the total amount of debt grows More slowly than the Beigie believes the Federal govern ment will achieve both of those goals during the but i dont think its going to be possible in this Century to get to the Point where you actually Start to bring the level of debt he and that Means Ottawa will continue to ask canadians to pay higher family allowance can Spur savings by Murray Taylor with mortgage or loan pay ments eating away at their most people especially families with Small Chil Dren find it Tough to set Money aside for some families do try to put the maximum into resp contributions each but often the main motivation is to reduce their income now that government has renewed the interest income families that do manage to put some Money into general savings will find that the Little interest they earn is almost Cut in half through income its not surprising that people Are looking for ways to maximize their Many families have disco Vered that family allowance cheques can form the basis for a family savings the family allowance is intended to provide benefits for each so if the Money is set aside in some identifiable Revenue Canada recognizes it As the Childs a number of financial institutions have arrangements whereby depos its can be set up in Trust for a interest earnings and Capi Tal gains Are taxable to the but usually the child has no other in which Means no tax is while these funds Are to be used for or on behalf of the they provide a base of savings for the for if you put a month into a savings account for a in 15 at 10 per cent More than would accumulate in the if the same amount were put into a Sav Ings account in the parents the funds would be fully and after 15 at 10 per Only about would Accuu at Many financial can sit in a Low interest account for some time before it can be Transfer red to a higher interest but a few companies have recognized the significant of family allow Ance savings and have set up sys tems that accommodate saving in this some insurance companies have established automatic monthly de posits with a minimum of the Money can often be invested in Vari Ous investment such As Money and real if these funds have no fronted or backed and no transaction excellent returns Are available on these Sav As Long As investment is made in the Childs and the child has no other income or at least not enough to attract there will be no income taxes to if youre looking for ways to Maxi Mize your consider putting the family allowance Cheque into a savings account in your Childs Murray Taylor is director of Money products at the greatest life Assurance councillors vote for pay increase Halifax up there were no nays at Halifax City Hall last week when aldermen gave preliminary approval to a 33percent salary in crease for there want even any debate As they accepted a committee report that recommended the annual pay package for their Par time jobs should increase to from a tax free expense allowance makes up on third of an Alderman under the proposed mayor Ron Wallace would see his salary package increase to from of the is an expense account for which Wal lace Doest need to submit re residential mortgage rates As of Able mortgage finders Assiniboine credit Astra savings credit Bank of Bank of Nova Bison mortgage Caisse Populaire cambrian credit Canada Trust carpathia credit Central guaranty Cibic mortgage confederation Trust cooperative Trust Coronet counsel Crosstown credit a Chrls mortgage firs line Hansa credit holy spirit credit byline credit Inland investors Laurentian Bank of London life insurance Mary Allison Mage services Montreal Trust mortgage Mutual National Bank of National North West North credit Union peace Mills Trust Presnor Trust of Progress Vera credit Union Royal Bank of Royal Sigmar mortgage Sun life Assurance Toronto Dominion total mortgage source mpg real estate Board Winnipeg free press car electronics 151600 Regent West 6611854 Ray Levy owner manager Gordon president of hrs electronics congratulates Ray Levy on joining the video refit shop Ray brings with him ten years experience in the audio video Field and invites his former customers to Contact him at ;