Winnipeg Free Press

Winnipeg Free Press (Newspaper) - December 7, 1998, Winnipeg, Manitoba Winnipeg free press monday business deem bar f email business Calendar the Centre lunch n learn the suit ulnar How to develop a i from to rat 130240 Graham Register in infer Maffor sessions Ori self employment supports Tot entrepreneurs will be held 9 and again on 16 from 9 to noon at 201 Portage for More the Winnipeg chamber of com Merce vip luncheon features Clay ton chairman of the committee on tax from noon to 1 30 at the chamber 167 Lombar Dava for Call fee invest Manitoba Art of raising capital seminar series presents a seminar on target marketing to at the fort Garry hotel from 3j45 to no Register the Accident prevention Assoc 1 action monthly dinner meeting takes place Transcona inn beginning at 5 guest speaker is Gervon Greasley on the topic future changes in apprenticeship and Impact on confirm Atten dance at thursday the information systems audit and control association presents a luncheon seminar on translating it activities into with guest speaker Gary Craven of los group from noon to 1 30 at the Royal crowne conference for basics course who instructor for Call on the Manitoba safety Council will offer its certified transportation of dangerous goods course1 with instructor David Patter for Call fee on 14 and the Manitoba safety Council will offer its certified forklift truck operator course with instructor Jack for information fee on the Manitoba safety Council will offer its halfday certified Job Hazard analysis course with instructor Bill for More Call fee on 16 and the Manitoba safety Council will offer its certified safety and health committee course with instructor Bill for information Call on the Chris Tian businessmen annual Mas breakfast features Juno award Winner Steve beginning at 7 atthe Norvilla motor Register at fee on the Manitoba safety Council will offer its certified defensive driving course with David for More pall fee the free items for the business they should include sponsor and fee and be mailed to Edward mat free 1355 Mountain or faxed to jog free press Cassandra Smith displays some of her work at Brush fire con temporary Ceramic customers select a design and paint Ceramic pieces open for business the free press charts the growth of entrepreneurial efforts in Manitoba with a list gun week of new Bush Ness company Brush fire Ign temp Rary Gramig studio bridal baby showers and any other gathering with a minimum of sight location Businele paint customers can borne in and browse through a wide things have gone really Well since we says owner Cassandra Tery lining the Walls of the they select and Purchase an item they can then Paw Are Able to test through a Sele Etien of books Tor in cd a design has been sleeved 3 customer May draw the design i weve had a Tot of repeat i says the idea Fer the shop sprang her own interest in pattern m the painting Complete the Ceramic piece glazed and fired and in addition to drop in customers the think taxes now to ease icy clutch of collector come Spring dont put it off what you do this month could save you Money by Michael Macdonald Canadian press Toronto be an april waiting until the last minute to scrounge around for ways to reduce your tax Burden could Cost you with the end of 1998 fast now is the time to Start fending off the icy fingers of the tax Here Are some yearned tax tips important deadlines for most the Best and easiest Way to reduce taxable income is to make sure certain tax deductible payments Are made before the end of the among the expenses that can be deducted Are safety Deposit Box accounting investment counsel moving interest paid on Loans used to buy child care expenses and political if Cash is an pay by credit trek turd it still said Gena a tax specialist at Ernst and in medical costs the medical tax which applies to any 12month period ending in can be claimed against some expenses not covered by provincial or company health such As glasses and dental the trick Here is to take full advantage of the credit before the end of the to do consider making Advance payments now on expenses Are expected to extend into Revenue Canadas list of qualifying expenses is usually updated every you can Only deduct expenses that exceed three per Cerit of net income or anything above whichever is charitable donations the tax credit for charitable donations is 25 to 27 per cent for the first when the Federal and various provincial credits Are added but the credit climbs to almost so per cent for Money donated in excess of to take full advantage of the larger consider making next years donation before the end of this year to boost the total Well above any eligible donations made in the last five years can be claimed and spouses can Combine their donations on one before the new year peo pie with children should consider contributing to a registered Educa Tion savings unlike a registered retirement savings the deadline for making contributions is More some changes were announced in the 1998 Federal budget that have made rests More attractive As while there is still no tax Deduc Tion for the govern ment will now kick in a 20 per cent Grant of up to per child for these tax sheltered that a 20 per cent rate of said Tony senior manager at Bank of Montreal wealth management its a brainer if youve got the Cash lying do grandparents or other family members can contribute up to per beneficiary annually for up to 21 depending on the age of the but its hard to justify making contributions to an resp if you still have contribution room remaining in an which pro Vides the option of immediately reducing taxable Stock donations with the worlds Stock markets in some tax experts believe there will be an upswing in a cer Tain Type of yearned gift giving this for investors itching to dump some publicly traded one option is to donate them directly to a charitable the advantage of a direct Dona Tion is that the capital gains tax rate for donors is lower per cent than if they simply sold the shares 75 per cent then donated the in either the donor still gets the charitable tax credit this Only makes sense for individuals who Are determined to donate and who Are equity Rich but Cash said tas if you have the Cash to make the youd toe better off Donat ing the deadline for making such a donation if it is to be claimed in the 1998 tax year is growth without worry by Michael Macdonald Canadian press was a time when investment planning for older canadians simply meant shunning stocks in favour of but slow growing fixed income invest for Many of today seasoned that Trade off hardly seems worthwhile considering they might outlive capital unless it continues growing at a steady As a Canadas financial ser vices Industry has developed products that Promise to preserve capital through diversified Stock investing while delivering stable one group of known collectively As Are often Tomi eed to meet the needs of conservative yet demanding older the wrap fund business in Canada is relatively Small and unheard says Larry a Vic president at age funds in were trying to increase our clients returns and reduce their were not going to take a bet with their As the name these products offer a bundle of personalized ser vices and usually a Basket of individual stocks s wrap investment pools or Mutual funds wrap Well wrap it All together and make sure it suits your says Woodrow Vic president of Mutual funds at Scotia securities this is a realistic Way to increase your returns and Lessen your risk or volatility at the same you can come out with per cent growth with very few shocks along the wrap which Are essentially investment management come in Many shapes and but they All enable investors to diversify their portfolios without haying to make Tough choices about individual invest buying such a read made product also helps Cut costs by eliminating the fees associated with each the advantage is the Al inclusive says John head of research at the investment funds Institute of with individual securities and Mutual commissions can Start eating your continued please see in by the numbers Mili ;