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Page 8, Whitby Fee Press, Wednesday, January 11, 1995 atb uine- Chamber of ($ýommerce Tax '-seminars for, business Tiie Whitby Chamber of Commerce will hast a meies of emali busness tax seminars (presented by Revenue"Canada) on Thursdays, Jan., 26, Feb. 2 and 9, 6:30 ta 9:30 p.m., at the Whitby municipal building, 575 RSsland Rd. E. The three serninars are designed by Revenue Canada for the small business owner or a persan planning ta start Is/her own business.. Officiais from Revenue' Canada will conduct serninars and the tapica are: GST - Small Business; Icome tax - Sal Business;ý Deduction - Taxation. Emnployee .The cost of * 26.75 includes tbree evening seminars, workshop material and OST!. Regiter early as registration is limited. For more details,, at 668-4506. Panel to discuss finance Financial issues will. be dis- cussed at the Jan. 25 meeting of the Durham Business and Pro- fessional Women's Club. A 'financial panel,' made Uip of do fd tii1 Document Shreddung # High volume equipment will reduce your shredding cost # Secure locked containers at no extra cost *Bonded drivers *100% of paper is recycled *Certif icate of destruction *Volume discounts available year-end, clean-outs CALI NOV (905) 427-3605 (Derrick) WASTE SYSTEMS cbartered accountant Bilan Prit- chard, Whitby lawyer Debra Sweetman, Bank of Montreal branch (jax) manager Edna KlCazek and certified manage-. ment ýaccountant Rose CrQnin, will answer questions. TIME: The meeting wbicb begins at 6:15 p.m., wili be beld at 'the Holiday Inn in Oshawa. Reservations must be made before Jan. 21. Caîl Karen Gra- ham at 905-427-6930 or Nancy ]Bone at 905-723-3000. 1995 MEMBERSHIPS Applications for membership in the Whitby General Hospital Corporation, for the year February 1995 to January 1996, are now being accepted. M COST: $5.0 Monday to Friday 8:30 a.m. to 4:30 p.m. Please ealu in advance 668-6831, ext. 1315 PLACE: Office of the Chief Executive Officer, Secretary to the Board, Whitby General Hospital, 300 Gordon Street, Whitby Memberships may be taken eut'at any time, however, eligibility to vote at the 1995 Annual Meeting is dependent on being a member in good standing at Ieast four months prior to said meeting. For further information, please eall the Chief Executive Officer's Office at 668-6831 extension 1314 or 1315. is.e DEADLINE: I Year!1 Im* t ilot may dtter Iom pcure Wth seven free software tities, a three year warranty and an internai voicelfax modem, the CD/FX-66v is the greatest value ini the history of multimedia computingl For information contact: WI a 1ima IP C '7ÇX4 a66 ï " Intel P4MD)2~MHZ processor " VESA local bus " 4MB RAM, 128k externat cache " 34OMB hlgh speod bard drive " 3.5" hlgh denslty floppy drive *Double speed CD ROM drive " Dual ampflfed speakers Lut< r. " 16-bit stereo sound card umui *14.4 Volce.'FaxModem Vl.Mi *1MB VESA SVGA video card *14" SVGA monitor, 1024x768, .28dp *MS Mouse and mouse padt *MS DOS 6.22 *Windows for Workgroups 3.11l t Seven free Microsoft titles e2,O99, 7 Free Software T-ies with CDIFX-66v Compuer BeSi je Performance Besbyt Center I I E I I E I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I i Tel: 905-725-7454 Fax: 905-725-7732 N __ Net War Monday, Tuesday 10-7,E S N LL ~ P~A9wP P F MICROSQET.Wednesday-Friday. 10-9, ~ ~ WNDOWS_ Tested and. Saturday 10-6, '~ Hy . JJ-1 REAUD-TO-IRJN Approved Sna 14 g COMPUTER#5 Sundy121F4. .905.47...7688 IPC Personal computers are built in Canada by: 3D Microcomputers. 350 Steelcase Road West, Markham. OntarioL3R MB3Te: 1-800-567-7413 ext ;e UNt Your Financial Heaith Derek Dutka SPOUSAL RSfPs (Secondof oaoeriea «M RRSP) ýRRSP contributions can be made for your spouse and stili provide you with a deduction in copting your taxable incarne. The main advantage of a spousalRSPstaition of the few remaining metbods of splitting incarne between spauses. -The reasoning is simple: one incarne of $60,000 is taxed nMuch more than two incomes of $30,000 - therefore you get ta keep moire for yourself if' the incarne is split. This is especially important since the governinent bas introduced P'raovisions ta claw back Old Age Security af hi h incarne $5,15) Canadians; and the age credit (startingat$25591). Spousal RRSPs also enable more effective use Of the pension incarne tax credit. By having a spousal RRSP, you can ensure that bath spouses are able ta draw up ta $1,000, of pension incarne tax-free. A further i4dvantage of a spousal RRSP is that it enables an individual ovýer alg e 71 ta contribute ta an RRSP. Normally once a taxpayer his reached age 71, they r oinge ioe ta contribute ta a RRSP. However, ifte taxpayers s ouse is not yet age 71, RPP contributions can be made ta a spousal plan, even if thee~ayer is over age 71. Since 1989, the governrnent bas aflowed the transfer of up ta, $6,000 of pension and.annuity incarne ta a spousal RRSP. This is the last year for this program. Use it by arch, 1995 or it isgone. if*y au. were earning over $30,000 when y au made the contrbution, you would have received a 42.9pr cent tax rebate for your contribution. If your spouse bas no other source of retirement incarne, over $7,000 (basic and pension incarne credits) r year could be withdrawn- with no incarne tax being repaid.What a nice ban us. Amounts abave the exemptions, but less than $30,000 would be taxed at 27 per cent. That's stili a 15 per cent return on your money courtesy of the tax department.. Other p oints of interest Spousal RRSPs are not for short-termi applications. Money taken out of -a spousal RRSP within three years of the most recent contribution will be taxed in the handa of the bigher income-earming spouse. Under marriage breakdown, spousal RRSPs are stili considered famlly assets. It does not matter whose name is on the account; it will be divided evenly. ~ The higber incarne spouse can contribute taý a personal and a' spousal RRSP as long as the two amounts do not exceed the maximum aflowable limit. Therefore, tbe lower income spouse sbould also contribute ta, the maximum ta, his/her own persanal plan. Derek Dutka ia an inýdependent linancial planner FWth FinanciaJ Concept Group in MaIa wa. IPC 560WMHT e Intel Pentium 60 MHz processor # Pc, local bus s 8MB RAM, 256K'cache # 530MB hard drive e 35" floppy drive e 1M PCI video *101 enhanced keyboard *MS mouse and mouse pad *14 Il$VGA monitor, .28 DP *MS Dos 6.22 *Windows for Workgroups 3. il *Wordperfect 6.1 *Quattro Pro 6.0, Envoy e2q449 including monitor Happy Multî Medîae ew