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Page 8 MONEY MANAGEMENT 89 Wednesday February 8 1989 It costs a bundle to keep your car on road Did you ever sit down to figure out how much it really costs you lo own and operate that car of yours Well take it from the Canadian Automobile Association its plenty and going up all the time The CAA says it cost more than to own a typical compact care and drive it kilometers or miles Total costs per kilometre were 314 cents or 57 percent more than the 7 cents it cost in The CAAs example related to a fourdoor Ford Tempo with a fourcylinder 3 litre engine Its operating costs went up much faster than the overall cost of living increasing per cent to 75 cents per kilometre in from cents in Newlyim posed gasoline taxes and costlier auto insurance were responsible Actually ownership costs didnt increase quite as fast up 5 per cent for the year from a day to 1064 In the Tempo ex ample operating costs were 690 snow tires were license and registration was 79 depreciation was calculated at 2322 and finance chargesat 742 The grand total was 3884 And quite grand enough thank you What can you do about it Chan- Average car prices of dollars s dollars This StatsCan graph shows the steady rise in average prices of domestic and imported cars in Canada from about 10000 in to about 16000 in 1988 ces are not much unless of course you can manage to get along without a car altogether But a check of your insurance coverage might be worthwhile For in stance you may be paying for a lower collision deduction than you really need Ask how much youd save by changing from a deduction to a one Or if your car is over years old or in poor shape you may want to consider eliminating collision coverage en tirely because the amount you could collect would be small in any event Timely tax tip While you may use your non refundable lax credits to reduce your federal tax payable to zero the unused portions arc not refundable to In some cases though you may be able to transfer the unused amounts to someone else For ex ample the unused poruon of your age and pension income amounts may be transferred lo your spouse Other transferable credit amounts are disability tuition and education Timely tax tip You may transfer pension income and certain retiring allowances into your registered retirement savings plan Obtain the Pension and RRSP Tax Guide for details If you trans fer a large amount into RRSPs you may be subject to minimum tax on the transfer Refer to the minimum tax section in the Guide for details YMS COMPUTERS No Business is too small to computerize Call now for a personal analysis of your 5198534534 21 Mill St West ACTONL7J1G3 Cellular Phones Fax Machines Computers Software Training s You Could Retire a Millionaire Guelph Mountainvlaw Main si s 8772231 ii ANNOUNCEMENT Goebelle Alexander is a professional firm that has developed a distinctive reputation in our community The following are senior members of the firm Graeme Goebelle B A Brian MacAdam BSc CFP David Alexander GA Melanie McCracken BSc Gordon Otley BA C A Allan Lam BComm On January 3 1 McCracken and Gordon Otley were admitted to the partnership Melame McCracken is a graduate of Georgetown District High School and currently resides in Georgetown She received her Bachelor of Science maioring in Kinesiology in 1 from the University of Waterloo In her 1 980 she returned to the Univensty of Waterloo to pursue her education in Chartered Accountancy and received her Chartered Accountant designation in 1 has been with the firm since September 1 where she started as an articling student She is currently enrolled in the Business Valuations program and hopes to receive her Chartered Business Valuator designation in 1 Gordon is a graduate of the University of Toronto commerce and economics program He has been involved in the Mississauga and Toronto business communities since Following three years as accounting manager with McDonalds Restaurants of Canada Limited head office he tided with the national accounting firm of Thome Ernst He tamed his Chartered Accountant designation in 1 985 and oined our firm the following year Another of our senior members Allan Lam was born and raised in Vancouver B where he graduated from high school before heading for university in central Canada He received his Bachelor of Commerce In 1 983 from Carleton University in Ottawa Allan articled with the national firm Arthur Anderson Co in Ottawa prior to taming his Chartered Accountant designation in 1 Allan spent some time with a local Ottawa firm Chartered Accountants and was an accounting manager with Northern Telecom in Toronto prior to Oining McAdam Alexander In 1988 Our firm has met with considerable success and has become known lor its outstanding capabilities and skills at translating them into substantial benefits for our clients In this connection we service the community Hlton Hills at 37 Main Street South Georgetown Ontario and the community of Meadowvale at 6549B Mississauga Road Ontario Graeme Goebelle Gordon Otley and Allan Lam have a varied business background which allows them to bring expertise to their clients at various levels Our expert in income tax as well as financial planning is Brian MacAdam David Alexander is our senior audit partner who is also a specialist in computer installation Melame has become known her experience in business valuations As can be seen our firm can provide a wide range ol services to assist you with all your business needs We are committed to providing a quality of vice in accordance with the highest standards our profession Goebelle MacAdam Alexander Chartered Accountants 37 Main St South 6S49B Mississauga Rd Georgetown Ont Mississauga Ont 8775155 8266352