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THE HERALD Wednesday April 24 Page 17 Crossborder shopping is linked to free trade ByDlANNEMALEY Business Analyst Thomson News Service In a world where multinational corporations shift from Korea to Taiwan to Mexico in search of cheap labor it is not immoral for Canadians to shop in the United States Those who say it is are confused But cross border shopping has become mighty inconvenient for Canadian retailers The number of oneday car trips to the States leaped per cent in February from the correspon ding month last year Statistics Canada numbers show Analysts estimate that Ontario alone loses billion of retail sales to the Americans each year T morality argument holds thai border hoppers are hypocrites because they enjoy the benefits of living in Canada and shopping in the States Canadian retail sales help support Canada health and welfare programs so the ment goes Buying American is unpatriotic Open house Tht Georgetown plant of BASF Canada is holding an Open House on Thursday May 2 1991 to mark the comple of a major modernization program which establishes the facility as one of the most modern animal nutrient feed mixing operations in the world The plant located on Todd Road was acquired by BASF in from Chemicals Ltd which had operated the facility since This plant has a capacity of tonnes of animal nutrient products a year supplying customers in Ontario and other parts of Canada The investment in the Georgetown plant reflects BASF growing commitment to the Canadian marketplace general and to the animal nutrient business in particular In all BASF employees number more than 1 people across Canada generating sales of near million annually BASF representatives in atten dance will be Dr Norbert PhD Animal Nutritionist of wigshafen Germany represen ting our parent company and Mr Chnstoph von Krafft dent of BASF Canada Inc along a number of other senior managers Deadline April 30 1991 Do You Have Your 1990 Tax Return Prepared Daniel Varanelli CGA 5- NEWINTOWN Let Us Put The Mat Out For You ACTON Judy 8532977 GEORGETOWN Debbie NEW ADDITION o Welcome Wagon hostess She will bring congratulations and gifts or the family and NEW BABY NOT THE ISSUE But the morality issue doesn stop companies from laying peo ple off It should come as no sur pnse then that people decide to lay off their local retailers by slipping down to the United States to shop Wealthy people have been doing this all along Two wrongs don make a right you might argue True enough In the economic system that prevails in North America though layoffs are not con sidered wrong They are an economic issue not a moral one And so is where you shop The question of Canada health and welfare programs is more complex There is no direct connection between rejail sales and welfare or medicare Whatever indirect connection there may be is tenuous To some extent retail prices may be higher in Canada because of higher corporate taxes But corporate taxes make up only about eight per cent of total federal tax revenue So the sur vival of medicare does not on corporations STILL A PROBLEM Cross border shopping also results in a loss of government tax revenue If it continues it will result lost jobs in retailing This still does not make it a moral issue As an economic problem it Changing of the guard Georgetown Royal Bank branches on Main Street and Guelphvlew Plaza have a new manager of Personal Banking Steve Hay left takes over from outgoing Manager Mike who has been transferred to the Royal Banks main branch In Sudbury as Manager of Personal Banking Mr with years service in the Royal Bank worked in Georgetown for three years Mr Hay who has been with the Royal Bank for just over years worked in Waterloo as Manager of Private Banking prior to Ms transfer in Georgetown Herald photo We Mean Business FOR YOU We have everything you need to let your customers know youre in business BANNERS BILLBOARDS ENVELOPES LABELS POSTERS ENGRAVING CUT OUT LETTERS VEHICLE LETTERING PLEXIGLASS CUSTOM SIGNS SILK SCREENING AIRBRUSHING LOGO DESIGNS HATS BUTTONS SHIRTS PENSMAGNETICS WINDOW LETTERING REAL ESTATE SIGNS SANDBLASTING NEONELECTRICAL BUSINESS CARDS CUSTOM GRAPHICS DOIT YOURSELF KITS TRUCK LETTERING FROM If TWODOOtS NAME ADDRESS AND PHONE LOGOS EXTRA CALL FOR DETAILS 61 SINCLAIR AVE GEORGETOWN could be serious It is symp tomatic of the problems that have beset this country for so long Canada has grown up in the shadow of the United states Not to adopt the Americans high standard of living would have undermined the country political To adopt it when we could not afford it has had much the same effect One can trace the big in crossborder shopping to the free- trade agreement between Canada and the United States In advertently the federal govern ments defence of the agreement focused Canadians attention on how inexpensive things were south of the border It was as if the tariff walls were lifted over night This is what free trade is like folks How do you like it so far FINANCIAL Under In A N Location Wi SI BLOCK Canadas Tax Team Put us to work for you TAX TALK Q I am a commission soles man and have always been on tilled to deduct office in home expenses an my tax return I heard that the rules for claiming these expenses have become quite strict Does this mean that I will no longer be able to my office in home expenses A Not necessarily For the rules have not changed However tor there wilt be more restrictions as to how the home office must boused In order to expenses the home office must be either your principal place of employment or it must be used by you exclusively for the purpose of earning income and used on a regular and cont basis for meeting customers for business reasons COMPUTATION ON LOCATION tar XL Hi iiu Computer Data Services MAIN ST GEORGETOWN 8776565 8775656 Accounting Financial GST Italian Advk JOHN A GIBSON CHARTERED ACCOUNTANT PI PUZZLED ABOUT YOUR FINANCIAL FUTURE We Can Help Make All The Pieces Fit Goebelle MacAdam Alexander Chartered Accountants WITH THREE LOCATIONS TO SERVE YOU BRAMPTON 37 Main 5t South Daniel Varanelli Certified General Accountant Personal And Business Tax Returns Accounting and Services financial Statement Preparation Payroll Services GST Sales Tax Consultation Computeriied Fast and Accurate FREE INITIAL CONSULTATION Hwy 5148534311 Financial Planning Centre Pull Range of Financial Services Including Income Tax Return Preparation Individual EniurothaT you gel oil deduction to rduc tax lor nam by STREET GEORGETOWN 8731877