Halton Hills Newspapers

Independent & Free Press (Georgetown, ON), 11 Jan 2008, p. 3

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BE N EF IT S FO R CA N A D IA N S Create An Alternative To RRSPs While MakingYour Mortgage Tax Deductible tax-saving benefits for Canadians MAKE YOUR MORTGAGE TAX DEDUCTIBLE WE HAVE A FINANCIAL STRATEGY THAT SIMULTANEOUSLY CONVERTS MORTGAGE INTEREST TO TAX DEDUCTIONS, SHORTENS THE AMORTIZATION OF YOUR MORTGAGE AND BUILDS A FREE AND CLEAR PENSION PORTFOLIO FOR YOUR RETIREMENT FUNDED THROUGH YOUR MONTHLY MORTGAGE PAYMENTS AND WITHOUT REQUIRING ANY ADDITIONAL MONTHLY CASH INVESTMENT KNOWN AS THE SMITH MANOEUVRE. Most Canadians arent. After ever-rising taxes and the cost of making ends meet, most of us dont have the resources to put away 10% of our income and max our our RRSPs every year. The benefits of compound interest, which are essential to our long-term financial well-being, remain elusive. But there is a way to change that. Its done by transforming mortgage inter- est into tax refunds. Next to winning the lottery, nothing improves your cash flow more efficiently than the act of reducing your income tax and doing it by making your mortgage tax-deductible. THE SMITH MANOEUVRE is a remark- ably efficient way for you and your family to raise large amounts of new money, through free tax refunds, so that you can start build a larger nest egg, sooner. GET YOUR MORTGAGE TAX-SAVING BENEFITS TODAY, CALL US AND WELL SHOW YOU HOW! Are you investing enough, soon enough? Upcoming Information Seminars January 30, 7-8pm February 13, 7-8pm The Optimist Club 13439 Highway #7, Georgetown, ON L7G 4Y5 TO RESERVE CALL: 1-877-242-5956 OR EMAIL: RSVP@JDBadvisors.com Reserved Seating, 30 People. Mutual Funds provided through JACKY DEBACKER, CFP FUNDEX INVESTMENTS INC. TEL: 416-242-5956 FAX: 416-242-9225 CELL: 416-220-5015 jdebacker@sympatico.ca Mortgages provided through ADELE RANIERI, AMP, CAAMP ASSURED MORTGAGE SERVICES TEL: 416-727-8874 FAX: 905-857-0507 adelei@rogers.com *Offer based on first visit enrollment, minimum 12 month c.d. program. Not valid with any other offer. Valid only at participating locations. 2008 Curves International GEORGETOWN 39 Main St. S. Downtown Georgetown 9057020418 ACTON 374 Queen St. Acton, ON 5198530502 YOUR CURVES WILL AMAZE YOU. Join Curves for a 30-minute workout that works every major muscle group and burns up to 500 calories. For a limited time, youll save 30% and get a free week on our new online weight loss site, CurvesComplete.com. NOW BOOKING 2008 DATES AT 2007 PRICES! Acton/Georgetown, Friday, January 11, 2008 3 a loss of revenues, $653,000; the last year of the five-year pavement management program, $445,000; the building of the two fire stations in Georgetown, $275,000 (the 1.2 per cent levy); contributions to various reserves, $138,000; growth-related programs and ser- vices such as new roads and parks oper- ations, $161,000; materials and supplies, $112,000. The loss of revenues include a decrease in assessment growth from an anticipated 3 per cent to 2.1 per cent ($500,000), which means a loss of $180,000, and the elimination of $150,000 in funding that had Town received in past years as a result of the Halton Region downloading of roads to the local municipalities. Lost revenues were also a result of a reduction in planning fees ($98,000), mainly as a result of a council deci- sion in 2007 to discount fees by 50 per cent on non-residential and non-profit community applications. Corporate revenues budgets (Subdivision Agreements, Supplementary Taxes and Town Surplus/Deficit) were also lowered by almost $225,000 to allow a cushion in future years when, due to the current servicing constraints (no water for new homes and businesses) the dollars may not be generated to match the required dollars in the base budget. Combined, these revenue losses translate into approximately 2.9 per cent of the base budget increase (or $29). The Town has added $162,000 in staffing, as a result of growth pressures. Presidents of both Acton and Georgetown seniors centres made requests at the meeting for more hours for centre staff due to rising memberships, declining volunteerism and increased program needs, but no action on those requests was taken by the budget committee that night. DeSousa did not paint a rosy picture for tax- payers when making projections for the 2009 and 2010 operating budgets, saying that 4 to 5 per cent increases on the base budget are expected. Again, thats due to decrease in assessment growth (result- ing from the servicing constraints), reduction in revenues, topping up of an under-funded Public Works vehicle reserve, new parks and roads costs, staffing costs, utilities and fuels, mate- rials and infrastructure funding. Budget committee will begin debate on the proposed 2008 operating bud- get, beginning at 6 p.m. in the Halton Hills council chambers on Monday, Jan. 14. The following night has also been scheduled as a budget discussion night. Loss of revenues could force Town into huge tax increase Continued from pg. 1 Ward 3 Councillor Moya Johnson recently requested Mayor Rick Bonnette send a letter to the Ontario legislature supporting an MPPs bid to ban smoking in cars with children under age 16 as passengers. Council approved the motion. According to an Ontario Medical Association letter to the Town, research has shown that exposure to second-hand smoke can be 23 times more toxic in a car than a house because air circulation is restricted with- in a confined space. The OMA says children exposed to second- hand smoke are at higher risk of asthma, bron- chitis, pneumonia, sudden infant death syn- drome and increased incidence of cancer and heart disease in adulthood. Town backs MPPs bid to ban smoking in cars ED DeSOUSA

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