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Page I THE H ALTON HILLS Saturday October ISM KITCHEN ENTERTAINMENT The tin Bully under- 1 hecabinet tuning valuable counters pate Art investment should give pleasure The whole point of investing in art like investing in anything else is to make money Eventually So if you re thinking about star ting an art collection as an invest there are some things you should know at the outset First forget all about picking up a grime covered early A Jackson that no one else has spot ted for at a Saturday sidewalk sale You might of course but you re more likely to win in the lottery So be realistic and decide how much money you want to spend When it comes to art a high price doesn t guarantee a sound in vestment Sometimes just the reverse But good art doesn t have to be expensive In fact the of many reputable Canadian ar tists are available at very reasonable prices in the and upwards range By far the easiest and least ex pensive way to get your art collec tion going is by buying what s known as limited edition Such prints are still original art but much less costly than an oil painting the same artist But before rushing out to the nearest dealer it s as well to keep two pie rules m mind Buv what you like and buy the highest quali tv art you can afford Both make sense So you know own tastes and know how much you can spend Are vou ready to start collec lion Sure you are But what con good art investment Who s to say But a few guidelines help to keep you on the right track Your art acquisitions should not only be profitable thev should give a lot of personal enjoyment as well After all you re the one who has tolivewiththem For CA advice on TV see Your Wealth available on broadcast channels in Ontario and on satellite across Canada or see Money in the Bank on your community cable channel Is general financial advice bv Canada chartered Sonia Zimmerman is in practice in Toronto Know your tax act By RON DUNNE When most people think of in vesting they usually have in mind such things as stocks bonds and real estate which have well known tax advantages spelled out in the In come Tax Act What the Act calls personal pro perty your house cottage car and boat for instance generally do not have the tax benefits of such in vestments though your principal residence has its own considerable advantages However there is a subcategory under personal property that the Act calls listed personal property not only lax ad vantige over girden variety in vestments but a good deal of per soml well including paintings prints etchings drawings and lections sculpture jewellery and rart fol and books gets prtferred treatment if there are capital losses With the adjusted cost base roughly the cost for tax purposes when the property is sold is actual cost or Si whichever is greater The Act also states that if there is a loss the proceeds from the sale are considered to be the greater of the actual proceeds and Suppose you bought a painting for 10 the artist did not become successful and it is now worth If you sell it the actual capital loss is 9 Under the LPP concept however the loss is con sidered to be minus 1 and this is deducted from your capital gains on other listed personal property If your capital gams on LPP total you sub tract the so that the capital gain becomes instead of 100 if you had the same loss on shares It very important to note that LPP losses are only deductible against gains in addition LPP losses can only be applied against i LPP gains of the current year the previuos three years and the follow seien taxation year Other capital losses on investments can be carried back three years and for ward indefinitely is general financial ad vice Canada chartered It Dunne is a partner in the com modi tax department of Ernst and Bring in the outdoors Women do home repairs Some men nnv not want to admit it but a woman place s no longer in the home It in the workplace so much so that women now make up the majority of the work force almost per cent Many of these working women are single widowed divorced So they no longer need or want men to make home repairs What they do depend on however are looks that get the job done So how well the tools work is more important than how good they look RULES FOR TOOIS Some tool manufacturers recognize this One of them Cooper Tools offers the following rules for tool selection Buy high quality tools Cheap versions more often than not prove the adage about getting what you pay for most are unrelnble knucklebusters Buy tools that feel comfortable Before you pay for the tool handle it Is it too heavy Is it well IS ESSFNTIA1 Buy a pair of safety glasses or gog and good work gloves for your tool kit It a good idea to get into the habit of wearing safety glasses and gloves whenever you work with tools especially hammers and other striking tools Keep the tools clean by wiping them with a coat of light oil before replacing them in the tool box or hanging them up on the peg board When it comes to specific tools CooperTools recommends a 16 ounce hammer as the most useful for chores around the house a set of screwdrivers with cushion grips for better comfort and higher torque i e the force required to turn a screw one good adjustable wrench rather than several open end wren A 10inch adjustable wrench that opens to one and oneeighth inch is large enough for most repairs in eluding leaky faucets MEASURING UP Finally any tool box is incomplete without a retractable measuring tape for most home uses a 20 or 25- foot rule is adequate Natural gas used to power buses THE TREND TO LIGHT KITCHENS include introduction of new white appliance such at Designer White Selective- wall oven compactor and e controlled mm well refrigerators The compactor and refrigerator are abown with front panda to match tbe lightfinished cabinets Using public transit in an ex cellent way to cut down the number of vehicles blowing pollutants our environment But even public transit can stand some improvement and today it finding that improvement in the form of cleaner natural gas buses NATURAI GAS BUSES TRIFDANDTRUI- Currently about percent of ur ban smog is attributed to motor vehicles However there is something that can be done Using natural gas buses in place of tradi diescl powered buses can greatly improve air quality by reducing carbon monoxide nitrogen oxide and harmful par emissions as well as odour and black smoke Natural gas buses can also help cut down noise pollution because they operate more quietly and smoothly than diesel buses Cities such as Ottawa Montreal Toronto Vancouver and Hamilton have already begun to integrate natural gas buses into their public transit fleet or are us ing natural gas buses on a test basis HOMEGROWN Technology is now available to produce buses designed from the ground up to operate solely on natural gas The first natural gas dedicated bus in the world the was recently unveiled by based Ontario Bus In dustnes The Toronto Transit Commission is currently testing the Onon on the streets of Toronto Results have been extremely encourag says spokesman Doug Kennedy including greatly reduced emissions and no black smoth or odour Our drivers too are pleased with the vehicles reporting that they are much quieter and more powerful than diesel buses In addition to operating dedicated natural gas buses Iran sit companies and fleet operators can convert existing buses to run on natural gas These vehicles can make a significant contribution to reducing air pollution caused by damaging exhaust The Canadian Gas Association has extensive Information on natural gas transit and the role can play In reducing environmen tal pollution a free brochure on he benefits of natural gas call a tollfree information at lMMSft1583