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PageiéReabEstate This Week, Wednesday, May 26, 1993. The Great Tax Grab of 1993 - Implications, Situations, Actions By George Perdue, B. Sc. P. Eng. Well, well, Floyd has pre- sented the latest plan and guess who has to pay? Some things never change. As I write there is criticism from most every sector. However, the Canadian dol- lar has firmed, bonds have strengthened, the market is up, and interest rates seem Poised to go down. Individuals get to -pay more income tax and an increased surtax. The real kicker is that the tax is retroactive to January. This means that those already strapped for cash will have to find a way to pay doubled up taxes for the rest of the year. Retailers feel that this cash shortage felt by individ- uals will hurt their sales lev- els at a time when they are not exactly healthy. Companies with employees are being taxed for employee benefits and having some tax writeoffs decreased. What is a company to do? First, they will not be anx- ious-to add people to the payroll — make jobs. Secondly, they will be look- ing to reduce benefit costs. Finally, they will move to employ temporary services. This will add to the already burgeoning ranks of the self- employed sole I t: ts in dividend What is an individual to do? For those already strapped for cash they will have to tough it out, or get a part-time job, or become self employed for tax, benefit, and expense reasons. Yes, the underground economy of cash deals and barter will grow. For those with a positive cash flow they will move to decrease taxable income, to defer taxes, to make rage bearing securities will yield income with a tax prefer- ence. Investments in items that are likely to produce capital gains are already very popular since the stock market is rallying as the technical recession has end Our next seminar is timely and deals with making capi- tal gains. John Boeckh, Vice President of AGF M t will present with a tax pref obtain tax shelters, and 4 realize capital gains. RRSPs, limited partner- ships, and other leveraged investments and business ventures will reduce taxable income. RRSPs and invest- ments with capital cost allowances will defer taxes. “Risk is a Four Letter Word” with us on May 26. Call our office to reserve your seat. George Perdue is a Financial Planner, Business Consultant, and Partner in Money Concepts, Halton Hills. He can be contacted at (416) 873-1877. Sales Rep. Res, 416-873-8518 WILDWOOD REALTY INC. GEORGETOWN OFFICE REG COOPER Sales Rep. Res. 416-877-9458 Sales Rep. 1-416-553-5414 ~ 454-8706 ~ ~ 873-4321 ~ ES DUTCH STAN DALLI premahtanod 2 sory bik home on a qu ste he wet se of CH CLEAN bedrooms, 1-172 1902 SCOTTISH FIELDSTONE HOUSE Looking graciously over a large, beautiful landscaped lot. $164,900. ‘New gas fumace. Oak-framed bay window in ‘Wg room. Many extras, Joe Ukes* (416) 873-8518. WW-209 ~ OPEN HOUSE WEEKEND N SAT & SUN 1:30 - 4:00 OPEN HOUSE WEEKEND SAT & SUN. 1:30 - 4:00 ¥ aa nal stained glass windows. Call Stan at 873-4321 or toll-free pager 1-416-553-5414. Dalley, Sales Associate | REAL COUNTRY LIVING... 2 FOWN: WATER TAND PAVED ROAD inditioned bes — with aon paras pools om res oar 2.13 ACRES - i500, wt bic pce, ema ig om, al bedrooms, 1 1/2 baths. Broadioor with wall to ceiling stone theplace, free much more. Over 4 40 ailon on a4 ww. 23x 21 : acre. Call Bruce, Broker. Asking $279,900. 8, For more information, calt Joe Utkes, 873-8518 WW-195 WORK AT HOME ane us Tera Cotta pid Peper es setting on River. Spacious hom dear gar- én ‘tee plus heated Woning Cal Stan* 1-416-553- COUNTRY LIVING - $152,500 Comfortable, cozy bungalow on. one gorgeous acre. Towering evergreens, woodburning fire- place in living room, sliding door walkout to shel- tered deck. neue ee oe Better pts Ask for Dave or ae HARDWOOD BUSH 12.9 ACRES - $225,000 Edge of town location - surrounded by Sheridan Nurseries, paved road, and snd} close to Golf club make this.a perfect 5 | location - Call Bruce. WW-178 PLEASURE IN THE PARK Custom m (McNay bul) spi vel ak condoned tome manicured 1/4 acre comer lot in the park. This 2,200 sq. ft. welk mata has wall to wall stone replace in li hhuge eat-in kitchen overlooking family room & garden, large bed foams + 21ul bats, Makip Bray, coal cane, School, cur 1nd shopping, Asking $214,900. Call Bruce*** 208 + | oversized enone. 1-1/2 me eacoot m throughout, lots of SQUEAKY CLEAN LISTING - ASKING $159,900 4 becroom home in the Vilage of Eri, brick and aluminum, anne testa To er ie Joe, Sales Rep. ‘or dette. pins 8. wWw-1 adem | dream home - Buried hydro already in. us ing ga flor plan, central an Zoe te rack ca. You deserve it! WW-201 fee a FABULOUS 13 1/2 ACRES - $189,900 CLOSE TO TOWN - Secluded acreage with pond, trees, and ready for your Call Stan 1-416-553-5414. WW-210 IT'SA ys) DAY WHEN WE INCOME WITHOUT SOMMUTING fea country store needs enthusiastic new ow Income trom 5 apartments, store and post a attice. Property inclu i 2 separate buildings in good condi all Reg Cooper for details, 8774 3 A CLIENT"