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The Norway: floating vacation resort In the recent Federal Budget, the goezermment has eliminated the $100,000 Lifetime Capital Gains Exemption, as it relates to real estate purchased after February, 1992. This change does not affect the exemption applied to principal residents or real estate used as an active business which are not subject to capital gains. For properties purchased before March, 1992, only capital gains accruing up to the end of February, 1992 will continue to be eligible for the exemption. For example, a property is bought in December, 1988 for $150,000 and sold in February, 1993 for n May 1960, she left the shipyard at Built at the end of the great transâ€" Chantiers de 1‘ Atlantique and was _ Atlantic liner age, the France was in serâ€" christened the "S.S. France". vice only during the ‘60s and then mothâ€" Purchase: * $150,000 December 1988 ~ Travel with Cruise Holidays‘.;: apital Gains Exemption _ Qflfl[lfllfifiw : Property Owned forâ€"Total of 50 Months $100,000 Capital Gain Advertisement _ $250,000. The total capital gain is $100,000. The property was owned for a total of 50 months, with 39 months being prior to March, 1992, the effective date for calculating purposes. Eg: Effective Date Disposition .Date: ‘Exemption .Sold:, Expires $250, 000 CapitalGains Eligible for Exemption: $100,000 x (39/50) = $78,000 balled until she was purchased, refurâ€" bished, and rechristened in 1980 â€" to become one of the world‘s great cruise ships "The Norway"! In 1990, she underwent the first phase of a major refit that added two entirely new decks with 124 new suites and staterooms, a 6,000â€"sq. ft. Roman Spa, a glassâ€"enclosed fitness center, and a 360â€"degree jogging track. @ ® _ 293 Lakeshore Rd. E., Oakville 338â€"1441 _ ie 3 Fme Gifts » Custom Orders e Repairs _ _ European J ewellery * Layaway » Oneâ€"ofâ€" aâ€"Kind Design _ GREAT PRICES! ' PREMIUM JEWELLERS N WATCH FOR IT! © @ OUR ONE DAY CRUISE SALE IS COMING ... wsk En sn ons SUNDAY, OCTOBER 10, 1993 pacE z2o You‘ve Got Some Roval Caribbean Coming: ‘Don‘t book your Cruise until you check with us‘ Saturday, October 16 with Caribbhean OAKVILLE THE BAY â€" OAKVILLE PLACE â€"(905) 8424192 _ Originally built as a multiâ€"class ship, "The Norway" offers one of the widest assortment of suites and staterooms with a similar range of fares. From about $5,000 Cdn. per person for the Owner‘s suite down to just over $1,000 Cadn. per person (including air transportation and transfers), for a Category 12 inside cabin with an upper and lower bed, everyone can find accommodation on this ship for a week. "The Norway" is the largest cruise ship in the world! At 75,000+ tons and over 1,000 feet in length, this ship has 11 public decks and boasts many public rooms. You can order a drink from a dozen bars, eat in the Leeward or Windward Dining Rooms or at the Great Outdoor Restaurant on International Deck and 24â€"hour room service is available. An extensive variety of sports and activities will keep all ages as active as you wish on your cruise! wraps, steam, sauna, Jacuzzi, and a speâ€" cial aquacise pool â€" all wrapped in marâ€" ble statuary and soothing music! Entertainment on "The Norway" is among the best in the Caribbean. The 720 passenger main showroom, the twoâ€" storey Saga Theatre, offers three major shows each week including their new Broadway Show â€" ‘The Will Rogers Follies‘. Dance the night away to the music of a live orchestra in the Club International Lounge. We all take cruises to go to exotic places. "The Norway" is a destination all by itself! The Roman Spa is magnificent. Shiatsu massage, aromatherapy, body Submitted by Bob Kerby, Cruise Holidays, 338â€"2077. OAKVILLE UPPER OAKVILLE SHOPPING CTR. 845â€"6674 10 A.M. â€" 6 P.M. 842â€"3934 10 A.M. â€" 5 P.M.