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MuUuTtuaAL FuNDS:? Wondering if you made the right choice? ' For a free, objective analysis of your mutual funds â€" or for help in making the right choice before you buy â€" call Nesbitt Burns today. Nesbitt Burns â€" working in your best interests. THE OAKVILLE BEAVER Friday, December 16, 1994 â€" 28 Region business br The Business Development Department of the Region of Halton has received an award from the Economic Developers Association of Canada for its Starting A Small Business in Halton brochure. The awardâ€"winning publication "is a quick and handy reference to 18 different services and local govâ€" ernment offices serving Halton‘s small businessâ€" comâ€" munity," said Kate Johnston, business development officer for the Region of Halton. "It is an indispensible tool for anyone considering opening a business in Halton as it provides all the necâ€" essary information for getting a business started," said ~ * T9. ] ochure wWIns awal Johnston. "This prestigious award is very gratifying for staff in the business development department," said Brent Kearse, executive director of business development. "We believe we provide a very effective service to small business in Halton and this award confirms that others believe the same." ¢ Anyone interested in starting a small business is invited to drop by the business development department to pick up their free copy of this brochure as well as to ~ browse through the small business selfâ€"help resource library. Tax hikes won‘t solve deficit problems / n today‘s column, I would like ||__ to play devil‘s advocate. . â€" spending and that is the area that should be corrected. Politicians are Call: Your Nesbitt Burns Investment Advisor 815â€"0090 NESBITT BURNS Member of the Bank of Montreal Group of Companies KNOWLEDGE E POWER The subject is the Canadian fedâ€" eral and provincial debt that now amounts to approximately $700â€" billion. More specifically, I would like to address how to eliminate the * debt. There has been much speculaâ€" tion recently that the government is eyeing RRSP and pension assets as a lucrative source of additional revenue. This started a year ago and has, once again, resurfaced in the news. Another potential source of govâ€" do e e se ole se ole ole se e ole oi oi ole se ie ole oi se ol ol ie oie oie oie oo se ote oo ie ote oie ie ie se ohe k Look Out World! Here Gomes Gablenet‘s few V Your Cablenet channel lineâ€"up is changing to make room for 8 new specialty channels. Watch for your new channel lineâ€"up and your copy of The Viewer‘s Guide to Cablenet‘s New Variety Pak â€" your handy guide to the new channels and programs coming January Ist, 1995. Tune in for a preview of the new channels after ~December 15th. riety Pak! _ SERVICE lb 4t FOR ifi L SH l 333â€"5522 e se se ol ote che ote ie ote ste ste ote ie ote ote ste ste oie ote ste ste ob ste ste se ol stt ste ie ste ce sie se t t cte se te k t k k k imposing an estate tax. Currently, there is a twoâ€"tiered probate tax with the highest rate only 1.5%. If the government increased this rate, it could collect hundreds of billions of dollars. Taxpayers argue that the real problem is with government overâ€" GENERAL PAINT Paul A. Senov (M.B.A.) General Paint Ltd. is pleased to announce that Paul Senov has been appointed President. Most.recently, _Paul was President of Management Prophets Inc., a management consulting firm specializing in the retail and food industry. Paul‘s other experiences include more than a decade with Canada‘s leading food distributor and retailer, including Senior Vice President of Operations and Merchandising with Zehrs Markets of Cambridge, Ontario. General Paint has an 84 year history and is the leading architectural paint manufacturer in Westerm Canada, headquartered in Vancouver. The company operates a chain of 74 stores in all major centres throughout Western Canada. Manufacturing is located in Vancouver; distribution in Vancouver and Calgary. General Paint is owned by Williams Holdings, a company publicly traded on the London Stock Exchange, with global interests in consumer and building products, including paint and wood care, fire and safety equipment, security and electronics. Take some time to visit Ross Dixon Financial at 151 Robinson Street, Oakville or call, David Whiting and Jack Meinen at (905) 815â€"1325. The office is OPEN TODAY for all your financial planning and investment needs. ce FINANCIAL SERVICES Invest with people who invest in you. aware of this and, recently, the House of Commons Finance Committee proposed $8 of spendâ€" ing cuts for every $1 of tax increases. That is a step in the right direcâ€" © tion; however, we are going to require some fairly major changes if we hope to eliminate the debt. Our problem is threeâ€"fold: we have to continue to run the country; reduce the debt; while in the meanâ€" time, we have to pay huge amounts of interest on the debt. There just isn‘t enough money to go around. Taxpayers argue that the misâ€" management of our country is the fault of the government and, thereâ€" fore, feel that government efficienâ€" cies should be the cure to this * problem. Any additional tax would not be acceptable. That brings up the essential question of who is running this © country? £ At what point do the citizens of Canada take the ultimate responsiâ€" â€" bility for our decades of mismanâ€" _ agement? In a true business sense, we are the shareholders of our great country and politicians are our elected senior management. If senior management fails to do its job, then it is the shareholders‘ responsibility to make the approâ€" priate changes. Under that sceâ€" nario, the mistakes that we have made, for so many years, in allowâ€" ~ ing our debt to get out of hand are ultimately our responsibility. My opinion is that we have to change the overspending habits of all levels of government and only increasing taxes at this time is just prolonging the inevitable changes that must occur. If we assume responsibility for our financial mess, then you could make a strong case for taxing RRSPs, pensions, and estates. This is the cost we have to pay for allowing our government to overâ€" spend on services we demanded in the past. Peter Watson, MBA, CFP, RFP is the president of Peter Watson Investments Limited â€" an Oakville firm specializing in retirement planning, RRSPs, and investâ€" ment planning. He can be reached at 842â€" 7602. Services wnere w mm i i i n i cmd A