The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

Removing political party subsidy is good financial sensendividual investors can celebrate that will improve. By no means does that implygreater power. after the June 6 federal budget, the federal that the parties do not have intelligent employ-Those financially astute individuals will Ipolitical parties will have to join the real-Dollarsees and volunteers working for their cause. have a better ability to help Canada achieve ity that we face.But rest assured, the culture will change if the social programs we want but in a way that They wi&ll have to become financially self-parties want to compete in a subsidy free era. is financially sustainable.sufficient. Financial Literacy will suddenly Parties that can operate in a more finan-The elimination of the political subsidy is Sensebecome an important component for their cially prudent way will have a competitivean excellent decision. Democracy and finan-political success.advantage.cial reality will be more closely aligned.By Peter WatsonFinancial literacy is a term we often hear The beauty is that our politicians willChalk this up as a win for democracy. when referring to our children.empathize more with the financial realitiesCanadians will be better served.Many support the idea that our educational that most of us face. And that is a good thing. Submitted by Peter Watson, MBA, CFP, system should provide fundamental training strengthened our democratic system.Will it be difficult for the politicians? Yes.R.F.P., CIM, FCSI. In 1991, Peter founded in important financial matters.The subsidy removed the necessity for rely-They will have to develop better financialPeter Watson Investments in Oakville. Peter My opinion is that motivation is a key ele-ing on ones own fund raising ability. Thatskills in both raising and spending funds.can be reached at 905-842-2100 or visit the ment to learning. If a child is given all they made them different from taxpayers who earnIndividuals with financial skills will bewebsite at www.peterwatsoninvestments.want then budgeting and setting financial their own funds and from companies thatmore valuable and likely assume positions of com.priorities is not a skill they have to develop.have to generate revenue in order to stay inThis is true with adults. Motivation is the business.key. This is true about our politicians.Political parties do raise money. However,Many Canadians want their political lead-that just gives them additional revenue aboveV cto i D ers to be more fiscally responsible.the automatic funding they get from taxpay-Part of the reason there is such a large ers.EVENTdisconnect between the citizens and the gov-Federal Finance Minister Jim Flaherty has5Piece LivingRoomernment is how we perceive the spending of confirmed that the June 6 budget will elimi-Includes Sofa, Loveseat,CocktailoreMTable&2EndTablesleour tax dollars.pnate the $2 per vote subsidy over the next fouroepeMeASHLEY DIRECT PRICEsrcerMochaoohcAnd that is about to change for the good.!years. That will save $27.4 million dollars per$99yelhs90" SofaA$99During Prime Minister Jean Chrens ASHLEY DIRECT PRICEyear.4491199years in power, the federal government intro-Canadians win on two counts. The first andduced federal funding for federal political par-the obvious is the savings. We all realizeties. Each party would be given $2 per vote money is tight. Any government savings isthey received in a federal election.welcome.That provided them with the funds needed More significantly, it will encourage ourto run their party.politicians to be more financially motivated.Some would argue that the funding My prediction is that their financial literacyHT 9EN JUSDNE!DEDNETXE%%OFFOFF10 15 ANY FURNITURE ANY FURNITURE PURCHASEPURCHASE$$$$upto 699-999of1000-1499OR%OFF20 36ANY FURNITURE FREE FINANCINGPURCHASE*$FOR 36 MONTHSof1500or more0 Dr.40d 7Chancellornal RoaRegio407Regional Road 7407MississaugaStoney CreekWoodbridge 4561 Hurontario Street, Unit #2410 Lewis Road and the South Service Road 7979 Weston RoadSouth East Corner of Hwy #10 & EglintonLocated in Stoney Creek Decor Centre Located North of Highway 7next to Stoney Creek Furniture>OFK?COFIFNMM?CJJFJ>LJM?CIOFFNMM?COHLFMonday to Friday 10am to 9pm>OFK?CJLJLNLL?CJLJLMonday to Friday 10am to 9pm Saturday 10am to 6pm Monday to Friday 10am to 9pmSaturday 10am to 6pm Sunday Noon to 5pm Saturday 10am to 5:30pm Sunday Noon to 5pmSunday Noon to 5pm *On approved credit.An administration fee of $89.99 is due at time of purchase.Sales taxes and delivery charges are due at time of purchase A$21 annual membership fee may be charged to your Account subject to certain conditions. Financing provided by CitiFinancial Canada,Inc. and is subject to all the terms and conditions in your cardholder agreement and the credit promotionalplan disclosure statement (collectively the AccountAgreement). Finance Charges will not accrue on the purchase during the credit promotional period of 36 months if the requiredminimum payment is made each billing cycle during the credit promotional period when due. The purchase price is divided by the number of monthsin thecreditpromotionalperiod to determine equalmonthly payments to be made during the credit promotionalperiod. The terms ofthe creditpromotional planwillterminate if you default under your AccountAgreement.On termination or expiry of the credit promotionalplan(or for purchases that are not part of the credit promotional plan), the standardAPRof 29.99% and the terms of the regular credit plan willapply to alloutstanding balances owing.This offer is valid up to and including 06/09/11, cannot be used for previous purchases and cannot be combined with any other offers, promotionsor special incentive programs.Certain terms and conditions apply.See store and AccountAgreement for further information. Percentage off cannot be combined with any other offer and is not applicable to bedding. Previous purchases excluded.Cannot be combined with any other promotion ordiscount.!iscount offers excludeStearns FosterImattresses,Noor models or clearance items, sales tax,furniture protection plans, warranty, delivery or service charge. S""STOR"FOR!"TAI)S.Although every precaution is taGen, errors in price and/or specilcation may occur in print.We reserve the right to correct any such errors. HomeStores are independently owned and operated. 2011 Ashley HomeStores,Ltd. Expires06/09/201115 Thursday, June 2, 2011 OAKVILLE BEAVER www.insideHALTON.comMONTHSdWeston Roa