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THE OAKVILLE BEAVER Mar. 30, 1994 Semar Citizens Newsletter keeps mind and body active iâ€"â€"My Oscar for this spring‘s best coffee table read for the 50â€"plus ‘crowd comes in 58â€" â€"pages between : soft pink covers. A bombshell handâ€" +book of wit, comfort, and usefulâ€" iness to keep us grayhairs perky and busy through midâ€"summer. Thanks, Nancy Stanley and Judy tLilly, for turning it out, your Oakville __Senior __Citizens Newsletter, bearing our local Parks/Recreation logo up front. Let big city editors eat dry crusts with their glamor art and pricey hacks. They‘re on the bottom of our April mustâ€"read stack. You‘re the tops! "Last night, a large hole was made in the fortyâ€"foot high fence Cottage Oakville‘s Scottish Shop â€" QUALITY SCOTTISH IMPORTS Kilted Skirts » Gifts »Ghillies «Custom Kilts Knitwear Bagpipe Acc. Tapes +CDS+ Videos â€"Scarves «Ties Stop In For Great Year Round Value 10 Miller Mews, 129 Reynolds St. 849â€"1 125 SHERRY CHRIS BROKER/MANAGER INTHEPAST 12 MONTHS 22 NEW AND EXPERIENCED SALES REPRESENTATIVES HAVE CHOSEN TO JOIN OUR ROYAL LePAGE OFFICE AT 251 NORTH SERVICE ROAD WEST. ARE YOU THINKING OF A CAREER IN REAL ESTATE SALES? OR THINKING OF MAKING A CHANGE? CALL ME TO FIND OUT WHY 22 REAL ESTATE PROFESSIONAL SAID surrounding an exclusive nudist camp," Nancy and Judy tickle us on page 9. "The police are now lookâ€" ing into it." An impish throwaway spaceâ€" filler? Ah, mais non. Their crafty ploy to trick us into the guts of the Newsletter‘s current issue. Hard facts, 21 solid pages of them, about spring registration week, April 5th to 8th, for oldsters keen on busy selfâ€"enrichment. If you‘re not already one of us, pick up your Newsletter at the Seniors Recreation Centre, 263 Kerr, or Sir John Colborne Centre, 1565 Lakeshore West. Buy a $5 annual membership (age 50 to 79, free 80 and over) and it‘s yours. Then sign up for your picks, some free, some modest fees. _ SMORGASBORD A smorgasbord to water your mouth. Bridge, embroidery, calligâ€" raphy, ceramics, chess, or clogging. Things you knew about but never FACULTY OF SKILLS DEVELOPMENT AND APPRENTICESHIP Would you like to work in a senior‘s facility or in the community, assisting residents to meet their basic emotional, social and physical needs? If so, Sheridan College can provide you with the training, through the following fullâ€"time program: HEALTH CARE A Start/End Date: May 9 to September 30, 1994 ‘Cost: $25.60 per week (payable in seven threeâ€"week blocks of $76.80), plus $100 materials fee. Location: Contact (905) 4600 Burlington Campus, 3055 New Street © SsHERIDAN C O L LE C E CORBETT‘S SKI SHOP 120 Speers Rd., Oakville 845â€"1561 ALL THIS WEEK! 50% OFF AlL SKI EQUIP. _ GpP" ______ SKI WEAR tried. Or new unknowns to explore. "Clowning around," they entitle one. Skits. Magic tricks. Great stuff for heroics amongst the grandkids. Choir, lip reading, memory trainâ€" ing, pottery, arts and crafts, swimâ€" ming, rug hooking, tai chi, carpet bowling, floral designs, dancing (all sorts), euchre, fitness, hand embossâ€" ing, harmonica. Much more. A docâ€" toral course to make growing old worthwhile for us so afflicted. My choices are no secrets. Getâ€" evens to make up for past flops. Walter Mitty resurrected. It‘s not too late, friends. "Instruction in oil" â€" for examâ€" ple, instructor Virginia Stevenson, cost $27. I‘ll sign up, triggered by my long ago catastrophic oil of the old family mansion. Sunâ€"broiled hours at frontâ€"yard easel. Lawn aâ€" smear underfoot in molten oils run amok. At the unveiling, beloved "32" unrecognized. "What is THAT?" Maddy hissed, to the gang‘s thunderous hilarity. Virginia, bail me out! For bilingual atonement, I‘ll turn to Marguerite Broton. "French Conversation", cost $16. Ten years heavy duty schoolâ€"cumâ€"university French immersion allegedly armed me to host radio CFGP‘s new Sunday show en Frangais for North Country coureurâ€"deâ€"bois descenâ€" dants. It died at birth. "They don‘t understand your gibberish," snarled Cecil Berry, the allâ€"English statio manager. Aidezâ€"mois, Marguerite! At $18, Bill Tibbs, Colborne; 0 $20, Jim Gracie, Kerr; may wish fo more prohibitive fees when I show| up for their "snooker lessons". My allâ€"time Arctic and Eskimo pool: rooms‘ loser titles still stand aftei 60 years. "Fumble Cue" was m Dick Tracyâ€"style monicker in those hellish adolescent dens. Will yo undo the horse collar, boys? And line dancing. Migod, dd they know what they‘re taking o for "$0.25 per day"? Father inâ€"la Big Ern was Big Sky Country‘ ranking hoeâ€"down caller. To him, J was "Tanglefoot©"" Never did catc on. Over to you, Monica and Ed Stafford, Joyce and Bill Betty! Ah, my pinkâ€"covered Seniors Newsletter Laden with memories Jamâ€"packed with comeback lures I‘ll be there registration week. Wil you? Martin Kosterman e What kind of caution should I exercise when trying to avoid Probate e costs? Probate fees in Ontario are now $5.00 per $1,000.00 of estate value for the first A ® $50,000 and $15 per $1,000 thereafter with no maximum. The former fee structure ® was limited to $5 per $1,000 of estate value. Some cautions are in order however: NONâ€"REGISTERED FUNDS Ownership on GICs and mutual funds are now more frequently made joint with right of survivorship so that if one owner passes away funds will pass outside of probate to the remaining joint holders of the investment. 1. CDIC coverage combinations with one institution will be reduced if all registrations are in the same joint names. (ie: For two people limit would be $60,000 rather than possible $180,000) 2. Joint registrations, especially with children will reduce flexibility and control of Investments. (ie child falls out of favour; some companies want joint agreements signed by all parties) 3. Ensure that proper income tax reporting procedures are followed to avoid attribution problems. REGISTERED FUNDS With registered funds (RRSPs, RRIFs) naming a beneficiary within the plan will allow proceeds â€" YES THAT‘S ALL SKIS, BOOTS, ~â€" YES THAT‘S ALL SKIS, BOOTS, BINDINGS _ SKIWEAR, ACCESSORIES MORE. YES! TO ROYAL LePAGE INTHE PAST 12 MONTHS AIM HIGHER! ES | [ 1111011111111 ROYAL LEePAG ooo i)) 1011111 ~ Royal LePage Real Estate Services Lid., Broker 251 NORTH SERVICE RD. W., _ OAKVILLE 338â€"3737 Y Kb ’/00 The New GERSHWIN Musical Comedy GOOD SEATS AVAILABLE EASTER WEEKEND â€" ORDER Now | ROYAL ALEXANDRA THEATRE, TORONTO FAMOUS NAMES! SALOMON SKIS, SALOMON BOOTS, NORDICA BOOTS, SPYDER CLOTHING MUCH MORE! DON‘T MISS IT! idb SKI SHOP CLOSED GOOD FRI. EASTER SUNDAY souRCE FOR SPORTS A MUSICAL TO STIR THE SOUL AND ToUuCcH THE HEART y PRINCESS ONP WALES THEATRE AMERICAN EXPRESS FRONTâ€"OFâ€"THEâ€"LINE HOT LINE FOR CHOICE SEATING CALL 872â€"5464 to pass to the beneficiary, outside of probate, upon the planholders demise. Be very cautious, however, of the potential income tax repercussions for your estate. If the named beneficiary is a legal spouse or disabled dependent child, a tax free rollover is permitted to an RRSP or RRIF in the beneficiaries name. Probate is also bypassed. If any other type of beneficiary is designated ie, a charity, nonâ€"legal spouse, funds will pass out of . prabate to the beneficmry however the estate will be left with the tax liability since a tax free rollover is not pemmted in this case. Tax liabilities can be as high as 50% of the RRSP or RRIF value with a maximum of 30% withheld at source by a financial institution. If the estate does not have any liquid assets with which to pay the tax liability, the executors and heirs may have to dispose of other assets such as the family home to raise funds. (the beneficiary may refuse to part with any of RRSP/RRIF proceeds) In situations where an individual wishes to pass registered funds onto someone who is not eligible for a tax free rollover, it may be prudent to name the estate as beneficiary and let the will provide for funds allocation after all taxes and fees have been paid. Probate fees will apply in this case but it may save a lot of grief for the heirs. In all cases legal advice should be obtained when determining registrations or beneficiaries. | Your Age Group [_]20â€"29 DSO-SQ Please answer these questions: [_]30â€"39 D 60 plus I }? How often do you dine out? [_]40â€"49 D Never D Often D Occassionally