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The recycled glass fibers and fillers will be marketed through Owensâ€"Corning. A major producer of raw materials for the composites industry, Owensâ€"Corning is the world leader in glass fiber production. The company participates in the polyester resin market through a joint venture named Alpha/Owensâ€"Corning. (Continued frompage 27) Jenks has been names general manager of Phoenix Fibreglass in addition to his responsibilities as viceâ€"president of Composites at Owensâ€"Corning. "This challenge is exciting for me, and I look forward to working with Phoenix Fibreglass to revolutionize the way our industry deals with waste," said Jenks. Recycled fibres to be marketed by U.S. firm The tax advantages are the second area of concern. On a $5,000 investment, the federal and p royv in‘c tal governments will grant a tax credit worth $1,000 each, therefore, the Added to this is the fact that you have to hold your investment for five years, if you want to receive the full tax advantages. Also, â€" mutual funds are not permitted to invest more than 10% of its fund‘s assets in an illiquid investment. The labor funds have no â€" limitations, therefore, the labor fund is potentially less liquid. (Continued from page 26) investment will have less diversification. Tax benefit is risky A touch of class! Threeâ€"bedroom beauty on Deyncourt Drive. Refurbished windows â€" nearly new furnace and roof plus a host of upgrades. Offered at $249,000. Please call ED MASOTTI, Broker or BONNIE YOUNG, Sales Rep. at 637â€"2376. ED MASOTTI REAL ESTATE LTD., REALTOR. lasl The problem with this logic is that the RRSP tax advantages â€" are available on better quality and less risky investments. Any prospective investor should separate the labor fund tax advantages from the normal RRSP advantages. Very few investors would take this kind of speculative risk with only a $2,000 tax advantage. But because these funds qualify for your RRSP, the RRSP advantages can be combined with the government tax credits so that a $5,000 investment for an Ontario investor could cost as little as $341. afterâ€"tax cost of the investment is only $3,000. Peter Watson, MBA, CFP, RFP is the president of Peter Watson Investments Limited â€" an Oakville firm specializing in retirement planning, RRSPs, and investment planning. He can be reached at 842â€"7602. When it comes to investing in labor sponsored i n v‘e s t m e nâ€"t funds.;..buyer beware! Commission â€" 18 concerned that few investors will understand the true risk of this type of investment. He is contemplating ways that will ensure salespeople clearly outline to the investor all of the risks involved. Ed Waitzer â€" chairman of the Ontario Securities Country living yet close to town! Deceivingly spacious. 4 levelsplit, 4th bdrm, 2 famflg(ysorms 2 fireplaces, picturesque setting, pond. Offered at $269,900. 639â€"8004 24 ng racer Julie Grieve, Karla Phillips, Wendy Fennell and Kyrsten Home all second year visual merchandising arts students from Sheridan College, have been busy this week getting Oakville Place in the holiday mood. $214,900. Glen Abbey T.H. finished and decorated on all 3 levels. Walkâ€"out from lower level. 1202 LINDSAY DRIVE â€"Open House Sun. 24 p.m. $199,900. Spacious Great Gulf townhome. 2000 sq. ft. white kitchen. 1537 STATIONMASTER â€" Open House Sun. 2â€"4 p.m. $293,900. Reduced! Amazing value on 3500 sq.ft. due to corporate relocation. Home shows â€" like new! Oak floors, ceramics, more. $359,900. Originial Model Home w/140k in upgrades. 160‘ ravine lot, 5 bedrooms. 1129 LINDSAY DRIVE â€"Open House Sun. 2â€"4 p.m. $299,900. Stately 4 bedroom home backing onto Iroquois Shoreline Woods. 1715 PILGRIMS WAY â€" Open House Sun. 2â€"4 p.m. #1 In Canada for Countrywide (1993) Dan Cooper