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in si de ha lto n. co m O ak vi lle B ea ve r | T hu rs da y, Ju ly 19 ,2 01 8 | 10 oakville.ca Notice of Intention to Designate On July 9, 2018, Oakville Town Council resolved to pass a Notice of Intention to Designate the following property under Section 29 of the Ontario Heritage Act, R.S.O. 1990, c. O.18, as amended, as a property ofAct, R.S.O. 1990, c. O.18, as amended, as a property ofAct cultural heritage value and interest: Trafalgar Memorial 120 Oak Park Blvd, Oakville, Ontario Block 2, Plan 20M657, Except Pt 1 20R20154, Town of Oakville Description of Property The Trafalgar Memorial is located in Memorial Park, a Town-owned park which is bounded by Oak Park Boulevard on the east, Central Park Drive on the south, Georgian Drive on the west and Hays Boulevard on the north. The property contains remnants of the former Trafalgar Memorial Hall which was once located at the southeast corner of Trafalgar Road and Dundas Street. These remnants now serve as a war memorial for Trafalgar Township veterans of war. Statement of Cultural Heritage Value or Interest The Trafalgar Memorial has cultural heritage value for its historical associations with the former Trafalgar Township, the former hamlet of Trafalgar (also known as Post's Corners and Postville) and with veterans of war from Trafalgar Township. Dedicated in 2005, Trafalgar Memorial was designed and built as a war memorial recognizing almost 700 veterans from the former Trafalgar Township who served during World War I, World War II and the Korean War. The memorial also has cultural heritage value for its remnants of the former Trafalgar Memorial Hall building, formerly located at the southeast corner of Trafalgar Road and Dundas Street. During the demolition of the former building, materials were salvaged, including the stone material around the front entrance, red bricks, the steel lettering of 'Trafalgar Memorial' and a bronze plaque from 1959 which recognized the contributions of war veterans from the two Great Wars. The original stone frontispiece with signage was recreated on the new site and brick material was used to create low garden walls which mimic the footprint of the original hall. Six bronze plaques were installed on the memorial to commemorate the former Trafalgar Memorial Hall building, the new Trafalgar Memorial and the veterans of war from World War I, World War II and the Korean War. The Trafalgar Memorial is contextually significant as a reminder of the former hamlet of Postville and of the many local families who contributed to the war effort. It is also a reminder of the post-contact European settlement throughout Trafalgar Township and its rural and agricultural history. Any objection to this designationmust be filed no later than August 20, 2018. Objections should be directed to the Town Clerk, 1225 Trafalgar Road, Oakville, Ontario L6H 0H3. Any inquiries may be directed to Carolyn Van Sligtenhorst, heritage planner at 905-845-6601, ext. 3875 (TTY 905-338-4200), or by email at carolyn.van@oakville.ca. The last date to file a notice of objection is August 20, 2018. Learn about the new tow truck licensing by-law Coming to Oakville this fall The Town of Oakville will be implementing a tow truck by-law this year that will regulate towing prices and ensure that only licensed tow truck companies, drivers and vehicle storage yards operate in Oakville. Join us at our Information Session to learn more. Open House Friday, August 3 from 12:30-2:30 p.m. Sixteen Mile Sports Complex 3070 Neyagawa Boulevard Community Room #2 Why tow truck licensing? Tow truck companies provide an essential service in our community. Licensing will help ensure that residents have safe, consistent and reliable options after a collision or breakdown or when their vehicle is towed from private property. Accessibility If you have any accessibility needs, please contact Margaret Boswell at margaret.boswell@oakville.ca or 905-845-6601, ext. 3350 (TTY 905-338-4200) one week before the meeting. Questions? For more information, visit oakville.ca or contact ServiceOakville at service@oakville.ca or 905-845-6601. Proposed changes to how mutual funds are sold will benefit investors. After five years of study, the Canadian Secu- rities Administrators (CSA) propose prohibiting deferred sales charges (DSC) on the sale of mutu- al funds. Many investors don't understand how DSCs work. When a mutual fund is sold with a DSC sales com- mission, that commission is shared by the selling in- vestment dealer and the investment adviser. The commission can vary but it is often five per cent. If an investor purchas- es $100,000 of mutual funds, the commissionfunds, the commissionf paid by the mutual fund company is $5,000. That ef- fectively locks the investorfectively locks the investorf to that fund company be- cause if they withdraw their money within the next six or seven years they will be charged an ex- it commission. The exit commission is often six to seven per cent if the investor exits in the first year and declinesfirst year and declinesf steadily over the next sev- en years to zero. For example, if the in- vestor sold his investment soon after purchasing $100,000 of mutual funds, the mutual fund company would keep $6,000. Assum- ing the market value did not change during the time of ownership, their mutual fund sales pro- ceeds would be $94,000. There are two problems with DSCs. The benefit of having an investment adviser is receiving advice. Advice has value and therefore justifies a fee. Remunerat- ing an adviser based solely on a transaction, and not the ongoing financial ad- vice, seems backward in this day and age. The second problem with DSCs is the lack of transparency. According to CSA research, a signif- icant number of investors were not aware their funds had been purchased with a DSC and did not recall this being explained to them. A healthy relationship between an investor and their adviser should be based on receiving good fi- nancial advice in a trans- parent manner. Ending deferred sales charges is a step in the right direction and will benefit investors. - Peter Watson is an agent of, and securitiesagent of, and securitiesa products are provided by, Aligned Capital Partners Inc. (ACPI). ACPI is aInc. (ACPI). ACPI is aI member of the Investment Industry Regulatory Or-Industry Regulatory Or-I ganization of Canadaganization of Canadag (IIROC) and the Canadi-(IIROC) and the Canadi-( an Investor Protection Fund (CIPF). The opin-Fund (CIPF). The opin-F ions expressed are those of the author and not neces- sarily those of ACPI. Peter Watson provides wealthWatson provides wealthW management services through Peter Watson Investments.Investments.I OPINION Proposed changes to mutual fund fees Ending deferred sales charges is a step in the right direction, says Watson PETER WATSON Column