Oakville Newspapers

Oakville Beaver, 18 Feb 1994, p. 4

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THE OAKVILLE BEAVER Friday, Feb. 18, 1994 â€" 4 hi C > <€, i oz % CA E o. 8 ooR m 2 5 hâ€"a H io w e ut J he North Pole will be coming to Oakville next week â€" in more ways than one. Toronto‘s North Pole Productions struck a deal with the Town Monday to shoot part of its Christmas family comedy "The Santa Clause" downtown next Tuesday and Wednesday nichts. While the Community Services Committee approved a new policy for filming on public roads Tuesday night, an attempt by Jim Smith to further tighten these cuidelines failed. _ ‘The movie, which is being released by Hollywood Pictures (a division of Walt Disney) stars Tim Allen of the TV series "Home Improvement." $ While Allen will be coming to town in June to film, aâ€"crew will be on hand next week to shoot a variety of other scenes. According to location manager Kim Saltarski, the filming on Lakeshore Road will feature several familiar local backdrops These include carollers singing around a Christmas tree in Hollywood comes to town next week Changes in town‘s filming policy aimed at protecting residents The Ward 6 councillor had sevâ€" hile mutual funds are generally designed to reward investors in the long run, there‘s an investment fund that gives you an immediate tax advantage. Working Ventures Canadian Fund gives you a 40% headstart over just about every other fund in Canada. Here‘s a The Power Of Working Ventures ian Fund Now, you can take advantage of a unique investment fund â€" Working Ventures Canadian Fund â€" that could permit you to reduce this year‘s taxes by $4,500! That‘s 40%* more than the tax benefit of just about every other RRSP in Canada. You receive $2,000 in tax credits* by investing $5,000 in Working Ventures Canadian Fund: The fact that Working Ventures shares are also eligible for an RRSP means further tax breaks. For instance, if you are in a 50% marginal tax bracket, a $5,000 contribution to an RRSP would reduce your taxes by a further $2,500, for a total of $4,500 ($2,000 + $2,500) in tax savings*. Your Net Cost Your Total Tax Sa Your investment will primarily be reinvested in promising, growthâ€" oriented small and medium size businesses in your province. Key to the performance of the fund is the expertise and experience of its management team headed by Ron Begg, President. His track record of success combines senior corporate management disciplines with the handsâ€"on companyâ€"building skills of a successful entrepreneur. This complements well the investment and finance background of Jim Hall, Viceâ€"President Investments. Jim has solid professional credentials from public accounting and merchant banking, and a record of originating and managing successful investments. Jim offers a prudent, disciplined and seasoned approach to the development of a strong, diversified investnient portfolio. Save an extr‘a 40% in taxes on your RRSP contribution thlS yeat Experience That Counts eral concerns, ranging from the permit fee paid by film companies to the time required for effected residents to be notified of impendâ€" ing shoots. Ward 3‘s Keith Bird, however, argued against stricter measures, contending they might Discover How Working Ventures Can Work For You WORKING VENTURES CANADIAN FUND INC. Here‘s an example: Investment in Working Ventures _ $5,000 Tax Savings = $2,500 â€" RRSP tax deduction (at 50% assumed tax rate) Federal Tax Credit (20%) â€" $1,000 Provincial Tax Credit* (20% where applicable) = $1,000 Your Net Cost $500 Your Total Tax Savings $4,500 a.m. between Feb. 24th and 25th in the area of Watson and Sheddon Avenues and along Palmer Avenue between Trafalgar Road and Reynolds Street. On Monday, Council approved North Pole Productions‘ request to film on Lakeshore Road between 11 p.m. on Feb. 23rd to 6 a.m. Feb. 24th. Production will run from 4 p.m. to 6 George‘s Square; shoppers hurrying down the sidewalk in front of shops on the south side of Lakeshore Road; a Salvation Army Santa being mistaken for Allen‘s character in front of Burrow‘s Clothiers and his character‘s car pulling up in front of Trattoria I1 Timone: discourage the film industry from using Oakville as a backdrop. Late last year staff was asked to revamp its existing guidelines which had "served the Town well" for at least five years, explained Ray Green, Assistant Director, For more information, please call: ANDY BLANCHARD FINANCIAL CONCEPT SECURITIES 22 Lakeshore Rd. West Oakville, Ontario Tel: (905) 338â€"8600 Working Ventures‘ objective is to produce the superior returns traditionally associated with investment in dynamic and growing businesses, while minimizing risk through prudent â€"â€"â€"â€"â€"â€"â€"â€"â€"â€"â€" _ development and management of the fund. Participation in Working Ventures should be considered as a long term investment. However, you may redeem (cash in) your Working Ventures shares subject to certainâ€"conditions. If you redeem your shares within 5 years of purchase, you will be required to return your tax credits to the federal and provincial governments (some exceptions apply). Working Ventures may restrict total redemptions to 20% of total assets of the fund in any one year. A fee of 3/4 of 1% of redemption value will be charged for each year shares are held short of 8 years. Due to the current economic environment, Working Ventures is in an ideal situation, prepared to take advantage of investments in underâ€" valued businesses and positioned to profit as the economy turns around. And, while a majority of the fund‘s assets will be invested in enterprising businesses to maximize return potential, risk is tempered by investing a portion of assets in shortâ€"term, high quality government securities Important information about this investment fund is contained in its prospectus. Obtain a copy from a securities dealer duly qualified and licensed to distribute these securities and read it carefully before investing: Share value and investment return will Aluctuate. *The extra provincial tax credits are available to investors resident in Ontario, . _ Prince Edward Island and New Brunswick First published October 1993. Investment Objective Private equity investing involves certain risks that are not encountered with many other investments. ~Although Working Ventures provides you with a tax credit to help offset those risks, it cannot guarantee that its investments will earn a specified rate of return, or any return, in the short or long term. In addition, a private equity investment involves a longer term commitment. Poised For Growth Operations, of the Public Works Department. This review â€" togethâ€" er with complaints by homeownâ€" ers over an incident last year â€" resulted in several modifications: __â€" A $100 fee will now be levied to cover the Town‘s administrative Open weekdays until 8 p.m. Sat. 9â€"5, Sun. 1â€"4 According to Ray Green, Assistant Director, Operations, of the Public Works Department, Town staff have been working in concert with the film company and the Downtown BIA. Shooting between 4 and 7 p.m. will be done so as to not impact traffic. The cost of closing through traffic on Lakeshore Road later in the evening will be borne by North Pole Productions. Saltarski explained Oakville was selected to be the home neighborhood of Tim Allen‘s character after weeks of scouting in the Toronto area. To maintain the Yuletide atmosphere and the "charming midâ€"west town in our film," Saltarski said sevâ€" eral homes will be reâ€"decorated with Christmas lights. The summer date for filming has been tentatively set for June 6th. â€" Instead of only seven days, 14 days advance notice must be proâ€" vided by film companies where no road closures are required and 30 days when they are needed. â€" All effected residents busiâ€" nesses and appropriate councillors must be notified by film compaâ€" nies seven days in advance and, if necessary, a meeting arranged to discuss concerns. The old policy allowed for only 48 hours notice. costs for the permit. No such fee was charged in the past. â€" Permits for filming on resiâ€" dential areas will not allow filmâ€" ing to proceed after 11 p.m. or before 7 a.m. or at any time on Sundays without the permission of Council 30 days prior to the event. Smith, arguing that film comâ€" panies aren‘t hurting for money, proposed the fee be increased to $500. This, he explained, would not only cover costs but generate revenue as well. He also moved to push the 14â€"day notification periâ€" od to 21 days and raise the sevenâ€" day road closure warning to two weeks. The Committee also considered several suggestions by one resiâ€" dent who said he‘d like to see a minimum of 21 days notification as well as veto power for effected homeowners. Smith â€" who reminded everyâ€" one of an incident last year in which residents could not get into their own driveways â€" said deciâ€" sions should be made by Town standards, not the film industry‘s. A veto, however, was impractical. "I don‘t think you‘ll get a whole street to say yes to a movie or a whole street that will say no to a movie," said Smith, adding more notice would not hurt proâ€" duction schedules since movies are planned well ahead of time. Bird said one unfortunate inciâ€" dent should not ruin it for everyâ€" body and said Smith‘s amendâ€" ments would not be well regarded by the film community. Allowing one disgruntled resident veto power was similarly "heavyâ€"handâ€" ed," he said. Smith‘s motions lost. On Monday, the full Council will conâ€" sider the Committee‘s recommenâ€" dations. We wish to draw your attention to the error in our current "February Fixâ€"Up Sale" flyer. Page 9: Item #3. Gas struts. Flyer reads: 81â€"89 Aries, Reliant. Should read: 81â€"85 Aries, Reliant. _ We sincerely regret any inconvenience we may have caused you. Kerr/Speers Oakville Canadian Tire Associate Store

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