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Grono WeeklyTlrnes, Wednesday, Auguet 13, 1997 il Rebirth of Toastmasters'newsletter. When heat strikes, slow down, keep cool Members of the Konzelmann is looking for- teaching ci-mmunication Bowmanville Toastmasters ward to the challenge of pro- SUIlS. were pleased to learn about ducing the first newsletter in The Club Executive the rebirth of thelr Club September 1, 1997. Belng an expressed thé~r appreciation Newsletter "People In Acti 'on"». editor is another aspect of the for her willinÉness to under- Our new editor Toastmaster experience take this resppnsibilitY. Toastmaster Irene Thie Straight Goods on Leasing Summer weather is the perfect foi for funi and recre- alion, but even sligbî ebhanges in nmeteorological conditions can turn bot weather int deadly weather. A few degrees can break down the bodys normal responses, causing fatigue, dehydration, heat cramps, heat exhaustion, and beat stroke. To protect yourself, med- ical experts and meteorolo- gists recommend monitoring weather forecasts on TV and radio. These reports catego- rize bot weather witb terins like "heat watcb", "heat warning" or "beat wave. Wbien sucb conditions are present, slow down. Stay out of the suni. Avoid strenuous activity. Stay induors as inuch as possible. Drink eigliî ounces of water per bour even if you are not tbirsty. Avoid alcohol and caffeine since they dehydrate tbe body. And eat less because digestion requires energy tbat generates beat. 1At home, use elecîric ligbîts and cooking ovens sparîngly. Keep shades drawn and blînds closed, but windows open. If your home or apartment is not air-condi- tioned, seek out restaurants, movie theatres, libraries and public "cooling centres". Fans do flot cool; they just circulate bot air, Know, too, tbat certain medical conditions and pre- scription drugs can make you more vulnerable to beat stress. People witb high blood pressure, diabetes, a weak or damaged heart, strokes, infections, fever, diarrhea, circulation prob- lems, skin disease, sunburn and obesity are aIl at greater risk for beat-related ilinesses. Also, there are many medica- tions and allergies tbat can aggravate the effects of heat. Tbese "biot' tips were pro- vîded by the Canadian MedicAlert Foundation. MedicAlert, a charitable inbership founidation, bias been protecting medically at- risk individuals in emer- gency situations since 1961. Its bracelets and neeklets, engraved with tbe member's most critical medical facts, tell health care professionals tbat the wearer needs special care, and direct themn to cal MedicAlert's 24-hour emer- gency botline for additional information that might help treatment. For more information, to enroîl or make a donation, call MedicAlert's toll-free uine at 1-800-668-1507. David's small desktop publishing company needs a new computer system. The mie lie wants would cost hua iiclose lu $ 10,000.'Thie business doesn't have that much ready cash. And, because it- is alre d y -carry-' ing a boan for printing equipment purchased Iast year, David fears the bank would probably turn down a request for more money. A business acquaintance sug- gests that David try leasing the computer system. "You don't need to beg at the banik and you'll get a good tax write-off." While that may some- limes be true, advises Mark Walters, CA, a senior tax manager with Price Waterhouse in Hamilton, "tbe real benefits of leasing are flot tax-related. Its more a inatter of using your busi- ness capital wisely"' 1Paul Rokeby, CA, a part- ner witbi Fuller Jenks Landau in Timmins, agrees. Buying everything you need 10 run a small business - be it cars, trucks, office equîp- ment, specîalized machinery - could be more tban your- budget can bear. "Your best option migbt be to lease somle of it." Leasing can make good sense for severalreasons:. a 'fax benefits: You are allowed to write off the montbly lease expenses, as long as tbey are reasonable. Buying tbe saine itemi, allows you 10 write off only a fixed amount for deprecia- lion each year. Sometimes, the numbers work out better. for a lease. e Casb-flow considera- tions: -A lease generally requires htale or no money down. * Alternative financing: If.you're pushing your credit limits, the bank will niot lîkely lend you more money. A leasing company 15 gener- MONE1I __CARE I ally willing 10 step in and, in effect, lend" you the money to obtain the asset. a Access to the latest: If you are worried tbat your equipment mnay quickly become obsolete before you finish paying for it, you may want to lease il, say, for two years. Then you give il back and lease the latest model. e Worry-free use. With a pure lease, you're just rent- ing the item. The owner may be responsible for maintenance and ultimate disposai. You have t0 weigh these potential benefits against other considerations, though, says Rokeby. For, examnple, the interest rate in your lease may be higher than one attached 10 a bank boan. Do you bhave 10 pur- chase the itemi at tbe end of the lease? "if so, it could end up costing youi more than it was worth." Walters points out tbat the tax benefits for soîne items, such as computers, are grea.ter if you buy tbem, because Revenue Canada allows a igbler depreciation rate for thiem. "If you can get a lower interest rate from the bank and a fast depreciation wvrite-off, you should probably buy the item. If the interest rate is similar for both lban and leéase, and the depreciationi rate is low, yodu may wanit Io lease." Another point t0 watch out for-, warni both CAs, is that not ail leases are creat- ed equai. Some are essen- tîaily rentaI contracts. Othiers ~are considered equal t0 an outrigbit purchase. Tbe tax consequences can be quite different for eacb. It's essential, tberefore, that you talk t0 your cbar- tered accouiant before makîng.any lease/purchase decisions, they say. Your CA will identify the various opti ons available 10 you, assess the termg offered by the vendors or !essors and review any final agreements 10 ensure that yol've got the best deal possible. Moneycare j.s brou ght to you by The institute of Chartered Acco~untaflts Of Ontario. Subscribe to the Orono Weekly Times (905) 983-5301 EU~ Funeral Home THOUGHTFULNESS, SERVICE & CONCERIN A Family Owned' Business, -Offering.: Traditional Funeral Services Prearranged & Prepaid Services - Crematiori Arrangements Alternatives to Traditional Funerals - Out of Town Shipping 53 Division St. CiyKies-Peiet623-5668 Bowmanville Ontario LIC 2Z8 OFF STREET PARKING