WEDNESDAY, NOVEMBER 30, 1994| PAGE 18| "BUSINESS _ Sale of Christmas book;f THE OAKVILLE BEAVER a *â€"df k. ) | aids children‘s charitiess 4 Coâ€"author Anna Hobbs appearsig at special Sears session Friday § nna Hobbs, the coâ€"author of the runaway best selling ‘The Canadian Living Christmas Book‘ will be at the Sears store at Oakville Place Fri. Dec. 2nd from 7:00 p.m.â€"8:00 p.m. Published for the Sears Canada Charitable Foundation, the book was sold exclusively through Sears retail outlets last year as part of a landmark > charitable campaign. Valued at $30, the book retailed for $14.99 with $2 of that going to children‘s charities across Canada. In only four months, 250,000 copes were sold and $500,000 was donatâ€" ed to children‘s charities. Sears is hoping to match or break that record this year to ‘wrap up‘ a $18% million charitable campaign. It will be the last year this book is offéred i this manner. One dollar from each donation will go to national and region@ charities supported corporately by the Sears Canada Foundation. The oth@r" dollar raised with each purchase will be allocated to charities selected b 2' Sears‘ store staff and will be supported through book sales in the locaf} community. The book is full of foolproof recipes, menus, easyâ€"toâ€"make craft ide children‘s projects, homemade gift suggestions, entertaining tips and help«" ful hints. «m weraie + If you expect to entertain casually or plan to host and Open House, Buffet Breakfast or Holiday Brunch, the book offers menus that combing easy makeâ€"ahead convenience with delectable gourmet flair. Book tells business people â€" how to avoid financial distress: At last, somebody has written a book for small to mediumâ€"sized businesses on "how to" spot danger signals and avoid financial distress. ___"Cover Your Assets â€" The Creditors‘ and Debtors‘ Guide to Survival and Success" by Bernard R. Wilson, provides a practical approach to financial matâ€" ters for businesses of all sizes. Wilson, a senior partner with Price Waterhouse and viceâ€"chairman of the Canadian Chamber of Commerce, says saving businesses will help save jobs. "To the extent that we can save businesses â€" we save jobs, increase sales, and help to create more jobs," says the author, who has worked on many of Canada‘s major restructurings, including Olympia York, Algoma Steel, and Majestic Electronics, "Cover Your Assets" builds on the lessons learned so far in the 1990s in: dealing with the financial distress suffered by companies, both large and small. The book‘s comprehensive table of contents easily guides readers through a range of topics, such as spotting danger signals, reading financial statements, using financial information for decisionâ€"making, and understanding the Jaw. Wilson has even designed a graphic "decision tree" which, at a glance, gives businesses in financial distress a clear picture of the strategies available to them. In addition, "Cover Your Assets": * provides strategies to help debtors save their businesses; * tells businesses how to jump ahead in the creditors® lineups; and * provides advice for corporate directors about bulletproofing themselves from the more than 200 provincial and federal statutes which impose personal liability. Even if a business scores high on the "Danger Signal" list, it doesn‘t mean « it‘s doomed, Wilson says. Spotting the symptoms early enough and using | prompt corrective action may lead to a timely diagnosis and possibly a comâ€" J '* plete cure. i The 68â€"page book will also be a useful reference on Canadian law and pracâ€" tices for lawyers, bankers, corporate directors, investors, and accountants. _ ; "Cover Your Assets" can be ordered by fax from Price Waterhouse‘s nationâ€" Santa told us it was better to giVB than al distribution centre in Toronto (416) 979â€"4631, or by phone at (416) 979â€" to receive. So in the spirit of goodwill o. to all, Stoney Creek Fumniture continues the tradition of No Payments for a whole year. | " PAPE‘S TIP: "Great lowâ€"risk tax shelters, but act fast One more reason to celebrate \ | because they may not be around for long." this season. Merry Christmas to Mutual fund tax shelters all and to all a free yealr. Mutual fund limited partnerships (MFLPs) offer Points to note »/" 4e « zt CA CS the Money with Gordon Pape good tax breaks for higher income investors â€" Tax writeâ€"offs are 50% Hurrv' Santa says there’ § and are relatively safe. Despite rumors that 3;;â€{";?;6%;2 /o?r?)élanch Ottawa was going to close them down last of years two and three. year, they‘re available until at least June 1995. _ â€" No repayâ€" no time like the present. R ments should be regardâ€" Investor buys units in an MFLP; _ ed as a mix of income money goes into partnership. and refunded capital. â€" Distributions fully taxable. How To CHOOSE * e Pick a company which A. Partnership pays _ B. Partnership receives $ _ has already sponsored sales commission income from manageâ€" profitable partnerships. fees on units sold and ment fees and from e Check how long the incurs expenses. redemption of units. 2 _ partnership will exist â€" (.__s * ideally at least 10 years. ® Assess whether predictâ€" ed returns are realistic. | Benefit 1: Benefit 2: e Find out when your Investors receive Investors receive payments are due â€"â€" an tax deductions for income distributed investment schedule _ fees and expenses. usually every 3 months. _ similar to the tax writeâ€"offs # 3 (50%, 25%, 25%) is best. © 1994 ArtPress International GRAPHICS SYNDICATE 27/11» Gordon Pape is a financial author and broadcaster. On the Money provides general informa: tion on money management. For specific advice, consult an appropriate financial professional. C\StILC}/‘CI’éC FURNITURE A world away from the everyday i FINANCIAL SERVICES Store Hours: Monday to Friday 9 am to 9 pm; Saturday 9 am to 6 pm; Sunday Noon to 5 pm ; Phone: 560â€"3303 / 643â€"4121; Out of town call 1â€"800â€"263â€"8575 Lewis Rd. and the QEW, S. Service Rd., Stoney Creek; Ontario (between the Fruitland and Fifty Rd. exits off the QEW) *0.A.C. Payment due January 2nd, 1996. No delivery charges, no administration fees. Full details in store. All taxes payable at time of purchase. 25% deposit required on custom orders. And what do they do? Invest some time to find out December 12th in Oakville.