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Look carefidly at and separate 0 your needs and wants. Look realistically at your wants (fidfilling your wants might put you in a price bracket higher than your cany‘ort zone). Decide what you can “Live With " until you are able to renovate or move "up” to where your wants an? morefidfilled 3) WM . BasicallythekeyistorA)Remmhmd.dam A W ~, _V._V resale value should you wish to sell in 2-3 years? F) Consider the pros and cons of resales vs new homes. Generally, resales have more to ofler than a new home (established neighbourhoods, mature trees, character, privacy, schools, etc. ). G) W Winanewhome orinmaintaining a resale. Get a qualified home inspector to enlighten you on these if you are buying a resale. Inquire fiorn people who have purchased new homes what their costs were over a period of4-5 years in fashioning a “Home" from their new house - fences, Iandsmping, decks, etc These are just a few suggestions to help you make that first “Big " step to becoming a pmud homeowner: disappoinnnén; D) [mag (Ihese can bq {1s muchgs 2%f0f reséles 1M3.%fornew u ' n homei E) W . bifocals. One must consider such things as O lifestyle, occupation and hobbies when deciding what will work best for each individual. The traditional bifocals come in a few different styles but they all have a visible line separating your distance correction from your reading correction. The advantage with this style of lens is that you may have a wide reading area The biggest disadvantage aside firm the cosmetics is that this style of lens will not allow for focusing at a mid-range distance (arm Is length). Anyone who has worked on a computer; tried to read sheet music or even phzyed a game of cards wearing traditional bifocals will be familiar with the problems trying to work at this mid-distance. The newer progressives (no line bifocals) provide all the benefits of traditional bifocals but add the feature of continuous clear vision at all distances, including mid-range distance ( arm ’3 length). Progressives have the cosmetic advantage of appearing to be single vision lenses so they never reveal the user wears bifocals. These are, by no means, the only options available. By discussing your lifestyle and viwal requirements with your eye-care professional we can tailor exactly the right lenses for :- There are many options available when discussing till your fiis‘uhl needs. As fim-a'me buyers, what tips can you ofl‘ier us to save us money, disappoinunent and time. I ’ve just received a prescription for bifocals. What are my options? jThis will save you time. Lil Crawford 17 Lakeshom Rd. E. Tet 845-3621 OFFICIAN LOW OPTICIANS m Considér the . What kind of caution should I exercise when trying to o avoid Probate costs? Probalefee: in Ontario are now $5.00 per 31,000.00 of estate value for A 0 theflrst ”QM and “Sm“.m there r with no maximum. The O farmer fee structure was ed to $5 per LMO of estate value. Sm eauu'm: m in order however: NON-REGISTERED FUNDS Ownership qn GICg and_ mutual funds are now more frequently made" in: with right -n ,,,A A. ‘I‘uL_o_ a. Unrwlouur m. me. -.........._e,__ _.- W, , . . , - survivors ‘p so that if one owner passes away funds will pass outside of probate to t remaining joint holders of the investment. I. CDIC coverage combinations with one institution will be reduced if all registrations are in the same joint names. (ie: For two people limit would be $60,000 rather than possible $180,000). 2. Joint registrations. especially with children will reduce flexibility and control of Investments. (ie child falls out of favour: some companies want joint agreements signed by all parties) ‘ 3. Ensure that proper income tax reporting procedures are followed to avoid attribution problems. REGISTHED FUNDS With re istered funds (RRSPS, RRlFs) naming a beneficiary within the plan will allow procee to pass to the beneficiary, outside of probate, upon the planholders demise. Be very cautious, however, of the potential income tax repercussions for your estate. If the named beneficiary is a legal spouse or disabled dependent child, a tax free filloverdis permitted to an RRSP or RRIF in the beneficiaries name. Probate is also ram . If any other type of beneficiary is designated ie. a charity, non-legal spouse, funds willpassoutofprobatetothebeneficiam howevertheestatewillbe with theta: liability since a tax free rollover is not permitted in this case. Tax liabi 'ties can be as high as 50% of the RRSP or RRIF value with a maximum of30% withheld at source A 0 Let us agree on what we mean by risk. A local 0 Canadian stamp cost 84‘ in 1973, compared to 43¢+GST today ie. 5x more over 20 years; An average house in Toronto, in 1973 cost $40,605, compared to $214,971 today ie. 5): more over 20 yrs. Are you prepared or preparing to pay even 21: more to live when you have to live of your capital at retirement? This seems to be the BIGGEST MOSTPROBABLE RISK THE LOSS OF YOUR PURCHASING POWER. So, it seems that to risk more for growth to preserve or increase our ~ purchasing power, we must really understand the trade-01f Remember, investing is to own assets, good businesses that make the economy grow, create wealth, jobs and happiness in which we all share. Ownership of great companies, known as the equities market, is risky and volatile in the short term. But in the long run, it's the greatest creator of real wealth thats ever designed One of the safest ways of doing this is to own well managed and carefidly selected mutual funds. Call me I look forward to assisting you. Who could have told you that Templeton International Stock Fund would have grown your $25,000 to $35,292 from only 1989? Or that AIC Advantage Fund would have grown your $25,000 to $41,658 from only I 989? Call me I look forward to by aflnancial institution If the estate does not have any liquid assets with which to pay the tax liability, the executors and heirs may have to dispose of other assets such as the family home to raise funds. (the beneficiary may refuse to pan with any of RRSP/RRIF proceeds) In situations where an individual wishes to pass registered funds onto someone who is not eligible for a tax free rollover. it may be prudent to name the estate as beneficiary and let the will provide for funds allocation after all taxes and fees have been paid. Probate fees will apply in this case but it may save a lot of grief for the heirs. in all_cases legal advice should be obtained whendetermining registrations or assisting you. Is the flick to earn more really worth it? Raymond Jackson Telephone: 849-4700 Fax: 849-7626 FINANCIAL CONSULTANT MalfinKostennanl 8447700 RETIREMENT INCOME SPECIALIST SECURITIES INC. M's-l mm, FISCAL AGENTS A 0 At Second Cup! We offer the world ’s finest cofl’ees 0 and have now added what we believe to be some of the world 's finest teas â€" The Republic of Ea. A diverse collection of 32 full-leaf; hand-pickedfine teas from around the world â€" including 8 available in round tea bags or pillows â€" fall into 4 main groupings, Black Teas. Black Blended Teas, Green Teas and Herbal Teas, known as Herbal Infimorrs. 0 Black Tea - Choose from selections such as Malty Assam, a robust tea grown on the prized Paneery Estate in Northern India, or All Day Brealg‘ast (Keernun Oolong Tea) a Chinese tea of superb character and clarity with a delicate aroma that can be enhanced by a touch of milk. ~ l-Black Blended Tea â€" such as, Earl Grey, a classic tea that combines superior Cylon leaves with natural berganrot oil. and Mango Cylon, an uplifting sweet tea that is a favourite retreat for cofl‘ee lovers and also wonderful on ice. . Green Teas â€" the fragrant Jasinte Jazz or the heavenly Sky Between the Branches, a very rare green tea harvested only ten days each spring on the banks of the Qiushui river in China. This tea received the Best Green Tea award from Tea Quarterly the tea industry ’s bible, which describes it as "pure poetry in a cup. ” 0 Herbal Teas - a Children’s Tea, an all natural healthy herbal drink with the juicy taste of apples, delicious warm or iced, healthier than soft drinks and easier on the teeth than juice when served in battles to toddlers. Take it Sip by Sip, not Gulp by Gulp. Tea from Second Cup. o How do I know I ’m getting the best quality work 0 for a job that really needs to be done? A . Stephen Todd offers his customers I 7 years of 0 experience in the automotive repair business and has recently upgraded his skills in automotive and computer control at Mohawk College. As Service Manager at Master Mechanic Professional Auto Service, Stephen believes in doing a good job for a fair price and will not tolerate over selling by his licenced, trained mechanics. Master Mechanic’s “one-on-one approac " means that customers are invited into the service bays so that mechanics can explain in detail what the problem is and what it will take to fix it. The Master Mechanic, Professional Auto Service, an independently owned Franchise operation, combines the essential ingredients of the small business (convenient location, one-on-one service, flexible policies and quick response time) with the expected bonuses that result from dealing with a large organization (uniform pricing, brand name service components, at competitive prices, technical expertise, and professionalism in all areas. ). Master Mechanic is a complete auto service centre. Visit them today for all your automotive needs. EM? I am .a tea lover; where can I obtam superb loose tea? 842â€"0689 , H Mall 8 -1442 COFFEE EXPERT PeterDemett ”3} S 611de 21 North SewioeRdW. Block “B” 8450178