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Page 8. Whltby Fre Prees, Wedneday. January 19, 1994 whitb bsies McKee earns design honour Imothy ' designer ofi McKee of Whitbly, Binns Designer Kit- ACES, ù.rnittc chens - In. in Pickerin& won an honourable mention award in the Settngm a standard for e nvirmental - protection WE WANT TO HEAR FROM YOU ABOUT TRITIUM The Minister of the Environment & Energy has requested that the Advisory Comminttee on Environmental Standards (ACES) conduct a public consultation on the proposed new Interim Ontario Drinking Water Objective of 7,000 Becquerels/Litre (Bq/L) for Tritium. The current Ontario Drinking Water Objective is 40,000 Bq/ L. ACES was established to contribute to environmental improvemnent by advising the Minister on standards for environmental contaminants. We are seeking public input before reporting to the Minister and would like to invite you to take part in this public consultation. The deadline for written commenta je March 10, 1994. A public informnation session bas been scheduled for January 27, 1994 in Ajax. An afternoon and an evening session will be held. Time: 2:30 pm to 5:00 pmn or 7:00 pm to 9:30 pin Place: Ajax Recreation Centre 75 Centennial Road, Ajax Admiral's Room (2nd Floor) If you are concerned about the environment and would like to make a difference then we urge you to get involved! For further information, and copies of the documentation, please contact: Advisory Committee on Environinental Standards 40 St. Clair Ave. West, Suite 401 Toronto, Ontario M4V 1MI2 Telephone: (416) 314-9265 Fax: (416) 314-9270 @D Ontario 1994 NationalDesign cmpeti- tion sponsored by th e National Kitchen & Bath Association. The competition is for kitchen and bathroom profession ais. Al designs were actual projects in- sitalled between Sept. 1, 1992 and Aug. 3 1, 1993. The association is based in the U.S. and 95 per cent of entries were by American designers. Binns, with showrooms in Pickering and Markham, special- izes in th design, lanning and installation of complet. kitchens and bathrooms, and also designa and instalse cabinetry for chul- dren's rooms, libraries, dens and family rec rooms. MVcDonald 's seek best wlishes for Olymp'Ie team McDonald's Restaurant in Whitby is collecting signatures of best wishes for the Canadian team competing in the upcoming Winter Olympics in Lilleham- mer, Norway. McDonalcd's Restaurants of Canada, a major sponsor of the Canadian Olympic Association, hopes Wo colleet two million sig- natures. There will b. a signature book at the Whitby McDonald's from Jan. 21to Feb. 1. On Saturday, Jan. 29, Fortune Financial of Whitby ;àl host a mutual fund forum at the Holiday Inn in Oshawa. Conw out and see how you can Save an extra 4O/o i taxes on your RRSP ontribtion this ya Derek Dutka invites you to meet Julie Makepeace of Woring Ventures Canadian Fund nc -Dafe: Tucsday, Januaiy 25,1994 Tlm: 7:00Opm Important information about this investment fund is contained in its prospectus. Obtain a copy from a securities dealer duly qualified and hicensed to distribute these secunties and read it carefuly before investing. Share value and investment returns will fluctuate. *The extra provincial tax credits are available to investors in Ontario, Prince Edward Island and New Brunswick DEREK DUTKA Reserve your seat by calling: 579-7777 - Financlil mConc pt _____ Securitiosýý ¶InmniiConcept Sme lhvta bumu Wsyb mglulraUonownsd bWF.C.G. SocMâ Us m oa Eight top-rankIng Canadian mutual fund companies will have displays and representatives at the forum toprovide information on investment options with this year's RRSP investors. For those who want to, learn about investing in the Far East, Latin America, Europe, international bonds and more, there will b. a host of mini -investment seminars on an ongoing bass throughout the'day. Investors. usually have to go into Toronto for a presentation like this," says Jeif Douglas, branch manager of the. Whitby office. "But our Fortune office in Whitby is bringing Bay Street to Durham Region." Call 430-0333 for details. Trent-v University ' at Durham College Spring Session: 31 january . 26 April Introductory courses offered two evenings per week (Mon/Wed or Tues/hurs): " Englisti 105: The modern period and its roots " History 100: Canada: selected, problemns " Psychology 101: Intro to psychology " Sociology 100: Intro to social analysis For a brochure or information call: (905) 723-9747 or (705) 748-1229 p rvm o m n ac are fq The sse that provides. *Unscedled home visits ensure quality care for your child " Fully.trained providers receive ongoing Agency support " Reliable local back-up covers Provider illness or holidays " Comple'te insurance coverage " Income tax receipts " Children six weeks and up " Fuit or part-time For more Information clil: 686m3995 a icensed Agency Tax S&wi>-$50 (at5001om-ed tax m) F«demiTax Qvdit (20%) -sa PiovklialTax Qeit "2Yo whee Mfikable) -$, YorNetC $50 YwtrTolalTax savi'$4m $5,000 -$1,000 -$1,000 $5S $4,5ffl Thne Power Of Working Ventures C'anadian Fund WSildng Vwntum CanadianFund invs in small and medium-sized Canadian Buinesses wiUi die objective olachSeiing long. tenm capital çpraion. At east 20% ofrdie fund'sa&mewifl be kept in highiquality debt ~wmrdWataldtimes1 WORKINQ VENTL CANA931AN FUNE - ~ You r Financial Health Demek Dutka Spousal RRSPS RRSP contributions can b. made for your spouse and stili Provide y ou with a deduction in computiiâg your taXable income. The main advantage of a spal 1<1W! ie that it in onS of the few remaing imethode' oplitting income between spounes. The reasoning is simple: one icorne of $60,000 is ted much more than two incomes of $30,000, therefore you get to keep more for yourself if the income i. aplit. Spousal RRSPs also enable more effective use of the pension incom tax credit. By having a spousal RRSP, you cari ensure that both spouses are able to draw up $1,000 pension income, tax-free. A further advantage of a spousal RRSP is that it enables an individual. over age 71 to contribute to an RRSP. Normally, once a taxpayer han reached 71, they are no longer allowed to contribute to an RRSP. Howeyer, if the taxpayer's spouse is not yet 71, RRSP contributions cari be made to a spousal plan, even if the taxpayer ins71orover. Since 1989, the governiment ban allowed the transfer of u"t $6,000 of pension and annuity incomne to a- spousal, RRSP.Ths programn ends in 1994,80o if it applies to you, make sure you use it before it in gone. If y ou were earxung over $30,000 when you mnade the contribution, you would-have received a 42 per cent tai rebat. for your contribution. If your spouse has no other source of retirement income, more tItan $7,000 (basic and pension income credits) per year could be withdrawn with no income tai being repaid. What a nice bonus. Amounts above the exemptions, but less than $30,000, would be taxed at 27 per cent. That's still a 15 per cent return on your money, courtesy of the tax department. Other points of interost Spousal RRSPs are flot for short-term applications. Money taken out of a spousal RRSP within three years of the most recent contribution will be taxed in the hands of the higher income-earning spouse. Under a marriage breakdown, spousal RRSPs are still considered fazmly assets. It dos not matter whose name is on the accounit it will b. divided evenly. The higher income spouse can contribute to a personal and a spousal RJRSP as long as the two amounts do flot exceed the maimum allowable limit. Therefore, the lower income spouse should also contribute the maimum to his/her own personal plan. Dkrek Dutka is a inancial consultant in the »Why/ Osha uça area. Mutual fund forum upcoming in Oshawa ,À