Page 8, Whltby Free Press, Wednesday, January 18, 1995 Metal store opens in Whîtby A convenience store of the metal business has opened in Whitby. Metal Supermarkets (Oshawa/ Whitby) opened earlier this month at 1801 Wentworth St., unit 9. Owner/manager Occo van Tijn says his store has been described as a <'bita and pieces business." But like a convenience store, customers can look over a wide rneof stock -- only in metals. raWé do not compote with the magjor metal distribiutors. In fact, they are our sppliers, he satys. <'W. just provide a service they cannot provide." <'We are particularly tuned te, Today's Best Rate For more information cati: Dewk Dutka ~Finncial Firmial Concep Corporation Oroupu is a tcesed Mutual Fund dealer. rF.C.G. Securities Co"prtion is a tioensed Seourfties Dealer. *Minmum ($5,000>. Rates subeot ta change. the. needs of maintenance engineers and small machine shops,» says van Tin. "These are the people that really do need fast service. The Whitby location is the l6th in CanaLafor the company that began in the mid-eigties and last yeýar expanded te the U.S. and Britain. Filip is chamber managerof the year The. Ontario Chamber of Com- merce executives's Manager of - the Year' award was recently presented to Deb Filip of the Whitby chamber. . Filip was recognized for coor- dinating a convoy of emergency relief suRplies to farms ini Mis- soui i fuust1993. She and local businesses and residents organized a shipment Of 85 tons of hay and a ton of grain feed, donated by bocal fer- mers. FIlip received her award at the Ontario chamber's Presidents and Managers Luncheon in -Rich- mond Hill. 1Wns [ïQUALJTYi & OV(JSREPAIR i ewellers -, China & Gifts SER VICE~ ~~«'> JEWELLERY REPAIR ~ p#qfl~fPIj WATCH REPAIR âbor? 1.946' -'>CLOCK REPAIR 115 Brock St. N., Whitby - 668-8042 «> STONE REPLACEMETJ ANNOUNCEM ENT GORDON REIDI, C.R.S.P., C.M.M., C.P.P. Health and Safety Coordinator THE TOWN 0F PICKERING was elected Chairperson of the Oshawa- Ajax Section Volunteer Committee of the Central Ontario Division, Industrial Accident Prevention Association on ... .. November 17, 1994 at the Annual Dinner Meeting of the Section held at Cullen Gardens, Whitby. For more information about health and safety in your workplace, training courses, audio-visual, literature and software produots as weIl as consulting services available from a team of experenced health and safety professionals, contact IAPA Oshawa-Ajax Section at (416) 449-5755 or 1-800-574-4272. CAAD' LEDN s ACA MII i. Computer Meg aleI OI Mortor May differ f rom picure WJith seven free software tities, a three year warranty and an internai voicelfax modem, the CD/FX-66v is the greatest value ini the history of multimedia computing! 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Tel: 905-725-7454 ] F:iyw QGO ;79-;-7'2O IDi 7 * r - - iN W' Monday, Tuesday 10-7, [I I r MICRosoFi. Netlare Wednesday-Fdday. 10-9,F w.2 Il ten I'eA Il WINDOWS_. Tested and Saturday 10-6,A j O P TEN #15uEK u.-r~ REAfIY-1Do-RN Approved Sunday .11-4. 113C Personat Computers are buittln Canada by: 3D Mîrocomputers, 350 Steetoase Road West, Markhm, Ontano LUR 183 Tel: 1 -M-5677413 ext - TSI112 Fax: 905-47976884VOE Your Financial Health Derek Dutka (Tirrd ofa MsersonRR ) Since. capîia gains and dividende are taxed boss than interest înnCe, many investors are told they are wasting hi tex benefits bhoding stocks or stock-based-mutual funds within their W s. M;' a popular strategy, but on. with shortcomings. These advisors claim that any incoîne investors receive within their RRSPs will eventually be taxed at their ful personal rate when they withdraw their funds. Indeed, that will happen when they collapse their RRSPs and convert them te, an annut or RRLF. An RS' greateet benefit is its long-term compounding (tax-fr. effect. With the capital gains exemption 1one(you can crystalize any gains up to the Feb. 22, 19 bu et date), the two key advantages ofriealizing capital gains are: taxes are deferred until you actually realize the capital gain, and people expect a highor return if they hold the investment for a long period. These are good advantages, so why flot combine the higher expected growth with a longer period of tex sheltering in the RRSP? The RRSL' is the only invrestmient that will ive you an immediate tex break, of up to, 53 per cent (dependîng on your income level). If you have enoug mon.y to maxiniize your RRSP and invest elsewhere, great, - if not, do the RRSP first. With RRSPs, one grows as large a nest egg as possible. On. bu ya stock (capital gain) to earn ahigherraâte of return than olfered by interest- *ng vehicles. Forgoing traditional tax benefits associated with recei*ving capital gains às makîing sens. because investors can reinvest profits free of tax within an RRSP for an extended period. Earning a higher rate means a much larger nest egg h onger you can- bave it in, the, greater the benefit. Given these conditions, ytential investor ought te seriously consider putting stocks inside their RRSP. If you are like most investors and rack the. patience, skill and discipline te, manage your own eqmi prtfolio, consider an equity mutual fund as one of your RRP vcstments. How much of your RRSP should b. invested in equities? On., "rule -of thumb" follows: subtract your age fromù 100. The. resulting number (for example, 100 minus ae 55, is 45) is the percentage of your RRSP that should be held in equities. This provides a good starting point, but there are obviously many other factors to consider in your own personal situation (such as risk toberance, required return, etc.) Mutual funds are liquid, diversified and prof.ssionally managed. Talk te a financial planner about the. amount of equity an the specific funds that are most appropriate to your own financial goals and needs. Derek Dutica is an indepdent financial planner wnth Financiai Concept QroupiluOsawa. 1 1