Page 8, Whltby Fee Press, Wednesday, Novemnber 29. 1l995 Innushare. seeks donationis to pay transpor i Innushare, the group that helps reaidents of Davis Inlet,, Labrador, is seelng comxnunity help to pay a bill. A recent effort to collect items for a Christmas shipment to Davis Inlet was successful, as hundreds of Whitby residents contributed clothing and many other item. But the usual free truck transport to Newfoundland was not available and Innushare was billed $3,000 for 'the transport tax-deductible donations can send service. tl;em to Innushare, 239 Wellington St., Whltby, LiN 5L7, Anyone wishing to make lor cali Mary at 430-1653. hiuby usies 2', get CGA tities Two Whitby residents have reoived certified general accountant designations. Krystyna Martin and Margrit Rahilly weie two of 26 members of the Durhamn chapter oft Certified (3eneral Accountants Assocation of Ontario ii received designations. For the hospital THE ROYAL BANK recently donated $37,500 to Whitby General Hospital, hait of which 15 being used to pu rchase rehabili- tation bds and theoCher half to rede- corate the emergency department waiting area. Above, from .Ieft, Marc Kealey explains the changes to fundraising com- mittee members GeorgeKhouni and Jack Hutchinson and Linda Nawas and Bill Triernstra of the Royal Bank. Phot by Mrk Roosor, WhItby Free Press JOb pîcture flattens out Employers in Durham Region are sending mixed hiring signale for the start of the new year, according to resuits of the latest employrnent outlook survey by Manpower Temporary Services. 0f the area employer. interviewed about iret quarter hiring plans, eight per cent expect tu add more workers during the January/February/March period while seven per cent anticipate reducing the size of their woforce. Anôther, 78 per cent foresee no change in current personnel levele and seven par cent are unsure of their biring plans. "Hiring activity often lessens following the holiday season," says Lorraine Stevenson of Manpower. 'Three montha ago, 22 per cent of the employers. questioned expreeeed hiring plans while 13 per cent projected cutbacks. But the outlook was unusually robust a year ago at this tne when 35 finance/insurance/real estate. par cent of the employer. forecant Workfbroe reductions are projected increases and eight par cent in transportation/public utilities foresaw decreases." and services, while intentions'are The beet hiring prospects thi. reported in% durable goods winter are expected ta be in non- manufacturing and whole- durable goods manufacturing and sale/retail trade. Seminar by satellite A "satelite senina?" will be held Tue.day, Deè. 5, at Durham College. Joël Barker, Infinity Limited, Inc. president, will explain how tecbnology will affect the future in 'Five Ragions of the Future: Alternative Approaches to the Development of the 2let Century.' Barker's articles have appeared in magazines and bis best-selling videos include 'Discovering the Future' and 'The Business of Paradigme.' The semmnar will be presented by satellite in a joint arrangement by the Bureau for Excellence, Durham Region, and the US Chamber of Commerce. The two-hour seminar, from Washington, D.C., will be watched simultaneously at' sites acros North America, including the lecture theatre at Durham College. For more information, cal 721-2000, ext. 4004. Cail for a comphmentary meeting. or ask for a copy of our booki et... ,FinRFfsLIFs & Annuities' Securities DEREK DUTKA 'Fiiaciineptorporation i : uisbIcnsd tual fwaud dalr.SeigWhbyadOhw snc19687K gStetEO h a5 777 tz 1-(.caraiir rnmnrtn . k icpncor4 ÇaOnhiflfrdeaer. the Nho Your Financial, Health Derek'Dutka Jiookng for" extra tax breakis? Not Loo long ago, most people worked right up to age 65 or beyond, rollowed hy 10 or 12 years of retiremeniL Mahy of us today want ta relire heLween ages 55 -and 60 at, the latest, and with continual improvements ini medicine and health care, doctars tell us we'il live ta 85 or 90. While this sounds like great news, it nieans our mremenent "careers" will be as long as aur wÎorking careers. How xnany of us have enl<ugh money ta last for a 30-year retirement? Not, only will we live longer, so wil our parents. Ini fact, for many of us, mi m and dad wilI be alive when we retire. And if they're like others or their generation, they.may not have planned well for retirement either. That mearis we couldbe paying bills for ourselves and our parents. Many or us put off having cldren until our careers are weJl on track. As a resuit, the kids will be looking for tuition money just as we'li want ta put ail our extra cash into RBSPs. Most of us acoept that gnvernment pensions 'will not be a reliable or significant source of incoeme in the ypars ahead. But what we may not realize is that aur company pension plan (if we have one) niay 1h11 short of expectations as weUcoevering only a portion ofour retirement needs. Our homes are no longer the "investments'jhey were during the '80s. Gone are the days of double-dligit annual increases in their value. We'll be Iucky if they keep paoe with inflation-, and this may mean a lower value when we %trade down' after retrement. V/bat this ail adds up to, is that well have tý depend on ourRRSPs and investments ta finance aur retrement years. TIhat means starting early and investing in a way that is designed ta maximize loing-term retuims. Most of us reognize tliat equity mutual funds offer the best potential for a high performing, diversified long-term'investment, but Lhere's an other type of und that can also play a raie-- abour-sponsored in vestment funds ([SI]Fs). LSIFs are similar ta mutual funds, but they invest primarily lan small and medium-si7ed Canadian oempanies, rather dma just buying stock or deht securities of public companies isted on stock exehanges. While this type or investing involves certain risks that are not encountered with many other types of investments, it also has the patential for greater long-terni returns. hI addition, the federal government and several provincial govemnments provide special tax credits (maximum S2,000 in tax credits for a $5,000 'investment) ta offset this risk and encourage investnent. As well, a minimum of20 per cent of a LSllFs assets are invested in certain high quality, liquid, debt obligations ofCanadian issuers. teIf Nmu're considering investing in a LS]F., you should obtain a copy of teprospectus from a dealer qualified and fioensed ta sell these secinties. Read il, carefully for a fuler explanation of the special cyen.qderations to keep la n-iind when contemplating this type. of investment. While share value and investment retur wiil fluctuate, the [SIFs represent a unique way to gain aoeess ta. the exceptional growth potential1 of venture capital investing, and, where appropriate, can play an important raIe la planning for your retirement. .De-rek Dutka is an independent ilnanaial planner With l7inancial Concept Gmup in Oshanv. 'I Serving Whitby and Oshawa since 1986 187 King Street E., Oshawa ý5 Zoý;jr