The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

Page 16, Whitby Free Press, Wednesdav. May 29. 199 REASCEN~**~I Walathon helps supotwor by Brooklintreatmént cenitre By Jennlfer Law The lienascent' Centre in Brookli*n will hold its fifth annuai fuhdraising walkathon and barbecue o)n Snday., June 2, 10 a.m. to 4 p.m.. The treatment centre for alco- holice and drug addicts hm' o)perated in Brooklin for the past seven years, helping men aged 16 to 7 «We teach them why they used to drink and why the can now gowthout,» explainst e centres Bey7 Thompson, adding that Renascent "changes attitudes, goals and values.» Clients follow a 28-day pro- gram and fiish with a 12-step program when they return home. The centre has a 70 per cent, success rate. Renascent also has two facili- WNHAT A DEAL! 5 on the floor. 21 on the roof. Jetta Trek When you lease or buy a limited edition Jetta Trek you flot only get a great lease rate on a 115 horsepower Volkswagen Jetta, y ou also gel a 21Speed, limited edition Trek performance mountain bike and an ail purpose roof rack. You also get dual airbags, fog ights, rack and pinion steeing and ear spoiler plus many more standard features. Drive rswanted.-) OWASCOY VOLKSWAGEN INC. Pro yen to serve you BEST sInce 1972. An ~ICARE and CAA award winner.. 1425 Dundas St. East, Whitby 686-6410 Heidi Schemnpp Low é Flnan cln g ila l 325 Hopkins St., Whitby Li N 2C1 668-2252 * 86-1853 ties I Toronto, one for women. In the past 2L ears, "10,000 pipe have been ýel by the trefacilities, says lornpson. The walkathon, which Thom- son has helped to organize i takeS place in Hamnilton, Peter- borough and Toronto as well as in Brooklin. Whitby Mayor Tom Edwards, CFTO-TV sportacaster Joe Tilley and the Polkaroo will be anxong those i the Brooklin event. Check-points will be at Brook- lin farms and residences, and ahl przes have been donated by binesse. First prize te, the walker who collecte the Most money wiïll be two tickets to, anywhere Air Canada flues; second prize is a refrigeàtoi-, third a television and fourth a weekend for t-wo in Montreal. Proceedi from the lO-kilometre walkathon will go toward upgrading facilities or providing buses for AA meetings. Te goali for the June 2 event is $25,000- $30,000. Anyone ca articipate in the event. The babece is free for walkers who are registered. Cal 65e-8ff4 for more information. BABY iTEM NEED Rose of Durham, supporting pregnant and parenting teens, seeks donations of new items (bathtubs,.- crib sheeta, receiving blankets, newborn àand small di as, facclotha/towels, underhir, unise« sleepers) for starter kcits for new moms. CaIl Sue at f432-3622- or drop off items at 221 King St. E., Oshawa. For your screened topsoil by the bag or delivered by * Seed or sod Iaying e Fences & decks *Interlocking stone supplied & in stalled ai *Brick or concrete sand" estiî for free Hw 7X aiceter) 655m5926 or 428ul1404 'b ano HWY 7 -LAKERIDGE RD H #2 INTERIOR a Power vacuum complete interior *Shampoo and power extract carpets, seats, carpeted floor mats and door pads *Detail and dress dash and Poi* windows *Clean door jams from $90195 reg. $129.95 Interior, exterior, Paint Protection, Trunk Accessories, Sun Roofs Fabric Protection, Running Boards, and More!!! EXTERIOR "Remove bugs and tar " Remove surface scratches and oxidation' *Polish to maximum Shine and wax *Clean and coat ail chrome and rubber trim' *Polish glass, inside and out *Clean and dress wheels and tires f rom $99.95 r g.$1 * 5 eg $29.95 . [IIaiaTA -- -*d hit Radil TA * err-e P2O&5stirî7s~5î158 oo P25Rail /89ase70232W.1012.e P/er16 96 31 229.50 135.0 IIM-0 ESTJMATE THE COSTS 0F SEIT LING YOUR ESTATE Many Canadians fail to realize that death may trimger varlous forms of taxes and other coats that may dramatically erode the value of their estate. With proper planning, most of the major "death taxes" may be delayed until the death of the surviving spouse. Therefore many of these estate liabilities primarily relate te either a single person or to, a "second death" situation ln the case of couples. Once you've reached retirement and have accumulated investment assts, it is inevitable that you will begin te consider what will happen te, your estate at your death. Prom a tax standpoint, the government considers you te, have converted al your assets tu cash the day you died (at fair market value). If you are single, or the surviving spouse, this could mean a big tax liabiity. Let's look at a simple example. The surviving spouse passes away on July 1, 1995. She had received $12,000 of pension income up te that point in'time. fIer assets were as follows: house, $125,000; cottage, $100,000; RRSP, * 90,000; stocks, Boglstered Plans: The ful value of any RRSPs and ERIFs is added te your final year's income. So *90,000 gets added te, her taxable income. Capital gains: The ho use is her principal residence and there is no tax on that (yet). The cottage was originally purchased for *50,000 and its fair 'market value ls $100,000; tb.ats a *50,000 capital gain. The stocks were from ber husband's stock saving plan and have a cost of $40,000. Thefr market value is *80,000, so that's another *40,000 capital gain. Only 75 per cent of the caplial gain is taxable, so we add *67,000 (75 par cent of $90,000 capital gain) te her taxable income. Net. reult: The taxable income ln, bar year of death ia $169,000. Assuring just the regular- personal exemptions, the estate would be hiable for over *75,000 ln taxes. In this cas, the estate is "luéky.": Sue hie enough'hliquidassets so that she can aY the taxes,- cover the flineralepess lgl probate and accounting fees without belnforced te, liquidate real estate or have the beneficiaries come up Îith the-money for income taI. This exemiple w as meant te be general in nature. Before taking any action, seek professional tax and legal advioe te ensure that your planning strategies are. appropriate te your -personal' circumstanoes. Dere Duilea w a independent financial planner .with Finandal Concept Group in Oshawa. ~ fflzheimer Darham SLEEP- RELATED DISORDERS &ALZHEIMER DISEASE with Dr. Robert Hopkins ................... Regîstration $2.O-members e*<$25-00 - non-members LUNCH INCLUDED Phone Register (visa) 905-576-2567