The Citizen, 1996-03-20, Page 6GROWING NEW PLAYS
AT THE MYTH FESTIVAL
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NOTICE OF
PUBLIC MEETING
The Township of Morris is celebrating its 140th Birthday in 1996.
A public meeting Is called for
Date: Thursday, March 21, 1996 at 8:00 p.m.
Place: At the Morris Township Council Chambers
Purpose: To discuss plans for a 1 day celebration
The council ask all Interested persons and groups to attend the
meeting. Ali proceeds from the celebration will remain with the
group in charge of that event.
Your Interest and support for this celebration is vital to make the
140th birthday a success.
The Council of the Township of Morris
INVESTMENT STUDY CLUB
* meets 1st Wednesday
of every month
* starting Wed., April 3 at
7:30 p.m.
* at MVCA, Wroxeter
Call to reserve your seat
Linda Henhoeffer
1-800-667-3887
335-3887 i nt)estmentGentre
"YOUR" MONEY
MATTERS
Dear Linda,
We have three young children. How can
we save for their education costs at
collegeluniversity?
Signed,
Busy Mom, Blyth
Dear Mom,
You are very right to be concerned about
paying for university and college costs.
With government cutbacks and tuition
increases, it will be difficult and perhaps even impossible to cover these
costs from your cash flow. This will be especially true if more than one
of your children is attending university or college at the same time!
My youngest son just graduated from Wilfrid Laurier University's
four year business program. It cost him approximately $12,000 a year.
This cost will only go up as governments reduce their support of post-
secondary education.
,Most parents find it easiest to save a fixed amount each month and
deposit this sum in a special account. The kind of investment parents
use for this savings program will depend on the parent's knowledge
about the various investment choices, their risk tolerance level, their
income tax situation and the age of the child.
Equity mutual funds which invest iii stocks of companies are often a
good choice because of their potential for growth and low income tax
status. If the child is very young, then the long term of the investment
reduces the risk involved with equity mutual funds. Also, monthly
contributions take advantage of the 'dollar cost averaging' to further
reduce risk.
Dear Linda,
Can 1 move my .RRSP invested in a five year G1C to another financial
institution which is offering a higher interest rate?
Signed,
Wondering, Brussels
Dear Wondering,
Yes. The first 'R' in RRSP stands for 'registered'. This means your
investment is registered with Revenue Canada and has special income
tax considerations. For example, when you first put your savings into
this RRSP you received an income tax refund from Revenue Canada.
Also, the interest earned on your investment is not income taxed!
Obviously, our federal government is giving us income tax breaks on
our Retirement Savings Plans as an incentive to save money to support
ourselves in our old age. The more we have our own savings in
retirement, the less the government will have to support us.
When you wish to move your RRSP savings from one financial
institution to another, Revenue Canada requires a special form filled
out. This form is called a 'T2033'. This form proves to Revenue Canada
that you are NOT cashing out your savings, but merely moving your
savings to a different institution.
Caution: some institutions charge an administrative fee (eg. $25) to
cover their costs of the paperwork with Revenue Canada.
NOTE: in last month's column, I answered several questions on RRIFs.
The recent federal budget announced changes in the RRIF rules. The
age when RRSP's have to be turned into RRIF's has been reduced from
71 to age 69.
'YOUR' Money Matters is sponsored by Linda Henhoeffer, Financial
Advisor with the Investment Centre, Trimark Mutual Funds Company.
To have your questions answered, send them to The Citizen at Box 429,
Blyth, ON NOM 1H0. Everyone who sends in a question will receive a
free 'Financial Planning Calculator' computer disc compliments of
Trimark.
Linda Henhoeffer
PAGE 6. THE CITIZEN, WEDNESDAY, MARCH 20, 1996
Letters to the editor
Owen Sound school
plans 140th reunion
Thank you
Ron Bailey, of National Trust presents a cheque for $5,000 to Blyth Festival General
Manager Karen Stewart, left and Festival Board member Joan McCordic, chairperson of the
Capital Committee. The cheque, from J. P. Bickel! Foundations, of which National Trust is a
trustee, is going towards the Festival's Dream Capital Campaign.
THE EDITOR,
The Owen Sound Collegiate and
Vocational Institute is holding its
140th anniversary-reunion May 17,
18 and 19.
All former students, staff, friends
and families connected with the
OSCVI are invited to bid a fond
farewell to the old school which is
slated to be demolished within the
next year or two.
The reunion weekend will feature
an open house, Friday night decade
parties, a giant parade Saturday
morning, two Saturday afternoon
assemblies, dances for all ages
Saturday night, and a family picnic
at Kelso Beach Sunday afternoon.
Registrations are being taken
Continued from page 4
watched this organization grow and
mature into a program with its
focus consistently upon the sick
people we serve. Joanne's
management has resulted in a
program that has functioned with a
minimum of bureaucratic
interference. Joanne has been
respected and admired by all of us.
In particular, her own staff admired
her for her consistent dedication to
the clients of Home Care and for
her skills with working with
people, whether they be the
physicians who work directly with
her, or the nurses who work within
the organization.
Ms Jasper has earned much
credibility and co-operation with
many, many people, not just at the
county level, but also in the
provincial Ministry of Health.
The anger that we found in
peoples' reactions stems from the
strong impression that this decision
was not made on the basis of merit.
It is obvious to all of us in the
health system, that the current
atmosphere of health care is one of
very significant, imminent change.
To lose the services and presence
of somebody as valuable as Ms
Jasper in the healthcare system of
Huron County in these times,
Foundation
plans
event
The Heart and Stroke foundation
will be presenting "Morning of
Stars, March 25, from 9 a.m. to 10
a.m. in the Seaforth Town Hall
Council Chambers.
Following a welcome by Steve
Smith, co-ordinator of the Huron-
Perth Heart and Stroke Foundation,
several celebrities will speak. The
list includes CFPL-TV weatherman
Jay Campbell, Seaforth Communi-
ty Hospital nutritionist Lorraine
Devereau, Heart and Stroke Foun-
dation-funded research scientist Dr.
Murray Huff and former Huron
County Medical Officer of Health
Dr. Maarten Bokhout.
Local person-to-person campaign
chairs Nancy and Mike Hak and
Mary Van den Hengel will be rec-
ognized for their contributions.
The Dream Home will be on dis-
play at the Home Show, Goderich
Arena, April 19-21.
now with the price set at $10 a
couple or $6 a single. People
wishing to pre-register should send
a cheque payable to the "OSCVI
140th'', c/o OSCVI Reunion
Committee, 951 5th Avenue East,
Owen Sound, Ontario, N4K 2S1.
Everyone should indicate which
decade they attended the OSCVI
and women should include their
maiden names. •
More information about the gala
weekend can be obtained by calling
Fred Fumess at 519-376-9423, Paul
Kirk at 376-6343 or Mary Busey at
371-3826.
Thank you,
Ted Briggs
Publicity Committee.
would be unfortunate enough if she
had been attracted away to some
more senior position far away. To
remove Ms Jasper deliberately,
seems to us to be foolhardy,
reckless and irresponsible.
We elect councillors to prevent
such disasters.
Yours truly,
Michael Dawson M.D., Kenton
Lambert FRCS, Leslie Rourke
M.D., Reknab Lal M.D., N.
Pearce M.D., D. Pearce M.D.,
Bruce Thomson M.D., E. Turton
M.D. FRSC, Jim Hollingworth
M.D., David Murphy M.D., Roy
Lomas M.D., H. Cieslar M.D.,
J.M. Watts M.D., Jim Rourke
M.D., C. Chan M.D., P. Anand
M.D. FRCS, D. Neal M.D., P.
Conlon M.D.
Footnote: several physicians were
unable to sign, because of
vacations.
Area physicians
protest dismissal