The Citizen, 2002-07-10, Page 20BOX 158 WINGHAM ONT NOG 2W0
A cemetery is a history of
people, a perpetual record of
yesterday and a sanctuary of
peace and quiet today. A
cemetery exists because every
life is worth loving and
remembering - always
Distinctive Memorials of
Lasting Satisfaction
North St. West, Wingham
Mac & Donna Anderson
(519) 357-1910
HURON
SUPERIOR
MEMORIALS
ESTABLISHED OVER 70 YEARS
MIA
4 4;/.1:1•1114111
lb,••• /1
../1111,72
Serving Blyth and all of Huron County
MICHAEL FALCONER
Beattie-Falconer Funeral Homes
Tasker Chapel
153 HIGH STREET, CLINTON
Bus.: 482-9441
Res.: 482-3664
Evening appointments available
Jacquie Gowing
Accounting Services
Computerized Accounting &
Income Tax Preparation
Personal, Farm, Business
& Corporate
• Monthly Bookkeeping
Services
• Electronic Tax Filing
887-9248
INSTANT FAX
AS
F.A.S.T
AS
A
PHONE
Send your paperwork by FAX
instantly, eg. statements,
contracts, auction ads, favorite
recipes, obituaries, messages...
The Citizen has a FAX machine
in our office that lets you contact
any other FAX machine in the
world ... instantly.
Our FAX number is also your
number so if you want to be
reached instantly — we will receive
your messages as well.
Call Us Today For Details
523-4792 or 887-9114
FAX 523-9140 or 887-9021
The Citizen
6
106441 d' PRESSURE WASHING
519) 887.9T71 BRUSSELS, ONT..)
• RESIDENTIAL • FARM
• COMMERCIAL
• Hot/Cold Water
• Disinfecting
• Chemical/Detergent
Application
WILLARD J. ROPP
Bluevale, ON NOG IGO
519-887-9771
- SCOTT TOWNSEND
PLUMBING & HEATING
• FURNACE 1:?• CENTRAL AIR
• FIREPLACES
• GAS WATER HEATERS
• IN-FLOOR HEAT
• BOILERS
Serving hour area
(519) 482-3744
VANDRIEL
EXCAVATING INC.
EXCAVATING - BULLDOZING
BACKHOEING-SEPTIC SYSTEMS
FARM DRAINAGE - PONDS
• TOPSOIL • SAND
• GRAVEL
Clinton 482-3783
ALLAN FRETZ
WELDING & REPAIR
Tel: (519) 887-9707
Fax: (519) 887-9163
'Custom Built Loaders ' Tractor Attachments
• Buckets ' Bucket cutting edge replacement
• Bucket quick fit plates' Stone or Manure Forks
' Pallet Forks' Bale Spears
Snow or Silage Blades (plastic)
RR #3 Brussels
Products also available at
McGavin Farm Equipment Ltd.
Kara Pepper, RMT
Registered Massage
Therapist
Working with
Kathy Lorentz-Hare
412 Queen St., Blyth
By appointment
523-9400
DONALD IVES
General Contractor
Berg Farm
Equipment
BRUSSELS 887-9024
THE RURAL VOICE
MAGAZINE
Don't Delay — Subscribe Today
The Rural Voice
Produced by people with farming in
their blood. Serving more than
13,500 readers in the region.
One year for $17.12; two years for
$28.35
(GST included in prices above)
The Rural Voice
Box 429, Blyth, Ont. NOM 1H0
519-523-4311
holdice
INSURANCE LTD.
"Locally owned & operated"
P.O. Box 69
470 Turnberry Street
Brussels, ON NOG 1H0
(519) 887-6100
Fax: (519) 887-6109
e-mail: sholdice@wcl.on.ca
D & J
CONSTRUCTION
• General
Carpentry
• Roofing
• New Buildings
& Renovations
Jim McDonald 887-9607
ELLIOTT NIXON
INSURANCE BROKERS INC.
4 Generations BLYTH, ON R. John Elliott Res. (519) 523-4323
Since 1910
NOM 1HO J. Richard Elliott Res. (519) 523-9725
519-523-4481 Randy Nixon Res. (519) 523-4989
MEMBER OF HURON INSURANCE MANAGERS GROUP
PAUL COOK
ELECTRIC
Home, Farm &
Commercial Wiring
BELGRAVE
357-1537
PAGE 20. THE CITIZEN, WEDNESDAY, JULY 10, 2002.
Keeping cottage in family can be a challenge
You've had a cottage for years,
and you want it to stay in the family.
But is that what your children want?
"Many parents assume their chil-
dren want the cottage, but it often
isn't the case," says Chartered
Accountant Grant Robinson,
Guelph. "Your kids have their own
families and routines. They may not
be able to afford a cottage or they
may not want to share it."
The best way to find out is to ask.
"Once you know what your children
want, you can plan accordingly,"
says Robinson. "If no one wants it,
or if the children can't agree, it may
You want and expect more than
just great tasting food when you dine
out. But how do you know if a
restaurant practises safe food han-
dling and sanitation procedures?
How do you find restaurants that
offer healthier meal choices and
more non-smoking seating than is
required by law in your commun-
ity?
"Eat Smart! Ontario's Healthy
Restaurant program, takes the guess
work out of choosing restaurants
which demonstrate exceptional
standards" says Barb Chisholm, die-
titian, Huron County Health
Unit.
"When consumers choose to dine
at an Eat Smart! restaurant, they are
guaranteed a variety of healthier
food choices, both on the menu and
by request, a track record in safe
food handling with kitchen staff cer-
tified by public health and more non-
smoking seating than is required in
the community" she explains.
The Eat Smart! program is a
be best to sell."
If you leave the cottage to some
children and not others, keep in
mind that the capital gains tax on it
will be paid out of your estate. To
treat your children equitably in this
circumstance, be sure they receive
bequests of equal value. "Some kids
will get the cottage 'share' plus cash,
and others will just get cash,"
explains Robinson. "The total would
be the same, but made up of different
assets."
"Do your homework and deter-
mine the cottage's value," suggests
chartered accountant Karen Siezak,
province-wide initiative that gives
an "award of excellence" and vari-
ous promotional items such as door
decals, table tent cards, information
brochures and consumer information
cards to participating restaurants.
Restaurants may apply to join the
program or they may be nominated
by consumers or public health
inspectors.
When an application or nomina-
tion is received at the health unit, an
assessment of the restaurant is con-
ducted. The Eat Smart! assessment
involves nutrition, food safety, non-
smoking seating and review of pre-
vious inspection records.
The award is valid.for one year, at
which time the restaurant must reap-
ply and be reassessed in order to
ensure they maintain all necessary
criteria.
The program was initiated in
1999. Close to 700 restaurants and
31 of the 37 health units in Ontario
are involved.
New restaurants are continually
Toronto. "How much was the cot-
tage worth when it came into your
possession? What is its current
value? Once you have this informa-
tion, you can work out the capital
gains tax liability and factor it into
your estate planning."
One way to minimize the capital
gains tax hit is to buy a life insurance
policy. "If you think the tax bill will
be $30,000, buy a policy that will
pay that amount upon your death,"
says Slezak. "However, you must be
insurable, and if the property keeps
increasing in value you may have to
revise the coverage."
being assessed and added to the pro-
gram.
The goal is to lower incidences or
heart disease, cancer and other dis-
eases by promoting healthy food
choices and non-smoking environ-
ments.
The following eight Huron County
restaurants have met the Eat Smart
program requirements for 2002 and
received their awards at the Huron
County Council meeting on
Thursday, July 4 at 9 a.m.: Bluevale
Kountry Kitchen, Bluevale; Burger
Bar, Goderich; Deli-licious, Clinton;
Fireside Cafe, Wingham; Harbour
Restaurant, Bayfield; Lil' Miss
Muffins, Goderich; Redwood
Restaurant, Clifford; Riverboat
Restaurant, Wingham.
For more information about the
Eat Smart! program or if you are
. interested in nominating a restaurant
in Huron County for the Eat Smart!
award, please contact the Huron
County Health Unit at 519-482-
3416.
Another option is to place the cot-
tage in a trust while you are living.
"You will be required to pay capi-
tal gains on the cottage when you put
it in a trust, so take this route as soon
as you acquire the cottage or when
its value is low," advises Slezak.
"The value of the cottage will be
frozen for up to 21 years in the trust,
so you are deferring additional capi-
tal gains during that period. If you
die during this time, your estate
won't have to pay capital gains tax.
You can also extend the capital gains
tax deferral by passing the cottage
out of the trust to your children any-
time before the 21-year mark."
If you inherit a cottage, "don't just
start paying the bills as they roll in,"
says Robinson. "Step back and fig-
ure out the cost of taxes, heat, hydro,
maintenance and unexpected items.
Then you will know if you can
afford to operate it."
If you are sharing a cottage inher-
itance with others, work out an
agreement on everything from split-
ting costs to who will put the dock
out each year.
"If you can't agree, ask a family
friend or a chartered accountant to
mediate the discussion, and put the
details in writing," advises Slezak.
If you decide you don't want to
keep your cottage inheritance, sell it
as soon as possible to minimize cap-
ital gains taxes.
"It's a lifestyle inheritance, not
just a financial one," Robinson says.
"If you can afford it, and it's what
you want, great. But remember that
the annual cost of operating a cot-
tage will likely be much higher than
renting a place or going on a cruise."
The personal and financial deci-
sions relating to cottage inheritances
are complex. If you inherit a cottage
— or want the one you own to stay in
the family — ask a Chartered
Accountant for advice.
— Brought to you by The Institute
of Chartered Accountants of
Ontario.
Dining out can be healthy
Business Directory