HomeMy WebLinkAboutThe Wingham Advance-Times, 1989-01-24, Page 3Heart, stroke fou
starts 31st camp:a:J9p.
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The Heart and Stroke 'Foundatior; of the Heart and Stroke Foundation professional educatiell,
of Ontario kicks off its 31st annual of Ontario reports that events will Some facts about beating
fund-raising campaign on include the presentation of a heart-
1
's Number 1 killer include:
Wednesday, Feb. 1. shaped cakes to the councils of the anadiins spend less' than" 60
The foundation needs to raise a five towns in the county„ cents each month to fight heart
record $26 million for its research Heart disease and stroke remain disease and stroke.
and education programs coinbatting the leading causes of death in -Canadians spend almost $10 each
the disease that claims more lives in Ontario and Canada — more than all mactrith on between -meal snacks in
Canada each year than all other other diseases combined. restaurants.
diseases combined.. Approximately 80,000 Canadians, -Donating the price of a muffin or
In this community and across the 30,000 of them from Ontario, die a cup of coffee each month would go
province, activities have been each year from heart disease and a long way toward improving the
planned to help achieve the Heart stroke. odds against heart disease and
and Stroke Month campaign goals. Every one out of two Canadians is stroke.
Locally, the Huron County chapter at risk. The foundation is a registered not -
In the last three decades, research for-profit organization With a
HCBE approves
findings have made invaluable mandate to reduce death and
expanded French
contributions to improvementsin disability from heart disease and
cardiac surgery, heart transplants stroke by raising funds for research
language program and treatment for congenital heart and education.
defects
Its fund raising and education
Huron County public school stu-
According to the foundation programs are delivered by volun-
dents will be receiving more French president, J. Douglas Sheppard, the teers in 72 chapters across Ontario
instruction, if qualified teachers can public's financial support is critical' including Huron County.
be found.
to further advances in the field.
At its Januar
y meeting, the Huron v The Heart and Stroke Foundation
County-I3oard of Education passed a of Ontario funds more than two -
resolution which will see its French thirds of all heart and stroke
language instruction program •research in the province,
doubled in Grade 4 and expanded to
IA The foundation allocates 79.2 per
include Gra 1 es 1 and 2, cent of its money to research and
Trustees approved the motion fol- 10.3 per cent to public and
lowing a lengthy discussion during a
closed session portion of the
meeting. Fordvvich plans
The goal of the new program is to •improvements
make mandatory 20 minutes of
French per day for all public school tO tennis facility
pupils in Grades 1 to 3, and 40
,
minutes per day for all students in GORRIE — On Jan. 3Howick
,Grades 4 to 8. Connell heard a delegation from Bob
Currently, students in Grades 3 Petznick regarding the construction 11
of a new, or the renovation of the
and 4 receive 20 minutes of French available to Canadians and is,
existing tennis court.
per day, while those in Grades 5 to 8 therefore, immensely popular.
get 40 minutes. An RRSP allows you to save
"This has been a very difficult money for retirement, or other
issue. I feel that the board has purposes, with pre-tax dollars. You
handled it well," said Bob Allen, don't pay tax on the money you put
ifellEllireetor educaticin:' into your ItlkSP nor do you pay tax
Trustees, he noted, had rejected a on the income earned by your RRSP
similar motion in December 1988 each year until you cash in your
which would have seen French plan.
become a mandatory subject for all The federal government in -
public school pupils from Kinder- troduced the RRSP in 1957 in an
garten to Grade 8. effort to encourage Canadians to
No time limit has been set 'or a
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GARRY KAVANAGH Wingham Business Association treasurer,
presents past president Elmer Squires • with a carved loon at
WBA' regular January meeting last week. The presentation is a
farewell gesture to Mr. Squires who is moving to Hanover.
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During the next two months,
Canadians will be bombarded with
advertisements promoting Regi-
stered Retirement Savings Plans
(RRSPs).
Financial institutions are fiercely
competitive, and no wonder. Billions
of dollars are at stake. The RRSP is
virtuall th
y xseersi
Mr. Petznick informed council the
Fordwich and Community Parks
Association will again apply for a
provincial grant and a grant or loan
from Howick- Township- to begin the
badly needed improvement of the
area tennis facilities.
Renovations to the existing court,
resurfacing, and the extension of the
court 20 feet to regulation size are
nu -led and have been requested by
th, c! using the facilities over the
past four years.
In April 1988 a request for a $6,000
loan from council was turned down
because of the proximity of the court
mass a pool of • capital for
implementing the program, Mr. retirement income purposes. The
Allen said. government recognized that old age
The reason, he explained, is that security and employer pension plans
every board in Ontario is having combined won't be enough money to
difficulty in- attracting qualified
French teachers because of a
critically short supply.
The HCBE has been actively
seeking recruits for some time, but
without success.
The board's ultimate goal is to
have a French teacher at each of its
24 elementary schools, a goal which
will require the addition of six more
than are already on staff.
Mr. Allen said that the issue had
been debated in camera because of
its impact on contract negotiations
currently before the board.
The geography of Huron County is
such that the HCBE is not likely to
ensure worry -free retirement. But if
to the new ball diamond. Tennis families or individuals invest each
players were endangered by fly- year in an RRSP, by the time they
balls and home runs that frequently retire from the work force they
landed on the court. should be able to enjoy a financially
comfortable retirement.
A second request, last July, to
support a provincial recreation The RRSP rules are quite
straightforward. You can have as
facilities grant was also turned down
many RRSPs as you wish and can
as council was unable to commit the
contribute as much as your financial
next council to such an expenditure.
circumstances permit, up to certain
Mr. Petznick explained the new limits. You can contribute to a plan
application is for a two-stage pro- on a regular basis; such as once a
ject. The first stage includes the mon r in lump sums.
construction of a new court' while Contri tions may be made up to
phase two would see the addition of 60 days ter each year-end. This
flood lighting for the following year. means that your 19 taxes, you
become involved in French im- Total cost for the two stages will have until M rch 1, 1989 to con-
mersion programs, but trustees feel be $26,017. This price is based on 1988 tribute to your RRSP. You can claim
that the board should be offering a quotes. the amount of your contributions as
first-rate core French program. At the same time the resurfacing a tax deduction when you make out
Board Chairman John Jewett said and reconstruction of the old your 1988 income tax return.
the attitude of students also had an facility, the installation of the flood There are two contribution
influence on the HCBE's decision to lights and the needed safety netting limitations. Firstly, if you are not
extend French instruction in Grades will bring that total to $22,000.
participating in an employer-spon-
1 and 2.
Council felt it was adviseable to sored pension plan, your maximum
"Some of the trustees feel that allow for a grant from the township contribution to an RRSP is $7,500 or
when young people reach a certain - if and when the parks and recreation 20 per cent of your earned income,
age, around Grade 6 or 7, there is a committee and the government
little.more resistance to French." approvedloans. At that time council whichever is less. Secondly, if you _
are a member, 41 registegfe
The trustees hope to get students is willing to come through witkjts pension plan of deferred Ore&
involved in French at an earlier age, grant covering one-third of. the sharing plan sponsored by your eh,.
when their minds 'are still open to expenditures. Council was also
_
new ideas, ployer, you can contribute up to
pleased to learn the tennis $3,500 annually or 20 per cent of your
In terms of the provincial eommittee is raising funds earned income (whichever is less)
average, Southwestern Ontario is at _independently from. the parks and minus your peniiotr, plan con -
the lower end of the French instruc-,tributitms.
recreation committee.
tion scale, and according to Mr. The application deadline for the Besides the immediate benefit yen
Jewett, Huron County has been at government loan is in September._ obtain by claiming your 1tRSP
the low end of the Southwestern The loan would therefore not be eoribibution as a tint deduction from
Ontario scale. available until 1990. Consequently your 1 income, yOu will enjoy a
This was another of the eon- construction of the new facility long-term tax benefit. You pay no
siderations which contributed to the would begin no sooner than in the tax on the investment earnings in
board's decision. summer of 1990. your plan until you start
•By flarry L Mardon
• withdrawing money from it. As a
result, earnings grow much faster
within your plan than investments
which are exposed to tax.
And, when you start to receive
retirement income from your RRSP,
you may bring earningOnto income
gradually, to further defer tax.
You can retire at any age and
begin taking an income from your
RRSP. However, you must de-
register your plan before the end of
the year in which you become 71
years old. At that time, you have a
number of options. You -can put the
money you amassed in your RRSP
into a Registered Retirement
Income Fund (RRIF) to provide you
with a regular flow of annual income
over a 2 -year period, or you can use
the money to purchase an annuity.
You also may take the RRSP funds,
or some of them, into your income,
but keep in mind that you'd likely
have to pay quite a bit of tax On that
lump sum.
There's nothinOrstep_yeu using a
combination of RRIF, amiuity and
cash — whatever suits your finan-
cial needs and eircumstamces
Incidentally, •you can designate
part of your annual RRSP con-
tribution to your spouse's plan.
Then, on retirement, both you and
your spouse will have a source of
income which can be taxed
separately. The end effect is that
your total family tax bill will be
smaller.
Mr. Mardon is manager of cor
porate communications for
Investors Group Inc., the Winnipeg -
based financial planning services
company.
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