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Page 8. Whtby Free Press, Wednesday, March 30, 1994 WHrBY FREEPRS '1 $539million.inretaýil sles in193 The. combined încome of Wiiitby families ie well above the national average. According te, figures from the 1991 census, the average faily income in Whiitby was $"836 -- 28 per cent hîgh.r than the Canadian average of $46,137. ii. Whitby numbers were also greater than the. Ontario averae of $52,225 and the $50,821 average family income in Osh- awa. The percentage of the. work- force in managerial positions and those with a universlity degree or certificat. also exceeded the national figures. Ini Whitby, 16.3 per cent of the. workforce was employed in a managerial position, compared to By MrkReesor An alI-season, vinyl decking material usedto cover docks, ramnps and roofs, emong other surfaces, je almost as strong as coement says the Whitby coni- panly wiiich distributes it. Carol Vokey, promotions manager with Jenco, which holdo the Ontario rights to, 'Sun Fr..', says the product je so strong because it's glued -- double bon- ded -- and then heat welded to a surface. '"'leh materials' actually mel- ted together so it becomes totally waterproof. It takes a thousand pounds per saqe inch in order te even bond it, te meke a wrinkle in it.» Sun Fr. je resistant te fading mildew, rot, mose, heat and ultra-violet light, is fire retar- dant and non-tic, waterproof and anti-skid. It cornes in eleven different colours -y ou cen order a custom colour with a minimum order -- five thickness.s and two surfaces and is guarent.ed for five years ageinst defects in workmanship and materiel. Vokey says Sun Fr.. is us.d most frequently on decks and p atios tiiet are over living areas, bcause it waterjroofs it...he' sazne as a roofing material.» Sun Fr.e costs about $4 a sg uae. foot installed for the 30 mn. thicknss (it's aIea available in 40, 60 and 66 ml.) «A lot of people think, when you first give them the quote, that it's expensive, but when you put that over 25-years itVs not v.ry expensive.» 12 Per cent for Canada, 13.6 per cent for Ontario and 10. 1 per cent for Oshawa. Tii. percentage of Witby resi- dents Iiaving a university degree or certificat. was 17.8 per cent. Tii. corresponding figures for Canada, Ontario and Oshawa were 16.3, 17.2 and 10.1 respec- tively. Tii. number of Wiiitby resi- dents with some foni of post- secondary education was 4Zpr cent. Inx Canada the number was 40 per cent,$ Ontario 41, and Osh- awa 36. According to the. ceneus, Wiiitb also had more young people than the national average. Thi. product was developed almost 20Oyeers ago in British Columbia, where Vêkey says it's «a Iiousehold name.» '«Tis y.ar were hoping to get te the point where we cen do enough advertising te make it a hous.Iiold name here too.» Tii. etrong upward trend in new home sales continu.d in February, merking the' fifth consecutive month of significant growh inthe market, Greater Trot Home Builders Association (GTHBA) president Peter Langer announced recently. New home sales totalled 1,648 in February 1994, up 62 per cent compared with February 1993, and up 54 per cent from Januery 1994. Over the. lest five months, new home sales have increesed 44, 70, 77, 64 and now 62 per cent respectively, compared with the same month the previous year. Tuer. were 48 new home sales in Whitby. "Tue preponderance of positive economic newe, perticularly no tax increases in the federel budget and many local municipal budgets, combined with outtanin affordebility, has buoYed consumer confidence. Tiiere's clearîy sometbing going Tii. percentage of people under 20-yeareod was 37.7. Inx Canada the numbr was 27.7 while for Ontario and Oshewa ihe fIgres wer. 27.1 and 28 respectively.r Meanwhile, a survey under- taken by the Financiel Post shows that Wiiitby's 67,100 resi- dents spent $1.34 billion in 1993. 0f this total, $539 million was spent on retail goods, followed by $335 million on taxes and security and $219 million on shelter. Wiiitby residents spent $178 million on food, $176 million on transportation, $86 million on clothing, $83 million on recrea- tion, reading and education, and $49 million on health and per- sonal care. Sun Free cen be seen et the upcoming National Home Show in Toronto. It will also b. on display in J.nco's new warehouse/ehow- room, which the company hopes to open in Whitby by the. end of April. on out there and positive," Langer said. it's very TADR to mount tou rism show The Tourist Association of Durham Region (TADR) is inviting, businesses to take part in the 1994 Durham Tourism Show on April 7 at the Metro East Trade Centre. Information on short getaways, shopping trips or long vacations withî'n t e reg'on will be presen- ted. There wiil be more than 100 travel and tourism displays. There will be a petting zoo, entertainment and ï,rizes. Complaining won't reduce high taxes. Seeing me will.. February new home sales Up 62 per cent Your Financîal Health Derek Dutka Tax deterral of capita gains Lest month's federal budget wiped out the $ 100,000 capital gains exemption. Everyon. wi11 b.1 allowed to «ciystalize' any gains.they had on the budget date. This muet b. don. on rour 1994ý income tax return (whicéh muetbe completed by April 30, 1995). Capital gains stili offer the benefet of deferring tax until you actually cash in that stock or mrutual fund. With a terni deposit, you muet pay taxes on the nterest eerned each year -- even if' you do not receive it.We longer you holdth ivestmePnt, the greater your deferral. Even though stocke and equity mutueil 1funds are long-terni investente' there are times when an investor may went to hage his or her holdings. This will trigger a capital gain,an taxes will have to b. pwd Under current tex laws, share exchanges within the saime company do not trigger a capital gain. or exaple Moose Pasture Mines (fiction1 omany) has three classes ;î~ shares: A, B and C. If y ou purchae $1,000 of class A shares and they grow to $2,000 in value, you can pxchange them for $2,00 worth of class B or C share i tho0* triggering a capital gain. It is only when you selI right out oftMoose Pasture Mines that you will have to declare your caia This doesn't do you much godUnless you have large odgoin compen«es with difret classes of shares that also offer dfeetlvl of ri sk. }Iowv, there ie one mutual fund companthat has designed amt fund te tae. advantage of To the beet of my knowledge, the Canadien International (CI) group of funds is the only mutual fund company in Canada to offer this program. It iscalled the CIsector fund. This isan open-ended mutuel fund with different classes of special shares. Mones invested in each of these eial shars r used te purchase units of the correspondingVJ funds.es.r TMe. benefit is in the feet that the shares of the different classes of the CI sector fund cen b. exchanged for the saime dollar emouint of another clase without being a deemed disposition for capital gains purpo is. This allows you the freedom te make chenges in your pesonal portfolio without income tex concerne. The only timé a taxable disposition is triggered is when you redeemi froni the CI sector fund. Systexnatic withdrawels and dividende are still taxed as they normally would be. While any investor cen meke excellent use of the CI sector fund, the fund should perticuletly benefit investors who are in high marginal tex breekets, went the freedoni to move in and out of different types of funds without immediate tex consequences and w o are planning on leaving the. money inveeted for a long period of time. Here's an exemple of the magic of deferral essuming a 12 per cent annual return, a 20-yar holding period, a 50 per cent tex bracket and annuel rotation of investm.ents. A $100,000 equity mutuel fund taxed annually would compound te $424,785 (1.3 times the GIO). A '$1Ù0,000 investment in CI sector fund would compound to $64Ã",393 (two times the GIC and 1.5 times the annually taxed equity fund). Remember, the above is an illustration, Diversification is always an important consideration. Ask a financial advisor if this idea cen work for you. Derek Du tka is a linan cial consultan t in th e Mitby/ Osha wa area. Fr,ý r