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

"A Family Tradition for 133 Years" PORT PERRY STAR - Tuesday, March 2, 1999 - 16 Mildred Dearborn will celebrate her 90th birthday Saturday By Doris Hill Greenbank News The family of Mrs. Mildred Dearborn are holding a drop-in party for Mildred to celebrate her 90th birthday on Saturday, March 6 from 2 to 4 p.m. at Faith Place, 44 William St. W., Oshawa. We enjoyed the beauti- ful singing of the Jubilation Choir at church on Sunday. We are blessed to have so much musical talent in our area. Lindsay Presbyterial U.C.W. annual meeting is at Cannington this Thursday, March 4. Registration begins at 9:30 a.m. Speaker is Betty Radford Turcott and the subject is close of the ecu- menical decade. World Day of Prayer is at Seagrave United Church on Friday, March 5. Dessert at 12:45 p.m. with speaker Jane Litt. Program prepared about Venezuela. The next Folk Music night will be held on March 13. The performer 1s "Valdy." Phone 985-8351 for tickets. Another fun evening at the euchre party on Friday with prizes going to: Ladies - Mary Drewery, Jean Hunter and Muriel Tassie. The gents winners were - Roy Blain, Ralph Dusty and Ed Bain. Lucky draws were won by Jean Hunter, Mary Drewery and Willie Stone. Sorry to report that Mrs. Aileen Dobson is ill. We wish her all the best. Margaret and Robert Couperthwaite and Fern Burnett visited on Sunday with Marion and Les Jermey and family at Orillia. Greenbank Women's Institute Last call for anyone interested in the Women's Institute our Motto "For Home and Country." It's a world wide organization with over six million mem- bers working to improve our environment. Just a few of our accom- plishments - Due to a i] Tax Protector They say there are only two certainties in life - death and taxes. But did you know that, even in death, there can be taxes? However, with the proper planning, it doesn't have to be a'certainty. Without planning ahead, your heirs may have to pay pun- ishing taxes on your Retirement Savings Plan (RSP) or Retirement Income Fund (RIF). Your heirs could also pay taxes on certain assets where there are unrealized capi- tal gains. Many RSP/RIF plan- holders are not aware that half their retirement sav- ings balances are directly payable to the government on the death of the sur- viving spouse. For exam- ple, on a $300,000 RIF = Kelly, Greenway, Bruce, Korb BARRISTER AND SOLICITORS Motor Vehicle - Criminal - Personal Injury Wills - Real Estate - Family Law Corporate & Commercial Evenings and Weekends by Appointment 114 King St. E., Oshawa 723-2278 fr How to stop your spouse, family from paying after you pass on death of a young child this organization started with the pasteurizing of milk which led to testing cattle for brucellosis. It formed the MacDonald Institute at the University of Guelph, wrapping of our bread, recycling, clear markings on containers containing poison, painting lines on high- ways, signs at railroad crossings, mandatory stopping for school buses with flashing lights, music as part of the school cur- riculum, enforcement of handicapped parking and enforcement of the Living . Will. As results of our efforts the telephone booth and blinking light were installed at Greenbank. Resolutions are made and passed at this level, then passed on to the local and provincial levels of government. We sponsor 4-H clubs, give scholar- ships to encourage and help young people to con- tinue education. | We find shelters for bat- tered women, hospitals and nursing homes. For our 100th year cel- ebration held in Hamilton, over 2,000 ladies came from all over the world. We sat with English and Scottish ladies for our bar- becue. The next day we met a lady from Greenbay Australia wanting a pen pal from Greenbank. Our branch at Greenbank is on the verge of disbanding if we do not find ladies that are inter- ested in continuing this fine work. Please help us out. We meet the third Wednesday each month. Our next meeting will be March 17 at 1:30 p.m. at Muriel Gibson's home. If interested please contact 'Muriel at 985-7457 or Margaret at 852-6693. With spring just around the corner the sale of the 55 1b. bags of 21-7-7 fer- tilizer is going great. We have already sold 110 bags of the 200 and at $15 a bag it's a terrific price. You are helping to raise Easter Party on Saturday, April 3. Phone 985-3723 or leave your name in the Lions Box at the store. Come and see a puppet show, a petting zoo and some Easter movies from 11:30 a.m. to 1 p.m at the Greenbank Hall. funds for local projects and are getting this 50 per cent slow release prod- uct for about half price because the tax is includ- ed. Phone 985-3723 to order while they last. Don't forget to register your children for the Lions GStore PHARMACY Healthwise Clinic Please join us at our upcoming Clinic Day to learn more about DIABETES Thursday, March 4th, 1999 Between 2pm to 7pm at REID'S INDEPENDENT 1893 Scugog St., Port Perry 985-3308 THE It vou wish to make an appointment, please stop by the Pharmacy or call in advance. account balance, there could be roughly a $150,000 tax bill from Revenue Canada. An easy, cost effective way to compensate for this tax bite is to purchase a life insurance policy which provides a lump sum of cash that is equal to the tax bill. This lump sum is given to your intended beneficiary on a tax free basis. Furthermore, it does not trigger any accounting, legal or pro- bate fees in the estate of the planholder. The cost of this insur- ance ranges from 1 to 2 per.cent of the average RSP/RIF account balance. If you own any of the following types of assets, your heirs may face a bill for unrealized capital gains: A wath Me TY a shares of a private corporation ashares of a public com- pany areal estate (other than principle residence) 'a'U.S. assets a collectibles such as jewelry, antiques or fine art After death, your assets can be transferred to your spouse without incurring taxation. However, on the death of your spouse, the capital assets in your estate are treated for tax purposes as if they had been sold. But what if your heirs don't want to dispose of the assets - often trea- sured family heirlooms - to pay the tax bill? Well, they could pay the bill out of pocket. Perhaps they could borrow the money. Or you could plan ahead by purchasing an insur- ance policy which allows your heirs to retain the family heirlooms and costs far less than what the tax bill would be. RBC Dominion Securities Investment Advisor Robert Gow. Call (905) 434-7156. available. Youngsters should consider filing tax returns as soon as they obtain their first part-time jobs - even if they are not taxable. Here's why: income earned from part-time jobs is earned income for RRSP purposes. For example, a student who has a part- time job and earns $4,000 per year from age 16 through 21 will accumulate an RRSP deduction limit of $4,320 by the time he or she graduates from university! This provides additional tax- saving options that would not otherwise be With proper planning, there could be no taxes after death [ SCUGOG FINANCIAL NY 8 AY (0 IND (OF e Annual Rates ° GIC 1 YEAR. .aeeeeeeeeeereeenns 5.00% 2 YEAR. ...ceeeeeeeeeeennnns 5.20% 3 YEAR. ..ccoeeeeeneennnn 5.25% 4 YEAR. ....eeennnnns 5.30% 5 YEAR. ...eeeereeeens 5.40% 30 DAYS CASHABLE - $1,000 minimum Rates subject to change without notice "Serving Scugog For Over 15 Years" 250 Queen Street, Port Perry 905-985-3832 (next to Shoppers Drug Mart) RRSP 5.00% 5.20% 5.25% 5.30% 5.40% 4.65% [_ SHEPHERD & POWELL | ---- CHARTERED ACCOUNTANTS ---- Accounting, Income Tax, Financial and Estate Planning & Consulting Services | INDIVIDUALS ¢ BUSINESSES ¢ FARMS Assistance in filing Government Forms and Returns RETURNS § New Business Planning and Startup PREPARED Evening and Weekend Appointments available FREE INITIAL CONSULTATION Personal, Confidential Service DAVID R. POWELL, s.coum., M8.A., CA., CFP 250 Queen Street, Port Perry 985-9791 (next to Shoppers Drug Man) 'E-Filing' at No Extra Charge