26 — Wednesday, April 9, 1997 — North Shore News students get learning link Cap College, scheols sign deal By Michael Becker News Editor IT will be easier for business-minded sec- ondary students to go on to Capilano College. Representatives of the Capilano College business administration department and several local school districts gathered March 25 to sign an agreement that in essence min- imizes the duplication of cur- Ficulum content. The arrange- ment recognizes equivalent learning atrained by students while in secon school. Said Capilano College’s Business Administration D ent chairman’ Doug Loblaw, “This is ali part of a concept developed by the min- "istry called ‘charting a course.’ If you're in high school we want to make it as easy as pos- sible to go to college. Some people will choose to go right to university, but the college system is kind of a transition period for sorne. They can do their diploma and now of course complete 2 degree (through Open University) , all at Cap. i we have done in this articulation agreement. is to help (secondary school) stu- dents get credit for what they took in Grade 12 when they (Business enter the i diploma,” Administration) Loblaw said. There are two core courses in the college’s business diplo- ma program — marketing and accounting —- for which sec- ondary school students can ' eceive college credit. if they meet certain academic criteria. Capilano College and the school districts of North Vancouver, West Vancouver, and the Sunshine Coast have teamed up for the deal. There are nwo options avail- able to all qualified business education career preparation students. In one option qualified graduates will be automatically accepted into the business administration program. Applications for these seats wili be accepted up until the first week in August. Seats will be given to students interested in -time enrolment in the pro- A second choice, a course equivalency cption, is based on the completion of all core material in the 1990 Ministry Business Education Curriculum Guide, use of the recommended textbook and use of industry standard soft- ware. Students can receive college credit for: BFIN 141 — completion of the Financial Accounting 12 (secondary school) with “B” or better equals credit for BFIN 141 - Accounting (Capilano) or, completion of Applied Accounting 12 with “B” or better and successful comple- tion of a written challenge exam administered and assessed by the Capilano College Business Administration Department, BMKT 16] — completion of Marketing 12 (secondary school) plus Business Management 12 (secondary school) with a “B” or better equals credit for BMKT 161 - Marketing (Capilano). _. - NEED MORE CASH _ IO. GROW YOUR BUSINESS? _ Ideally suited for companies with Receivables of $20,000 to $200,000 Call the Pyx Financial Group at (604) 921-7334, Ask for Bari FUNDING FOR SMALL BUSINESS GROWTH. Ute Annuity 10 yr. Guarentee For your personal Annuity or ASIF ilustration or a copy of ma our Guide, ‘call eee 925-3101 ‘QIE.CUARD Rate Watch .. THE RETIREMENT SPECIALISTS Monthly income on $50,000 investment . Solguard Financial Ltd. 401-100 Park Royal S., West Vancouver Buitding better retirement incomes since 1974 Robin Brayne, ON hand to sign an articulation agreement are (left to right) North Van school district suporintendent: Dr. p College president Dr. Greg Lee, West Van principal Jerry Toward, Cap Collage dean of busi ness John Potts and Sunshine Coast schoo! district careers ccordinator Ken Rogers. TD BANK S ADVERTISEMENT EMINAR OFFERS _ RETIREMENT INCOME SOLUTION |f ith the threat of a reduction in Canada pensions and low rates affecting in- terest earning income, the need for seniors to be aware of other retirement income options is becoming critical. Although well informed about their investments, many seniors are not aware that they are literally sitting on one of their largest assets - their house. Informative seminars held throughout the Lower Mainland are showing how retirees can take advantage of the equity in their home and use it as retirement income through ‘TD Bank and the Canadian ‘dome Income Plan's reverse mortgage program. Spokesperson for CHIP explains the bevefits of the reverse mortgage at a local seminar. Carol Christopherson _ Spokesperson for Canadian Home income Plan™ (CHIP) feels that the most under utilized asset of most people is their home. ‘That is partly because, until 10 years ago there was no good way of using the equity in the home without selling it,” says Christopherson, “but since the reverse mortgage was developed in the late 80's more and more people realizing that they can have their cake and eat it too.” The reverse mortgage was designed by the Cazadian Home Income Plan™ Corporation in 1986 to pro- vide Canadians over the age of 62 with a unique finan- cial opportunity. Through CHIP™ they were able to access some of the substan- tial equity that had built up in their homes. Over the past ten years, thousands of eligible homeowners have taken advantage of the pro- gram to enhance their lifestyles and assist their children with financial goals. Because the home represents the majority of assets for retiree’s, unlock- ing a portion of its value to provide a desired lifestyle appears to make a lot of sense. The amount of equity that can be taken is based . on age and can be received all as cash, if there is a spe- cific need, all as a monthly income, or as a combination of both. This enables the in- dividual to tailor the pro- gram to the financial free- dom they desire. The most popular use of CHIP™ can be grouped under the cate- gory of “Lifestyle.” Vacation, home renovations or a new car would all fit in there along with home help which could be anything from a gardener once a month to 24-hour-a-day nursing care. One of the reasons for this is that the monthly income created through CHIP™ al- lows interest income to be received on a non-taxable basis {while the mortgage is still in place) through a tax ruling they won in 1987. This opens up some inter- esting tax planning opportu- nities as well as the ability to pass a portion of the chiil- dren’s inheritance to them at an earlier date when they _are probably more in need. CHIP™ js known as a re- vers mortgage because no repayments are required on the capital advanced during the homeowner’s lifetime. Instead, the principal plus interest is repaid all at once from the estate (In some cases, a fee may be payable to the lender). This leaves the homeowner to enjoy the full benefits during their lifetime knowing that it does not require repayment until they die. Both the mortgage component and the income option (if that is chosen) are guaranteed to continue for the homeown- ers lifetime providing secu- rity to the homeowner. Security has been an ex- tremely important concem to the Canadian Home Income Pian™ Corporation and they have taken many steps to ensure tctal security to the homeowner. Not the least of which is the stipula- tion requiring all applicants to review the legal docu- ments with theiz lawyer be- fore they are allowed to enter CHIP™ - that cer- tainly provides a great deal cf peace of mind. : If security is number one on - peopie's list then flexibility is a close second. CHIP™ is aware of this and has de- signed their reverse mort-; gage to provide full flexibil-* ity to move at any time or even rent the property should that become neces- sary. They have really worked to understand their target market and develop a - .- product to fit its needs. eo “Our primary objective at: -- CHIP" is to educate peo-. ple about the CHIP™ re- verse mortgage. Retired people have spent many hours learning about RRSP options, annuities, mutual funds, government benefits - and other retirement income -. options; they owe it to ey themselves to invest a little time learning about CHIP™ For an information package please mail the coupon below to #1155 - 555 Burrard Street, Vancouver, - BC, V7X 1M8. Call CHIP™ at (604) 685-2447 to reserve your seat at the seminar on April 17 at the Lonsdale Quay or on April 30 in West Vancouver. Seating is limited. SESE Tap UTTEaPTIORIDEEP SEARED SPSUREENEUDEEPEREDERESENP OUR RPE | poeeeee. { Tam cligible for CHIP. Please sead me an iaformation package to explain how can beach Existing Monga; NS-97-01 pece en erm etme renee nee eeewennen en enna anon tenes nennnnnsaneeerersnnneeneed