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Page 52, May. 2.1979 - North Shore News

MAINSTREAM CANADA.

even break available

for the small businessman?

By ROGER WORTH wil buy shares in small other individuals in local ‘than similar investments in © . Fostering the growth of job
‘businesses with fewer than ‘communities. smaller enterprises. producing, home-grown
Finally, there is growing 100 employees—will recéive ‘ businesses, deserves’ the

‘acceptance of the idea that-

Canadians who invest in
small . business ventures

‘should be given an even

break by the taxman.

So far, British Columbia
‘and: Ontario have virtually

a $300 cash refund when they —
filé their next tax return.,

Hopefully, such. activity

_ will alleviate some of the

problems faced by indepen-
dent entrepreneurs when
they attempt to raise. money
for expansion projects, or for -

But the real key tofsuccess
seems
participation in local enter-
prises.

” °

Until now, many Cana-
dians haye shied away from
this type of investment,

to be cdmmunity

Across the” country,
though, the entrepréneur’s
money raising problems are
only partially resolved.

_ The seven provinces which
have yet to join the band-
wagon, for example, leave

attention of every provincial
government. Making iteasier
to add to our already vibrant

‘independent-business sector
should clearly be a top’

priority issue.

duplicated a magnificent Canadians startin new busi- an ae a ° RRSPe nad both their entrepreneurs and Rope bite Affaire " -
—— plan developed by. Quebec, 8 RHOSPs investors at,a distinct dis- Canadian Fede ration of
- providing tax incentives for nesses. ; me advantage compared to other Independent Business.
people investing in small and ~ What’s really im port: ant, In turn, these- savings Canadians.
medium-sized enterprises. though, is the clear under. - have, in many cases, been” ° °
* standing by three of the invested. in big, publicly-
Effecti ectively, » this places country’s provincial govern- owned companies such as 9.
‘investment in smaller ven ments that small business Noranda Mines, Imperial Oil
tures in the same league as counts. In fact, the impact of or Bell Telephone. In addi-
- the Registered Savings Plans 4. programs/may.-be as tion, great chunks of the
‘and-Registered Home Own- much psycholdgical as finan- money have helped finance
ership Plans that have Gia) .. the giant skyscrapers and.
become so popular in recent — shopping centres that dot the
years. It’s important to note, for ~ Canadian landscape, particu-
a - example, that most new _ larly in our major cities.
In Ontario, for example, small and medium-sized — ;
- people investing “$1,000 in a businesses are funded by the  . The reason for the policy:
small-business development entrepreneurs themselves, such investments are (or
corpcration——which ‘in turn their families, friends, and appear to be) more secure
~ ; .

POR s
eevee OF io meee soos

et

a one done
97 hisky ‘Gar

CUTS Uae Be "
APN IDIM OD Lage
Aeey Tis bee Ohaus
Sa a

EN ONE AATOR TMD CECE t8
wt) Bormete eden

cs

SS

1
—s

$1,000
HEALTH
CLUB MEMBERSHIPS

* OR x

oncor SOO —

Contest Rules -

1 To enter, complete the entry torm (or on a plain piece
of paper) and mail together with the top half from any
Schick Razor Blade Package, or totally hand-drawn
facsimile, not in any way or in any part mechanically
reproduced

2 There will be a total of 510 prizes There will be ten (10)
first prizes, each consisting of $1,000 cash which may
be used towards a Health Club Membership and tive
hundred (500) second pnzes, each consisting of a Pony
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3 Contost closes July 18, 1979 Entries to be eligible

must be postmarked not later than midnight July 18, 1979
Selections will be made from amang all eligible entnes
received by July 30,1979 Selected entrants in order to
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Skill-testing question

4 Contest ts open to all residents of Canada, 18 years

of age and over, aay amployees and members of their
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its aftilated companies, agents, advertising agencies

and the independent contest judging organization

5 This contest ts subject to all Federal, Provincial and
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COMPLETE CONTEST RULES AVAILABLE
AT PARTICIPATING RETAIL STORES.

JOGGING SUITS —

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