63 [520.81] 483.64 |

462.59
473.35 7

Business

British Columbians know the
importance of small business

A NEW Gallup poll shows that
British Columbians have a greater
awareness than other Canadians of
the fact that smal! businesses far
overshadow large enterprises in the
creation of jobs and the expansion
of the work force.

In the national poll, conducted
in late April on behalf of the Ca-
nadian Federation of Independent
Business, 62.4 per cent of British
Columbians correctly identified
small business as the major job
creation force in the country.

The national average was 53.5
per cent.

The response rate in the Prairies
was 57.4 per cent, in Ontario 48.6
per cent and in Quebec 59.3 per
cent. The Atlantic region was well
below the national average at 33.8
per cent.

In British Columbia, 22 per cent
felt large firms were creating most
of the jobs, while 11 per cent
selected government. Seven per
cent said they did not know.

Oksana Exell, CFIB’s director
of provincial affairs for British
Columbia, says that the poll results
are proof that the public is well
ahead of government in making
the important distinction of how
B.C. jobs are being created.

Exell points to the recent pro-
vincial budget — which was
roundly criticized by the small
business community —- as an ex-
ample of how much the gov-
ernment has to learn in terms of
the importance of the small
business sector.

According to Exell, results from
a recently released study by
Statistics Canada on job creation
are further proof of how vital
small business is to a healthy B.C.
economy.

The nation-wide Statscan study
used information compiled be-
tween 1978 and 1984 to show that
firms with less than 50 employees

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weekdays at 732-6551.

2 (RRIF, ANNUITY)

| 60__| $497.84|$468.16| $440.20 $427.72

NOTES:

1, All incomes quoted are based on guaranteed interest rate products. Other types
of RRIFs and annuities ate also available

2, Incomes commencing only at ages 60-71 are illustraled here. However, incomes
may commence at any age pnor to age 72, at the option of the purchaser,

All incomes iltus sted start one month after purchase.
All incomes shown are on a tevel basis though they can be indexed if the initial

The “Single Lite Annuity” pays for as long as the recipient lives.
The “Joint & Last Survivor Annuity” pays for as long as the recipient and his/her

The RAIFs illustrated vail pay a level income to age 90 but shorter payout beriods,
ag well as flexible income amounts, are now available

Use this table as a guide only. Annuity and RRIF rates change frequently.

Table researched and prepared by Jim Rogets THE JAMES E. ROGERS GROUP LTD.

Turn RRSP into income at higher rates

Higher rates mean good news if you plan to convert your RRSP({s) into
income. And it’s a competitive market — good news again as long as you find
the annuity and/or RRIF with the highesi yield.

For a free, more complete, written description of all the available RRIF and &
annuity alternatives and tips on how to find the bes buy, phone PAT ALDER
of The James E. Rogers Group Ltd., between 8:00 A.M. and 5:00 P.M.

were responsible for creating 96
per cent of all new jobs in this
country.

Businesses with less than five
employees accounted for 69 per
cent of all total new jobs, while
firms with more than 500
employees posted a one per cent
job loss.

Furthermore, British Columbia
is close to the national average, as
B.C. businesses with fewer than
five employees were responsible
for 77 per cent of total job cre-
ation, while firms with less than 20
employees accounted for 94 per
cent.

In all, a total of 94,810 new jobs
were created in British Columbia
during this six-year period — 11.6
per cent of the national total. The
new jobs included 10.9 per cent
from B.C. businesses with fewer
than 20 employees.

Exell says that businesses in
B.C. with 20 to 50 employees had
a zero net job creation. Firms with
100 to 500 employees accounted

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for only seven per cent of jobs
created while large corporations
with more than 500 employees
shared a job loss of one per cent.
“If it hadn't been for the very
small businesses in the province,
we would be nowhere near the net
job gain of 94,810,”* said Exell.
“This information vividly dem-
onstrates the changing structure of
the economy and the critical role
of the small business sector.
“There should be no question of
just how vital small business is to
sthe economic future of British
Columbia or the importance of
government policy that makes
smal) business an integral part of
its economic development strate-

gy.”

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