IC NORTH Vanconver based ICBC will hire more than 120 people this sunimer as part of its 1999 summer Youth Employment Initiative (YEI). Premier = Glen Clark, Minister Responsible for Youth, made the announcement: last Friday. The ICBC YEI is part of the provinee’s Youth Options BC Initiative, which provides young British Columbians with access to education, jobs, training and work experience. “Youth Options BC offers young people a wide variety of training and employment opportunities,” said Clark,. “As north shore news > BUSINESS part of this overall strategy, the youth employinent program at ICBC will provide 120 voung people with jobs to help pay for education as well as giving them valuable employment experi- ence,” Dale Lovick, | Minister Responsible for ICBC, said the PSBC Youth — Employment Initiative has had far reaching effects across the province. “Young, people at ICBC played a valuable role in delivering Road Sense information to an estimated = 250,000 — British Columbians in the summer of 1998. ‘These vouth also gained skills and opportunities at a major crown corporation. | am pleased to announce this success will continue in 1999.” In the past year, young peo- ple have filled positions at ICBC Offices all over the province ranging from computer systems administrators to driving instructors, Youth involved with the summer YED participated in a number of activities, ranging from police counterattack road- blocks, to presentations to high school classes about road safery Issues, In 1998, Youth Options BC provided over 17,000) young people with jobs, work experi- ence, and training opportuni- ties. Other Youth Options BC initiatives include business train- ing workshops, wage subsidy Programs, and tuition credits for community service work. The job postings tor ICBC's 3C io hire for summer jobs summer youth positions are advertised at university and col- lege campuses and Canada Employment Centres. They are also posted on the premier’s Youth Web site at and the ICBC Web site at . ‘Positions will be available in the Lower Mainland and other areas of B.C. Applications must be received by 4 p.m., Feb. 26, 1999, For further information on these and other opportunities at_ Crown Corporations, and other Youth Options BC employment programs, call a Youth Options BC representa- tive toll free at 1-877-BC- YOUTH or visic the Premier's Youth Web site. Keep financial details to yourself From page 18 like handling his or her own affairs.” He cited “the sad situa- tion where a father, com- pletely trusting one of his sons, granted the son power of attorney. Unbeknownst to the father, the son was in finan- cial difficulty and over the next several months with- drew $70,000 from father’s bank account. Understandably, father couldn’t bring himself to report the fraud to the - police.” Tagree with Halderman people should be aware the broad-based power of attor- ney is very sweeping. Even safeguards aren’t guaranteed foolproot, like having to submit letters from two doctors attesting the individual is unable to manage her or his affairs. Haiderman said an alter- native to a power of attor- ney is to apply to the court to appoint a guardian for the parent. “It’s not as cheap but has many safeguards built in.” Bottom line: you need to | ARE YOU 45 TO 65 YEARS OLD? ; IF SO, THEN YOUR RRSP IS THREATENED!! ; ‘The Fraser Institute estiniates that as of December 31, 1997, Canada's total all-government gross debt was above 3.4 tition dotlirs, Canada is now the world's Sth most severely indebted country! Interest charges alone. eat up more than 1/3 of Ottawa's total annual income. ‘Canadians now pay more taxes than the citizens of any other G7 country. Revenue Canada collects 53.5¢ of each dollar eamed, beyond $60,000 from Canada's top income earners. _ As if taxes aren't high enough, most people actually over pay their taxes by thousands of dollars. Why? Because, they haven't had the time to leam ail the ways they can iegally reduce their taxes. AR For most Canadians, RRSP/KRIF assets form the second largest portion of their net worth. The government now FORCES us to collapse these assets at age 69 instead of 71. Reason? To Collect Taxes Two Years sooner!! There is a high potential that more changes are coming. With that in mind. we have produced a report discussing methods to get your money out of your RRSP/RRIF with litte or no tax by using a strategy know as deal with these matters, Get independent advice and choose what's right for your situation, “Parents should be encouraged to plan their * affairs, to have their wills in Order and up to date, to talk about health care directives and funeral arrangements,” Halderman said. Bur he maintained they should stay in control of their finances as long as pos- sible and keep the details to Sie ene ib Feb. 99 30: Awe Ridgewood Blinds Sale ends February 28/99 themselves. ~ — Copyright 1999 Mike Grenby Mike Grenby is a columnist and independent personal financial adviser; bell answer questions in this column as space allows but cannot reply personally — contact him at P.O. Box 50029, South Slope R.P.O., Burnaby, B.C. V5] SG3; e- mail and see previous columns at Mike's Web site, . 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