‘96- Wednesday, March 15, 1995 ~ North Shore News

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Losses put dent
in tax exemption
Capital Gains hit by tax law

IT’S GOING to come as a
shock .to.some investors that
the full $100,000 capital gains .
exemption they thought they
had i is not available.

“IF you've ‘used tax shelters such
as Multi-Unit Residential Buildings
(MURBs), oil and gas or high tech
investment schemes designed to
give investors a tux deduction or, if
.. you've declared a business invest-
“ment loss in the past, there's a good
chance you have. already reduced
“your allowable capital gains exemp-

:tion.”’) says” Certified - General
“> Accountants’. Association of . B.C.

: President. Bob.Vincent. .
i. "3. That means you'll need to deter-

; mine, what remains of your exemp-
tion To: ‘do: this, you' ‘will need to
Calculate “your Cumulative -Net |
Investment Loss (CNIL). that’ has °
acctued after. 1987 and before. 1995. °
‘Other. types of gains and losses after,’

sury if you are planning to claim
every dollar of your capital gains
(ax exemption.

There is tittle room for error. iW
you inadvertently make an “over-
election” and claim more than you
have remaining, it could cause your
whole election to be canceled.

Provided by CGA-BC, the
province's largest professional
accounting association with over

9,000 members and students,

RICHARDSON GREENSHIELDS 7 i

OF CANADA LIMITED
Correction Notice

Advertisenients dated February 12, 17,

22, & 26 offering the Province of B.C.
Escalating Coupon Note omitted the
pe “Redeemable by the Province of
|: Oe

'1984may also affect your capital Be eB

ains ‘exemption.”:You can ‘contact:
Revenue; Canada for the ‘status of
your. remaining: exemption ‘or ‘with

your’ iuthorization;’ your CGA can. |

obtain the information for you. . .
t this time of year, this process’. "

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Ht ARRAS WENNER LR LI EN LIZ IT Sy MALO EIS AI PLA UI Be CNA A Did EAR NMEA NT ln ef SM ASE ARF Fis SUS Ha LRA UL EN USEC TE PROT AVM TA PO I

What's happening in our Dis iad “|

District Hall coming back to

| Lynn Valley __

ell, not really, But the
Planning Department is

opening a new Community

Planning Office at Karen
Magnussen recCentre (2300
Kirkstone Road). The office is
to serve as a community focal

point as we work towards

developing a new: plan to guide
physical changes. and: -
community growth of Lynn

: “alley: in the next:10:to 15, > years,

You are invited.

Come. and |

join t the.

- excitement of’.
-opening this ©

new office —-

it’s there to

serve you..

~»Meet the Lynn. :
: Valley Planning _

Team and find.

out how you can help shape 8 the oe
future of your community.
_ Everyone’s welcome to enjoy _
_ free coffee, cookies, balloons;
. and face painting. :

“Gand Ofaaing
| Tuesday, March 21st
” 1:30 p.m. to 4:30 p.m.

Ifyou are unable to'make the

|) Opening, drop ‘in another time_

to meet Phil Chapman, the.

Lynn Valley Plan Co-ordinator, :
or call-himi-at 990-2373. Hours:

of _at the Community PYanning

"Office are 1:30 p.m. to'4:30 p.m,

Tuesdays, Wednesdays and:
Taeeays os

‘|. Council continues discussions on _

the 1995 Budget at public meetings

“Finarsday, ‘March 160°: §

Monda ay, March 20 (televised live on
Shaw Cable).
Wednesday, April 5
. Wednesday, April12:

Lynn Valley Town Hall Meoting

ether you are 18 or 80,

if you live or work in
Lynn Valiey you are invited to
a Town Hall Meeting in your
community. Join Mayor J.
Murray Dykeman and
Councillors Don Bell, Ernie
Crist, Jim Cuthbert, Pam. -
Goldsmith-Jones, Janice’ Harris:
and Pat Munroe at an. Cpen *
House to share information,

“Find out more about the.
~ development of.a new. ”:
Community: Plan for: ‘Lynn.

“and ideas for a “Lynn Valley’ of:
the future”, to share i ‘in informal
round, table discussions ne

BS Policing

‘ @ Recreation. programs

@ Transportation. and ‘traffic

“@ Youth, Initiatives & Senior
Issues 0

ax: Environmental programs

of Parks. improvements.

Wednesday, March 29.
7:00: p.m. te 9300; p.m,
tyne Valley. recCentre |
3590 Mountain Hwy

“Bvargeoen Footbridge closes
; Mor repair era

“his pedestrian bridge - “
across Mosquito Creek will.
“be closed from March 20th to.
21st fora major retronit. oe
including
, decking, Stairs

and railings. We.

~ request the public
‘use other routes
. during this. period. Please call :

986-9141 with any questions or |

AONCEENS.

- For more information,
call 987-7131.