RETAIL DRO?

OFFICE SPACE in Nosh Van-
couver has dropped sligh is since
the start of this ysar, aco. sding to
newly released figures i: in Col-
dwell Banker Commercciu! Real

Estate Services.

North Vancouver's retas vacan-
cy rate cropped fram 2.2 per cent
in January to to 7.87 per cent,
due in part ta a drop <n rental
rates along Marine Drive.

Previous asking rates 2: $18 to
$22 per square foot had dycreased
to $14 to $18 per square for.

Rates on Lonsdale Avenue have
also dropped.

There were no significant retail
projects completed in North Van-
couver during the past six months.
Many of the major retailers hope
to increase their market share by
securing strategic locations on the
North Shore to get established in
the market.

Major new tenants on the North
Shore include the Cactus Club
Cafe on Pemberton and Marine
Drive and Riverside Golf Centre
on Marine Drive and Keith Road.

to future years.

Pension Reform legislation

has been approved by Parlia-

ment. If you sponsor a regis-

tered pension plan or a deferred
profit-sharing plan, there are
some changes you should know about
—changes that affect your T4 reporting
requirements for 1990.

You will have a vital role to play in helping your employees
understand the changes, which will help them provide for
their financial well-being upon retirement.
Starting in 1991, uniform limits will apply to total pension
and RRSP saving for all Canadians, regardless of their
employment and saving arrangements. In addition, indi-
viduals will be able to carry forward unused RRSP limits

BUSINESS BRIEFS

Another new retail concentra-
tion will be the corner cf Main
Street and Mountain Highway.
Current plans call for a 60,000
square foot office and retail centre
anchored by the Bank of Montreal
and Wendy's restaurant. This pro-
ject is stated to be completed in
the fall of 1991.

The fairer and more flexible rules will give Canadians better
opportunities to achieve adequate retirement incomes.

MINISTRY
APPOINTMENTS
DEPUTY PREMIER Ritu
Johnston recently announced sev-
eral setior appoiniments to the
ministry of international business
and immigration and the B.C.

Trade Development Corp.

Douglas E. Allen has been ap-
pointed deputy minister of imter-
national business and immigra-
tion. He replaces R. Lorne Seitz
who has been appointed president
and chief executive officer of B.C.
Trade.

NEW COMPANY

B.C. HYDRO chairman Larry
Bell recently announced the for-
mation of a new subsidiary,
Power Smart Inc.

In addition to their current
Power Smart duties, Arthur
Geikie has been appointed presi-
dent of chief executive officer of
Power Smart Inc. while Blair
Trousdeil is vice-president and
Janet Benjamin will be director of
marketing.

Bell said the new organization

at

came about because of the ‘our
standing achievent of B.C.
Hydro’s Power Smart team."

“This is truly a made-in-B.C.
Stucess story and one in which all
B.C. Hydro employees can take
pride,*’ said Beil.

The mandate of Power Smart
inc. will be to develop a national
energy efficiency focus with cus-
tomers, goveraments, manufac-
turers, distrib: tors, retailers and
energy related associations.

It will also act as a catalyst for
¢lectrical product manufacturers
to take up the Power Smart
challenge and ensure improved
standaru: and quality.

INTERSECTION FUNDING

A VANCOUVER based company
that has invented a way to make
intersections safer when emergen-
cy vehicles go through will receive
assistance from the Western
Diversification Fund to launch its
product.

Tekedge Development Corp.
will receive a repayable contribu-

Wednesday, November 7, 1990 ~ North Shore News - 55

Employers with a registered
pension plan or deferred
profit-sharing plan will play

an important part in making
Pension Reform work. By reporting

the proper pension adjustment
amounts applicable to all employees

Ay

Deputy Premier Rita Johnson
..- appointments announced.

tion of $150,000 from the federal
government to market and build
up inventory of its siren detector
system.

The system, which detects sirens
from 300 yards away, provides a
green light for the emergency
vehicle, while turning all other in-
tersection lights red.

belonging to your plens, you will help us

‘determine how much they may put into RRSPs.

We have just mailed out the guides for Pension Adjustment

Calculation. Employers with plans who have not
received a guide can obtain a copy at their District
Taxation Office. For additional help, employers can call
1-800-267-3100.

We look forward to your valued participation as we help
Canadians work toward securing their future.