Up

she goes

WORK IS PROGRESSING at Mickey Johnson's mini-mall ex-
“pansion cn Lazlelle Ave. That's father and son team Joe and
.. Vince Sinjur of Sinjur Masonry preparing a row of scaffolding
before cementing in more masonry blocks,

‘TERRACE — There’s a new
drygoods store opening in Ter-
race,
~Fabricland, part of a chain of
such outlets, will be in business
_..in-mid-February, one of ‘its
“owners said last week.
~ Marion Farlette said the store
-. will employ an estimated six full
“and part time people.
“it's going into the location
* where the Donut Factory was
once located.
~. Since that building is schedule
. to be demolished upon comple-

°. tion of Okanagan Skeena’s

; ~planned shopping centre
~ development, Farlette said the
business will either. move into
“the new: centre or to another
location.
: -“Farlette, hasband Barney and
daughter. and son-in-law Loris,
and Ron Knoedler: are owners -
: Of the outlet. :
we oa kik
a * Nominations : ‘are now open
for the Terrace and District
_ Chamber’ of Commerce's 1990
business executive of the year,
".. Phere:are two criteria — the

“.: person(s) must have owned or

“managed a business in the area
~<for at least the past three years

and! the business must be suc-

‘cessful.’

e Judges will also look at the
anagement of the business
and: the executive’s community:
involvement.

By MARYLOU MCDONALD
Don’t forget that tax changes
wi ibe forthcoming on capital

+ gains in 1990. In effect, 75 per
~ pent capital gains will be taxable

‘in1990 rather than the 66.2/3

“per cent'in 1989 or the 50 per
gent in years prior to that.

‘The $100,000 capital gains ex-
empticn:still stands — at least
: they” ‘haven't’ yet taken that
his-illustrates an addi
On to invest in owner
ship rather than loanership
ity Vs interest income).
he. dividend tax credit fits in
« the'same: category. This means
= that these’ two tax provisions are
ated far. more favourably tax

wise than is interest income —

which i is fully taxed.
he latter refers to the
srnment’s reluctant forego-
f double or in some in-
stances. triple taxation (corpora-
have already been taxed”
‘dividends before passing

0
them along to shareholders).
Italso in some small part,
gnizes the risk investors.
ay face putting their money to-
ork. in. Canadian companies.
“than: the: “‘sure : safe

a”

of lending money for |

Tourism
- target.

"TERRACE -— Local residents
with ideas or opinions on in-
creasing or improving tourism
are invited to a public meeting
Jan. 14,

Fhe meeting is one in'a series
being held by the Northcoast
economic development region’s
committee on tourism,

It was formed earlier this year

to look ‘at and to recommend ©

ways of improving the tourism
business.

The meeting takes place Jan,
15, 7:30 p.m,, at the Inn of the
West. .

The tourism committee is one
of several formed in the Nor-
theoast reglon to look at
specific issues.

They are meant to be infor-
mal but copies of briefs for
committee members to study
are welcome.

Other meetings will be taking
place at Hazelton, Prince
Rupert, Sandspit, Masset, Port
Clements, Queen Charlotte City
and Kitimat.

More information #3 available
by calling the locai Northcoast
region office ai 638-3570.

our AND ABOUT.

3-D,

Marylou. McDonald
- broker in. Vancouver. Her. ad-

pie NT

The selection will be an-
nounced in June at the
chamber's annual installation
of officers banquet.

This combined event will
replace separate ones held for
the installation and business ex-
ecutive of the year.

kkekkkek
. Local resident Dianne Rowe
‘is a sales agent for a new kind of
camera, The Nishika is a 35mm
camera that takes pictures in

Rowe isn’t new to sales, she's
also a distributor ofa skin care
ling: called Oroflam:
wae? ho

glossy paniphlet on the Nor-
theoast economic development
region.

It contains information on
the economy of the area and is
Meant as an introduction to
business and other oppor-
tunities in the area.

Money for the pamphlet
came from the province's
regional development ministry.

tak khk
_ Nearly 160 bank and credit

- union employees have voted in

Tax changes
affect north

financial institutions and receiy-
ing Government guaranteed | in-
terest income, :

In the same vein, recent tax
changes pertaining’ to tax
sheltered flow through financ-
ing for. junior resource..com-
panies. may be the death knell of

the type of exploration and.

development activity so visible

in the B.C. north in recent

years, |.

The spin off will hurt our

northern:communities but in-
vestors will not/can not be ex-

pected to tisk'investments where |
there's ‘little*or no. chance of |
suitable: pay ‘back for the risk :

taker — tax sheltered or not.

‘When will our government |

realize the potential negative

. impact of these and other tax]
changes? The tax burden has ©. Bs:
grown unbearable ‘heavy: for

most of us In recent years.

sought

Now out is-an eight page. “TERRA

favouring of leaving one union
for another.

- The members of theUnion of
Bank Employees Local 2100 in
18 bank and credit union bran-
ches will now join a local of the
B.C, Government Employees"
Union.

BCGEU president John
Shields said pay equity will bea
priority in contract negotia-
tions.

Members

plans on having 300 members
by mid-year, says its manager.

Bobbie Phillips said the
organization’s membership
committee will be working on

additions following a mail out |

to businesses in the area.
There are 801 businesses in
the Terrace-Thornhill area.
Membership is already at an
all-time high at 261, The 200
figure level was passed in
mid-1988,

; — The Terrace
District Chaniber of Commerce

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+ .

Could the GST be the straw [>
that. breaks the taxpayers’. back “f°

and docile acceptance

dress is Odlum Brown Lid. ‘Box

10012, Vancouver, . BC VY:

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Monday lo Friday
— Wam. 11 pm

rage mage “4 He We

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Now quick and easy deposits, withdrawals, -_
transfers and bill payments are just steps away.

ju

: NOW OPEN

: acd Emerson Street
* : Terrace

Banking service when you need it...
including our new branch hours!

:Mon, - Thurs.
"9:30 a.m. - 4:00 p.m,

a ay

10:00 a.m. — 6:00 p.m.

a ‘Saturday
9:30 a.m, - 4:00 p.m.

PLUS..; ‘our new Green Machine open ©:
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‘Sam to1t pm

Sunday All

Viam toll pm

- Open Holidays ~
_ {except Christmas!