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Wednesday December 2 2015 5 COLUMNS 15 Years Ago... Education funding for volunteer groups Non-prot organizations looking to train their staff and volunteers are getting nancial support from the Department of Municipal and Community Affairs. MACA and Aurora College have teamed up to create a tuition subsidy program under which northern volun- teer organizations can apply to have MACA pay for 50 per cent of the cost of tuition for Continuing Education courses offered at the college. Issue November 28 2000 20 Years Ago... SRFN begins land selection for reserve The Town of Fort Smith the federal government and Salt River First Nation have formed a joint working group to begin the bands Treaty Entitlement land selec- tion process for potential reserve lands in and around Fort Smith. Preliminary meetings have been going on for over three months but last weeks press release is the rst on the issue. Issue November 28 1995 30 Years Ago... Charges near over Fort Res sawmill Police are close to pressing charges in the investiga- tion of embezzlement of over 100000 from the Slave River sawmill in Fort Resolution. This week members of the RCMP commercial crimes division made their second visit to Fort Resolution investigating the case staying several days to sift through the evidence. Issue November 28 1985 ARCHIVES Northern Journal 2015 Join us online Like Northern Journal on Facebook and get the weekly news delivered to your feed FACEBOOK FEEDBACK Aboriginal people continue to be murdered at a rate several times above the national average in Canada with men three times more likely to fall victim to ho- micide than women according to Statistics Canada. Aboriginal men most likely targets of homicide in Canada Karen Silverthorn Because people be- lieve Native Lives Do Not Matter. That Law enforcements push the investiga- tions onto the back burners and drag their feet on homicides of First Nations People. The perception of First Nation People needs to change. They are not all homeless alcoholics and drug addicts or prostitutes. Voter list woes return in Yellowknife Nancy Vail Their operating hours were pretty whacky too By DAWN KOSTELNIK Twas the night before Christmas and all through the houses not a creature was stirring not even the mouses lemmings. All the people of Cop- permine were dressed in their nest with care itigis parkas and kamiks home- made skin and leather shoes and clean underwear. Round-faced babies sing Jingle Bells with gaps in their teeth Old James the Shaman White Girl The Night Before Christmas snores in a warm corner his dog tucked underneath. A roar of engines signals that Santa is near. This spe- cial delivery requires more than just reindeer. The moon on the crest of hardpackedsnowilluminates his landing path so far below. Twin props swirl up snow crystals and with a roar and a rush Santas silver rocket quiets down to a hush. A side door pops open with the click of some gears and what to our wondering eyes should appear but Santa the pilotandhisco-pilotRudolph the Red-Nosed-Rein-Deer. Hey Johnny K you and your crew pull up the sleighs and rev that skidoo Get this crate unloaded for I have far to go and I am seriously looking forward to heading south where there is no snow and they have never once experienced 40 below All year long the commu- nity hall rents reels of mov- ies that are own in once a weekfromYellowknifeNWT. Volunteers set up the metal and wood on chairs for the show on Wednesdays and again for the kids on Satur- days. We take turns selling drumsticks and ice cream sandwiches for twenty-ve cents each admission to the movie is ten cents. The ten- centadmissionmeansthatev- eryone gets to go. This money is saved all year long and goes toward a special treat for the whole town. My dad and several men are down on the sea ice as the plane arrives. They will pick up the surprise and bring it up to the hall. The DC3 pilot tells my dad that he will never do that again how will I ever get that smell out of my plane Merry Christmas Merry Christmas thank you very much Everyone shakes handsandwisheshimwellon his return trip back to Yellow- knife and his family. Merry Christmas and Happy New Year to you and your family To be continued www.thewhitegirl.ca By KIM INGLIS Canadians are a philan- thropic bunch. According to the 2015 BMO Charita- ble Giving Survey 80 per cent of Canadians plan to make a charitable donation in the next 12 months av- eraging an annual total of 694. While the percent- age of people planning to donate is down ten percent- age points from last year it is in line with the four year average of 81 per cent dat- ing back to 2012. Canadians are especially generous around the holi- days. According to the na- tionalcharitableorganization Imagine Canada donations are expected to total approx- imately 5 billion between now and the end of the year. Cash donations are still the most popular way of giving but both charity and donor can benet from more tax efcient ways of achieving their philanthropic goals. Gifting publicly listed securities such as stocks bonds and mutual funds to registered charities is one such way. A donor who sells the shares of appre- ciated securities and do- nates the cash is taxed on capital gains. However if the shares are donated di- rectly the charity issues a tax receipt based on the fair market value of the se- curities. The charity gets the full value of the shares and the donor gets a full value tax credit without the imposition of capital gains taxes. RSPs can also be used for philanthropic purposes by having the donor name a charity as beneficiary of their registered plan. On death the balance of the plan transfers directly to the charity and the estate receives a tax credit for the value on disposition. This can offset taxes on final income and effectively by- pass probate fees. Flexibil- ity is another advantage be- cause the donor can change the beneficiary if circum- stances change. Insurance can be used in a similar fashion by trans- ferring the ownership of the life insurance policy and naming the charity as beneficiary. When the donor passes the charity receives the policys cash surrender value plus any net accumulated dividends and interest. The resulting tax credit can be applied to a final tax return. Also any additional premiums paid to the insurance company by the donor are considered a charitable donation and are thus eligible for further tax credits. Donor Advised Fund funds set up endowments wherein the donor makes an irrevocable contribution of cash and other assets which are invested to maximize the worth of the donation and increase its value. In- vestors can set grant rec- ommendations and choose which registered charities receive donations. In return they are provided with an immediate tax benefit and they have a continuing phil- anthropic legacy. Those wishing to donate to a charity but still needing income can use a Charitable Remainder Trust. Assets such as income-producing real estate are transferred into a trust and the donor gets an immediate tax ben- efit. The donor receives life- time income and the char- ity receives the assets when the donor dies. Kim Inglis CIM PFP FCSI AIFP is an Invest- ment Advisor Portfolio Manager with Canaccord Genuity Wealth Manage- ment a division of Canac- cord Genuity Corp. Maximize your giving this holiday season