Volume 55 Number 44 | November 1, 2010 SUNLIFE DIRECT BILLING Have yourr claim back instantly!instantly! Proud to serve our community Just 3 minutes from the Base. MARPAC NEWS CFB Esquimalt, Victoria, B.C. Esquimalt Plaza, 1153 Esquimalt Rd. Year of the Canadian Naval Centennial 250-388-6451 HAVING A BALL Shelley Lipke, Lookout One thousand guests gathered in the Crystal Gardens and Victoria Conference Centre for dinner and dancing during the Canadian Navy Ball last Thursday. Following the naval tradition of the Toast of the Day, the youngest sailor at the event, 19-year-old OS Francis Richards of HMCS Winnipeg raised his glass and toasted, “To our Navy,” in English and French. welcome to mcdonald’s 10 MINUTE OIL CHANGE Veterans House Cleaning NO APPOINTMENTS NECESSARY • VAC health identification Call today for a Ring Knocker cards accepted FREE ESTIMATE Drop by for a • Bonded & Insured We off er those serving in Coffee and Muffi n the military & DND a Special Discount. www.merrymaids.com 250-598-6243 8am-11am8 Not valid with any other off er. every Tuesday *Colwood, 2988 Jacklin Rd. (Across from 708 Bay St. Victoria (Douglas & Bay) Esquimalt only. Westshore Town Centre) 250-474-7133 250-389-1326 2 • LOOKOUT November 1, 2010 Attention DND! ONLY $40 the RETURN! PLUS 6 CHANCES TO WIN CANUCKS TICKETS! BOOKING FAST! CALL NOW! November 1, 2010 LOOKOUT • 3 Reduce the lines of aging Chief of the Defence Staff visits and look the age you feel. Perhaps you’re 45 but you feel 35. Or you’re 60 and you feel 50. 10% off for Whidbey Island for town hall Try BOTOX Cosmetic.® DND employees Treatment is quick and easy. PO2 M.A. Gadd Look good and feel great. Talk to us today. NOPF WI CANDET Dr. Georges Benloulou – by appointment only. Care Point Medical Centre at Broadmead Two weeks ago, Chief of Defence 140-777 Royal Oak Drive 250.479.7147 Staff (CDS), General Walter Care Point Medical Centres are owned and operated by CBI Medical Inc., a division of CBI Health group. Natynczyk, and his wife Leslie, visited the Canadian detachment at the Naval Oceanographic Processing Facility Whidbey Island in Washington State. We support our troops The Naval Oceanographic Processing Facility monitors the Integrated Undersea Surveillance System (IUSS) in the Pacific, which listens for subma- rines. It has had a Canadian detach- ment since it was established in 1987. $500Military Discount Today there are 37 Canadian sailors and their families living and working on Whidbey Island. They are fully DL 10696 integrated with their U.S. counterparts. 2620 Government Street 250-360-1111 Gen Natynczyk’s visit began with the KiaThe Motors Power presentation of a CDS Commendation Theto power Surprize. to suprise www.grahamkiavictoria.com to CPO2 Dan Caplette, the Coxswain CPO2 Dan Caplette receives the CDS Commendation from Gen of the detachment. CPO2 Caplette Natynczyk. was recognized for his leadership and mate gathering, which was enhanced Canadian Navy. tireless efforts towards improving the by the General’s personable nature. While the CDS hosted his town Professional quality of life for all Canadians posted Sailors in attendance felt comfort- hall, several sailors’ spouses attended “south of the border.” able to pose several questions to a similar round table hosted by Leslie Independent Advice During a town hall that followed, the CDS and the Canadian Forces Natynczyk. Over refreshments, every- • Investments • Lending Gen Natynczyk spoke about sever- Chief Warrant Officer, CPO1 Bob one was encouraged to speak freely • Insurance • Pensions al issues facing the Canadian Forces Cleroux. The two were happy to about the trials and tribulations of today. The small size of the Canadian provide in-depth answers about the moving to the United States from www.hatchmuir.com detachment allowed for a fairly inti- future of the Canadian Forces and the Canada. 250-953-8552 Nick Woloszczuk Cost of meals increases at base gallies [email protected] SERVICE BILINGUE Shelley Lipke part in a two-tiered process and in April it will creep style service, Staff writer to meet the targeted level up to $1.75 ($2.20 at the “The table service incurs needed to offset food costs; Wardroom and Chief and a greater labour cost and CFB Esquimalt’s gal- one increase takes place Petty Officer’s mess). The we needed to take this into Family Dental Care leys and messes have been today and a second increase salad bar, which has until account when setting pric- known as the best meal deal on April 1, 2011. now cost $2.25, will cost es at these facilities,” said in town, but effective today “We are not set up to $3.25/$3.60, and a sand- Lt(N) Hinch. employees on base will dig a make a profit,” explains wich, once $3.50, will cost On an average day, 830 little deeper into their pock- Base Food Officer Lt(N) $4.50/$5.65. people eat at Nellies Galley, et for their lunch money. Lynda Hinch. “The prices There has been talk that Wardroom, Chief and Petty Base Foods has not were increased in order to salads may take on the Officers Mess, Naval Officer increased menu prices in ensure the recovery of food, weight system adopted by Training Centre (NOTC) New patients and five years. But rising food labour, facility and adminis- other cafeterias in Victoria, Venture Galley, Pacific Fleet Emergencies welcome. and labour costs, and the tration costs.” but this has not been decid- Club and Damage Control Check ups and introduction of HST, has People can expect to ed. School in Colwood. Dr. Paul Henn cleanings always available. made a price hike necessary pay $1.50 today for a For those messes that The entire food service in order to manage their bowl of soup ($1.75 at offer tableside service, the price system will reviewed Suite 14 1153 250-386-3044 operation. the Wardroom and Chief menu price will be a little annually to ensure prices Esquimalt Rd www.abacusdentalcentre.ca The increase will take and Petty Officer’s mess), more, versus the cafeteria are offsetting costs. Victoria , BC V9A 3N7 CANADIAN FORCES CF Enjoy an evening of entertainment, FREE food, wine tasting, event for prizes and more. military members November 9 & their guests 6pm-9pm Everything Wine Millstream Village 131-2401C Millstream Rd., Langford 250-474-3959 4 • LOOKOUT November 1, 2010 ofOPINION WHO WE ARE WHATmatters SAY WE MANAGING EDITOR Melissa Atkinson 250-363-3372 [email protected] Estate planning issues for registered accounts STAFF WRITER Nick Woloszczuk deemed to be disposed and are added to adult beneficiaries are already homeown- Shelley Lipke 250-363-3130 Contributor your taxable income in the year of death. ers, the family home will not qualify for [email protected] Your estate pays the tax on your final the principal residence exemption. Ben Green 250-363-3672 Funds that accumulate in registered return, however with registered assets, Life insurance proceeds can provide [email protected] accounts such as an RRSP have sig- you can name beneficiaries and have the a source of liquid cash to fund taxes funds directed to them without going assessed on your final return; PRODUCTION nificant benefits to the account holder through the estate. This helps to avoid You could name a charity as the benefi- Carmel Ecker 250-363-8033 throughout their lifetime. Contributions probate fees (they vary between prov- ciary on your registered assets; the chari- [email protected] made to an RRSP account generate healthy tax deductions from income, inces; 1.4 per cent in B.C.) and reduce ty receives your registered funds and your Shelley Fox 250-363-8033 not to mention they provide tax shel- estate settlement costs, but you need to estate receives a charitable tax receipt for [email protected] tered growth while the funds remain ensure you have other assets in the estate the value of the assets left to the charity. ADMINISTRATIVE ASSISTANT in the plan. As you draw income from to fund the taxes owing. The receipt is attached to your final tax Kate King 250-363-3014 your Registered Income Fund (formally To accomplish this there are several return and helps to offset any taxes owed [email protected] RRSP) in retirement, the income is tax- things you can do. on your final return. This strategy pro- able in the year you receive it. Under vides for your favourite charity and may ACCOUNTS current Canada Revenue Agency rules, The Strategies help fulfill your philanthropic interests 250-363-3127 you are not required to take any income Proceeds from the sale of estate assets while reducing tax payable on your final SALES REPRESENTATIVES from registered plans until you reach can be used to fund taxes owed due to return. Ivan Groth 250-363-3133 age 71. the disposition of registered assets. There Whether you are thinking about your [email protected] So what happens to the funds when is no income tax payable on the family own estate or receiving an inheritance home if you were the principal resident, from a family estate, working with a Joshua Buck 250-363-8602 you pass away and you want to leave however, any capital gains realized after financial planner ensures that you miti- [email protected] them to your beneficiaries? the death of the homeowner is taxable to gate the tax paid by your beneficiaries EDITORIAL ADVISOR The Rules the beneficiaries if the family home does and your final return. Lt(N) Michael McWhinnie 250-363-4006 Upon death, if you have a spouse, not qualify as their principal residence.