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i Mi Hunt) CHRONICLE - Wednesday, August at 2014 - ii! i ' w . ' More discussion begms' on Ontario alcohol sales I s the summer winds down mateiy $2.5 billion to the Ontario ' be opened through licensing of tion, claimed in a media interview I Aacross Ontario, another and federal governments mutually. other retail outlets apart from The that The Beer Store has the cheapâ€" . chronic provincial issue is Ontario is currently the only Beer Store. est price. in the Canada by allow- l emerging again for wide scale jurisdiction in North America that ‘ Finally. licences for off-winery ing any brewer to put its beer in 2 public debate limits off-site liquor sales to 8 stores should be available to other any store and pay the same fees. } The CD. Howe institute, a chain of government stores, a sin- wineries and newwine retailers and brewers subsequently set their 4 Toronto-based think tank, released gie private beer retailer and a fixed The response â€" mainly opposi- own prices subject to provincial ‘ a report last week claiming the number ofofi-winery wine stores ‘ tion â€"- from the industry was swift rules. V Ontario government could actually Privatization of the LCBO is not 7 ‘ and intense. The result is intense competi- f generate more revenue and con~ a new idea. Premier David Peter- .‘ The Beer Store countered with tion with more variety and lower sumers wmild pay lower prices if son discussed it 30 years up and 5 their own study concluding that prices brthecommner. . thecumntmonopolyonalcohol Mikelhnhwhenelectedacpreâ€" a beerisinhctcheaperinOntario -lntheflnalanalystsonprices i saleswasopentomorecompeti- mierirt1995.ooumiittedtomalor onavengefliathiebecAhathe aridutailoptiongtheonlything tion. changesfloweverforavarietyof CDJitmelnstitutemsth's* Mbcerhininthislongâ€"mnding This argument counters the reasons the system in 2014 is fun- prices to make Quebec prices debatelsthat iris farfromover. ‘ longâ€"held principle that the cur- damentallythesuneac 1934. i appear lower than normal ‘ rent system is effective since it The CD. Howe institute pro- 3! . The Beer Store study claims - generates huge revenues for poses three recommendations for that the pm priceperlltrehral Queen's Park which in turn are fixing the current retailing atruc- products sold in 0mm K 13 pa- laermn isprarr'dem requiredforeuentialserviees thnlpsalelofbeerandwine centlowerthanQuebec. “anthem The Liquor Control Board of incornerstoresshouldbeallowed. lethemonofCamda‘hNation- fimmanmberof Ontario (LCBO) directs approxi. Secondly. beer retailing should a] Brewers, the industry associa- Comm. Why those ‘don’t pay a dam“ ' g’ deals sometim' es don’t pay off ou're in the market for a his interest on the whole amount of . minimum monthly payment is full by the promotional due date, y ticket item like renovation youroriginal purchase. made by due date and the pur- the unpaid balance isconverted to materials or a major appli- And beeatise most “don't pay" chase price is paid in full by the aregularcteditcardpurdiaae. ance and you see an advertise deals are futanced through finan- plan expiration date. I A preferred rate will apply at ment for exactly what you need cial institutions. they usually . if no payments are made or 29.9 per cent on the outstanding with a headline like this: No involve accepting a retail credit thebaianoe is notpaidbytheex'pi balanceandadeferralfeeol'34250 MONEY now, No PAYMENTS card with annual interest rates , ‘ ration date, interest will be willbecharpd. ORIN’IEREST FOR 12 MONTHS. often in the 20 to 30 per cent " charged at 28.8 per cent per - Minimum monthly payments Well. that certainly is enticing range annum.‘ or greater if 35 per cent of the â€" but “don‘t pay” deals can end up As well. most of these promoâ€" Function outstanding balance or $10 are costing you a lot more than y0u lions include additional adminis» » C 18 months. no payment, no due. bargained for if you aren‘t aware of nation or merchant fees (except in interest. it pays to look very carefully all the terms and conditions Quebec) that can amount to $100 a Minimum $250 purchase into ‘don't pay” deals before you attached to them. or more and are tacked on at the - No interest accrues during the Sign on the dotted line. Deferred payment options are a moment you make your purchase. promotional period. Take the same care with your popular promotional tool for Here are two typical examples Smallprlm overall financial life by getting many retailers. and an uninformed of "don't pay" deals that look good - Annual interest rate of 29.9 good advice from your profession- consumer can get hit with some until you read the small print per cent. al advisor. hefty fees if the purchase item isn't Prunudon - Merchant fee of $129.95 is "- paid off within the promotional . No interest if paid in full with Smallprint added to the purchase. mumlumn LtprwidadbyAkI-hchm‘e period. In six months. 0 Annual interest rate of 288 a No interest accrues and no (imupPrimterthMa-agement liven if 1”” om- (rm is left - Minimum $299 purchase. no percent. paymean required during the pro (bumRmMcEachnieCFECPCA unpaid after the payment due annual fee. merchant fee or 0 Interest accrues from purr motional period CDFA 116198862360. £1.24! argon) date. you will usuallv he Charged administration fee. chase date and is waived if each a If the balance is not paid in mmhnie.wm Busmess owners: $ m “in“ Pay less tax , Inter! lnment ammo“ n: TRAVEL CUB ”APPLE Are you taking full advantage of often . mg, ' m 2': N14 missed tax minimization strategies “’5’ abs 9m mm 3 W for successful business owners? mummy WW Talk to us today about a complimentary M nee-emu CFP:CPCA, com lax check up Mr your busmess and you 3' 5...; FWw-m I [Quid pep/19851.” WWOWM t V um um com mmmfimmm lstsmeszaaom 241 " ' “mummmmmwp “”"mm'" 2“ ‘ ' $3- flflmmmmmm A , M , .. â€" â€" - ,, b, ‘4 BLJIIOt ‘-lt!w~n\ ‘ w. ‘ wwwirussmceachnioxom - ,â€":-- tD ‘ - ‘ "'aoemaru W b. on s Maw al w an in mu. n W T ‘ My (mm mm MW mun-flue: revel