The property at 4906 Dundas is just such and example.
C:1927 Etobicoke Township Hall, Once located at 4906 Dundas, the building has been a church, library, a Police Division, a gift shop and a pub. It is now the Fox n' Fiddle.
Community shows its heart for Mayor Hazel McCallion, donating more than $12 million to date
MISSISSAUGA/WEST TORONTO, ON, Feb. 14 /CNW/ - Trillium Health Centre today celebrated Mayor Hazel McCallion's 88th birthday as part of its "I Heart Hazel" campaign to raise funds for the Hazel McCallion Centre for Heart Health.
Mayor McCallion unveiled the signage for the cardiac centre named in her honour.
Birthday festivities also included an honour guard salute, a performance of "Happy Birthday" by the Heart and Soulz choir from Hazel McCallion Senior Public School, and a presentation to the Mayor of a Heart Art quilt created by patients from Trillium's Complex Continuing Care program.
"Mayor McCallion's birthday marks an important milestone in this campaign," said Kim Warburton, chair of the Trillium Health Centre Foundation board. "It was such a pleasure to celebrate with the Mayor and to be able to give her the gift of knowing that over $12 million has already been raised for the cardiac centre named in her honour."
The Hazel McCallion Centre for Heart Health at Trillium Health Centre is one of the nation's busiest and most advanced cardiac care centres, providing the citizens of Mississauga, West Toronto and the surrounding area with access to advanced cardiac services and care within their community.
"When someone requires lifesaving cardiac care, it is important that it is delivered quickly within minutes of home or work, by the best clinical staff, using the latest technologies," said Janet Davidson, O.C., president and CEO, Trillium Health Centre. "Trillium is a recognized leader in advanced cardiac care, providing this community and the surrounding region with the best in diagnostics, cardiology, cardiac surgery and rehabilitation."
The Hazel McCallion Centre for Heart Health also conducts half of the minimally-invasive beating heart surgeries in Canada and is one of the few hospitals implanting defibrillators directly into patients' chests to help maintain their heart rhythms.
In 2008, the Trillium Health Centre Foundation launched a campaign to raise $15 million for the Hazel McCallion Centre for Heart Health. Eight leading corporations and community leaders, the "cardiac champions" pledged to give half of the $15 million campaign goal.
These cardiac champions - Fred Ketchen, Robert and Francine Barrett, Nameh and Jacqueline Jabbour, the Bank of Montreal, Ralph Chiodo, and Ethel Taylor - are matching dollar-for-dollar the amount donated by the community. "We are so grateful to the community for their ongoing support and to Tim Hortons and Mattamy Homes for their partnership," said Warburton. "Thanks to the generosity of our cardiac champions, corporate partners and individual members of the community, our target of $15 million is in sight."
The $15 million fundraising initiative will help Trillium treat high-risk patients without delay in expanded catheterization and electrophysiology laboratories, diagnose complex heart disease earlier and more accurately with new equipment and technologies, benefit cardiac patients here and across Canada by increasing research capacity, and acquire next generation diagnostic equipment.
Those interested in making a donation or learning more can visit www.ihearthazel.com. Donations can also be arranged by contacting the Trillium Health Centre Foundation at 905.848.7575. About Trillium Health Centre Trillium Health Centre is one of Canada's largest community hospitals with regional programs in cardiac, stroke, neurosurgery, orthopaedic, and sexual assault and domestic violence services. Housing a model ambulatory care centre and the largest free standing day surgery centre in North America, Trillium serves more than one million residents in Peel and West Toronto and from other communities across Ontario. With the continued support of the Trillium Health Centre Foundation, the hospital's fundraising arm, the two-site facility is attracting international attention for its innovative approach to providing health care services and has received numerous national awards for quality and innovation. For more information, visit www.trilliumhealthcentre.org.
The already battered real estate industry had reason for concern when Premier Dalton McGuinty said last month that "we owe it to ourselves to take a good, long hard look" at harmonizing the GST with the Ontario provincial sales tax.
In his column in this section on Jan. 31, Stephen Dupuis, president of the Building Industry and Land Development Association, pointed out that buyers of new homes would be hit particularly hard if Ontario harmonized the PST with the federal GST.
On a $350,000 new home, he wrote that the consumer would have to pay an additional $17,920. But it's not just buyers of new homes who would be affected by a merging of the two taxes. Buyers and sellers of resale homes would also be hurt because a harmonized tax would apply to many services that are currently exempt from PST – including legal fees, real estate agent commission, renovation services, land survey reports, home inspections, landscaping and house cleaning services. Also affected would be the cost of labour for installations or repairs, including additions, kitchen renovations, driveways, roads, fences, swimming pools and patios.
Assuming no change in the provincial sales tax rates, the seller of a $350,000 resale home would get hit with an additional $1,400 in tax on a real estate agent's 5 per cent commission, plus a new 8 per cent provincial tax on moving expenses, legal fees, accounting and bookkeeping fees, renovations, painting and other services which are currently exempt.
I agree with Frank Giannone, president of the Ontario Home Builders' Association, who calls harmonization a "poison pill" for housing. It would also have a serious impact on access to justice for ordinary Ontarians as their legal fees would jump an additional 8 per cent.
Of course, none of this matters to the Ontario Chamber of Commerce and other business groups who are pushing for harmonization. According to chamber chairman Len Crispino, if the taxes are blended, Ontario business stands to save an estimated $100 million. That saving would be dumped onto the wallets of hard-hit Ontario consumers.
Toronto home buyers have still not recovered from the imposition of the "Miller bite" land transfer tax last year. In a market where the volume of home sales has dropped by almost half over the first month of 2008, and house prices have softened considerably, the last thing Ontario needs is a new 8 per cent tax on legal fees, agent commission and other costs related to the purchase and sale of new and resale homes.
The home renovation industry could also be badly affected by a harmonized tax. In a pre-budget submission to the Minister of Finance last month, the Ontario Home Builders' Association noted, "The renovation industry is already plagued by the growing underground economy with the GST acting as the catalyst for the `cash deal'. Many legitimate renovation businesses would be in serious peril if they were to add an additional 8 per cent in PST onto their quotes when competing with the black market."
In case anyone thinks that the chances of a harmonized PST and GST are somewhat remote, they have only to look at the website of the Canada Revenue Agency to see that the Ontario Ministry of Finance and the Canada Revenue Agency have already teamed up to offer dozens of joint seminars on a harmonized sales tax all across the province throughout 2009. The effort and cost put into creating these seminars is a clear indication that harmonization is in the cards.
The last word on harmonization goes to Toronto real estate guru Barry Lebow, who is a land economist, appraiser, arbitrator and educator with 40 year's market experience. When I asked him what he thought about tax harmonization, he replied, "I hate the idea as a small businessman and as a professional. Harmonization only works well for singing groups!"
Bob Aaron is a Toronto real estate lawyer and a director of the Tarion Warranty Corporation. He can be reached by email at firstname.lastname@example.org, phone 416-364-9366 or fax 416-364-3818. Visit the column archives at http://aaron.ca/columns/toronto-star-index.htm for articles on this and other topics.
Practical Advise to Pay off your Mortgage Faster
Most homeowners would love nothing more than not to have that mortgage debit in your account every month. But trying to pay off your mortgage ahead of schedule is not something to be undertaken lightly. You must make sure you are financially secure, with no other significant debt, and have money in reserve for emergencies. Above all, IT will take discipline.
There are also compelling arguments for not paying off your mortgage ahead of schedule. If you are inclined to take some risks, you could invest the money instead. Your investment could conceivably earn enough money to offset the benefit of paying off the mortgage.
In your haste to be rid of your monthly mortgage burden, you cannot afford to mortgage your financial future. Make sure you will be able to finance your children's college education and your own retirement, Investigate the newest (TFSA) Tax Free Savings Account.
If you are in a debt-free financial position where you can pay off your mortgage more quickly without sacrificing other aspects of your life, there are a few ways to accomplish this. Naturally, you will have to consult your lender to see what you can and cannot do. Here are a few of the most used options.
1. Increase your payment schedule. Biweekly mortgage payments have become increasingly popular as a way to pay off a mortgage more quickly. OK OK... we all know that one. One extra payment a year.
2. Make lump sum payments. Depending on the terms of your mortgage agreement, you may be able to make lump-sum payments at specific times. For example, you could earmark your bonus cheque of $5,000 to pay off part of your mortgage. Let's approach this a touch differently. Let us suppose we open a credit line of $10,000, (pay it on the mortgage Day 1) that we then use to deposit our income/payroll cheques, then pay our regular bills. The goal here is to retire the entire credit line with a 12 month period and borrow an additional $10,000 again to pay against the mortgage. Most mortgages contain a 10 or 15% annual prepayment priviledge without penalty.
3. Shorten the time frame of your loan. You could elect to refinance and change your 30-year mortgage to a 15-year mortgage. Bear in mind, though, that your monthly payments will be considerably higher. Lets try this concept in smaller bites. With a mortgage at year 30 you just bought the house. On the Anniversary Date, shorten the mortgage from 29 to 28 years. By making modest adjustments over the next 15 years you will have retired your entire mortgage.
4. Increase your payments. If your financial situation has improved and you are making more money, you may be able to make higher payments or balloon payments. Most loans will allow you to increase your payments in this manner with certain restrictions.
5. Refinance at a lower interest rate, but pay the same amount each month. If you maintain a 30-year mortgage, but the interest rate drops from 6.25 percent to 5.00 percent, the money you were paying in interest can now go toward the principal. Should You Refinance Your Mortgage Loan? If you are approaching a renewal I recommend that you schedule an interview with a Personal Banking Representative in your home to discuss your options.
6. Use your RRSP-driven tax rebate religiously as a mortgage prepayment method. Even if you can only prepay annually, make sure these funds are set aside for that purpose. Many Canadians will borrow (at prime) to buy an RRSP to ensure the maximum rebate. When applied to the mortgage principal, this refund is a "gift that keeps on giving". Combining the refund with the tax-free interest earned on the RRSP over the subsequent years will quickly outpace the short-term interest costs of the RRSP loan.
I welcome your input if you have additional ideas to add to this plan of debt reduction. Add your ideas in the comments section.