On November 27th, the Government released draft legislation that, when in force, will reduce 2008 annual minimum RRIF payments by 25%. RRIF annuitants will have until March 1, 2009 to re-contribute the 25% back to the RRIF and receive an offsetting deduction on their 2008 Income Tax Return. The proposal to decrease the 2008 annual minimum amount by 25% will not affect withholding tax calculations, spousal attribution rules, non-resident withholding taxes and RRIF annuitant age of 70 in 2007. This proposed legislation comes into force upon Royal Assent. If Royal Assent is granted after January 30, 2009, re-contribution made within 30 days of Royal Assent will be deemed to have been made on March 1, 2009.
This proposed legislation is not yet in force but we will let you know when it is!
For those members involved in the Get Fit Program put on by fellow Hydro Employees, help shed the extra pounds by joining our Loan Officer for an early morning 5k run. Get a run in before your day begins. To sign-up for the run, please contact the Credit Union to make arrangements to run out of Commissioners for 7am.
So, last night I gutted my kitchen getting ready to replace it with a new one. I had only one cupboard left to remove, the one with plumbing going through it. As the cutting was taking place to slide the cupboard around the plumbing, one little slip of the hand turned the water valve back on, and quickly filling my kitchen with water. Of course, the water was coming out of the pipe leading up to where the sink was, so we were fortunate enough to have the water going up into the air, coming down on us and everything else in the place like a shower head. Note to self and others, When working with plumbing, be aware of where the water valve is, and avoid it, trust me.
Happy Thanksgiving to our Neighbours in the South. Enjoy your day and stay safe.
Running around trying to get everything done? No worries, this recipe is just for you!
Makes One 2-layer cake
From the kitchen of Barbara Fetter
|1 small package red Jello (Cherry, Strawberry etc)
1 small package green Jello (Lime)
1 package white cake mix (enough for 2 layer cake)
1 16oz container Cool Whip
|Make white cake mix per box instructions, using two 9 inch round cake pans. After baking, let cakes cool for 10 minutes – then pop out of pans, clean out cake pans and return cakes back to pans.
Using a fork, poke holes into cakes at various points to receive jello. Make up the red jello with hot water only and pour evenly as possible over one of the cakes. Then make up the green jello with just hot water and pour over the other round cake.
Put both cakes into the frig for several hours. Place the bottom of the cake pans in hot water to help in removing the cakes from their pans.
Spread the top of one cake with CoolWhip. Place the other cake on top and spread the remaining CoolWhip on top and sides.
Cover and refrigerate until ready to serve.
For more ideas check out www.northpole.com
Released November 21, 2008
This past weekend I decided to take my nephew to see the new Disney film Bolt. Bolt is an animated film about a dog who plays a Super Hero in a TV show, who’s false sense of reality has him thinking that he really is super after he escapes from the set. Like many Disney films, Bolt meets his fair share of forgetable characters along his journey back to Los Angeles. Despite all the hype, this film was not able to maintain my attention or my nephews. It had it’s funny moments, but it wasn’t enough.
His wife said she wanted them up, and they’re up. Now he can spend more time finding a gift for her for christmas to make up for this bad judgement call.
Consumers may soon be paying $.05 per grocery bag when they go shopping. Grocery retailers across the city are hoping that this will eliminate the amount of plastic bags that are going to landfill sites by deterring shoppers from getting the plastic bags, and perhaps finding a more environmentally friendly option. I for one won’t be feeling the crunch as I have been paying a nickel per bag for some time now from the stores that I purchase from. Despite having an entire drawer at home full of plastic bags, I still choose to pay the nickel to add to my collection. Perhaps I should move those bags from the drawer to an area in my trunk, so they are always available and reuseable. Other options include the Eco-Friendly bags or paper bags. Do you agree with this change brought on by grocers? Is this taking money from those that don’t have it into the hands of those that do? Will this really help our environement by opening the eyes of consumers into using alternatives? Have your Say!
TEUCU would like to congratulate our newest winners! A warm round of applause goes out to Martha Fraumeni and Debbie Routledge! These lucky ladies are the recent winners of the TEUCU Online Survey Draw. They each won a $25.00 Gift Certificate to Sears! Take a moment and have a look at our newest version of the online survey. With a tweak here and a tweak there what was once a survey is now a small quiz….find those answers on our website and have a chance to win a $75 gift certificate from Best Buy! Please call 416-542-2522 for more information.
On November 22 at the Toronto Hydro Children’s Holiday Party, TEUCU had a fun and interactive space set up where attendees could play various Nintendo Wii and Wii Fit games. Those who stopped by could fill out a ballot to enter a draw for their very own Wii and a Wii Fit. On November 24th 2008 Kareem Reid’s name was drawn, winning the prize on behalf of his daughter Monika.
Congratulations to all of our recent winners!