Hey Fred,
Glad to hear you are taking the plunge into R/C. Another good Mail Order R/C shop in Canada is Great Hobbies (
http://www.greathobbies.com), it is also located in Edmonton. As you build you will figure out what you need. For starters you will need some Exacto knives, hobby saws, drill, pliers, etc. Also you will need a covering iron and I recomend a Heat gun as well. Then you should also get a flight box w/Elec Starter. As you go along you will figure out what you need, everyone has their own way of doing things.
As for the motor, I would take a look at the Thunder Tiger Pro .46, it is also inexpensive. I had a friend that had a GMS and had nothing but problems with the engine.
-Ryan