18 - Sundry, February 1, 1987 - North Shore News

Business

RRIF: an attractive
retirement option

FOR NEARLY 30 years
Canadians have been able to
save taxes by making provi-
sion for their retirement
through Registered Retire-
ment Savings Plans
(RRSPs).

However, many of them have
been lukewarm towards the RRSP
provisions because of a reluctance
to lock their money into an inflex-
ible annuity on retirement. _

- Until recently, the only alter-

native was to take cash, and risk
heavy losses from taxes, or trans-
fer their funds to the rather restric-
tive Registered Retirement Income
Fund (RRIF).

‘On Dec. 19, Parliament finally
passed legislation removing most
of the restrictions from-the RRIF
and creating the most attractive
option yet for people planning to
retire. a.

* The new rules are as follows:

_. There. is no minimum age to
‘start an RRIF..Formerly an RRSP
could not be matured before age
60. You may now purchase an an-
nuity or commence your RRIF at.
any age.

The income from an RRIF may
start at any time. Formerly, the in-

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25%

1Year

*m-mhinimum deposit $100
@:, compounded annually
i includes bonus

come had to commence the follow- RRIF.
ing calendar year and not before.
You may have more than one

See Move
Page 19

FOR INVESTORS
SEEKING TO BUILD
LONG TERM WEALTH

Phillips, Hager & North Ltd., established in
1964 and managers of over $3 billion of invest-
ment portfolios, introduces a new mutual fund:

VINTAGE FUND

The Vintage Fund ‘portfolio is composed of stocks of
leading companies in the growth phase of thcir corporate
life cycles. The Fund invests primarily in shares of com-
panies that have established records of high returns on
their shareholders’ equity while maintaining strong
balance sheets.

ELIGIBLE FOR
R.R.S.P.s

ee TS ES A SAS NS NN ST DT SD SS SR ME Os SY
Please send me more information on the VINTAGE FUND ;
Name
Address ..

Tel Bus.:

LARRY WHITEHEAD, Sales Manager

‘Merit Investment Corporation

1500 - 625 Howe Street
: Vancouver, B.C. V6C 2T6

(604) 6 687-4800 ,

CENTENNIAL
if SPECIAL
‘m@ 100-dayterm —

- ® minimum deposit $1,000
a compounded at maturity

T-BILL
OPTION
“ g_ minimum balance $10,000
.™ Calculated daily -
gi compounded monthly

: Allrates subjedito change.

of Choices.

From no fee Guaranteed Plans to high yield Diversified Funds
--and a Self-Directed Plari, Central Trust has an RRSP to meet your
needs. Ask about the Special Bonus Rate available on all 1-5 year

-Fixed Term deposits. Instant tax receipts and low-rate
RRSP loans are offered for your convenience.

* * United Accumulative Retirement Fund

@ Yorkton Securities Inc.
A 14th Fl., 609 Granville St.,
m Vancouver, V7Y 1G5

- Levesque, Beaubien Inc,

CHECK THE TOTAL RETURNS ON YOUR
RRSP FUNDS AND THEN INVESTIGATE AND
COMPARE YOUR RESULTS WITH THOSE OF

OUR TOP PERFORMING:

UNITED ACCUMULATIVE
RETIREMENT FUND

AND

UNITED VENTURE
RETIREMENT FUND

LOOK AT THE PERFORMANCE OF Average Annual
THE UNITED GROUP OF FUNDS Rate of Return ‘|
*1 YEAR ° 10 YEARS
17.0% 18.7% i
**United Venture Retirement Fund 22.7% 19.5%
“AN Results to Sept, 30, 1986 with dividends reinvested. Financial Times surrey Oct, 27, 1986.

B *dcatlable for Registered & Non-Registered Investments. Offer nade by Prospectus only. .
, CORRCURSELE DRC CESACSAAERMRATOCCASR RCRA EERE ATECHRAA DORR CUDOCECSROSUSH BUS BITS

For additional information, call or write to: 669 7752

Phil Mawani or John Bothwell 4
or Elaine Douglas 984-9371

ql NAME:

B ADDRESS: __

B C:ry:

i] PHONE: BUSINESS:

IDEAL NO MATTER
WHICH WAY
THE WIND IS BLOWING

Unlike a typical mutual fund, the ONE
‘DECISION FUND invests in not just one category,
but in a blend of three: Stocks, Bonds and Money.
Market instruments — diversification that thakes it
perfect for your RRSP.

But the key to the ONE DECISION FUND’s
potential lies in the expertise of its manager —

M.K. Wong & Associates. This highly regarded firm
has grown to manage over $2.5 billion in assets
belonging to some of Canada’s largest pension funds.
And now, the investment philosophy and skills of
M.K. Wong & Associates canbe yours through the
ONE DECISION FUND. -

_. Please send me more information on he One Decision Fund

NAME:
Address:

Code:
Tel, Res. ——__________ Tel. Bus.
Mail to: JEANNE CAMPBELL OR BILL TRENAMAN

DF

ONE DECISION FUND

’ 14th FL, 575 Bu Burrard St.
P.O. Box 4
Vancouver, ee Cc.

.V7X 104

OR CALL
687-0456