48 - Wednesday. August 28, 1991 - North Shore News

Canadian MoneySaver continues to prosper

THE CANADIAN MoneySaver
second decade of saving — and making — money for Ca-

nadians.

In 1981, it was an eight-page
newsletter. The September issue
this year runs 36 pages. (It sells
for $3 but you can get a free copy
by writing to MoneySaver, P.O.

Box 370, Bath, Ontario, KOH
1G0.)

Seseral other “‘money’’ maga-
zines, aimed at helping people

with their personal finances, have
been started over the past 10
years. All failed; even the monthly
Financial Post magazine focuses
far less on money these days than
it used to.

But the Canadian MoneySaver
continues to prosper and grow, al-
though it has no paid advertising
and relics for its revenue entirely
on subscriptions.

The current issue contains 23
articles on topics ranging from
stock market timing to family in-
come-splitting to airline passenger

responsibilities. The money-saving:

tips include the following:

* You can increase the effec-
tiveness of your RRSP by putting
your contribution into the plan (if
you are married, of the spouse
who'll be in the lower tax bracket
when the fuads are withdrawn)
and investing the refund outside
the RRSP.

Financial planner Jim Murdock
suggests you use a deposit broker
to find the highest GIC rate for
your RRSP investment and a
mutual fund broker to find an
American mutual fund with a
proven {0-year performance re-
cord. Put your tax refund into a
bond fund in the same family,
then transfer one-twelfth of the
amount into an equity fund each
month.

You could also use the same
approach with Canadian funds,
but Murdock’s approach gives you
a little more diversification. Of
course, you must take the long-
term approach with the equity
fund and there are no guarantees.

® Financia! planner John
Findlay reviews the case history of
a 55-year-old widow who is retir-
ing with $115,000 in her RRSP
and $262,000 outside her RRSP —
much of this money from the sale
of her home.

Findlay stresses the importance
of making sure the term deposits
are all within the deposit in-
surance limits, holding income-
producing assets in the RRSP and
any stocks outside the plan for
maximum tax advantage, and
considering buying rather than
renting an apartment.

© Low-risk investing expert Don
Pooley discusses seven ‘‘stock

Conference
expects
large
turnout

From page 47

on Sept. 1.

dack Henebry, WAD’s public
relations chairman, said the con-
ference is expected to be one of
the largest in the association's his-
tory. The international organiza-
tion represents over 47 countries
throughout the world with 900
member companies.

toad cedumn eno

mapazine

Michael
Grenby

DOLLARS AND SENSE

market myths’’ and concludes that
a guaranteed or even easy way to
make money in the market is itself
a myth. He warns: “Blind belief
in these myths can be expensive
but if you know them for what
they are, they should no longer
misiead you."”

is starting its

e Matti Anttila clearly disagrees
with Pooley. Hle says that market
timing can work and that using
various indicators has made
money for at least ane mutual
fund.

» Author Evelyn Jacks lists tu-
ition fees that either the student or
4 supporting parent, grandparent
cr spouse can claim, adding ‘You
may be able to reach buck to re-
cover lost credits en prior years’
returns amounting in some cases
to hundreds of dellats.’’ She alse
notes that students over 18 should
file a tax return of their own each
year to claim the quarterly GST
credit payments.

¢ Carolyn Williams does the
calculations to illustrate that if
you have no other income, you
can earn up to $23,000 a year of
Canadian dividends and pay vir-
tually no income tax. If you are
disabled or have turned 65, that
maximum rises to $27,000 — and
even $30,000 if you make some
charitable contributions.

The Canadian MoneySaver in-
vites readers’ questions and
publishes answers in the Ask the
Experts section.

it also has a Money Digest sec-
tion, with a summary of view-
points — both general observa-
tions and specific recommenda-

tions — from financial newsletters
published in Canada and the U.S.

Every year, the magazine orga-
nizes a MoneySaver Conference. |
attended the first such mecting
with some skepticism: most of the
contributors to the magazine and
the speakers at the conference
{usuasly the same individuals)
seemed to have vested interests. |
was concerned that their biases
toward the particular financial
products they sold would reduce
the value of the information they
presented.

RATE SUBJECT TO CHANGE

Look what's

coming on September 2.

But attendees as well as the
magazine's readers seemed to have
no problem discounting any such
biases. And over the past 10
years, more unbiased contributors
have been writing articles.

Mike Grenby is a North
Shore-based columnist’ and in-
dependi:t financial adviser who
works with individuals; he wil!
answer your questions as space
allows — write to him c/o The
North Shore News, 1139 Lons-
dale, North Vancouver, V7M
2H4.

3 YEAR
TERM DEPOSIT

983-3773

Lonsdale Quay
Next to Seabus
North Vancouver
24 Hr. Quote Line 682-4636

E Citizens Trust |

MEMBER CANADA
DEPOSIT INSURANCE CORPORATION

his Fall, we'll be setting
off from Lonsdale

Quay earlier than ever each

morning.

And we'll be introducing
wheelchair accessible buses
on three North Shore routes.

Welll also be improving
SkyTiain service, and
reinstating our regular Fall
service to UBC.

Here’s what to catch
this Fall:
SEABUS SERVICE

Earlier first sailing from
Lonsdale Quay to Waterfront
Station: 6:03 a.m. Monday
through Saturday, 8:03 a.m.
Sundays and holidays.

#228 LYNN VALLEY/
LONSDALE QUAY

) #229 WESTLYNN/
LONSDALE QUAY

PARK ROYAL
These routes will provide

earlier connections in order

to meet the earlier ScaBus

#239 LONSDALE QUAY/

sailings. Wheelchair accessible
service wil) commence this

(Check your timetable for
schedule details.)

LONSDALE QUAY
Wheelchair accessible
service will commence this
Fall. (Check your timetable
for schedule details.)

#236 LONSDALE QUAY/
GROUSE MOUNTAIN
Service to the W.E. Lucas
Centre will be reinstated for
the Fall. Seasonal service to
Grouse Mountain will be
reduced to every hour through
Thanksgiving Day.

#258 WEST VANCOQUVER/
UBC
#286 NORTH VANCOUVER/

UBC
With the start of Fall classes,

peak period express service to
UBC will be reinstated.

A DOZEN MORE SKYTRAINS.

We're adding 12 new

vehicles to SkyTrain, so capacity

Fall en the #239 and the #229.

#230 UPPER LONSDALE/

will be substantially improved
during rush hours.

*\\ There are

\ so many
good

: reasons to
GoTransit or Carpool. Go Green
pollution, traffic congestion,
the cost of building and
maintaining roads, the expense
of parking downtown.

Check to see how the new
Fall schedule can help you
make more trips on transit.
Transit timetables are available
free at your local library or
municipal hall.

Transit Information 261-5100.

Old FareSaver tickets mit be used with
a cash upgrade at time of travel until
September 30. Unused tickets may be

returned to BC Transit for a refuad
after October I.
Cash Cash
Upgrade
Three Zone 25€
Concession 5e¢

Upgrade
One Zone ine
Two Zone —-25¢

BC Transit 58 wasn