32 - Wednesday, March 1, 1989 — North Shore News Business Hii RESPs again becoming popular for tax sheltering REGISTERED EDUCATIONAL Savings Plans (RESP) are picking up interest again as a form of tax sheltering income transfer. The Ontario-based C.S.T. Foundation Canadian Scholarship Trust Plan is the largest RESP in the world, with more than 200,000 accounts and over $270 million carrot is there for them. That's the motivation.”” For more information contact Canadian Scholarship Trust Plan enrolment director Tenny Berg in North Vancouver at 980-3916. OPEN HOUSE SOCIO-COMMUNITY STUDY OF DESIGN OPTIONS FOR WESTVIEW DRIVE INTERCHANGE AT TRANS-CANADA HIGHWAY 6 PM -10 PM THURSDAY, MARCH 2, 1989 LARSON ELEMENTARY SCHOOL 2605 LARSON STREET NORTH VANCOUVER under administration. The foundation has paid out $4.2 million to 1,798 B.C. students over the past four years to fund post-secondary education. In North Vancouver, 228 students are . business briefcase Michael Becker currently receiving or are eligible to receive funds. In West Van- couver, 108 students are presently receiving or are eligible to receive foundation monies, Plan subscribers deposit to the plan. The subscriber recovers the principal balance when the agree- g Se Financial Statements ®Bookkeeping Payroll 0 Income Tax =Personal & Corporate Income Tax ermancial & Tax Planning BURNABY 105-5481 Kingsway 430-4134 A NL CAN-PRO AccounTin centre TWO LOCATIONS TO SERVE ¥OU ment matures, when the enrolled child is 18 years old. The principal can then be used to help pay for the youth’s first year of post- secondary education at university, college or technical school. The qualified student then shares in the plan’s pooled accumulated interest in the form of scholarships to help pay for the next three years of study. Interest earned by the deposits is not considered as taxable income of the subscriber. Deposits are not deductible for tax purposes. Pay- ments made to a qualified student are considered the student’s in- come. The foundation was_ incor- porated as a non-profit corpora- tion in 1960. The incorporators in- cluded Ontario Supreme Court Judge Peter Wright and tax reform commissioner Kenneth Carter. Said C.S.T. Foundation presi- dent Bill Murdoch: ‘‘The wealthy founders were social democrats in the European sense.’? Murdoch said the bulk of the plan trust money is invested in National Housing Act mortgages backed by the federal government. “We know the plan works,” Murdoch said. ‘Sixty per cent of Grade 12 grads go on to the second year of university. The national average is 20 to 30 per cent. The OU Business Consi t ng sincorporation Office Automation D Computer Software *Microcomputer Software (Accpac, dBase, Lotus 1-2-3, etc.) NORTH SHORE 221-1433 Lonsdale 988-8815 NEW N TAX LAWS - ALONE! - with the sweeping changes in the tax laws, many Canadians are confusec as to how their income tax returns will be affected. At H&R Block, we have the answers. Our specially trained tax preparers will always find you every deduction and credit to which you are entitled. Come to H&R Block this year — we'll get you the biggest refund you have coming. iF THERE'S EVER A TIME FOR HeR BLOCK It’s NOW 1754 Lonsdale — 984-4288 232 Lonsdale —- 985-7483 Lynn Valley Centre — 984-6412 Also located in Sears Capilano and Bay Park Royal INCOME TAX PERSONAL SELF-EMPLOYED SMALL BUSINESS, RENTAL COMMISSION * TRUCKERS 986-3340 RRSP’s - GIC’s - RRIF’s CEE TAX SERVICES 116 3RD ST. EAST (above 7-ELEVEN) AGENT FOR FIRST CITY TRUST Province of British Columbia Ministry of Transportation and Highways Honourable Neil Vant, Minister “Increasing our advertising budget has resulted in tremendous growth.” TIME OUT SPORTS LYNN VALLEY CENTRE 1199 LYNN VALLEY AOAD NORTH VANCOUVER. BC. V7) 3H2 TELEPHONE 980.9211 - 980.0116 - January 5, 1989 Rand wWhittleton, North Shore News, 1139 Lonsdale Ave., North Vancouver, 8.C. V7M 2H4 Dear Rand, I am writing as a result of the tremendous response te received from our advertisements for CANADIAN Hockey Sticks. We sold many more sticks than anticipated and we attribute that, in large part, to the extraordinary effort put into the make-up of the ad, as does our supplier, CANADIAN. As you know, we have increased our advertising budget with the North Shore News in the last couple of years and as a result, have experienced tremendous growth in our sales. Rand, with your continued support we are confident that our sales will continue to grow in 1989, Thank you, Rob Boyd owner To adverti ise > your business call: | Display Advertising RETR 980-0511 [eee You are invited to view the results of the Socio- Community Study conducted by the Ministry. The study team will be available to provide information.