16 — Wednesday. July 22, 1998 — North Shore News

north shore news

- z, BUSINESS

Invesiment strategy
will affect your taxes

can be hit with
an income tax bill even
if the value of your
investments goes dow:

You might also be paving
LAY On WwesEMent income
sea dom't recene Here are
some evaniples to encourdge
vou to check the tay impact
DEVOUT SanOUS INVEOEAUEHES

Your own same mutual
find umes The tund manag
er has beer carming miterest,
dividends and capital gan
on behalrot vou and the
other mvestors

At vear end. vour share
will be reported to you ana
tv sip. You mast ther
declare and pay tay on this
Inseme —- event the mutual

money
matters

stinks and bonds. Tes pro
duce dividends and icterest

which

even it the Value of the secu:
nus themselves has dropped.
Ye TU OANTL COD mind
imcrest instrements like
GICs, Canada Savings Bonds

and strip bonds or coupons.

if vou hold these invest
ments outside an RRSP or
RRIF, vou must pay tax on
the interest carned each vear
even though vou won't
receive any of this interest
und the GIC or bond
matures,

You own rental property
which has dropped in value.
You pay tay on the rental
income and when vou sell,
suffer a capital low which
wort save vou tax unless vou
have offsetting

When a term depesit or
bond matures, or when vou
sell an investment which has
gone up in value, vou usually

See Sell page 17
©

“Sale on froni .

July 17 - Aug 16-

NEWS photo Mike Wakefield

Safe hands

” NORTH Vancouver District fire department Insp. Grant Gibson (left) and John Glavin
of the Greater Yancouver Fire Protection Association accept the Hazard House |
donated for loca! use by the North Shore Insurance Brokers Association. The asso-
ciation’s president Arlene DeLair was aiso on hand during the presentation.

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