C2 - Wednesday, February 3,1982 - North Shore News CHOOSING WHAT TO take to Vernon and the Winter Carnival, Miss North Shore, Jan McKimm, and Gertie Todd, co-ordinator of the North Shore beauty pageant, check out skis for their trip to Vernon and the big parade and snowflake ball starting this weekend. (Elisworth Dickson photo) TAX TIPS Plan your return early Start planning for the 1982 tax return now while it is still early in the year. If you make your 1982 contribution early, you'll be earning interest on your dollars tax- free for the whole year. You lose part of the tax ad- vantage of an RRSP when you leave your contribution to the last minute. If used properly, an RRSP allows you to defer paying income taxes on your contributions until personal tax rates are at their lowest — usually after you have retired. Knowing just how much to contribute to an annual RRSP is important if you wish to gain all the benefits it offers. You are only limited to -the amount of your contribution, not by how Many times you contnbute. You may place money in your RRSP several times during the year if you wish. In any given calendar year, you are allowed to contribute the lesser of 20 per cent of your earned income or $5,500 to an RRSP. But, the rules change if you're a member of a company pension plan to which your employer has already contnbuted In that case. you. are limited to the lesser of 20 per cent of your earned income. Now you know By UNITED PRESS IN TERNATIONAL Air from a anceze travels at about 100 mph h Merta Steftord quealitied and tatered etectrologist invites calle tor a personal end private ; | consultation or $3,500 minus your current or past service contributions to the employer's pension plan. Contributions made in the first 60 days of 1982 may be deducted in either 1981 or 1982. Because not everyone can afford to contribute several’ thousands of dollars to the plan annually, the next best alternative may be to borrow the money from the bank and contribute to the plan. If you are unsure of how to calculate the maximum amount you may contribute to your RRSP or whether your interest payments are deductible, consult your chartered ‘accountant or other tax advisor. If you live in the Van- couver area and want to find out more about RRSPs, plan to attend the Vancouver Sun's RRSP _ Information Mart at the Hote! Vancouver Feb. 2 to 5. Until now, interest payments on money borrowed to contribute (o an n ow ort ~\ japanese restaurant LICENSED) PREMISES 180 EAST 2ND ST. 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If you borrowed money The Institute of Chartered Accountants will have a booth manned by CAs who can help you understand the differences between the various plans. fy FINGERNAILS G The look of elegance The feeling of perfection — ~- prior to Nov. 12, 1981, to eS 2 contribute to an RRSP, you - can deduct the interest \— payments on your 1981 tax \ : return. However, you may ~——* not be eligible to deduct / ~ those interest payments in The confidence of being a complete woman created for you through fingernail artistry by VWatls'« Lashes STUDIO subsequent years under the new interest deductibility rules introduced in a recent federal budget amendment North Shore 980-5797 Downtown 687 9965 Biot & Oak 263.2785 New West 525 7381 Surrey 588. 3038 White Rock 537 1121 Canada 4 largest and most pwxpertenced nail maker 1 00 PM 700PM come tag Nairhoes and ane fate eyebrows 929-4468 (res ) Telephone What about wills? Do you know how to make a will and what should be included in your will, or what happens in the event that you may die without a will? A free law class called Wills and Estates will be offered to answer such questions and will be presented in layman's terms. This class is co-sponsored by People’s Law School and the North Vancouver School Board. NOT TO! LOS at Crispy Fresh LETTUCE California Fresh ’N Tender BROCCOLI Imported Fancy, Large Navel ORANGES California Zucchini SQUASH Imported Fancy, D’Anjou PEARS Imported Naturally Sweet PINEAPPLE Hawaii POLYMAR Kitchens & Bathrooms BE MISSED! ond ol 1 156 W. 3rd St. North Vancouver, B.C. 986-3111 or 987-5012 The class will be held on Tuesday, Feb. 9, from 7:30 to 9:30 p.m. at Carson Graham Secondary Sehool. Other topics to be con- sidered by the instructor are: what restrictions there are on your testamentary freedom, the probate/ad- ministration of an estate, forms and special clauses, and taxes. Pre-registration is required, and this can be done by phoning 987-8141. = Prices effective Feb. 3-7/82 A public lecture by Dr. C.M. Davis of WEIGHT CONTROL LAB Self-Control System for Weight Loss (no cost for lecture) Thursday, February 4 Cameron Street Recreation C enter 9500 Cameron St! Seymour Room Burnaby meetings in February International Plaro Hotel 1999 Marine Drive North Vancouver WEIGHT CONTROL LAB will begin daytime and evening 421-6358