16 — Wednesday, June 2, 1999 — North Shore News BEFORE money mat- ters fade completely and give way to sum- mertime smiles, invest in a phone call or letter to put your tax plan- ning on track. “It is never too early to begin year-end tax planning to ensure you take advantage of many valuable opportuni- ties,” said Gord Caulder, of Lohn Caulder chartered accountants. The company is offering readers a free copy of its three dozen Tips for Reducing Your Income Tax Bill. (Phone 687-5444, fax 688-7228 or write to Lohn Caulder, 200-837 Homer, 5000 SERIES Vancouver V6B 2W2.)} The brochure’s main value lies in nroviding brief tips you can read in about 20 minutes, alerting you to per- haps one or wo which could save you hundreds or even thousands of tax dollars — often year after year. Almost a third of the tips relate to income-splitting. For example: EXECUTIVE COMMERCIAL-GRADE DESK j sSommercit: -grade melamine ©72" x Our Price | INSTANT Rebate —_-50.00 Price After Rebate 43107 hd 449.99 #1” solid woed *Candlelight Oak finish t a *Wide keyboa north shore news @ BUSINESS Begin year-end tax plans now to save more B Lend moncy to your spouse (in a lower tax brack- et) to carn business income without attribution of the income back ro you. As more people start home-based or other self-employed business- es, this approach can be a good way to shift/split meome. @ Exchange income-pro- ducing assets (like the high- income spouse's revenue property or shares) at fair market value for assets that don’t provide income (the low-income spouse's land, jewelry, art, share of the fam- ily home). @ Simplest of all, let the high-income spouse pay the bills so the low-income spouse can buy investments SOUTH SHORE that will then be taxed at the lower rate. The second largest group of tax tips relates to RRSPs, reminding you to deal wi ith this tax shelter all year, not only in February. ] Age 69 cuts you off from further contributions to your own RRSP. Bur it could make sense to make a one- time over-contribution before the end of the year you turn 69. This would trigger a small penatry but could produce a far larger tax deduction. B All individuals with earned income — especially students — should file tax returns even if they don’t carn enough to pay tax. This builds up RRSP contribution REVE SUD DELUXE CORNER WORKSTATION rd tray *Oak/Green or Bleached Oak finish Our Price & 299.00 INSTANT Rebate _-50.00 Price INSTANT Bebgte 80.00 Rebate 36689/36890/36891 /36892/36893/36895 ©7/8° laminated ‘249 Note: Rebate discount applies only to total package purchase (A+ B+8+C) ECONOMY OFFICE SUITE ®Desk and hutch: 53” h x 43” w x 24” Printer stand: 22” w x 16" dx 29” h . ©Oak or Albany Ook finish our pice 199.00 199. Price INSTANT Rebate 30.00 Rebate . ‘Our Price 36067/36141 = 149” a te cn al [RIVE SUD STUDENT'S DESK ©48” x 24” x 30° -¢Natural Maple or Pas White finish Our Price TANT Reba’ Ee 89.00 INS ebate 0.00 Price After Rebate 42124/42525 NORTH VANCOUVER 1999 MARINE DRIVE FREE Next-Day Delivery* “CALL FOR DETAILS PH: 1-800-668-6888 FX: 1-800-567-2260 ieee ae UR STORE HOURS MON-FRI 8AM-9PM/ ; SATURDAY 9AM-6PM/SUNDAY 11AM-5PM STARLES® Stoples i u raguterad trode orark of Sizzles, iar, vied under cence Some ems may nat be axattly eb shewn the Business Depot tid 1999 “room? for future years. Other tips include ways to minimize the tax on employ- ce benefits, maximize tax sav- ings on charitable donations and medical expenses and get a tax refund during rather than after the end of the tax Mike Grenby is a columnist and independent personal financial adviser. He'll answer questions in this column as space allows but cannot reply personally. Contact him at P.O. Box 50029, South Stope R.P.O., Burnaty, B.C. V5f year. 5G3; eomatl . 7 MORTGAGES WHEN THE BANKS SAY “NO” 687-2020 INSTAR UMD Financial Services Ltd. VISIT OUR WEBSITE www.instafund.com Lender Broker foes may apply ¢ (nternational Business Law ¢ International strategic partnering: technology alliances, distribution, .import-export ° 15 years experience, 9 years living and working in Japan and the US Tel: (604) 913 8880 Fax: (604) 913 8881 Email: gsenda@uniserve.com FOR SALE - HIGH PROFILE RETAIL PLAZA — NORGATE PLAZA 1305-1329 MARINE DRIVE, NORTH VANCOUVER * 21,000 sq.ft. of net rentable area — 100% leased ©. stable and secure income stream * long term tenants including Canada Trust, spor Mart, Keatuchy Fried Chicken ' peeved For further itiformation pleate contact: § Avison Young Commercial Real Estate (B.C.) Inc. a Ph: 687-7331 Fax: 687-0031. 25 years’ experience in investment, retirement and estate planning i Ask us about: ™> RRSPs, RRIFs, LIFs = Self-Directed Plans © RESP Programs ; => Mutual Funds/Seg Funds = Managed Porifolics = Private Wealth Management GIC Rates, GICs, RSPs, RiFs, LIFs [P| [| S| [Pa | Pave | “Rates subject to change without notice. a Representing a wide array of financial institutions ; Member: Fed of Cdn Indep Deposit Brokers on"eU ANP 1205-675 W. Hastings St. Vancouver 688-9577 eG Ine. 401-100 Park RoyalS. §& [APG seco West Vane 925-3101 | | Building better retirement incomes since 1974