ae 24 - Sanday, January 15, 1989 - North Shore News BUSINESS TAX REFUNDS RRSP rules remain unchanged from ‘’87 From page 23 limit of 20 per cent of your earned income. However, you may put up to the total of your government and private pension incomes into your own RRSP. ®©TO RRSP OR NOT: Weigh your present needs and wants against those in the future. Weigh the RRSP against other investment alternatives. What are your priorities? Get- ting out of debt or buying a new car or a home could be more im- portant to you thar saving for retirement. On the other hand, you could put some moncy into an RRSP and use your tax refund to reduce debt or buy something. - If you are well into either of the two higher tax brackets, review your options carefully. If you miss contributing for 1988, that oppor- tunity will be gone forever. (Under the proposed changes, starting with the 1990 tax year you can miss out and make catch-up con- tributions up to seven years later.) If you are skilled, investing for tax-free capital gains in real estate, for example, or putting money into a business could eventually pay back more than an RRSP. Remember, -“‘retirement’’ can occur. if you stop work to have a family, take a sabbatical or other- wise have low or no income. It could make sense to withdraw RRSP money then. Any choice will involve advan- tages and disadvantages. Your decision should produce zaore pos- itives than negatives. local realtors hold seminar Two NORTH Vancouver realtors have organized a free seminar for first-time homebuyers. The: First-Time Homebayers. Seminar is scheduled for Tuesday, Jan. 17, from 7 p.m. to 9 p.m., in the Esplanade Room at the Louas- dale Recreation Centre, 123 East 23rd Street in Noth Vancouver. A panel of experts from the legal,. financial and real estate field: will be on hand to address the issue and answer questions. The panel will include Bi Collins, North Shore Credit Union, lawyer David Finlay, “para-legal 1 Lyn Scammell, and Shane Onell and Lisa Ressctl of Sussex Realty. For more information contact Pussell or O'Neill at 982-9711. * THE BEST PLAN: Choose the type of investments that will give you the highest return and still allow you to sleep at night. Look at your RRSP as part of your over-all investment program. Choose flexible plans and in- vestments so you can make changes as your situation and the economy change. Always ask about costs and fees: nobody does anything fcr nothing. Ask about the procedure for transferring and withdrawing your money. Deal with a company that pro- vides good service. If you can’t understand the statements, ask somebody to explain them. NEXT WEEK: The new RRSP rules — and some strategies. Be Computer-Wise in 1989 Meet the Challenge of Today’s World Introduction to Microsoft Word (OFTR 189) A useful program for students, office workers, writers, or home users. Begins March, 1989. Electronic Office Procedures (OTEC 052) Using dBase II! Plus, find out what a database program can do for you. Prerequisite: keyboard skills and some word processing desirable. Begins January, 1989. Earn credits towards an Information Process- ing Certificate or take these for general interest. Call 984-4959 now. Classes fill quickly. ‘@@ CAPILANO COLLEGE WM 2055 Purcell Way, North Vancouver , | R.R.S.P. MATURIT\’ OPTION RATES | ‘ANNUITY AND R.R.LF. ILLUSTRATIONS . . . JANUARY 1989 MONTHLY INCOME BASED ON $50,000 OF PROCEEDS ZISKARKLHS&SH . by Lew Male/Femal: (Current Rate — 11.25%)* ” Rates cam change from day (o day and vary depending om amounts. Anyone wishing 1 ptrseaniized R.R.1.F. printout or the free brochure ‘A Gulde to Selecting Your 2.2.S.P. Maturity Option’ may telephone 688-9577 or write to: 675 W.. Hastings Street (Ste. 1205), Vancouver, B.C. V6B 1N2. Tables prepared by SOLGUARD FINANCIAL LTD. ++ © Best Curreat rate 11.25% R.R.LF. Income — Miz. 14 415 94,655 332,868 154 “0 95,123 326,856 10 451 93,268 82,472 167 475 91,269 280,128 174 495 89,107 259,512 181 516 86,763 240,648 189 540 4211 223,272 198 565 81,422 207,312 208 594 78,363 192,648 219 625 14,991 199,136 Go ahead ... Get connected Discover how te get ahead in business with North Shore Continuing Education’s Business Management Program. Call 986-8888 Now you can plan your shopping ahead. and save more in the * Delvered to selvcted @reus only sunoavwimasay-cmeay Distribution 7 spartment FIRST IN FLYERS CN THE NORTH SHORE Many RRSP investors select The Industrial Group of Funds and Mackenzie Fi nancial fee ithe primarily because of our reputation. it pleases us that our name is a good one to financial consumers and ‘ie nancial ‘vos alike. But we'd rather you selected us for another reasen: our performance record. After all, results are really what count. For both of us. One example: : a Bye | Syn | lO ye] 2tbyr. Industrial Growth Fund 20.5%) 11. 2% 1304] 16.7% 16.2% GREAT: PACIFIC MANAGEMENT CO. LTD. ROB ISAAC 669-1143 oO Reputation and results 4o/b count for me. Please send me more information about an Industrial Group of Funds RRSP. ; NAME: | | | ADDRESS: | { cH: PROVINCE: cone __ | | PHONE: tResidence) (Business) | “Rob Isaac I steito. GREAT PACIFIC MANAGEMENT CO. LTD. | 300, 1190 Hornby St. Vancouver, B.C. V6z 2KS ‘The Indystrial Group of Funds Managed hy Mackenzie: Financial. Corporation | All figures to December 1, 1988 are an ere ¢ annual compound returns based on the net income invested and Looking ( rea = including reinvestment of dividends. both wavs. Past performance ts not pecessarty Y indicative of fisure results. Any q made only by prospectus which contains ; complete dekails ofall charges. Please read it before making a purchase and retain it for future reference. To manage * your RRSP. Ag For growth and income.