32 -— Wednesday, February 5, 1992 —- North Shore News 1 MATTERS Make RRSP contributions easy SUPERB REAL ESTATE INVESTMENT WITH SUBSTANTIAL TAX BENEFITS FOR 1992 e 22-three bedroom strata tite townhomes. © Under construction - completion April 1992. © Great Location - Burnaby, 2 . blocks from Edmonds S} "ain . and BC Hydro’s new head office. -|- © Purchase a quality town-. ...« Ikouse with as little as $1,000 down, approximately $510/ month to qualified purchasers. ‘» Five year rental guarantee - © Excellent Tax Benefits Over $20,000 for’92. Over $62,000 for first 5 years. Features: security parking - pas fireplaces » 6 quality appliances ¢ mini-blinds throughout + marble and tile finishing + European designer cabinets: . - large private terraces. * Enjoy a ‘No-Hassle’ investment opportunity. ® Professionally managed. Covers: *First mortgage, main- - tenance and management fees > Developer guarantees no negative cash fiow. . For more inforzaation, ’ Call Jacqueline Ashworth Phone: 922-1622 Pager: 650-4750... MACLEAN MANAGEMENT Lr. ‘Securities LIMITED p - FINANCIAL PLANNING - SECURITIES DEALER _[ Do you. need a. Financial Planner? St ‘you earn money, or pay taxes you can benefit - regardless of your financiai situation. Use his. éxpertise to put your money to work. The ; result is increased tax.savings and enhanced MOST PEOPLE struggle at the beginning of each year to find enough money to make their reg- istered retirement savings plan contribution for the previous tax year. “But there are easy ways (to make your RRSP contribution,”’ said a certified general accountant who specializes in retirement planning. ‘‘What’s more, the easy route can actually lead to a larger RRSP over the years.”” The CGA noted you may now carry forward an unused contribu- tion. That means if you den‘t have enough money to make your 1991 contribution, you can carry your ‘‘contribution room’’ for- ward to a future tax year. ‘But unless you have a specific reason for carrying forward and catching up later, you should make your maximum contribution each year both to save tax now and start your tax-sheltered growth in the RRSP as soon as possible,’’ said the CGA. The easiest, simplest way to make your maximum RRSP (or possibly spousal RRSP) contribu- tion is to have an automatic pay- ment transferred each month into the plan. The CGA listed some of the advantages: @ By the time the annual RRSP deadline arrives, you will have made your contribution — no more frantically trying to come up with the cash at the last moment. @ By having your financial in- stitution automatically put the funds into the RRSP each month, you hardiy even miss the money. It’s the same idea as buying Canada Savings Bonds on the payroll plan at work — the money is gone so you can’t spend it. ‘Many people find this save first and live on what’s left ap- Take Advantage of All our RRSP Angies! Your RRSP decisions should be based on MORE than | FRANK PALMER just great rates 5@: ‘New: RRSP Investment Rate Account ie . Bonus Interest — up to 12% ° © Special 9-month RRSP GIC_ ¢ RRSP loans at Prime Rate Please drop by our booth at the MONEY MATTERS SHOW. For more information > « Confederation Trust 688-9799 : 805 West Pender St. Vancouver m . by Dec. proach is the most effective way to build up investments,’ the CGA said. ne @ Making monthly contributions throughout the year rather than one jump sum in January or Feb- ruary will give you a higher return on your money. “First, your money starts to grow sooner: -this can easily add thousands if not tens of thousands of dollars to your RRSP over the - years, compared with contributing - at the start of the year for the... - previous year,”’ the CGA said. ‘Second, interest. rates are sometimes higher during the year . than they are in January and Feb- Tuary when the financial institu-" tions know the money’ will be flowing in anyway.”’ . @ The monthly contribution | -up- Froach can produce a bonus i ina. higher paycheque. Once you sign up for a monthly .. program, you can ask Revenue. Canada for ‘form. L-18, Request: ~ , for Reduction of Tax. Deductions — at Source. Complete this form and” attach a copy of it showing “how : much is going. into. the RRSP" each i month - - : Provided your "RRSP" deduction will create or increase.your tax f fund, Revenue Canada show then give your employer * permis- sion to withhold. less’ tax each ° “paycheque. - That’s:. better than having to wait until the ‘fol- lowing year for your refund..:.. “Put another way, *?” said: thi CGA, “‘let’s say you contribu $100 a-month to the RRSP.’ By: having (if you’re’in ‘the-41%" tax bracket) $41. less. tax’ -withhel from your pay each month, : yoi need io find only $59: to, ‘make. ~ your $100 contribution.”’” You can also ‘start this program: during the < year. 1f you : choo: a .June.t, for example, divide’ your, annual contribution. by 10 °to: the monthly, amount necessary: to’ reach your 2992 total: by. Mar. . Then divide the 1993 total by: E ‘or, to. get-on to a- calendar-year basis, divide. by. nime so. yo have made your 1993 co: eribation 1. From then.‘on,’ f start each: year’s 'S: Jan. 1 (or: perhaps earliest date possible. — investment returns. - ; A consultation with C. E. Securities Limited in- : volves no cost or obligation — only sound advice. 0 Persona! Financial Planning O Estate, Retirement and Tax Planning O Mutual Funds D Term Deposits 0 Employee Benefit Plans 1 Real Estate Syndications 0 Tax Shelter Products £3 Registered Retirement Savings Plans © Registered Education Savings Plans (1 Registered Retirement Income Funds cau: C.E, SECURITIES LIMITED ~ 685-0790 802-1200 BURRARD STREET VANCOUVER, B.C. Y6Z 2C7 SEE OUR BOOTH AT “THE MIKE GRENBY MONEY MATTERS SHOW” | IF YOU, ORANYONE YOU KNOW | IS THINKING OF SELLING A HOME THIS YEAR, YOU WANT TO MEET | JOHN McKILLIGAN ON |) FEBRUARY 8th, 1992 AT: | THE MONEY MATTERS SHOW LEARN ALL THE DETAILS ABOUT HOW OUR: SELLS HOMES F.A.S. qT AND S.A.V.E.S. MONEY! SOUND TOO GOOD T0.BE TRUE? COME AND MEET JOHN. | MckKILiLiGAN personally. to get all the details at the | MONEY MATTERS SHOW.