~ GRAB IT while it lasts. .
Thai's what financial advisors
are’ saying about the $250,000
“lifetime, exemption’’ on. capital
_- c gains, “

+ the: sarne. way: as thi
. dividend exemption.
_ >. First,” you, calculate your: ‘net -
~. capital. gains: on schedule: three,
.; and enter them: as. income. on line
127.(Capitat gains will still be part
of | your ‘‘net income.’ ‘y?
|. The: lifetime. exemption,’ online
254, is-the last deduction. claimed
-in calculating’ ‘your.’ ‘taxable | in-
. Jeome.??: For 1985, the: maximum
amount. that can be entered as a
: capital gains exemption on line 254
- is $10,000. : ”

Come dressed in your.
favourite beach
._ clothes & you could
win a free’ escape .

. But the lifetime exemption might
have a short lifetime, warns John
Kenyon of Thorne Riddell
Chartered Accountants.

Capital gains are profits realized
on the buying and selling of, for
example, stocks or real estate.
Since 1971, Canadian residents
have been required to pay tax on

one-half of alt capital gains real-

ized,

The new lifetime exemption ap-
plies to the taxable half of capital
gains. It will be phased in over six

_ years, starting : with. the 1985. tax
year.

The ‘exemption works in. much
interest, and

Subsequently,

by ‘using the: new. exemption can

“never” add:.up 10..more than:
- $25, 000" in’ 1986; $50, 000 in 1987;

weekend.

o “Gifts for everyon
-Draw Prizes 7
. ‘Dancing & more

‘Departures 2000 hours:
‘Feb; 14; 1986... -
Pier 1999 Marine Dr.

rae

~ ~ BUAZAS HOTEL -

‘1999 Marine Drive, North Vancouver, 987- 3043 .

ONAL

; the: cumulative ao
total claimed during and after 1985.

Take. advantage of
all tax exemptions

$100,000 in 1988; $150,000 in
1989; and $250,000 in 1990.

It’s called a ‘lifetime exemp-
tion’? because, once the $250,000
limit has been reached, capital

‘gains no longer qualify for the ex-
emption,

; Kenyon, warns: that’ the lifetime
exemption might soon be decreas-
ed or dropped altogether, especial-
ly with another federal budget just
around the corner, .

*The People’s Law “School - will
be offering a free seminar on per-
sonal tax planning on :Tues., Feb.
11, from 7 to 9-p.m.

Killarney St:, Vancouver; :

The. school will also offer a ‘free 8

seminar on RRSPs‘on-Thurs., Feb;
‘13, from: 7:30°. to”. 9:30 “pan,” at.
Britannia Secozdary School, 1001:
Cotton St., . Vancouver. :

eee

tt S worth
a few 3teps

; RSP returns |

“5 Year Term: Annual Pay,
Rates Subject to ¢ firma ion.

annual RSP investment :
work harder for you. We

” offer top savings and G.I.C,
rates.

"Walk over today, you'll bes an

» step closer to achieving"

“your retirement goals.

; West Vancouver Branch
1760 Marine Drive
~'. West Vancouver
: 922-3276 : eae

at the. =.
Killarney Recreation Centre, ' 6260, aa

Phone
134-1126 to pre-register. is :

to get the best | |

25 ~ Sunday, February 9, 1986 - North Shore News

A PRE-RETIREMENT
PLANNING SEMINAR
of interest to people age 50 and over
to be held at
West Vancouver Recreation Centre
780 22nd St. (Dogwood Room) West Vancouver
Feb. 10th at 7:30 p.m.

Seminar participants will have an opportunity to discuss and learn: |

¢ how to plan for financial security during retirement

* how to select the right RRSP and/or Annunity

© how to take advantage of available tax concessions

« How to maximize pension income

* how to plan your insurance program for retirement
The seminar will be relaxed and informal in an effort to provide an in-
formational tearning experience. There is no charge but reservations
are necessary. Spouses are encouraged to attend.

ROBINSON .
G

ABLE
MCCAULLEY
& COMPANY INC.

The Personal-Financial Planners

ae SEMINAR.

“(One night only). a
R. R. s. P. ‘Investment Strategios
: and
_ The New Minimum Tax.

' nl

For reservations call
Terri at

682-5232

Guest speakers: James. Keayes, P. Eng.:
Established Account Executive.
“Bache Securities.Inc.
--- Norman. Yurick, C.A.
“.~ Taxation Manager
“Touche Ross &:Co.

‘Date & Time: | > Tuesday, Feb. 11, 7-96 p. m.”

Place: “International Plaza Hotel ,
Salan. A. 02 .
North Vancouver,. B. fe

: ‘Seating may: be reserved by. callin
Lesley: Tarves 680-8441 ;

“ Sp onsored 4 by :
Bache: Securities: Inc.

“Suite: 900,669 Granville Sti:
: ~ Mancouver, B.C.

n- conjunction with.
oche Ross &:Co

‘That's the ‘exceptional record of .

’ Industrial Growth Fund... -
Industrial Growth has achieved ao
record of superior long-term returns. “ ;
‘ Better still; it's managed for you by Mac inancial Corpora

| under a strategy that gives top prionty to protecting your capital.,”: °:
It's the an lucing the’stress — and increasing the re
your RRSP Write or all for deta da

Old like to reduce the stress candi increase’ the
tewards of my RRSP investing, please s send Th
RRSP Answer Book. .

NAME ~”

“ADDRESS :

eoff Higga/Jobn Dingman
IMPERIAL SECURITIE IES: LTD.’

3787 |