B6 - Sunday, January 16, 1983 - North Shore News

8 business

A Registered Retirement
Savings Plan is one way to
reduce taxes for 1982 and
prepare for a comfortable
retirement. An RRSP is a tax
deferral. That means you
will pay taxes on the money
in the plan, but not until the
money is withdrawn. ,

tf used property, an RRSP
allows—you “to defer paymg
income taxes on your
contributions until personal
usually after have
retired.

-If-—yeu- -are young,
retirement planning may not
seem important. But the
younger you are when you

A price

The North Shore Business
Club is busy helping its
members and their staff to
obtain preferential discounts

on products and services
offered by North Shore

you

encourage extra business for
North Shore firms while at
the same time giving a price
break to consumers

tough economic times,” said
Nick Batistic, the group

JANUARY CLEARANCE
SAVE 30% to 50%

Here is your excellent opportunity to purchase
Quality men’s clothing at generous reductions.

__SAVE ON_IN

eady for a comfortable tomorrow

take out an RRSP, the more
valuable your contributions
will be, both in tax savings
over the years and security
for the future.

For example, if you start
an RRSP at age 36 and make
an annual contribution of
$1,000, the plan would grow
.to about $240,000 by age 65,
assuming an interest rate of

“2 per cent” _ —

There is a limit on how
much you can contribute to

—_——e—~
=

ee _al mm

——T oan |

fi

pretation Bulletin
‘Registered Retirement
Savings Plans’ explain the
rules.’

Not everyone can afford
to contribute a substantial
amount to an RRSP each
year. Depending on your
circumstances, borrowing

from the bank may be a good -

idea.

Tf you borrowed money to
contribute to an RRSP
before November 12, 1981,

_htmerous | plans to

RRSP after November 12,
1981 is not déductible at all.

You have until March 2,
1983 to make a contribution
to an RRSP which will be
deductible from your 1982
income.

If you are considering
opening an RRSP, there are

from. Some plans assess_an
administration fee annually ’

or impose a charge when you -

cash out the plan. Some

: e
according to your earned
income and whether you or
your employer cdfitribute to
a company pension plan.
Your income tax guide and
Revenue Canada's Inter-

break

chairman.

The North Shore Business

Club meets every Tuesday
morning at 7:30 a.m. for
breakfast at the Rally Point
Cafe on Pemberton Ave.
- Fhere is
waiting list for membership
but persons requiring more
information about the club
represented should calt Nick
Batistic at 526-8641 (day) or
985-6704 (evenings).

ANNUAL

On. our entire stock of dres s shirts

Choose trotr-

SUITS - Warran Cook, Merrit, Esquire
SPORTS JACKETS

y for best selection! Sale ends Jan 31/83

Father, Son

Apparel

presently «a -

1420 Lonsdale Ave.
North Vancouver

988-7620

the interest on the loan ts
deductible. Interest on loans

you take to contribute to an _

THE CORPORATION OF THE
DISTRICT OF
NORTH VANCOUVER

Thirty-two (32) serviced residential lots are offered
for sale by Public Tender, in the areas of: -

LYNN VALLEY, UPPER LONSDALE, BLUERIDGE,
SEYMOUR HEIGHTS, and DEEP COVE

The closing time for bids will be 11:00 a.m. on the
27th vay of January, 1983.

For further ‘information, ‘contact the Land Depart-
ment at the Municipal Hall, 355 West Queens Road,
North Vancouver, B.C. V7N 2K6.

Telephone: 987-7 131

and many. other items

ARROW - AQUA SCUTUM - VALENTE

mn

VISA
M/C

of years, while others |

RRSP vendors pay a fixed
rate of interest for a period -
pa

Talk to us about

eee eon —« «| SS.

Registered Retirement |
“Savings Plans.

North Shore Community
Credit Union

“The RRSP Experts”

the ‘current market rate’
each year.

differences in the way funds

in various plans are invested.

There are also. Make sure you know the
rules before you invest.

© ANNUITIES
© INCOME SPLITTING ©
© EQUITY INVESTMENTS
TAX DEFERRAL VEHICLES ©
AFTER TAX RETURN ANALYSIS

international Plaza Hotel!

Capiiase Ré. & Marine Br. W.¥.

Tharsday, Jan. 20, 7:30 p.m.
Limited pacer ie Admission

682-5431
Presented by:

The Apvestors Group

“SIRS RSS RRTEN I ARETE RAR rh RAR habe pet me eee