From page 42 “Your local taxation office can provide you with a form that will help you determine your earned income and how much you can contribute te your RRSP,’’ says Roy. ‘Some financial institutions, including First City Trust, also of- fer a form to heip you in this area.”” . Neither investment income nor taxable capital gains are considered earned income, If you are self-employed or are not a member of a registered pen- sion plan, you may contribute either 20 per cent of your earned income or $7,500 —- whichever -is less, . If you do belong to a registered pension plan and both you and your employer contribute to it, you are allowed to invest up to 20 per cent of: your earned income or $3,500 -- again, whichever amount - is-lower. But first you must sub- tract the amount of money you put into your company pension plan. If. your employer made all your pension plan contributions, you don’t have to worry about this; just follow the 20% / $3,500 max- imum formula. ““Roy adds one more important point: “If you currently are receiv- ing payments from a company pension plan, old age security or ‘the Canada Pension Plan, you may contribute all of these payments over and above the maximum allowable RRSP contribution limits. However, you cannot in- clude these amounts when you fig- ure out your earned income.”” “You may own as many RRSPs - you like, providing the total contributions you make to all of them do not exceed the maximum allowable limit. -:4¥ou can open an RRSP and _ hever make another contribution. OPENEDUCATIONACCESS CENTER CAREER TRAINING _ Microcomputer courses. Learn :.- aliving at your pace and time. : © Professional assistance is @ MULTIMATE » © LOTUS 123 "9 dBASE Ill : © BOS - Basic Operating Skills: Facilities for rent; individual and company rates. - ACCESS CENTER: located in .. North Van. next to Lansdale Quay #%.,.2Nd Sea Bus Terminal, 984-4671. he a CEN AS ee hae A spousal RRSP is simply an RRSP in which the holder’s spouse makes the contributions. Con- tributions to both your own spouse’s RRSPs must not exceed your annual limits. The money in your RRSP might be invested in term deposits, mutual funds or a variety of other investment vehicles. When you open your RRSP, you determine where your contributions will be invested for that year. Finally, Roy offers this advice: “Do give your RRSP investment the time and attention it deserves. And if you are purchasing an RRSP for the first time, check out the products offered by a number of financial institutions before deciding and ask every question that comes to mind.” af SRG & %, G"*. IS YOUR GIC RRSP COSTING YOU MONEY? ee | ie By investing your Registered Retire- ment Savings Plan (RRSP) in AGF mutual funds, you y may earn signifi- 3 cantly more retire- 4? ment income than EY from a Guaranteed 2 Investment Certifi- BE cate (GIC) or term- ag TEEGATE deposit RRSP. REO ERE An investment of $5,500 a year for the last 10 years ina series of one-year GICs is now worth $99,139. The same $5,500 a year for 10 years invested inan AGF Balanced RRSP equally split between AGF's blue-chip Canadian stock fund (CANADIAN SECURITY GROWTH FUND} and AGF's 100% Canadian government bond fund (CANADIAN TRUSTEED INCOME FUND) would now be worth $145,823. That's a difference of $46,584 in just 10 years! * With top-performing, RRSP-eligible funds to choose from, and 30 years of money-management experience, AGP can help you choose the proper balance for your RRSP. Contact this AGP representative for more information. Your retirement depends on it! oo 30 YEARS OF RRSP LEADERSHIP 5 AD EWS Ge OD RED CD ES EAS SC YD NAG ND CS ES GTS a: AD END AD A ACD I ES A eC For further information call: GWENDOLYN CHAN 661-2456 Jalicarag a9 the neeravcl ¢vmty betwen of coropany 2 SLASH anayecheet Lorerd Chests Wacioa Dominion Securities Suite 2100-Park Place cine carey Or wcarocty. 0 a erawet of 0% lee tan 3 ch oe itil Neb Fasquauraoe ‘og adrarameerart met bm rand aa dyer obarg The ofierag a mace by te proapectus only and copeee thsrect may be obtacred as Cimicribed ADTTe — nee 666 Burrard St., Vancouver, B.C. WAYNE WONG, director of skiing at Mount Seymour, holds a season's pass for the ski area, North Shore ski hills are using special puss deals to lure potential skiers to their slopes. AGE MALE FEMALE MAF, 43 ~ Sunday, January 18, 1987 - North Shore News R.R.S.P. MATURITY OPTION RATES ANNUITY AND R.R.LF. ILLUSTRATIONS ... January, 1987 Monthly Income Based on $50,000 of proceeds R.R.LF. INCOME — MIN. BY LAW MALE / FEMALE SINGLE JOINT LIFE ANNUITY LIFE MIN, GUAR. GUAR. (CURRENT RATE 40.125) °° 10 YRS, 10 YRS. A (01k (0b Vear TOTAL PAYOUT YEAR FUND VALUE. TO AGE % TERM , ANNUITY $450.56 464.26 467.85 471.62 475.61 499.77 484.15 439.0 494.69 500.32 506.16 512.20 518.44 347,290 33% ,449 443,081 291,502 271,569 253,149 23,123 220,379 205,816 192,340 479,866 168,515 95,681 99,365 97,598 95,698 93,650 14% 39,033 86 ALD 83,561 80,426 16,970 13,140 Rates cae change from doy ta day and vary doyintacg os nncests. Kapcan wichecg 2 portecaiitsd RLF. printrat o¢ the free brochare ‘A Caide te Selocting Yeor RESP. Woberity Crtien” tay tolapheze 682-0577 er writs te Seite 1205-475 West Bactiogs Street, fanconver, 0.0. V8 102. Tables prepared by SOLGUARD FINANCIAL LTD. . Two Vancouver civil engineers are using Skill Investrnent to see what benefits new technology has for a firm their size. Peter Mickelson and David Stewart are keeping Omni Engineering abreast of the times in word processing and Computer Assisted Drafting (CAD) through Smaii Business Training assistance. . ‘Winning a contract may hinge on turning outa top quality proposal, and we needed to narrow down where Auto CAD would fit before we were in a position to put it into place,” said Peter Mickelson. “Skill investment is nelping improve our efficiency while allowing us to ramain competitive.” Good for Omni and good for business — almost any business. Information is available at your local Canada Employment Centre. THE CANADIAN JOBS STRATEGK~ Awe Canada Emploi 2t Employment and Iergration Canada Immigration Canada bey & ee a *