From page 34

of Vancouver, received 12
months’ probation after he
pleaded guilty to possessing,
marijuana on Feb. 2 in North
Vancouver City.

Nahanee was required to
do 15 hours of community
work service.

Save the Children
Christmas Cards really

RRS aS, SICTEROOLE

Barry Alien Williams, 41, of
North Van, received 12
months* probation a after he
pleaded guilty to wafficking a
narcotic on Feb. 2 in North
Van City.

Williams was required to
perform 50 hours of commu-
nity work service.

‘Before Judge Ian Walker
in West Vancouver provincial

court on Oct. 15:

Shawn James Hewer, 29, of
Surrey, was fined $200 and
had his driver’s licence sus-
pended for six months after he
pleaded guilty to driving with-
out a licence on June 14 in
West Vancouver.

Before Judge Reginald
Grandison in West
Vancouver provincial court

cael! ert eta RATA TET Seats

on Oct. 10:

David Barclay Sinclair, 28,
of West Vancouver, was jailed
two days and received 12
months’ probation after he
pleaded guilty to:

M assaulting a man on Feb. 24
in West Vancouver;

B stealing = merchandise
belonging to Eaton’s in West
Van on the same day.

do save children

There's every reason to party at this holiday time of the year.

And there’s every reason to choose Milestone’s as the place to go.
Reservations are still available for Christmas parties and for
New Year's Eve. From our regular or pre-set menus, the prices
are right and the food and service are Milestone’s great.

Before Judge Reginald on Dec. 16, 1995.
Grandison in
Vancouver provincial court
on Oct. 9:
Mohammad Vahdany-
Irandoost, 37, of Vancouver,
was - jailed five days and |
received 12 months’ probation -
after he pleaded guil-, to steal: -
ing merchandise from Coast’
Mountain Sports in West Van’:

GETYOUR GROUP.
‘TOGETHER AND
CALLUS!

ONEY? ARF YOU

Congratulations.
As of this year you qualify
for $15,000 in unclaimed
RRSP contributions.

If you only had the money!

What to do! What to do!?

March Ist.
lt keeps coming around, ready or not.

And every year they say you have the privilege of
catching up on your unused RRSP contributions.

Gee, thanks a lot.

Every year you start out with strong resolve.
Good intentions. Promises. You know you ought
to do it, but then March Ist rolls by and some-
how the money's not there. Your unused RRSP
contributions grow and grow, until they get way
too big to handle. And you just give up.

What to do! What to do!?

THE SCOTIA RRSP
CATCH-Up™ LOAN

(Here's a quick math version as
an example, just to get you thinking.)

1.

Borrow $15,000.
(Oras much as $50,000* at rates as low as Prime**)

2.
GET BACK $6,000 ON YOUR TAX RETURN
AND PAY DOWN YOUR LOAN.
(This depends on your tax rate, and other stuff.
Doesn't everything?!)
3.
Pay BACK $157/MONTH.
(Seem possible? If need be, you cai take
up to 10 years to repuy.)

4,
WATCH YOUR BRSP GROW TO Si3,361 IN
3 YEARS AND 6 MONTHS, WHEN YOUR LOAN IS
PAID OUT. IN 25 YEARS, YOU'LL HAVE $47,856.
(SO WHO'S NUTS?)

(Here conves the fine print. The example
above is basec.on the following assum: ations. )

: 1)-lavestor is in 40% marginal ix come tax bracket and is eligible far 3 *

2}-Loan is amortized over 10 years anc ‘© subject to applicable credit usiteri:

over the fife of the toan is 4.75%. Rate is fi ad for each term of the ioan ~ 1 to S year :
terms available. 3)~Tax refund is used to 9 :
A pay back an additional $10,348 ($9,000 of principal & $1,348 in interest}. 4)-R SP :
@ invesiments earn an average annual compound return of 4.75% in a diversified portfolio. §

down principal at the tourth month -

(So much for fine print.Talk to us.
We speak in large print.)

Downtown 682-4477
Kitsilano 734-8616
_English Bay 662-3431
Burnaby 291-7393
Richmond 273-4111
Park Royal 925-9825

“Let'’s'see if I've got this straigh

my unclaimed RRSP contri
I can take a loan; just th:

Today, I will pull owt that nasty ft
that says MY INCOME.TAX. The on
name and all those numbers on it: The one that.
makes my blood run cold. I'll find the square.’
that tells me how far behind I am on my RRSP
potential. Then I'll walk it over to my neigh-.
bourhood Scotiabank and I'll ask them for a”
Catch-Up Loan. This I-will do, and ['ll do it now":

Of course, you'd rather not borrow. But this is oy

borrowing to save. The idea is to do this once, so
youcan catch up and keep Up. o

It’s not entirely painless to squeeze ‘out another.
$157 per month to pay back the Catch-Up Loan,
but you can do it, and live to count the rewards.

Point is, you can do something.

Because doing nothing is the worst idea of all. ,

2
Scotiabank &
What to do”
1-888-267-5483
* Registered ‘frade-mark of The Bank of Nova Scatia,
'’ Trade-marks of The Bank of Nova Scotia..* Subject to

applicable credit criteria. °*Scetiabank’s Prime rate as of
November 25, 1996 was 4.75% und is subject to change:

wwuscotiabank.ca

— Compiled by Anna
Marie DeAngelo