so YOU'VE decided to retire. -to sunnier climes?.One of the.’ questions you. might be asking *. yourself is, “Will I have to pack my income taxes along too?” - . . That will depend. on which country you retire to. ©. - - Canada has tax treaties with over 30 countries. These deter- - mine wwhere ‘your legal : pension and ‘death benefits; Tetirement allowances;:-RRSP. . and RRIF payments; interest, estate or trust income; capital gains; income from royalties; alimony; and rental income, to name a few. Form NR4 or NR4A will be sent to you by the payor, to let you. know how much. tax’ has been deducted.. Remember that non-resident tax will even be deducted from income that is being directed into a Canadian bank or trust company. Non-residents .do not need to file Canadian tax returns, except.for those years in which ~ a disposition of Canadian Pro- perty produces a capital gain. . (You need not include on this _return. income-earned- from |. “sources outside of Canada.) And you have the option of filing a. return to declare alimony, pension or annuity payments as if you were still a resident. This could enable’ you to pay tax on these at a lower rate than the flat rate charged non-residents. “Alter- -natively, you ‘may: file: ‘form, NRS to ask for a reduction in the non-resident tax paid on these. . With: a Bank of Montreal hat types of in- . h +. Income that is exempt from this tax includes: CPP and Old .. Age Security payments; social *.’ _assistance payments made on™ a needs basis; superannuation - or pension benefits attri- butable:to a year for which you were neither 2 Canadian resident, nor “employed bya Canadian ‘company; some lump sum pension payments; and certain bonds, debentures, _ notes and Mortgages. - . BUSINESS — 7 LOCATION =~ Established, well-known ervice/sales oriented company has: excellent modern West Broadway location to share with compatible all income from: i ‘your depar up. eo Ik advantage. . a |Phone: Mr. Hardy. ig? your: “=> Follow up-: consultation: service & ‘reference material Only $60: W Fe used the equity in in our: ‘home t to \ a Vifinance our new ‘pool with a Bank “Of Montreal Home Equity: ’. NOW-our monthly payments. are ‘more manageable vt MORE MANAGEABLE MONTHLY | wl PAYMENTS.. : ~ <> A Bank of Montreal Home Equity. can make: your monthly payments: lower than.a regular instalment loan: By using the equity in your home you can amortize your oan up to a period of 25 years, and take advantage of lower interest rates. This could cut your monthly payments almost - in half. For exampie, payments ona $20,000. - instalment loan can be as high as $475.80! Payments on our $20,000 Home Equity Loan could be as low as $240.76"* , WIDEST CHOICE OF TERMS. __ ABank of Montreal Home Eauity Loan’ Plan also features the widest range of terms. Of the major chartered banks, only -. ‘Equity Loan rates of any major ban The Home Equity Loan Plan, from Bank’ -of Montreal. It can be used for‘ar while purpose. Home improvements. A new -. cottage. A sailboat or recreational vehicle. “Debt consolidation. Or for’ investm It financing ; "To. find out more, come into any “branch of Bank of Montreal: . ".*1506 interest, calculated monthly, 5 year term, ‘ and amortization. *"14% interest, calculated monthly, 5 year term, 25 year amortization. « ‘Aildetails accurate asat Mar 20, 1985, 3s. suble cto change without notice. ; ‘oul ; i ngo.’ Motivation ‘and: Discipline hallmark ” this unique Canadian School located 1 Southarn philosophy-and ‘the day to Bi school. Curriculum, ‘disciptine, the ~ Importance ‘of ‘authemicity tn, the educational ex- ‘perience Will be Covered,” aw vel asa slide pre- sentation prepared by the Cad ; .. ‘Date: Apri 46th, 1885 Time: 7230 p.m. Place: Holtybum Country:Club ' , “95 Crosa Creek Road West Vancouver, 8.C.E a Interested parents and professionals are invited & ~sto'attend and-share fn:an informal reception fol & lowing the presentation ; Pisase call Joy Leon at 430-1211 to coniirm your ‘attendance in order for priate seating to be | Bank of Montreal Doing more for you.