SAVING FOR RETIREMENT RFASPs remain attractive HOW MUCH income would you like to have when you retire? If your answer is ‘‘as much as possi- ble,”’ you should think about get- ting an RRSP savings program in- to high gear. There’s nothing complicated about RRSPs. The more you con- tribute, the more you’ll have when you retire. And the earlier you start contributing, the easier it is to save a larger amount. It’s as simple 3 that as that. For exampie, do you realize that if you begin contributing at age 30 instead of age 37, you'll ac- cumulate twice as much in your P nually? In other words, the con- tributions that you make —- or don’t make — carly on are the most important. Every dollar you contribute to Free advice given SENIORS CAN get free advice on tax planning and money matters at a seminar being offered by recCen- tre Lynn Valley. Guest speaker Theresa Moylan of Investors Syndicate will discuss RRSPs, securities investment, tax plenning and income planning for retirement. The seminar takes place on Tuesday, Feb. 14 from 1 to 3 p.m. at the recreation centre located on Mountain Highway at Frederick. For more information call 984- 9341. an RRSP reduces your tax bill. For most Canadians, this means a larger tax refund come April or May. And the investment income earned in your RRSP is not taxed. That’s why your RRSP invest- ments grow so much more quickly than your other savings. The RRSP season starts right after Christmas, the worst time to be icoking for a few extra dollars. So why not consider contributing through a series of post-dated che- ques, or arrange for monthly automatic withdrawal from your savings account? You might even think about borrowing. The interest you pay is not deductible, but the rates are 31 - Sunday, February 12, 1989 - North Shore News CONTEST WINNER Jim Morrow is congratulated by H Capilano Mail marketing director Jeri Jans (left) and : Geraldine Durrant of Ward Air. Morrow recently won a trip for two te Hawaii courtesy of Ward Air in a Capilano 5 Mall draw. NEWS photo Mike Wakefield attractive for RRSP loans. And in a few months, you can use your tax refund to repay a large portion of the loan. If this is your first RRSP con- tribution, you may want to start out on the safe side by launching your plan with a GIC that guaran- tees a specific rate of interest. They usually come in one to five year terms, so talk it over with your branch manager. He or she will suggest one that suits your needs. For further information on any Royal Trust products or services, please contact James Darke at the West Vancouver branch, 922-3276, or come in person to 1760 Marine Drive, West Vancouver. d year GIC 125%) RRSP ELIGIBLE “ GOVERNMENT GUARANTEED * Rates as of Feb. 9/89, subject fo change Phone the investment professionals at Wood Gundy Can: Darrell Oswald Rates as ot Feb. 9/89, subject to change 661-2311 E VA% 7 YR. GUARANTEED RRSP Interest compounded annually. Rate subject to change without notice. Counsel Trust Momter Canada Dereut Isucanee Carpuraton 534 Burrard St., Vancouver 688-7878 4 Or Call toll Free 1-800-663-0279 THE CORPORATION OF THE CITY OF NORTH VANCOUVER As part of a City-wide View Study now being undertaken we would like to hear from residents of the City of North Vancouver. The results of the first stage of the Study will be displayed at a: Public Open House on February 14, 1989, between 3 and 9 p.m., at the City Hall, 141 West 14th Street Short presentations will be made throughout the day, focus- ing on specific areas as follows: Upper Lonsdate 3-4 p.m. and 6-7 p.m. Lower Lonsdale 4-5 p.m. and 7-8 p.m. All other areas 5-6 p.m. and 8-9 p.m. If you have any questions or if you are unable to attend on February 14, 1989, phone Development Services at 985-7761, locals 215 or 216 PLEASE COME AND REVIEW THE RESULTS With the sweeping changes in the tax laws, many Canadians are confused as to how their income tax returns will be affected. At H&R Block, we have the answers. Our specially trained tax preparers will always find you every deduction and credit to which you are entitled. Come to H&R Block this year — we'll get you the biggest refund you have coming. IF THERE'S EVER A TIME FOR Canavan 4 Unlocks RRSP’s guaranteed rates with no 8 lock inclause, no minimum g deposit. no minimum term. and no fee". As weil. The five year rate applies As well, Canavan offers on monthly deposits one three or five year *Subject to interest adjustment It's the plan that gives you the EDGE in the RRSP jungle. CANAVAN INSURANCE QUOTATIONS The Best Policy for the Best Price #1400~ 400 Burrard St. Vancouver. BC. Phone 643-1717 Fax. 643-1760 A Division of Leste J. Canavan Insurance Services Ltd You've got it! An equity- based retirement savings plan that has no front or back end loads, Ao administration fees. it's NOW 1754 Lonsdale — 984-4288 232 Lonsdale — 985-7883 Lynn Valley Centre — 984-6412 Also located in Sears Capilano and Bay Park Royal