46 - Wednesday, January 11, 1969 - North Shore News Financial seminars slated SEVERAL SEMINARS on finan- cial planning and investments for women are being offered at the West Vancouver Recreation Cen- tre. Instructor Janet Hume will ex- plain financial and investment terms and encourage questions in a supportive atmosphere. The first seminar, Unravelling Financial Planning for Women, is To many parents, it seems like : yesterday their children started school. But time flies so quickly tiiat the minute you turn around, your kids are off to university or college. To help take the financial worry out of the inevitable day your child heads off for higher education, consider in- vesting in an RBC Dominion Securities Education Trust. It helps you handle the cost of post- secondary education. Income earned on your choice of investments is sheltered from tax. With “ egQenpneweewoas nm ew ae Teens ewe eee ee Yes, | want to know more about the tax-saving RBC Dominion Securities ; Do you handle your child's future as carefully as you handle your child? being offered twice, on Thursday, Jan. 12 from 1 to 3 p.m. and on Monday, Jan. 16 from 7:30 to 9:30 p.m. The second seminar, Unravelling Investment Terms for Women, will be held Thursday, Jan. 26 from 1 to 3 p.m. and Monday, Jan. 30 from 7:30 to 9:30 p.m. Cost of each seminar is $10 and pre- registration is necessary. For more information call 926-3266. your eamings compounding tax free, your investment grows quickly. Plus, it’s easy to start. For further information, return the coupon below or call: For your benefit. And especially your child's. may also contribute to their Syandchildrea’s education. RBC DOMINION SECURITIES Send to: Ferewaanwewe oe Education Trust. Please send me your brochure today. Name Street City —_— Province Postal Code Tel. (Bus.) — (Res.) My RBC DS Consuitant’s name (if applicable) ___.______E Bob Wells Suiie 2210, Hoeg Kong Bank Building Hagh Cooper 885 W.Georgia Si., Van., B.C. V6C 3E8 Tel. 661-2433 MAKE THIS the year your per- sonal Tax Freedom Day occurs as early as possible. Most of us work up to half of each year to pay all our different taxes: property, sales, excise and so on. But the largest single tax bill for most of us is the one we pay to Revenue Canada, Taxation. Fortunately, our income tax bill is the one most of us can do some- thing to reduce. The key to strategic tax planning — just happens to be the name of a booklet produced by the Cer- tified General Accountants Association of Canada. “This is an excellent guide — written in plain English — to help you save tax,” said one CGA with a public practic: on the North Shore. “I'd suggest you read through this booklet and note areas that could apply to your situation.” You will be able to pick up.a free copy of Strategic Tax Plann- ing 1988/89 at the 1989 Mike Grenby Money Show — How to Make Investing Fay Off on Jan. 16 at Centennial Theatre. The booklet will be passed out by the Certified General Accoun- tants Association of British Col- umbia, co-sponsors of the money show, after Grenby’s presentation. Planning how to save taxes is a year-round process. ” So while you should make sure you don’t miss any tax credits or deductions for 1988 and possibly consider an RRSP contribution as both an investment and a way to reduce last year’s tax bill, you should also be making plans to keep your 1989 taxes as low as legally possible. Review the following points for your 1988 tax return “but you must look at all aspects of your fi- nancial situation before taking any Steps,”? said the CGA. ‘There is no one right way to plan taxes that applies to everybody.’”” © Contributing to an RRSP by the dollar you receive will be added to your income for that year. Reduce Page 48 Mar. 1 deadline will save you tax. But make sure you look ahead to the time when you will want your money back -— because then every Popular deductions eliminated From page 45 your tax bracket, the more tax you will save. Two popular deductions have been eliminated: the $1,000 in- © Get ail your tax slips and other material together. Read through the guide and return, highlighting relevant sections. Put aside mate- rial that doesn’t apply to you. © Don’t set_out to complete your return the first time. Simply fill in as many blanks as you car. Note missing information and questions that need answering. * Once you have the rest of the details and documentation, com- plete the return. © Review your return a couple of days later before mailing it. Be sure to keep a copy of everything you submit. ® Do file by the April 30 deadline vestment income deduction and the $500 employment deduction. The CGAs suggested the foliow- ing steps if you decide to complete your own return: ” GIC-RASP’S* Deferred Payment RRSP T-Bilt Savingst. Great rates and security with the flexibility of not having your money iocked in for a set term. Loans®*. Consider the advantages of contributing the maximum to your RRSP. Even if you don’t have the full amount to deposit, we can help with an RRSP Loan. Ask us for details. “Bast Rate” All our GIC-RRSP’s, from 1 to 5-year terms, guarantee you our highest rates. pete hecaue we'll match any higher rate offered by: Cunadian lmperial Bank of Commerce. Royal Bunk. Torunia Dominion Bank. Bank of Nova Scotia. Bank of Mosircal. Canada Trust. Roysl Trust. + Rate set relative to 9-Day Governsem of Canada Treasury Bills. and amount of money on deposit. *Subiect to credit worthinem. CENTRALTI GUARANTY Park Royal South Shopping Mail All Schmelzel, Branch Manager Phone 922-0158 — even if you can’t afford to pay what you owe. That way, you avoid late filing penalties. Contact Revenue Canada to explain why you can't pay on time ard propose a repayment schedule. Of course, you will have to pay interest on the outstanaing balance. This article was prepared by the Certified General Accountants Association of British Columbia, the province’s largest professional accounting body. For further information the association can be reached at 1555 West 8th Avenue, Vancouver, B.C., V6J 1T5, or phone 732-§211.