TAX NEWS Couples watch fer deductions IN TODAY’S troubled economy, more wives are entering the working force to help make ends meet. Even though a wife's income may not be large, Revenue Canada may consider her income too high to be claimed as a dependant by her husband. Since the amount used to calculate personal exemptions is the net income of the spouse, reducing the wife’s net income will increase her husband’s married ex- emption. One way of reducing her het income is contributing certain amounts to an RRSP. . Uf part of her income consists of dividends frem Canadian corpora- tions, an election is available whereby, declaring her dividends as his own, the taxpayer increases the married exemption. By doing so, he alse receives the benefit of the Dividend Tax Credit which could be lost if the wife has no taxable income. Even when the net income may not be reduced, there are certain deductions which the wife could transfer to th: husband. Provided that she does not need these deductions t, reduce her taxable income to zero, the wife could transfer her investment deductions, her pension incoir:e deduction, her education deduction, her disabiiity deduction, and if she is 65 years old or over, her age exemption. _ Certain -calculations are neces- sary to arrive at the correct amount that may be transferred from one spouse to the other. Also, a few additions and subtrac- NATIONAL. TRUST A Division of National Vietorta and Grey Trustco tions are needed to calculate the amount that may be contributed to an RRSP. If taxpayers feel that they may be able to take advantage of these ‘ exemptions and deductions, but are unabls to calculate the correct amounts, they should consult a tax specialist before filing their 1985 income tax return. Are you sure you're getting the biggest tax refund you're entitled to this year? At H&R Block our tax return preparers have been specially trained to find every deduction, exemption and credit that can save you — money. in fact, ina recent survey, 2 out of 3 H@R Block customers who got refunds believed they got bigger refunds than if they did their own taxes. Come to H&R Block this year. We can help you save as much of your hard earned money as possible. You could get more than you bargained for 2t 1754 Lonsdale 284-4288 Lynn Valley Mail 984-6421 For further detalls of our Guaranteed Plans, as well as our TOTAL RRSP, speak to your Branch Manager today. WEST VANCOUVER 935 Park Royal South NORTH VANCOUVER 1407 Lonsdale Sears Capilano Mall 985-7722 Park Royal Mail 922-1495 922-9191 | 980-5714 ain FM £ YOUR OWN BUSINESS? Take action to turn your dream into reality. In our 6 hr. serninar, you'll learn the key steps to succeed & pitfalls to avoid in starting and managing a business; all you'll need to prepare a complete realistic business plan. Includes FREE book on Govt. assistance programs and individual follow-up after seminar. Register now. Sat. March 1 9-4:30 p.m. Canyon Gardens 3381 Capilano Rd. Fee $85 Lunch inciudsd AVOID STRESS BY LEARNING TIME MANAGEMENT SKILLS Our Time Managemant seminar , covers: cece eee ¢ Fiow to evaluate where your time actually goes. ¢ How to establish goals and set priorities, * How to identify & handle time wasters Also included is a free reference guirie and a copy of “Getting hings Done” by Edwin Bliss. No excuses, Register Now! Thurs. Feb. 20 7-10 p.m Canyon Gardens 3381 Capilano Rd. Fee $50 For registration/details call Andria at 666-7703 Ask about discounts. certificate, and our Counselling & Financial Services) #6-221 W. Esplanade, N.V. B.C. Raii Bidg. | ader in Business Development” Canada EAA ERNE CE q @ Federal Business Develorment Bank PREECE EE? THIS RRSP EARNED 2 FOR THE “PAST 10 YEARS. Over the past1O years, you could have earn- ed an outstanding 20.2% compound annual retum* by investing in AGF’s CANADIAN SECURITY GROWTH FUND RRSP. This sensibly diversified mutual fund invests in dividend- paying stocks of more than 60 leading Canadian corporations. For the last 10 years, CSGF has provided about twice the return of a GIC or term deposit RRSP, in the last 12 months, the fund's return has been an excep- tional 25.5%! Compared to even an 18% equi- ty fund, a $5,5CO annual RRSP investment for 20 years in a 20% equity fund yields an ex- tra $220,000 of retirement savings! And CSGF is managed hy AGF, one of Canada’s largest and most successful investment mancdgement companies. As well as this years PRSP, why not invest. vour less pro- fitable RRSPs from past years in ihe sensibie 202% RRSP, Find out more about the CANA- DIAN SECURITY GROWTH FUND RRSP today. “For 1O-year period ending October 3ist. 1985 Source: Financia! Times AGF CANADIAN SECURITY GROWTH FUND RRSP A YEAR ‘ 4 ADDRESS _ a g oh POSTAL Gordon V. Stennar CITY PROV. CODE President PHONE , (Home) (Business) / BEENNER ANCIAL ES LT