Bo - Friday, April 6, 1984 - North Shore News PES B.C. business Opening the doors to INCOME TAX RETURNS * Specializing in returns tor Commission Salespersons Smal Business Rental & Investment Income e Will prepare in the home tor home bound and senior citizens Complete Confidentiality and Reasonable Rates 20 years experience with Income Tax Department TAMARA BOECKLE 926-0579 Partnership for growth ISTORICALLY, real estate has made more people rich than any other type of invest- ent. Even for the average individual, a home (house) is probably the largest single invest- ment he or she will make tn their lifetime. With these two reference points in mind, it is easy to see why real estat: such a fascinating field and why tt altracts sO many investors. There are a number of ways tO Invest in real estate — you can buy shares of real estate companies which are listed on the stock exchange: there are Real Estate Invest- ment Trusts (REITs); deduct your mortgage; or invest your RRSP funds in your house mortgage, etc. However, if is not our in tention to eaplore any of we will cover them in the future. Rather, we will look ata few ‘'straws in the wind” regarding the current real estate picture, particularly on the North Shore, as perceived by a few local realtors. Before this, however, here Is One suggesuion which 1s ap- plicable to many, if not most, who are thinking about in- vesting in real estate. You would likely be well advised to start by paying off your a good idea to do so as quick- ly as possible. This will lower your interest payments and save you very substantial sums of money. The drawback in paying off your mortgage, of course, is that you use capital you might want to invest in other areas; and you lose some li- quidity. That is, if you need cash in a hurry, your house is not a particularly liquid See page B7 The Gaovernment of ( anada recognizes the fact that small and medium sized businesses constitute the backbone of the Canadian ecomomy and are this ¢oun try Samost dvnabie source Of new yobs This is whiy Budget 41 pays particular attention te the needs of small and median sized busimesses Tax Legislation Streamlined Small business tax legislation with be cut ly two thirds toonake teaser to under Stand and to reduce the costs for sriall ane miedtirn sized Duisinesses of complying witha this degustation Tax Form Simplified Aosirmpler tax forty will fiirthoer rechice the cost of adiiannmstrations within bovass nesses A yvood deal ob tax reporting and year to yoas record Keepurnyg will alsa toe eliminated these avenues in this column, own mortgage. It is generally If youown a small business $180 Million Reduction in Federal Taxes The net result of simpli fication, as well as new initiatives and provisions for growing small businesses will mean a tax saving tor small and medium sized businesses of some $150 million Dhese and other prowistons cComtamed: in Budget 41 are Nosvvvcarraboe a vol SY et Ce ee designed to help the small and medium sized business sector grow and prosper The Goverment of C anace needs the participation of all Canadians, ine loading stall business Owners to help ould for the future Get unvolved | & Finarwo Powe Cee ” Canado Canade Poca s Paty Cpe pore peared tor dre dpe yoo barred out ricore abot Barcheet 81 boy seni thre Conaprany below r= =a eee eee oe oe oe oe Mail ter Pbenetggent St Dep ear trreerst Thee Pua dyert: canecd VOD Upgnns Street COU awa Oba OR A, » Pile cme served crane Ub ae feobbe owe tage Fore ne Pon seens We ottrect Pretiste sts woiassll Psessanee as Tangpoavers fore otit Vdeootrees rworect nn anne barrier s Pris tre tpatine ce Phe op reel oiye rs Nati Noh dre as aca Iostal ( oabe Mb tran c Canada