26 - Wednesday, June 21, 1995
ra

1
waOe panel
ae

dollars

_and sense

- SUMMERTIME’S HERE,

- and with it comes a good

. opportunity to carry ou
“quick: RRSP review during.

* this relatively quiet financial
“period,

But should you even have a reg-
istered tetirement savings plan?
__ Reader E.B. is skeptical.
‘. “The tax bite now I am retired
is far greater than any tax I.
deferred,” E.B. said. “Certainly the
tax rate is continuously on the -
: increase, so how is one to derive -
any benefit without paying stiff. tax
penalties on withdrawal?”

‘He added taking $20, 000 ¢ out of.

his RRSP/RRIF to buy a new car

ring inyour old:
computer for
consignment * *
ho appolntment
necessary.

Shopearty °°"
for best
selection!

~North Shore News

cost him not only the tax on this
extra income but also several gov-
ernment benefits for a year because
his income was too high.

RRSPs make sense only if (a)
the present value of the (ax you
save when you contribute plus (b)
the tax-sheltered growth more than
make up for (c) the future tax you
pay (and benefits you might lose}
when you withdraw your money.

Normally, you shouldn’t con-
tribute to an RRSP if you might
need to take out the funds a short

- time later in a higher tax bracket. °
And astuie investors might do bet-
ter with the stock market, real
estate or a business than an RRSP.

So E.8.’s point is valid: Think
* "through all'aspects of an RRSP;
‘develop a strategy.

;. Reader A.G. worries about los-
ing up to half his RRSP/RRIF to
the government if he dies.

“T want to leave the money to
my brother,” he said.

Unforiunately, when you die
‘(and have no spouse or dependent
child) all the money in your
RRSP/RRIF will be added to 0 your
income and taxed. .

Some people buy life insurance
to pay this tax; which means they
have less money while alive so
their beneficiaries can have more.

See Plan page 32

PC. GALORE CONSIGNMENT iTD.

A: VANGOUVER'S FINEST COMPUTER CONSIGNMENT STORE '

919 Lonsdale Ave. |

27448 W. an Ave.

‘999-0547 732-7816.

: -_ BADR. to Thurs. 10 - 6 Fit. 10 - $;

Why work

Sat. tc - 5:50 |

for peanuts.

| when you can self them?

Starting your own business is one way to guarantee
. yourself.a job this summer. If you’re a full time ™
student returning to school this fall and legally”
entitled to work in Canada, the Student Business
Loans Program, the government of Canada’s summer

employment program for students, is offer

g loans

of up to $3,000 to help you start a business.

, For more information, CALL (604) 666-7703
eo Deadline: June 23,1995 ~

fHiman Resources
Development Caneda :

i
“ROYAL BANK.
BANQUE ROYALE

. Développement dos
feasuurces humalnes Canada”

NATIONAL BANQUE

BANK NATICNALE
taser Donen
Pnodhaaar ll

+ Benave teserme)
Ce developvemen I

| Canad

TELLIER PAT TAT CTCL MER LSS SI WIRY PP TONE ETNA OLS WY ECE Bed EME ATEN OT TENT

ey

gaa Royal insurance

¢ Fast fair claim settlements

w Safe drivers pay less

ty Compietely independent Auto Insurance
w Monthly payments

INSURANCE BROKERS §
est. 1906 Mon.- Sat.
988-1 148

SERIOUS PORTFOLIO INVESTORS
LAWYERS, ACCOUNTANTS, TRUSTEES

ADVANCED INVESTING SEMINAR’
“THE COMFORTABLE INVESTOR”

KEYS TO SUCCESSFUL BLUE CHIP INVESTING ° |
» REALITIES OF MUTUAL FUNDS AND. MARKETS

_ CHOOSING YOUR ADVISOR
"PORTFOLIOS THAT WORK’

JOHN H. BOWRON, former:
President, C.M. Oliver; V.P. Maritime Life’

sponsored by: C.M. OLIVER & CO. LTD.
at WEST VAN MEMORIAL LIBRARY
1900 BLOCK, MARINE DRIVE, WEST. VAN
; 7:33 PM TO 8:44 PM. ~ JUNE 22,.1995

“LIMITED SEATING = - call 926-8200.

peice:

Soon

* MS-DOS® file format compatiblity ee 85
via ASCH conversion . .

“e Desktop Reference system. ;

-.¢ 1l-yr. parts, 90- aay Jabour warranty

CORRECTION NOTICE

to our flyer running June 15 - 20 the following
ertors occurred: The Cantel Amigo cellular
phone should have sead “Not as illustrated". The
Audiovox PR150 cellular phone should have
been $199.99 after the $100 airtime rebate, .

The Future Shop sincerely regrets any inconven-
ience this may have caused our valued cus-
tomers,

She’s Back...
On the North Shore

Carol Torrance

-© Solguard © Financial ; Ltd.
pleased’: to’ welcome’ Carol.
Torrance to the staff of the West
Vancouver Branch, effective
July 4,°95.-- ,

Carol has many years experi-.
ence in financial insticutions.._
‘She is looking forward to offer-
ing her clients accessibility to_a
wide array of financial institu--
tions, giving her. the ‘ability to
obtain the best rates available for. |}
GICs, RSPs, RRIFs and LIFs —
at no cost to the client.

‘Solguard: ‘Financial Led. offers :
a wide variety of financial ’ prod- :
ucts “and. specializes in “retire
ment planning. - :
- 401 - 100 Park Royal South. ;
West Vancouver, B.C.) ose |
V7T 1A2. Phone: 925-3101 _

SRELCUARD

. Solguard Financial Lid,»
Consubants and Brokers since 974. “

disk drive’
° - Database Management j program
» * Much, much morel | :