Canada
| pension |
icontributions |
to increase |

From page 30

changes. The maximum CPP
benefit will soon be $500, which
would produce a reduced pension
at age 60 of $350 a month.

RRSP funds could be used to
bridge the gap and create an in-
come equivalent to the old age
pension of a further $300 a month.
It would therefore take very little
to create additional pension in-
come of around $650. Many older
workers, particularly single, self-
supporting women, will find this a
blessing which enables them to en-
joy a few precious years of retire-
ment before age 65.

At the other end of the scale,
people who wish to continue work-
ing beyond age 65 need not take
their Canada Pension. Not only
might they not need the money,
they certainly wil! not wish to pay
tax on it at their highest rate whilst
still working. On the other hand,
some may prefer to take their pen-
sion as early as possible and roll it
over into their RRSP where they
feel they may achieve a_ better
return. Although this could be
done until 1990 under present
rules, it is not recommended for
most people. The full effect of in-
dexing would be reduced and theie’
is always the possibility of loss
through the failure of high-risk in-
vestments in the RRSP.

The bad news is that contribu-
tions will begin to increase yearly
starting next year.

These new rules are welcomed as
the government continues to give
increased incentives to taxpayers to
provide for their own retirement
and greater flexibility to tailor-
make their own personal retire-
ment plans.

Bert Wickham is one of B.C.’s
foremost authorities on financial
planning for.retirement. This series
of articles is designed to help you
make the most of your income in
retirement and keep your taxes to
the legal minimum. However, as
they are of a general nature,
readers are advised to check
carefully before applying them to
_their personal situation.

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* Washing
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« Fridges

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FBDB helps

SMALL BUSINESS operators
often run into problems getting the
financing they need in order to ex-
pand only because they lack the
know-how to handle the paper-
work lenders must have to advance
funds.

Now help is at hand through the
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FBDB’s service helps en-
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smail business

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Recognizing the need, FBDB
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The proposal that emerges might
well turn out as a package in-
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term loans, equity financing ‘and
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combination of these.

If required, the bank will act as
an intermediary for the client.

An outstanding
opportunity to
invest in a

high quality,
profitable
shopping centre
with tax-favoured
treatment of income

For more information cal!

MARK SHAHKI
669-1143

Featuring Save-On-Foods and Shoppers Drug Mart, valley Shopping Centre
is located in the heart of Langley, B.C., one of Western Canada's fastest
growing communities.

Valley Shopping Centre has a strong positive cash flow and provides an ex-
cellent return on investment, most of which is sheltered from taxation.

The Investors’ Preferred Return Formula assures that investors
receive priority un profit distributions.

The General Partner's fees are performance-related. Simply stated, the
General Partner cannot enjoy a profit unless the investors enjoy a much
larger one. Limited Partnership units are offered for sale by Prospectus only

Great Pacific Management Co. Ltd.

300 - 1190 Hornby St., Vancouver, B.C.
V6Z 2K5 669-1143

AFTER THE
R.R.S.P.

DO YOU KNOW HOW TO
GET OUT OF YOUR RRSP?

FREE SEMINAR
LYNN VALLEY LIBRARY, TUES. OCT. 28 7 P.M.

FOR FURTHER INFORMATION
& CONFIRMATION OF ATTENDANCE

669-6262

ROD CLARK OR JOHN DINGMAN

FINANCIAL PLANNING SEMINAR
“How to Enjo Retirement Income of
$50,000-$100,000 per year”

This seminar is for you if:
e You are paying too much income tax,
e Are making more but having less to show for it,
e Want to retire comfortably but don’t know where
to begin.
You will earn how to:
e Take control of your finances,
«Identify blue-chip investment opportunities,
e Achieve financial independence and peace of
mind.

Thursday, October 30, 196

Time: 7:00-19:00 o.m.

Place. International Plaza Hotel, Seymour Room
Fee: $15.00 single/S25.00 couple (tax deductible)

Seminar Leader: Jack Muskat, Ph.D.
Robinson Gable McCaulley & Company Inc.

Date:

Space Limited — To ensure your place, or for more information, call
| Terri at 682-5232 - or you may register at the door. 5

31 - Sunday, October 26, 1986 - North Shore News

SENIOR ANNUITY
& R.R.LF. BROKER

Available for Seniors
wishing to convert their
R.R.S.P. Funds

‘At Home Appointments Arranged’

926-5051 985-0054

Leonard H. Barr
(Chartered Life Underwriter)

Perfect for Christmas Gifts |
To Send by Mail
at

STEVENSON’S
LITTLE SHOP

9 Lonsdale .
(Around the corner from the Quay)

987-4251

BRITISH COLUMBIA
INSTITUTE OF
TECHNOLOGY

OPEN EDUCATION
ACCESS CENTER

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BOS is a course designed for the person with little or no microcomputer
experience. A fou, -hour orientation lecture is followed by twelve hours of
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The tacilities are also available at $9.00 per hour per person.
Center Hours Monday to Thursday 1200 to 2000, Friday and Saturday
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Call 984-4671 during the Center hours or Burnaby al 434-1610 on weekday morn-
ings. The Center is located at 145 Chadwick Court, 2nd floor, North Vancouver, next
to the Sea Bus terminal and the Lonsdale Quay. See you soon’

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