CS-Wednesday, March 26, 1980 - North Shore News Did you miss out? By FRANK KAPLAN It’s never too soon to think about how to better manage savings. Yet at this time of the year several million Canadians close their minds to the very mention of Registered Retirement Savings Plans — RRSPs — although billions | of dollars of” savings are. involved. This human reaction is understandable. The RRSP season is over, ending in 1980 on February 29. That was the deadline for setting aside savings under the federal government's in- centive plan that protects the savings from immediate taxation. Anyone who didn’t take advantage of RSP provisions by the deadline is paying the full tax bite as they struggle through the 1979 Income tax form. , Those who did take the "Prices Effective Til . “Saturday, March.29th, . time and trouble to learn 4. white Quantities Last how to benefit from the RSP es provisions likely are. counting a substantial refund ’ in income taxes they already paid. For those few who are not already familiar with Retirement Savings Plans, some pertinent details should be set aside for early action. ; 20% of earned income, up toa maximum of $5,500 may be set aside, free of tax, until some future time when money is withdrawn. The objective is to save money, earn income on the savings, and use the protected pool of investments much later when personal income might - be very low for such a reason asretirement. . For those already in a pension plan, the maximum is $3,500 less the amount they contributed to the pension plan. It is possible to contribute to an RSP for a spouse in- stead thereby dividing future income and tax. Other sums of money can be added to an RSP without . | INO! Ol , Regular Woolco Price: 16.87 affecting contribution limits — for example pension ; : a Sale Woolco Price: $141 payments from a former : “ B. Make your move in an easy- employer if a second career : : a A going . aly anit with . * cowboy 8! selected is undertaken. u _ ~ checks: a big casual top: from Road The purpose in = sum- Runner. it has pointed colter 2 patch os ; . Pocke snaps on cuffs and full ... marizing some of these . placket. It is Canadian-made, in 47% provisions here so soon after : Potyester-44% Cotton-9% Acrylic. 10- the deadline for the 1979 tax , . ; * 7 12-14-16-18. year has passed is to em- ; “a fy Regular Woolco Price: 16.87 phasize the importance of Sale Woolco Price: $141 Managing Retirement . ee oe C. The leanest m tleans tn Savings Plans. For that er the west! ; matter, any saving or in- : og You oxpect a fantastic ft and you get it it! : se jeans ae trimmed w vestment program requires , tucsong on sides and have front nt poor continuing attention. : As for RSPs, this is a ime —_ Canadian in prewashed 100% made, . a. — Cotton denim. 6 to 15. to start saving for the next Corduroy blazer foractive ae withe . : : . your image ar Regular Woolco Price: 21.95 set-aside. Consider making women . @traight Jean ekirt | monthly contributions. Why Aen Ad 00% Cotton biarer to Sale Woolco Price: $15 leave matters to the last § Pesun look. Fully ined in 100% , __D. Long, elim and enjoyable. minute when you may find Nyton, it features a notch coffar, tical . That's the “cigarette” jeans! And yout that you have to borrow shoulder pads, 2-button closing, find the habit hard to kick. Prewashed : , : 2 patch pocketa and 2 buttonson Canad! OO% Cotton denim jeens featuring the moncy. While the interest is ves. Beige, Grey, Plum, 85% Cotton and 15% Polyester. 80 popular “cigarette” legs and 2 patch a deductible expense for tax .6to 13. 6 to 16. pockets. Available in sizes 26 to 34 purposes, do you rtally want Regular Woolco Price: 36.95 Regular Wooico Price: 16.05 Regular Woolco Price: 23.05 to pay interest at such high Sale Woolco Price: $25 ' Sate Wooico Price: $1 1 Sale Woolco Price: $1 5 rates? Far better to /reccive, Cn than give — at leaft in this instance. Time now is available to . explore the hundreds of NORTH VANCOUVER SURREY different ways of investing 00, (O Sad Mone Drive, North Vancouver 988-6311 very 030.0401 Guiidtord Town Centre through RSPs. Costs and HOURS: Mon., Tuea., Wed 9:30 a.m - 6 om recor Mon. Tues . Wed 9:90 a.m opm Buarey - 088-2242 . Thuraday and day am om Thureday and iday m Hou to resulis — the ruics of return NEPARTMENT STORES Saturday 9:00am 6pm Senwday Dam Opm a ony | “coe” ; A DIVISION OF F.W.WOOLWORTH CO. L1D, carned by your savings — can vary considerably.