Financing homes

Last chance for

home owners to beat taxes

PLANNING TO buy a new “hiome in, 1984?

This 1s the last year you can take advantage of the special registered home ownership savings plan ‘‘top-up deducnion for the acquisition of a new home.

If you already have a registered home ownership savings plan (RHOSP) the deduction is $10,000 minus total contributions made to your plan in previous years. For example, if you con- tributed $3,000 before 1984 and you acquire a new home,

ms

struction of a new home and qualifying new furnishings for the hume.

A new home means one located in Canada that has never previously been used for any purpose other than display — for example, a newly constructed home. No grant may be received for the home under the Canadian home ownership stimulation plan.

To quahty for the top-up deduction, you must meet all of the following criteria

-You must be 18 vears of age or older

tion on your 1984 tax return, you can obtain more infor- mation on these and other provisions by asking for the pamphlet, ‘‘Registered Home Ownership Savings Plans,’ available free from your district taxation office.

FIRST AID TIP

from

LOW VOLTAGE ELECTRICAL

INJURIES ‘Our Maximum top-up -You must never previous- @ sot y curred around the home deduction Is $7,000. ly have had a plan that was ee: RUS a OMS TOE rf ere trig ; the pout ot Or tact os wet If you don’t have an _— closed or deregistered before 7) voltages May © duse Dat aly RHOSP but are eligible to 1983. Sef the heart as ddeeo stopuage of establish one and acquire a -You must not have claim- 0 breatming oF both @ Coca: ettect sa new home, you can claim a ed the top-up deduction (P70 wher 1s Jeeper 2. oe : . treme than ot, x With vity maximum deduction ot _ before. wetehee Wate en contin inst $10,000 without opening a -Neither you nor your catty The uerent even when tired plan. spouse with whom vou lived otf @ Avent. Gotact with tne Casualty To take advantage of the during the year may have Break Contact try swete hung | the top-up deduction, you must owned any other home atany (77 PO" (Pow ng Me vigor arene . . ing the .able tree @ lt unposs:hie tc, acquire and occupy your new time after 1981. Jo stand some ey ey eateng home in 1984 or by March 1, -In the case of marred — matenar avg by means oh ry wind 1985 at the latest. If vou have couples, or other joint pur- POE Hewspaper oF etter gt ter pa an RHOSP, you must close chasers, only one person can TO Dreak ee toy a nad ™ . Casualty § ets AWay reas Whe your plan no later than claim the top-up deduchon gecriciry @ Meat by geen att tuo: December 31, 1984 and use for the new home. respurabor ) necessaty aod over all the withdrawn tunds If you are thinking Of (burns wor a sree te caressing © See

towards the purchase or con- claiming the top-up deduc- medgn at va ERNIE J KOSTNER ta . fa ' as nA ' , t ery 1 toca

an "oy

FOREST HILLS REALI. #15 636 CLYDE AVE

WEST VANCOUVER. BC (604) 926 8581

ee on ee oe ee \ 4 6 &

BS - Friday, October 19, 1984 - North Shore News

TRADE UP

| ADMIRAL

REALLY -1 1b

706 EAST 7th STREET

984-0421

DEEP COVE VIEW 4145 BEST (OFF BROCKTON)

Sale collapsed - now the builder of this big 4 BR

split level home is ima bind you can heip him

out, and steal a new house at the same time HELP!!!

SOREN FREDERIKSEN 984-0421 (24 hrs.)

SOMETHING SPECIAL!!!

Deluxe living with total privacy Your own resart on the North Shore Each bedroom with ensuite Relax by the pool and outdoor trreplace For more details call RAE PHILLIPS 522-0387 ADMIRAL REALTY 984-0421

YOU’RE INVITED ...

5612 GROUSEWOODS PL.

SUN 2-4

... TO OPEN HOUSE ON

To wew elegant 4 BDR nome on quet cul de

sac Difterent design with lots of extras

RAE PHILLIPS 522-0387 ADMIRAL REALTY 984-0421

TRY YOUR TRADE!

No kidding we do almost anything to get you

INtO

tins 5 yr old Kirkstone Park

tamily Nome

Seeing 1s beheving

Value! Good price! SOREN FREDERIKSEN 984-0421 (24 hrs.)

close to

(a00d

"NEW 4 BR SPLIT LEVEL 3434 DUVAL

Le! s be serious Deluxe new bsmt homes on tull size lots don't sell in the 150's ar do they” SOREN FREDERIKSEN 984-0421 (24 hrs.)

IE, at

GROUSE WOOD — SERIOUS SELLER >

of: Wy Jeoer Pett apagrers my ee hay Woy Tt '

Poe aw t Cr ra

mye terrae 8

SOREN FREDERIKSEN 984 0421 (24 hes )

RENT GOING UP?

1660 RALPH Then buy this brand new three bedroom home with over 1200 sq feet developed

BOB FLETCHER 986-0660 JOAN ALEXANDER 986-4453

NO PRICE — OFFERS ONLY

MUST SELL! 2258 MAGNUSSON PL sont Ler HE = eosin JOAN ALEXANDER 986 4453

TRADE IN YOUR CLUNKER

SOKMEN PRE OERIR SEN G64 O4s | sarin.

MAKE THE FIRST STEP

BOB FLETCHER 966 Ooo0O ADMIRAL REALTY 964 0421

we de Maat “BANK SAYS LIQUIDATE

SOREN FRE DE RIP EN sa4 Oa, .at