ONE OF the great benefits of the RRSP is also one of its drawbacks: the large mumber of types of RRSPs vou can choose from.

“Looking at them together is enough to confuse even oa sophisticated investor,’ says Bob

cessing period is not uncommon), A term deposir RRSP requires you to commit your funds for a certain deneth of time, usually one to five vears. However, resardless of where interest sates go over the course of your term, the financial institution guarantees your rate of

return,

Phere is no guarantee that your RRSP will carn any rate of return or that your principal will remain intact when you purchase a non- guaranteed plan. Thete is, hower- er, the potential of carning cou. siderably more than sou sould

21 - Wednesday, February 4, 1987 - North Shore News

with a guaranteed plan.

There are two types of none guaranteed plans available.

Revistered life insurance plans RRSPs are similar to guaranteed plans. The differences are that they are not insured by the Canada De- posit Insurance Corporation, and

sometimes a Tee is involved in opening the RRSP or having it administered.

With pooled funds or mutual fund nlans you ate, in effect, buy- ing units isc fund formed by a group of investors and thereby becoming a part owner.

Roy, vice president of the First Ci- ty Trust Savings Division, Western Region in Vancouver. ‘*But if you break them down into categories, they're really quite simple to understand.”

There are basically two major types of RRSPs.

Guaranteed plans guarantee your principal will be returned in- tact and you will be paid a certain amount of interest within a certain time frame. These are extremely safe investments (when purchased from a financial institution that belongs to the Canada Deposit In- surance Corporation, they are in- sured for up to $60,000).

Guaranteed plans themselves fall into two categories.

Similar to bank or trust com- pany premium savings accounts, an RRSP savings account earns in- terest at a variable rate. Interest may be calculated daily or mon- thly, and will be credited to you quarterly, semi-annually or an- nually. One of the benefits of this type of RRSP is that your funds are available to you on demand (although a two or three week pro-

er eee

Bete EY WO Son Sh pes GD Per ST ea eS de 5 YEAR AVE RAGE 15.53% YIELD

RRSP INVESTMENT ° consistent high vield ® no commissions or transaction fees ® mortgage backed investment Check & Compare Mandate

13.75%

Trust Companies gu One

Days Year

TAT Sb o

Banks One

Year a0

au Dass G56 ‘Cofvert your mutual fund and stockmarket gains ‘Into asafe, consistently high yield mortgage fund. MANDATE MORTGAGE INVESTMENT CORP.

BSUU— ]285 W. BROADWAY, VANCOUVER. B.C. V6LESXS PHONE: ALAN ELR. LONG 731-2899

CONVENIENCE & DIVERSITY

By consolidating your RRSP COMPOUNDED ANNUALLY investments with First ust E VEAP peep | youand your money will benetit

9 YEAR RRSP in many ways-service, conven- ience, expertise and return.

While First City Trust offers competitive term deposit rates, your portfolio could bene- fit from diversification. In that case, First City Trust offers a full range cf RRSP plans. For example, investigate the possibilities offered by our Growth and Income Funds, two mutual fund RRSP options which allow you to pool your resources with other investors and profit from the expertise of some of the best money managers in the country.

It's your future. Don’t put it off. Make it your first priority with First City Trust. Dead- line for RRSP contributions is March 2, 1987.

TRANSFER BONUS

This year, more than any other, it pays you to consolidate your RRSP investments with First City Trust. For every RRSP worth $2,500 or more transferred to First City Trust before March 2, 1987 and invested in a 3,4 or 5 year term deposit, we'll pay a bonus of up to 1% of the transferred funds.

That’s $25 on a $2,500 transfer! And the bonus will be paid directly into your RRSP account to grow, tax free, until your RRSP is paid out!

GUARANTEED INTEREST RATE

As a special service to our clients, we provide full interest rate protection for 45 days from the date of your transfer request. And, if the posted rate is higher when your funds arrive, the new, higher rate will apply. Should you wish to increase your RRSP contribution for the 1986 tax year, we offer RRSP loans at the Prime Rate.

9 200%

ee

REAL VALUE $30 WOODWARD'S SALE PRICE

Soft and lovely georgette blouses in 3 styles. Sizes 8-13. Long sleeve stripe open neck blouse in white with pink, seafoam, oyster stripes or white with deep pink. deep seafoam, yellow stripes. (Not Shown) Pleat collar high neck blouse in white, pink, seafoam or oyster.

Crew neck short sleeve blouse in white, pink. seafoam or oyster. WOMEN'S SPORTSWEAR

Selling through February 15th, while quantities last.

EL EBRATING

THE FIRST QUARTER CENTURY

1962-1987

AmstCiy Trust

; SAVE AN 2 OFF THESE ,.. f ADDITIONAL GEORGETTE BLOUSES. §. .. 1 Coupon wand mn ume of {Thus coupon perce all oiner

coupon often 4 No cash sustendet raive @ Coupon cunnat te applied to change account balances 7 Coupon otter not avmuabie

purchase ory Feb 335 while quantines fast 2 One coupun perp. nase $3 Coupons waa only an specie vems indicaird No sutantunons

777 Hornby Street, Vancouver, Phone 688-9421

4-127 East Pender Street, Vancouver, Phone 662-8877 2246 West 4lst Avenue, Vancouver, Phone 261-3390 1575 Marine Drive, West Vancouver, Phone 926-8877