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SPEARS ACD APE AM PION PENT EME HPSRIT ETEO] 7

“April: “have new meaning . for” 1.2.:: million €anadians -this yéar. They will. be joining in the annual tax filing rites of Canada’s 13

‘million individual taxpayers

in order to claim the new

child tax credit which came.

into effect on. January 1.

Under the: new. legislation,

mothers, -and- in’ ‘some. cases. fathérs; will be able to. apply for the’refundable tax credit to supplement family allow- ance payments for families whose income. is $18,000 or less.. Families .with income above $18,000 -may also — benefit, although the credit ~ will be reduced as family income rises.

—

—

‘To apply for the child tax: credit, individuals must com- plete an income tax return along with a copy of Schedule

10 which they received with -

their January family allow-

ance Payment.’

‘Revenue Canada: “Taxation |

eligible to apply for the ‘credit

- and that for 1.2 million of .

them it will mean filing a tax

Free tax help

forlow

It’s income tax time again and the volunteers of the North Shore information centres are ready with information about Sources of free income tax form prepar- ation for North Shore res- idents on low income.

According to a spokesman for the United Way’s Region- al Information & Referral Service whicHt coordintates the work of the volunteer staffed neighbourhood infor- mation centres, several clin- ics will be set up on the North Shore by the Institute of Chartered Accountants to help seniors with incomes of less than $9,000, file their tax claims.

In_addition, trained volun- teers at C.H.LC, and Lower Lonsdale Centre will be available to help other tow

- income residents.

For those who are plan- ning to do their own income tax forms, the neighbour- hood information centres

have a supply of useful .

booklets Canada, easier.

from Revenue to make the job

Their free ‘how to" publication with such titles as ‘“‘Income Tax and the

Sind

return for the first time. This :

will include many women with no taxable income who normally do not file returns.

To help. those first-time’ filers, the. tax -department

has. prepared a

e of information that’ . ™

will be mailed to them in. February.

’ The package 0 contains ¢ com-

plete instructions: on how to - complete the tax return if the individual -has no income,

how to complete the Sched-.

ule 10 application form, and how: to. calculate the amount of the child tax credit.

- The package also contains an income tax return and a

‘pre-addressed return envel- .

ope. Ail material is supplied in both English and French.

For details on how to determine whether your children are. ‘eligible for the : credit, how to calculate your family”. ‘income - or other

” details onthe child tax - ' credit, a leaflet, entitled You ~~

Were Asking About the Child Tax Credit is available at District Taxation Offices.

income earners

Senior Citizen’’, ‘‘Income Tax and the Child Care Costs’’, ‘“‘Income Tax and Moving Costs’’, | *‘Income

Tax and the Single Parent"’;

to name a few, can be picked up at any of the Centres.

The North Shore Neighbour- hood Information Centres are:

Burrard View Community Information Centre;

1475 Deep Cove Road, North Vancouver;

phone 929-6021.

Capilano Community Ser- vices Information Centre; 3030 Newmarket Drive, North Vancouver;

phone 988-1128.

Community Help & Inform- ation Centre (C.H.LC.); 1412 Marine Drive.

West Vancouver;

phone 922-1131.

Lower Lonsdale Information Centre;

230 West Keith Road, North Vancouver;

phone 980-3913.

United Way’s Regional! Infor- mation and Referral Service; 43 - 15S83.Pemberton Avenuc, North Vancouver;

phone 985-7138.

..beCcause every child has the nok ie) emule.

a M: le consider |

R a matter of convenience. But when you invest only once a year in _an RRSPand the outcome of that

decision will affect your entire retire- ment, you owe it to yourself to seek out all the options,

- Royal Trust offers six RRSP options. For example, your guaran- teed mterest retums can vary like a Savings account or be guaranteed for S-years. You can invest in a bond fund. or a mo e fund. You can

cipate in our Canadian aah a stock fund. Or. you can. have a self-directed plan. The choice is yours.

Did you pay a comimiston to buy your RRSP?

The amount of dollars available for your retirement is dependent on how much ts actually invested each year. If a commission, less

into your account. That docent have

to be, and it doesn't ha when you buy a Royal Trust Rese

Did you make ja mistake?

haven’t made this year’s con:

tion. you can still avoid these

potential spistakes Talk things over” with Royal Trust first. If you have already made this -

"s contribution, we can still help. Most RRSP’s can be easily trans- ferred without affecting your annual . allowable contribution or income tax : status. If you agree that a Royal Trust

| RRSP is tter for you than your t plan. we'll have it quickly = And don’ { miss depositing for

- the 1978 tax year because of a lack of funds. Talk to us about a Tax-Saver. . Loan. Your tax savings alone could

- more than offset your interest costs.

_ Under current regulations, you and "your s will each be allowed

- upto $1000 of retirement income

_ after age 65 without paying any tax.

| You can now make all or part of your ' allowable annual RRSP contribution

‘ iN your spouse's name and still claim it

' as a deduction from your taxable

‘ meoome. That way you get the tax de- duction now. and you both may claim a | 31000 deduction later. |

Spousal RRSP’s make a lot of

Did you invest

| your cash in : an RRSP and | borrow funds for a major Ee |

|

|

|

You'll makeno mistake by picking

Yer: should have borrowed the funds for your RRSP and saved your cash

for that major purchase. Interest

up your free ee a oe P booklet from

have been tax deductible The result} Truet res would have been a considerable | Royal Th t

SaVINgS over your non-deductible. ° higher rate consumer loan.

Sometimes it pays to borrow tosave. ¢

Royal Trust RRSP'’s ake no mistake about it.

Offices in Vancouver.

Bentall Centre, 555 Burrard Sa. 685-2471 = Alac. 1 wv. 41 et Ave., Kerrisdate 263-0951 rine Oriwa, West Vancouver Royal Trust Bldg. bs 922-3276 1205 Government St., Victoria 388-4311

248 Bernard Ave. > Ketowne