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PAGE ý10, WHITBY FREE PRESSI. WEDJtIESDAY, FEBRUARY 3, 1988 ------ $$$$-- F I----- - N--A NC------------AL--- SEN~E_$$$$ ----- -- --- -- ..-. ----f--- ---.. - Personai - SmaiI Business - Rentai*- Farming Commissioned Sales Pro fessional Tax Preparation from $ 1500O Free Estimate / Vear Round Service 153 Brock St. N. Unit 5, Whltby, Lanos 430-1986 ------ ------ ----- FREE SEMINARS RRUF'S/ANNUITIES INVESTMENT FUNDS DIETER W.' KIRNER w PERSON TOPICS TO BE DISCUSSEDf AT THIS FREE LECTURE! *RRSP'S - what to buy, when, where & how *Where to get the very best interest on GIC'S and RRSP'S ail the time with one phone cal' Retirernent planning &the reent federal budgets *o txRRSP/RI anutyoton RRPRI nut pln Mutuai funids simplif led and expiained Generai insurance Two semînar tîmes for your convenience Afternoon,,Seminar: 1:30 p.rn. Evening Seminar: 7: 00 p.m. > THURSDAY, FEBRUARY 18, 1988 OSHAWA PUBLIC'LIBRARY .AUDITORIUM ADMISSION FREE BUT LIMITED - PLEASE CALL MICHELLE OR KM Dow D.WHRER &-ASSOCIATES -Financlal Advlsors ln Retrement Planning 74 STMCOE ST. S., SUITE 303, P.O. BOX 133 0SAA OT 1H 7L1- DAVIDSGNlr PARI'NERSÈ I i 'i a 17.1% eaeana OnioV eRn20?ANI hR Over the past 2 monthaveloe-after oine fte INDYR. 1. met ods oIndustrial Growth Fund wa ua fil11.%.Andtu 1. ver ptimisti coab outhfuu re nT1E YR. 169 So wy etifor yinestantndi 20 YR. 1OF.1% GudRRStbFuhave'._____ Over Toerecive montsae-atr oenforthe1on. 117 -wortýdcli e au itoyfor mesoc aileoupon to15.4% I rwhFn?2 Y . 1. I *ae ....r............................ I.................................................... 474-4372 - collect 430-1945 - Whitby (evenings) David T. Stormes Account Executive 7030 Woodbine Ave. Suite 100 Markham, Ontario, L3R 1A2 A itgres Io Decentber 31,.11987 are average animalro»îpnd Pn/unis basecdulxm the net ainni inve.tç/ed <id iirlidr l i;wrstninf1ofdiî'idnds. Rates oritini ar calcudaled befoirededurlion of RRSI> adninislr-alion focs (nixinnun $75 pervear.). I'a.t ,fonnianireis nef ercssarily izdicaie offutture resu/fls. A uyofer mode ony yv ppcdus whçijliic otains coplefe dcl ails of ail charges. 1lease rad il befoir nakingynur pitrhase and Pelaiii iloflure rrfeprpice. per cent.. This means that if your current annual income is $50,000 and inflation remains at 5 per cent, you will need to earn $132,664.89 in the year 2007 just to maintain the standard of living you. enjoy. ow This is nearly triple your current income,. When determining the amount of capital you will need to provide retirement income, you cannot-afford to think in terms of today's dollars. Your RSP is the- solution to keeping inflation from -getting the best of your retirement nest-egg. By allowing contributions to grow in a tax-deferred environment over, the years, a sizable amount of capital can be accumnulated. By TODD MONAGHAN McLeod Young Wefr The most important tax-saving device avrailable to.Canadians is also our.most important invest- ment oppotunity, yet few of us capitalizeon the great potential of the RSP. Established in 1957, the RSP has stood the test of time. And now with tax reform, it is even more important. Most Canadians are now familiar with .the basic concept of the RSP, but few realize that performance is essential when it* comes to outpacing inflation and ensuring a' comnfortable income in retirement. Over the past 30 years, the annual rate.of inflation has averaged 5 By DAVID STORMES Davidson Partners Ltd. Do you find yourself short of cash to make your maximum RRSP con- tribution this year? After the stock market decline and a record year of Canada Savings Bond (CSB> pur- chases, many people do not have sufficient funds available for 1987 contributions. A self-directed RR- SP can provide these people with a way to reduce taxes and start retirement savings now., Self -directed plan holders may use a variety of assets as con- tributions, including stocks, CSB's, mutual funds, T-bills and GIC's. Contributions, muet be made at fair market value, that is, the current stock price or the value of bonds and interest. By contributing shares and/or mutual funds, an'in- vestor may be able to achieve tax advantage (through capital gains and losses) as well as the RRSP deduction. Investors should contact their account executive to discuss the alternatives available., Canada Savings Bond holders may transfer bonds into a self- directed plan. This will allow them to make a contribution and possibly generate cash through a tax refund. CSB's continue to be the safest, most liquid investment available. Another fre 'quently overlooked source of .funds'is life insurance dividends. Many policies pay. dividends into an account at the in- surer. These accounts often pay lower interest rates than are available elsewhere. It would'be to most people's benefil to contribute these funds to an RRSP to reduce taxes-and shelter the future income generated at higher rates. Se!f-directed plans are availabje from brokerage firms and other financial institutions. They are gairing in popularity because of their flexibility. It provides an op- portunity for people to diverslfy their holdings and achievereturns which are superior to GIC's ýand most Interest bearlng lnvestments. RSP Most imnportant t-ax-saving device. WARD MALLETTE CHARTERED ACCOUNTANTs Offering a full range of services in the areas of: *Accounting & auditing e Taxation Computer & management consultingi 110 Ash Street, Whitby, Ontario 668-5447 O)ffices throughout CanadlInternationally 111). Iindier 1ijkt.r E tt 'k Richard S. Price I1111111iill11 Tilican Financial Corporation, Can Help You Balance Growth and Sec -luitgj Wthin A Singe Investment Blton Tremblay Canadian Balanced Fond. Now you ca n cnjoy «pe.a(:e ofm ind' and nl higlier relurn than Saivîngs Accounts, C;.l.C.s and oî'dinan RSI's, offercd hy banks andt ruist (onhl)nies. The Bolton Tremblay Canadian Balanced Fund, unhike inost mîttual (unds which (:oncentrale on il slnglu invesiment aiea, invests your money in a wide spe<trum of sound invostment opport unit iàs - ifoflOy market instruments, ho 'nds, preferred stocks nnd Canadian commnon stocks. This allows Vou Io benefit (rom high-performancc areas of!Itle aconomy, while minimizing the affects of>1 Idown mnarket" in any single area. You'Il. enjoy solid, consistent, long-lernigrowllî-and hIle peace of mind that comas wilth conservative investrnnt stiactagy. The canadian taancecl Fund is ailso an idei vehicle for a suparior Retirement Savlngs Plan IRSI>I. Start withi as ititd as $1,000. li's easy Io invcst ... and you'll enoy access Io 'jour nioney whenevarw Von need il. Take a moment now 10 [mnd outnmore ahout the Blton Tremblay Canadian Balanced Fund. Simply complete, clip and mail the coupon below today]. Discover "pece o! mlnd" and long-term growth. BOLTON TREMBLAY CANADIAN BALANCEO FUNO FREE BROCHURE [ lY .ES, Viur I rencdeciri liiive irochuiire on i1 Iii Rollon Tremblav Canadian Ilalanced rund. Name Address Apt. City -fr -P____1.C._____ Phone tHomel 1:(Business) Fil) in, cul oui and mailla or cati: 683-7755 or 433-1508. f TiIIcan Financli Corporation 1615 Dundas St. E., Lang Tower, 2nd fi. Whitby, Ontario LIN ZLI Purchase your RRSP through Richard S. Price j at Tilican and have your 1987 personal tax L return completed free of charge. Un:ttls fiW- icAiê,rni, erfi aedI v hvp n is.ît~ mv . . Choosing the best investments for your RSP 15 vital. Every additional percentage point in return that you can earn in your RSP really makes a difference. 'For example, an in-. vestor who makes annual,$7,500 contribution invested at 10 per cent would have $1,357,075 at the end of 30 years. That same irivestor would have' $2,027,194 if. con- tributions were invested at 12 per cent. In this example a two percen- tage point increase in return tran- slates into a gain of $670,000 in your RSP. One-of the major advantages of self-directd RSP's is that yoU. have control of your RSP inves-t- ments, and with advice from~ your. Investment Executive, can alter the investments in your RSP to take advantage of changing investment opportunities. In . this manner, in- vestors can usually generate higher returns than is possible with pooled *plans. It's the difference'between retiring and retiring comfortably! Another easy way to accumulate more capital in your RSP is to make your contributions early. In- stead of waiting until the enid of February to make contributions for the previous tax year make your contributions at the beginning of each y'ear. For example, if you made a $7,500 annual contribution at the beginning of ea.ch year for 25 years, invested at .10 per cent, you would have over $66,000 more in retirement funds than if you had waited until the deadline! Your' financial future is too important to waste away on a haphazard ap- proach to RSP. investing. It is ime portant to plan not only your con- tributions,ý but also what 'you do with them. Contributions -to RRSP i*without cash I Dg F