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- Scugoy Clilzen -- Tuesday, January 5, 1003 -- 11 da Call the SCUGOG CITIZEN 985-NEWS FOR REAL ESTATE & CLASSIFIED ADVERTISING RATES and INFORMATION CITIZEN A MEMBER OF THE SEARS FINANCIAL NETWORK DREAMS DO COME TRUE ... This large 4 bedroom Port Perry home enjoys formal living and dining areas, wood burning fire- place in main floor family room, a spacious foyer with oak railed staircase, and an award winning centre hall floor plan. Designed for today's family, and listed for sale at only $199,900., it could be just what you're looking for. Anita Whitworth 985-7351, 24 Hr. Paging. How to beat the tax man, legally by Bill Bradburn START THE NEW YEAR RIGHT! REDUCED to $279,900. Move on up to this 4 bedroom home on ravine lot in Prince Albert. Formal living and dining rooms. Kitchen overlooks family room. Fully finished walkout lower level. To inspect call Jannette Peters 985-7351, 24 Hr. Paging. coLDWeLL BANKCRO RESIDENTIAL REAL ESTATE F.S.P. COUNTRY LANE REALTY LTD. Hwy. 7A & High Street - Port Perry, Ont. 2985-7351 every weekly pay cheque. contribution each year, you're (Bill Bradburn is a resident basis and he welcomes Taxes are not going to go away, 80 act now to reduce them. You have the chance to beat the government out of money you owe them this year, and all The trick is to reclaim the money already taken from us. There are not too many sure things in life, but most people would take the opportunity to earn from $300 to $500 on an it takes is a little pl Oh, sure, it takes a little discipline too, but taking some sure-fire action is far batter than complaining. A husband and wife could spend as many years living off their retirement savings as it took to accumulate those savings. The maintenance of an RRSP may be our last chance to build any wealth at all. And it is nice to know that taxes you must pay can fund a huge part of it. Think of it as going into partnership with your income tax. You are permitted to contribute 18 per cent of your earnings to an RRSP. For this year, that could be the maximum of $12,600, which can result in a tax rebate up to $6,260. As much as 50 per cent of your savings can come from taxes you already have to pay to a wasteful government. Almost tax evasion, isn't it? Now you know why RRSP season comes right after Christmas when not too many of us have any money left. We pay our taxes in each and t of $1,000 by April 1. Absolutely guaranteed by Mr. Mulroney himself. Where does the line form? Suppose you have earned $40,000 this year. You are allowed to make an RRSP deposit of as much as $7,200, or 18 per cent. Being able to afford to contribute the maximum might be a bit tough, so let's start with a contribution of $38,600, or just under half the maximum allowed. If you start at age 35 and are able to invest this sum at 7.6 per cent each year, it will grow to over $389,000 by the time you reach 65. But wait. You have also saved $1400 in income tax each year for 30 years as well. If you were able to add this refund cheque to your RRSP contribution and earn the same 7.5 per cent, the total value of your RRSP at age 65 would be $560,000. This would provide you with a retirement income of $30,000 each year for more than 18 years. If you had maximized the a millionaire! Whether you are 36 or 55, it makes sense to start now with any amount that you can afford. of Scugog Township with a working background in money and investments. His columns appear in the Scugog Citizen on a regular comments or questions from readers. Please send to Bill Bradburn, c/o Scugog Citizen, 36 Water Street, Port Perry. LOL 1J2.) Whitby realtor elected new president of ODREB Whitby real estate agent Christine Kendall has been elected president of the Oshawa and District Real Estate Board. A sales rep with Royal Lepage, Ms. Kendall took over the president's post January 1 from Port Perry realtor Mark Smith who has completed his term in office. He remains on the board of directors as immediate past president. The first vice president of the organization is Anita Witty of Ajax, and second vice president is Patti Simpkiss of Whitby. The board of directors for 1993 will include Dale Anderson of Oshawa, John Hill of Oshawa, Marlene Kerr of Whitby, Lucien Lambier of Bowmanville, Janet McKnight of Oshawa, Pat Mapplebeck of Oshawa and Ian Smith of Oshawa. Ms. Kendall said the new Board of Directors "will have a full and exciting year of them in 1993. The Oshawa and District Board represents over 1,000 realtors in Newcastle, Port Perry, Oshawa, Whitby and Ajax-Pickering. Make bedtime story time. ABC CANADA THE FOUNDATION TO PROMOTE LITERACY IN CANADA Distnbution of this message was made possible by the Canadian Advertising Foundation