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hl The o geld BE Sg oo Ba Lo LS Jacl Gana samid A ET EE TATE TN a 14 - PORT PERRY "WEEKEND STAR" FRIDAY, JANUARY 14, 2000 Get-well wishes to all those suffering with the flu bug 1 vs 4-11 on the Baptism of Jesus. Rev. Carson's sermon was enti- Fishing Derby WINNERS This week's winner - who, along with their teammates Wednesday, Jan. 26 at 8 p.m. at on the Mariposa Atom A team, the Seagrave Church. Church News By Diane Cooke Seagrave News . won first place trophies at the tled "Baptism: the necessity of MIKE HARRIS - pret well wishes to all who are Beaverton Hockey Tournament , At the church service on the going public." The will of God is 25'/2" Pickerel bein "a around this past weekend. Way to go first service after Epiphany the to share with all humanity and ! ng N w hd " h boys. This team is coached by choir sang "Walk in the Light." to make the world a better place. D NSOrs. appy birthday wishes go out, welker. During the children's time Rev. A social time followed the ser- this week to Bruce Carr, Len Somerville and Peter King. Congratulations to three Seagrave boys: Nick Leveille, Kyle Blair and Michael Cooke | PORT PERRY STAR CAUSEWAY LIVE Bair Details for the contest - see Tuesday's Star Anyone wishing to subscribe Carson talked to them about the vice. to the United Church Observer many uses of water including Next Sunday, Jan. 16 is please contact Mildred Puckrin Baptism and how water is used Communion Sunday. at 985-2627 by Jan. 30. in their Baptism. That's all for this week. Please The annual church meeting is L_ SCUGOG FIN. FIN ANCIAL RRSPs: A great hideout for Sens ---- SN 0 AY (GI AD AY OF IT'S WORTH THE DRIVE TO PORT PERRY! (€UYANRVANN BES SIN INAVASSSA RAI SN HES) e Annual Rates © GIC RBSP_ 5.55% 6.15% 6.40% 6.45% 6.60% 2 YEAR CASHABLE AFTER 120 DAYS MINIMUM $1,000. Rates Elective 1/12/00 - Subject Ib change without notice. 250 Queen Street, Port Perry 985-3832 1-888-595-4413 (next to Shoppers Drug Mart) ASSOCIATED WITH ~ SHEPHERD & POW El L TRE SRV E HINA VRE EOI TAY Ra Make the call. financial security goals. M Individual life insurance BM Individual disability insurance BM Segregated funds B RRSPs BM Annuities, RIFs, LIFs or : : Freedom$55 BM Business insurance BM Group insurance BM Group retirement plans NGMiITED B Mortgages As a subsidiary of London Life, London Financial Centre Limited offers: BM Mutual Funds - RESPs, RRSPs, RIFs Insurance and Investment Whether you're just starting out or you want to switch to friendly, professional service, let me customize a plan to meet your personal Karen Huestis read from Mark call Ann Sandiford at 985-9440. = REECE Een TEER es cash tomorrow and retirement This will be a short note on the importance of having and contributing to an RRSP. I will begin by noting that last November the Globe and Mail reported that according to Statscan, RRSP contributions were down for the first time since 1991. Statscan reported a decline of 3.8 per cent, from $27.7 billion in 1997, to $26.6 billion in 1998. In fact Canadians con- tributed only 11 per cent of their total allowable limit, which stood at $242.1 billion. Personal income has alot to do with it. In 1998 Canadians with incomes of $80,000 or more, invested an average of $13,298. Those with an income of $60,000 to $79,998 con- tributed on average $6,356. The effect of payroll taxes has a lot to do with this failed opportunity. There is only so much money left to go around after taxes are paid from a paycheque. Lives have to be lived, and futures set aside for another year. We Canadians may be told that we live in an enviable place, but we sure do pay a massive fee for that opportunity. Now we all know that it is up to us to prepare for our own retirement. Owning a home is one way to proceed. Our tax laws allow us to sell that home and keep the proceeds, free from taxation. Owning a house is then a very important tax benefit over the long run. The RRSP is a little beauty. Every dollar contributed is deductible from income for tax purposes. Finding the dollars to contribute can be difficult. You may have a bond. a good quality stock or a GIC that you can deposit in 'place of cash into your RRSP. Search about. Find such an asset and get 'that asset journalled into your RRSP as your contribution. You have now_ created for yourself a tax deduction and kept the asset. As important, everything earned by assets in an RRSP are tax free earnings. If you don't have any investment assets, then consider borrowing the money, all of your allowable contri- bution, and get that cash into your RRSP. Earn that deduction, and then invest the cash to grow! | say invest to grow because the RRSP is a hideout for cash for tomor- row and retirement. | believe that one should really bear down and try to make the RRSP grow, again, simply because every dollar earned in the RRSP is free from the shearing crush of taxation. How you handle your money outside the RRSP is your busi- ness, and the business of the taxman. How you handle, invest, the money in your RRSP is your business. The RRSP is important now and for the future. It is up to you and a good advisor to see you through to that future. Good luck. Courtesy of, Peter A. Cadeau, Senior Investment Advisor, TD Evergreen HAarPPY NEW YEAR! Peter A. Cadeau SENIOR INVESTMENT ADVISOR with TD EVERGREEN#* DB. KASSOCIATES GALLERY INSURANCE & FINANCIAL PLANNERS 204 Casimir Street, Port Perry, Ontario L9L 1B7 Tel: (905) 985-4028 Representative Members -- --- RRSP Tune-up Service of the Canadian [ ! i» V » [RC 1 IN - - IN Is your RRSP doing for you what you want? Association EL. A SV, WY \ VERRY. SY @ FR EV, I v Chris Hudson of Insurance and Mark Hlozan Call Res.: (905) 986-5616 Financial Advisors Res.: (705) 432-2414 98 5 630 4 : Barb Malone now to book Toll Free: 1-800-791-1324 ext. 261 Toll Free: 1-800-791-1324 ext. 270 = 1 your free consultation. | 9:00 am. - 5:00 pm. www.tdevergreen. ca | London Life and design. Freedom 55 and London Financial Centre Limited and design, are trademarks of London Lite insurance Company, used under licence by London Financial Centre Limited. . a Down-to-earth financial management. Your terms, your comfort RRSPs, RRIFs, Mutual Funds, GICs, Segregated (guaranteed) Funds, Life Insurance, Annuities... 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