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Page MONEY MANACLMFNT TAB Wedneiday February II Change in rules sure tha you Keep your Invest low the debate and keep abreast meat strategy as current as possible It regulation changes as they are Is strongly recomroeded that your men of finance Issued a press i regarding of reguUUoi changes which had been proposed Id ihe May lard federal budget The decision announced at that time Mas that villi one exception all proposals put forth in the budget would be deferred until 1367 only regula change be implemented for lax year was Ihe Increase from a yearly maximum of to of contribution limits for Individuals who do not belong to a pension plan or de ferred profit sharing plan I any type year lion limits remain unchanged That is the allowable contribution limits are naAA CHARTERED ACCOUNTANT Phone 416 5 Street Georgetown RECOGNITION OF ACHIEVEMENT Is honor Hi out stand no Porsoml F lor on 3d ants An money management j in and com pan on and roliiomoni and flat on and a vat cnlo tod Itio Powot or slots Ibn REPRESENTING GREAT WEST LIFE MONTREAL TRUST Investors Group 142REXWAYDR I fflpercenlofeamedlncome I if you are not a member of registered pension plan J S3 if you are a member of a rcg uttered pension plan However your contribution maximum must be re duced by the amount your ptrtonaJ contribution to that pension plan This abrupt change In the llrnelabk for regulation changes has caused a great deal of confusion among the Investing public To clarify Ibe situ ation In brief the present status of the most discussed proposals Is as follows the maximum allowable tion levels for Individuals who are mem pension plans or deferred profit sharing plans will remain unchanged the maximum allowable lion levels for individuals who are not members of pension plans or deferred profit sharing plans will Increase from lo for the 1986 tax year the provision to carry forward unused contributions will not commence in IBM there will be no change In the defl of earned Income for RRSP pur I the SAME DAY TAX RETURNS 8772217 the allowable contribution forthoscwhodoriotauallfyforthemax will continue to be calculated as per cent of earned Income for lie 1966 tax year rather than IS per cent as pro- the current age minimum for the maturation of will remain In during That Is 60 will remain minimum age at which you will be able to your RRSP funds to pur chase an annuity to provide retirement Income no mention was made of the status of the proposed change in would limit pension rollovers to normal allowable limits Because the proposals be he sub ject a great deal of further debate during the coming year It Is likely that some significant changes will be made before lliey are passed Into taw To en Calvin CHARTERED ACCOUNTANT Court 162 Check with state Farm Ask me about the tax advantages of an Funded by State Farms Flexible Retiromanl Annuity Associate Tax Consultants INCOME TAX RETURNS DONE i m Friday m Saturday OOa p m 101 GUELPH ST GEORGETOWN 8772217 SPECIAL OFFER WHEN WE DO YOUR INCOME TAX RETURN WE GUARANTEE DELIVERY TO TAXATION DATA CANADA THE NEXT DAY BY COURIER AT NO EXTRA CHARGE All are not the same For advice on choosing a plan that will maximize your savings foe retirement call Pool Ccntro Martin Lewis m SuiLife Confused about which RRSP is right for you Ask Standard Trust about a Tax benefits today while you take advantage of a better rate tomorrow mam financial institutions an ill much the rami inutisi But that stains rate What happens if Interest rales go up after March 1 and itmr Is tied up at on intent if open a Standard Trust Retirement ing ihe PLAN tour I locked in li earns current intt rest rails mil da the same as an account Then whin mitriM rates up can your Into a Standard 1 tot of intend make pur mike the most fur you at So don fust automatical buy an where war banking Shop around And make sure Standard Tru si And compare these other Standard Trust standard NO FEES Absolute no administration acquisition or redemption fees APPLY BY PHONE Avoid last minute lineups do all the paperwork and sign INSTANT TAX RECEIPT get our lax receipt same ian return the same da STANDARD TRUST InMirumt 18 Main St Brampton or call the RRSP Hotline 4574304 Manager Larry Aldebert AGENT ENQUIRIES WELCOME