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Pageu THE HERALD OUTLOOK Saturday July How about taxfree income ITS YOUR MONEY Paul J Rockel It s almost too good to be true One of the most fabulous invest programs ever invented which in my opinion was already terrific has become with each suc cess Ive Federal and Provincial Budget the almost perfect monthly income program the world has known Would you like to receive a mon thly income which if you haven used up your capital gains lion of is almost tax free Really who After all if I have or a multiple of that saved and Invested in Canada Sav ings Bonds or in G I or term deposits at the bank or trust com or credit union or for that matter in a mortgage every that I earn is taxable This means that if my investment of that earns interest and pays per cent then I must pay tax on the whole of that interest earn If I have a taxable income of less than then I must pay tax at the rate of approximately per cent If my taxable income is over and under 55000 my tax rate rises to about percent on the amount over 27 500 Therefore at a taxable income of 20000 my tax on the income from that would be J1 100 x per cent 297 leaving me with a profit If inflation is 6 per cent which it is currently in the Toron to area that eliminates per cent another from my original leaving me with a purchasing power gain of Putting it in proper perspective it means that my real rate of return after taxes and inflation is not 11 per cent but 2 03 per cent in more spendable dollars than the year previous At a taxable income of Id have left after taxes and inflation for a return of per cent not even one per cent And mats a good invest menf But today thanks to current tan regulations you can have a thly income which is largely tax free Yes I repeat largely tax free And to my knowledge its only available through mutual funds It called a systematic withdrawal program and what it does automatically each month is to sell off a little of your holdings to realize a capital gain and then pay it to you In fact almost per cent of people on such income pro grams take a set percentage of their original investment each month The good mutual funds have a history of increasing in value at rates of from 13 per cent to 17 per cent or more on an annualiz ed basis As long as I take out less than they have been earning my capital will not be depleted So if I wanted to take per cent per year it would amount to just as before however because the income is in the form of capital gains and dividends my tax in a typical case would be about 25 Take off inflation of per cent and what we have left In spendable dollars is 475 Which would you rather have 475or203 For a FREE chart showing the past 15 yean of bow a withdrawal plan has worked at a 12 per cent ask for Withdrawal Chart and contact Peter C Masson 10 Drive Georgetown or phone Paul J is President of Regal Capital Planners Ltd and author of the best seller Why I In vest in Mutual Funds OUR LANGUAGE by Jeffrey McQnain Use pending to describe something or about to happen Its simple to spell there s no mistaking the ending of pending In film dub adds sound effects or new dialogue This verb is relatively new but I like the sound of dub Q Were planning a branch and it made me curloos What can yon tell me about the word brunch A Branch is a blend of breakfast and lunch It been around since be fore the turn of the century and is more popular than ever A blend by the way refers to any word formed by combining parts of other words You II remember blend the next time you have trouble spotting a motel motor hotel in the smog smokefog Before join a beallh can you tell me where they got the word spa A Spa comes from the name of a re sort town in eastern Belgium The town of Spa long famous for its eral springs found its name being ap plied to other health resorts by the The lowercased spa no longer requires mineral springs in fact you re lucky to find a hot tub ACROSS 1 Three banded armadillo 5 Footless Comedienne Greatly Thomas Edison Poetic contraction 15 Bushy hairdo Precipitation 17 Landing boat Calif airline destination Long time 20 Social rank Beethoven birthplace 3 Roman Warehouse 27 Venetian boat 31 Mongrel 32 Ditty 33 Author Fleming 34 Half of bi 35 auto race 36 Domini 37 Tackling quarterback 39 Devoured East of 111 41 Paradise dweller Goes out 45 Chemical suffix Zsa sister 49 Printers measures Small monkey Dill seed 53 Actress Charlotte Adams grandson 55 Printer direction 56 Gravel ridge Extraordinary DOWN Nursemaids 2 Smoke a cigarette 3 Of calisthenics Greek letter 5 Biblical priest Policy Egg comb 8 Ballerina s forte Skinny fish Suit part 11 illustrator 19 Compass point 21 First 23 Make a choice 24 Charged particles Australian birds 26 Sandwich filling 27 Disklike bell Balms 29 Narrow country road 30 In a short time 32 Gravel km 35 Large church 36 Motorists org 38 Set of tools 39 Dutch commune 41 Aromatic seed Architect Saarinen Dec Two words of understanding Believe not 47 Vice Two peas pod 52 Enzyme 2 21 IB 24 17 IS 2S I 2S 3S St SI M 41 40 SI so 1 47 IS S3 ST e1989 by krc Saturday July 15th Join us for Grand Opening Specials at our NEW LOCATION Unit 43 Deirex and Sts in the PLAZA off SUPPLEMENTS Flora Nil Life Swiss Quest Trophic Products and Herbal Combinations OFF 0 ALL WILLOW LANE FOOD FLAX MEAL BREAD Reg now 85 OFF ALL INSTOCK BIRKENSTOCK SHOES VITAMIN E 1U 200 1 U Ml Sow MO NOW NOW NATURAL FOODS TWO LOCATIONS 1 5 Willow St ACTON and Unit Deirex Guelph Sts GEORGETOWN 8733967 AND 8533051