Halton Hills Newspapers

Georgetown Herald (Georgetown, ON), February 11, 1971, p. 7

The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

Officers Installed Credit Masonic Lodge From left Wise Depuly Grand Mailer Jock Spefd Lodqc Guelpl- Wor t I Crerfi past wit HA Georgetown to Honour Thursday Association Life Member iv will be mix of lliihc presiding Supreme Court of the Supreme Ass Milton mi Aim Sin mil of Hie tj Willi mi A CAN SERVE YOU One of our representatives will be at HOLIDAY INN OAKVILLE Tnl WEDNESDAY FEBRUARY 17lh If you require a term loan for a now or existing business you arc invited to dis cuss your needs with him An appoint ment can be arranged by telephoning BUM INDUSTRIAL DEVELOPMENT BANK TEAM FINANCING CANADIAN SI South Himlton Tel 528047 TUESDAY SPECIAL fried DINNER 3 Pieces Kentucky Fried Chicken French Fries Cole Slaw Fresh Grecian Bread Regk35only99C FROM AM TO 12 MIDNIGHT STREET Start using the Governments own rules to save a bundle on income tax LETS PLAY BRIDGE Father 0fflciates McLarenSelf Wedding by ten ib if is hid ml ill lh ru o liiddim smith dealt Q J 7 EAST J J O 10 10 H A 4 C A Fotwird Mill is llff second lit km no ml i Ill If I mi I nihil- ill on Hum id Fit tin Mr Mel I hi iillui hunts is I ihit llu iluhs hi I divided in I In fin In is but ltd hi en the luh mm Six villi mill tin ilm jiimiiu ind Bidding SOUTH WEST NORTH EAST 3S Pm pi NT Mr iiul Mis ll wort d ri M M 1h Op i C All Puis Lid four of iris Yon lies the ACTON BRIDGE CLUB I in Dike should hid Ins I Ik limit mil tunc it Iiuiiil jiuI Bill Ihnrnhill rink Mi Mrs Mil it nub Shed in Hull mil Heres a perfectly legal way to use the Governments own rules to save on income tax Government lias a law that siys in effect If you save now for your retirement well let you pay as much as into a regis tered retirement savings plan every year and well let you it oil jour income you merely lower taxable income by putting up to in our registered retirement savings plan and dont pay the tax on Say youre married have two children and earned fifteen thou sand in Depending on the province you live in your tax saving could amount to 906 which is bundle in any mans language To top it all off the money you save can make more money Essentially there arc four ways you can do this You can have us invest it m stocks You can have us invest it for a guaranteed rate of interest You can have us in vest it ill income producing bonds and mortgages Or you can divide your money up combin ation of these three alternatives The beauty of it is You can actually control the combination as your needs change over Ihc years For Instance you could invest in stocks for several years for long termgrowth And then as you get closer to retirement you might want to switch to a guaran teed interest rate You can change your combi nation again and again This means your plans arc flexible at all times Canada Trust Hatton Peel Trust Mom SI And you can get your money out when you want it When you eventually choose to withdraw it you have to pay taxes on it at that time of course But this is whats most important You pay tax on your money when you decide to pay it This means later when youre likely a lower tax bracket This has led some to call this plan a shelter One fellow know plans to pay into it for several years watch it grow then lake it out to replace normal income while he lazes in Majorca But lets face it the real benefit comes from leaving it in till you retire Its especially valuable wc dont have a lot of salesmen out making calls therefore you dont have to pay sales commis sions AH you have to do is call us But dont put it off cant deduct any deposits from your 1970 income tax after Monday March 1st So fight fire with fire Make the rules work for yon Phone us now

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