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Students attending Joseph Gibbons Public Schoo! | in Geant donated 17,700 pennies ($177) to the Halton Hills United Way fund last Friday. Accepting a large jar of pennies from pupils at the school’s Discovery Centre is Ted Gorth (centre), commercial and financial chairman for the United Way. The students are: Tyler Longland, far left; Shawn Emmerton, Cory Latimer and Mark Carlson. Lookii on from the backgrot imson, chair- man of the 1992 United Way campaign. The pennies were donated after two specially-organized collection days at the schoo! Photo by Dianne Cornish OMB reserves decision on subdivision proposal The fate of a 21-lot residential subdivision proposed for lands just north of the Glen Williams’ bound- ary won’t be known for at least nae MS four necks a two-day hearing on the mee paxiniticn submitted by Halton Hills Sand and Gravel, the Ontario Municipal Board (OMB) decided last Thursday to reserve a decision on the proposal. The application, which dates back to 1983 and was recommend- ed for approval by Halton Hills planning staff, was deferred by town council a number of times. On its most recent presentation to council, the plan was deferred because council recommended that 130 Guelph St., Georgetown (416) 873-7855 & a comprehensive study of develop- ment in and around Glen Williams be done to determine where future development would best be suited. During an interview Friday, town planner Glenn Wellings estimated that the OMB decision will be at the Halton Regional headquarters in Oakville, but the location was switched to the Halton Hills Civic Centre for the final day of evi- dence. The move of the hearing site was recommended by lawyers for both the subdivision applicant and the town, Bert Amold and Jeff Wilker, respectively. 56 Mill St. East, Acton 619)853-5612 H & R BLOCK Halton Hills This Week, Wednesday, Sener) 27, 1993 — pases 1 Due to overwhelming response, Rick and I have decided to reprint last week's article. In our peeves: article "Not all RRSP's ual” look at “ities basic types of the Registered Retirement Savings Plan (managed, mutual fund and self- directed). Rick and I concluded that we feel the self-directed RRSP with- out question is the superior type of . The self-directed plan offers investors total flexibility. With the help of a qualified financial advisor the investor chooses the type of it suites his or her investment goals or objective Most people don't realize the options that are available to them and the degree of control they can exer- cise over the direction of their wealth- creation within their RRSP. Some eli- gible investments for a self-directed a include: cash, Government of reasury Bills, Canada anes Bonds and other federal, provincial and municipal bonds. Corporate bonds and debentures, stripped bonds, bearer coupons, resid- uals and NHA Mortgage-Backed securities are also considered to be eligible. The investor may also choose units or shares of qualified mutual funds, common or preferred shares of Canadian public companies as well as certain rights and w: Guaranteed Investment Certificates (G.L.C.’s) issued by Canadian trust companies may be included. For the more sophisticated investor covered call options against eligible shares of Canadian public companies and shares of Canadian controlled private corporations (subject to some restric- tions) are allowed. Shares listed on prescribed foreign exchanges not exceeding 18% of the total portfolio value at the time of purchase as of RRSP investment eligibility Jan. 1, 1993. Foreign content in the RRSP is expected to increase to 20% on January 1, 1994. Now that you have an understand- ing of what types of investments are eligible for the self-directed RRSP, Rick and I would like to share with you a unique investment opportunity offered to Ontario residents which is totally eligible inside an RRSP. The investment is called the Working Ventures Canadian Fund. The Ft managed by Ron Begg, President and Jim Hall, Vice-President investments of Working Ventures Canadian Fund Inc. This is how it works. According to the brochure published by Working Ventures Canadian Fund Inc., "new income tax legislation provides two 20% tax credits for investment in labour-sponsored investment funds. Working Ventures Canadian Fund is Canada's first national labour-spon- sored investment fund, sponsored by the Canadian Federation of Labour.” "Investors in Working Ventures receive RRSP deductibility plus a 20% federal tax credit and )% provincial tax credit on the first $5,000 of shares purchased a year. In all, you can claim 40% in is Hee your regular RRSP tax Pane SE Ventures was created as a dynamic way to let your investment work in Canada toward m: bet- ter future for us all. By investing in Working Ventures, you're playing an tant role in stimulating econom- ic growth and job creation in your _ "Your investment in Workin, Ventures will primarily be reinvested in promising, growth-oriented busi- nesses in your province. It is the small and medium-size business sector of the economy that has historically cre- RICK FISHER & MICHAEL PHILLIPS of ated the majority of Canada's new neato opportunities.” “While saving taxes, and contribut- ing to economic growth are impor- tant, it's essential that your investment performs. Working Ventures’ objec- tive is to produce the superior returns traditionally associated with invest- ment in dynamic and growing busi- nesses, while ‘ing risk throug! prudent alpen and manage- ment of the "Working Vader is managed by an ie investment team whose mandate is to achieve signifi- cant long term canal appreciation by judiciously investing in a diversified Portfolio of high performance, emerg- ing Canadian businesses. The portfo- lio will be diversified by region, by industry and by stage of investments." the current economic envi- ronment, Working Ventures is in an ideal situation, prepared to take advantage of investments in under- valued businesses and positioned to profit as the economy tums around in the future. "And, while a majority of the funds’ assets will be invested in enter- prising businesses to maximize retum potential, risk is tempered by invest- ing a minimum of 20% of assets in debt obligations of Canadian federal, ros and municipal govern- nts as well as in Crown corpora- tions and corporations listed on major Canadian stock exchanges.” If you have questions on Working Ventures or any other investments, please contact us. Mr. Phillips and Mr. Fisher are full service independent financial advi- ry can be reached toll free at c fe 263-1668. Call today and inquire about the NO-FEE self- directed RRSP. FIRST MARATHON SECURITIES LIMITED say "Consider all your options at RRSP time" For further information call today at 1-800-263-1668 FIRST MARATHON SECURITIES LIMITED We offer * The No-fee self directed RRSP * Available only through Mr. Fisher & Mr. Phillips