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Pb oo 0o 0o 0 0 0o o 0o o 06 14 BANKRUPTCY Oakville Minitâ€"Lube Manager James Villeneuve presents a cheque for $2,820 to Hugh Pauwels, OTMH Viceâ€"President. The money was raised during the Quaker State Minitâ€"Lube Hospital Drive that was. held on Saturday, September 12, 1992. These funds have been used to purchase a muchâ€"needed autoclave for the Hospital‘s Chiropody Clinic. ORDER OF THE EASTERN STAR â€" GOLDEN RULE CHAPTER NO. 120 DONATES TO OTMH PAEDIATRICS Order of the Easterm Star Secretary, Alice J. Carey, presents a cheque for $2,000 to Beth Koski, RN, Paediatrics. The donation will be used to cover urgent equipment needs in Paediatrics LoOCAL HMHMEROFS From left to right Dee Pessot (Nurse Manager Pediatrics), Chuck Loewen (Sears Store Manager), Carole Thompson (Hospital Development Committee) and John Martin (Assistant Store Manager) Between October 25 and November 14, Sears Canada Inc. promoted their annual Christmas Wish Book Catalogue in a funds from the proceeds to be donated to children‘s wards in hospitals across Canada. The response in the Oakville « overwhelming with sales coming from the Oakville catalogue and retail operations at Trafalgar Village Mall and Oakville During that same period, the Employees of the Oakville Place Retail Store, wanted to raise additional funds for the ch: Oakvilleâ€"Trafalgar Memorial Hospital and on October 31 held a charity barbeque at that location. "I would like to take this opportunity to thank all our em; during this campaign and the citizens of Oakville for the manager Chuck Loewen. "On behalf of the Sears Oakville Place Employees‘ Charitable Fund and the Sears Canada Ch present the Children‘s Ward of the Oakvilleâ€"Trafalgar Memorial Hospital cheques for $254 and $2, e Jn QUAKER STATE PROMOTION BENEFITS HOSPITAL U wamth ez : P ) Jaf m a M# PX *n P P P KVILLE TRAFALGAR MEMORIAL HOSPITAI SEARS OAKVILLE PLACE EMPLOYEES®* CHARITABLE FUND The easy way to find your deduction limit, formerly called ‘contribution‘ limit, is to look it up on the Notice of Assessment that Revenue Canada sent you after you filed your 1991 taxes. Unfortunately, you can‘t rely on that figure 100% of the time, so here‘s how to calculate it for yourself. For 1992, your RRSP deduction is calculated by adding any RRSP deduction room you carried forward from 1991 to the lesser of $12,500 or 18% of your 1991 earned income. If you are a member of a Deferred Profit Sharing Plan (DPSP) or Registered Pension Plan (RPP), you have one and possibly two more steps. You must deduct your 1991 pension adjustment (PA) and if you have a 1992 net past service pension adjustment (PSPA), you must also deduct that amount. With the maximum RRSP deduction limit currently at $12,500 and rising to $15,500 in 1996, it is becoming increasingly difficult for many of us to come up with our total contribution in one lump sum. Setting up a regular contribution schedule is often the solution. § M. 1992 DEDUCTION LIMITsS x ie PP // i y WA ( £2°> e C \ m A i = in a o 4 f | 28 2 a C & ) R # W 1\; _. / J ,J#, ! 1 Sorting Through the RRSP Contribution Confusion day Tues toys. Every This event is part of a movement that‘s helping change A retired tree surgeon spends time crafting hospital and hands them the world. One simple Place Retail Store, wanted to raise additional funds for the children‘s ward at held a charity barbeque at that location. ployees in the catalogue and retail operations in Oakville for their enthusiasm ‘ir generosity that make these wishes and cheques possible," said Sears store and Wednesday he visits a local children‘s OAKVILLE FIREFIGHTERS ASSOCIATION HELP OUT AGAIN! Once again the Oakville Firefighters Association brought smiles to the faces of paediatric patients in the hospital during the holiday season. Firefighters Jake Lowe (left) and Tim Draper (right) are seen here with Kristen Start, holding her special Christmas present. All of the paediatric patients received gifts, from baseball cards to toy trains, purchased by the Oakville Firefighters Association. out to sick kids act at a tuime venue taxes. 100% it for IODE ANGELA BRUCE SUPPORTS OTMH (HE OAKVILLE £ Se wooden MH T If contributing to your RRSP on a regular basis would be easier for you, just ask your financial advisor if they offer electronic funds transfer, This system automatically debits your bank account and deposits the funds directly into your Selfâ€"Directed RRSP. Many investment dealers currently offer this RRSP feature. In addition to making sure that you will contribute the full amount each year, there is another benefit to contributing monthly as opposed to waiting until the end of each year to invest â€"â€" you will have more retirement income. For more information on RRSP‘s contact Doug Newlands, Resident Director, Burns Fry Limited at 359â€"6209. Noté RRSP DEDUCTION LIMITS 1992 1993 1994 1995 1996 Ye Plus any unused RRSP deduction room carried forward from the previous year(s). Plus any unused RRSP deduction roonm carried forward from the previous year(s) less your previous year‘s PA less your PSPA for the current year. te: The 1993, 1994, 1995 and 1996 contribution limits are those proposed in the February 1992 Federal Budget. ‘ar THE OAKVILI l No RPP or DPSI $12,500* $12,500* $13,500* $14,500* $15,500* ible Foundati ok Catalogue in an effort to raise : in the Oakville community was Mall and Oakville Place. The Lesser Of B 11 EAVER Member of RPP or DPSP n, I am pleased to 000 " 12,500** 12,500** 13,500** 14,500** 15,500** tIODF D % of Earned or DPSP Income 18% 18% 18% 18% 18 % Or Beware of those who promise quick profits ‘ ” ’llh the changing economy, promoters are coming up with new ways to separate you from your hardâ€"earned savings. Look out! A lot of people â€" some already hurting from the recession â€" have lost their money in investments that were promoted as a "sure thing." Many of these deals involved questionable business practices. "Consumers must understand that they‘re increasing their chances of losing everything when they seek returns higher than those offered by investments guaranteed by deposit insurance," says Brian Cass, assistant deputy minister of the Ontario Minister of Financial Institutions. "Over the past few years, we‘ve investigated a number of failures of mortâ€" gage brokers, real estate tax shelters, and syndications where investors lost their retirement savings," Cass adds. Those offering higher risk investments appeal to a desire for quick profits, as well as other weaknesses. One technique is to make you feel you‘re being admitted to a group of insiders with confidential information. To keep you from consulting with others, it may even be suggested the investment is slightâ€" ly illegal. . (Fos) f “E;/ery investment carries a risk. You have to decide what levels of risk is acceptable to you," notes Brian Cass who gives potential investors the followâ€" ing tips: a cay, * Be wary of schemes which guarantee a quick profit. Generz_llly, the higher the potential rate of return, the higher the risk you‘ll lose everything. 2 * Don‘t be talked into 'makiné a hasty decision. Reject high_-prcssgre sales pitches. Consider your investment choice carefully. Get impartial advice from your accountant or lawyer. § * Before signing anything, show all the documents to your own lawyer, not the lawyer of the outfit offering the investment. If the promoter won‘t let you take the contract to your lawyer, don‘t sign. If your own lawyer suggested the investment to you, get the opinion of another lawyer who is not involved in any way with the investment. * Be sure you understand the nature and extent of the risks associated with a particular investment. Don‘t invest more money than you can afford to lose. Diversify: don‘t put more than 10 per cent of your savings into one investment. * Carefully assess the honesty of the people involved in the investment for references and check them. » * Make sure the investment complies with the applicable laws of the Ministry of Financial Institutions and the Ontario Securities Commission. The ministry‘s mandate is to protect investors. If a promoter suggests a deal has been structured to avoid the scrutiny of regulators, ask why. * Check the quality of the information you‘re given about an investment. Demand that the promoter provide all the material you need to make an informed decision. * Don‘t fall prey to aggressive telephone sales pitches. Frequently investâ€" ments offered in this way are made to sound like onceâ€"inâ€"aâ€"lifetime opportuniâ€" ties but are actually of little value. Apall 3 The Investor‘s Checklist, a brochure of questions to help you assess the risks of an investment, is available free from: Communications Branch, Ministry of Financial Institutions, 10 Wellesley St. East, 3rd Floor, Toronito, Ontario. M7A 2H8; telephone the Ministry‘s Consumer Information Centre 326â€"8555. m Este curso E Gritis & cumunidade Portuguesa Do Oakville Os lagares sao limitados â€" para mais. ) Informacoes ou reservas, por favor, contacte Lucia Banco Rol_hal § Kert Street, Oakville, Ontario Telefone: §45â€"3731 Mais Canadianos Preferem O Banco Royal Para O Seu RRSP Data: sabado, 13 de fevereiro, 1993 Hora: 1 is 3datarde _ w Local: Centro De Terceira Idade Do Oakville gOakvfllcSema'sCmue) 63 Ker St. Oakville, Ontario Don‘t Just Read About Him Tory M illi mivartenenanest William H. Shutt after he has made them or you can Vice President Fiscal Agents, Investment Fund Services let him make the choices for you. omm o ommemmaemandiea ie i ie Rothschild GLOBAL STRATEGY FISCAL AGENTS aÂ¥# # 4 8 Tax Savings & Investment Seminar ROYAL BANK TIME PLACE ordlally Invite You To Hear The Case For wflppenalâ€"'tsmugumwm'maflmsmnm The seminar is free, but space is limited. Global Bond Investing Low Risk Investment Strategies Doubling your afterâ€"tax monthly income ARSP and RRIF â€" The latest rules and options Tax Savings Tips Asset Allocation â€" What it means to you Townsend Haines FISCAL AGENTS Savings & Investment Centre GLoBaL StRatEay Exectutive Director Global Strategy Wednesday, February 17th. 7.30 pm Holiday Inn â€" Oakville 360 Iroquois Shore Rd North East corner QEW and Trafaigar Rd) Meet and hear Investment Funds FU () )9