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(Continued from page 22) Security is clawed back if your income is above a certain level. As well, there are serious doubts about the financial integrity of the Canada Pension Plan. Ottawa should learn to control spending Most people feel that the OAS benefits are vulnerable because it was a gift. However, CPP payments should be guaranteed because it is a fund that you pay into during your working years. Unfortunately, CPP operates a little differently from what you might imagine. Current CPP funding is used to pay the pensions of retired individuals, not to be set aside to finance your retirement in the years to come. For example, when a 30â€"yearâ€" old finally retires, the workers that follow will have to contribute over 13% of their earnings to fund the undercapitalized CPP. This figure is unrealistically high. follow will have to contribute over Peter Watson, MBA, CFP, RFP 13% of their earnings to fund the is the president of Peter Watson undercapitalized CPP. This figure _ Investments Limited â€"an Oakville is unrealistically high. firm specializing in retirement Either the current CPP has to be _ planning, RRSPs, and investment changed or it, too, will be reduced _ planning. He can be reached at or eliminated. Your problem now _ 842â€"7602. Nesbitt Burns offers investment seminars Nesbitt Burns investment advisor Mark Slipp is presenting a series of special in v e s t m e n t seminars. Topics to be covered include: diversifying your portfolio to minimize volatility, maximizing RRSP foreign content to enhance your returns, international opportunities, ADRs and mutual funds. The â€"seminars will _ be held Tuesday evenings at the Oakville Holiday Inn Nov. 1, ‘ ATTENTION am 4 PrR 1 wee 2 635 Fourth Line, Oakville - # k. (905)338â€"2077 Ente“r.for your chance to +J _ 4 9i oo {f n oC . KBE O 224 “ Enjoy the very best of land and sea on this fabulous 1995 Y s March Break Cruise/Oriando vacation, including air fare, a cabin for 2 aboard the Carnival luxury cruise ship "Fantasy", hotel in Orlando, car rental and much more! And it‘s easy! = New and current customers, simply preâ€"pay your $60 per year subscription and send it in with the *â€"[|â€"*<~: ballot below for your chance to win! I(< Draw takes place Dec. 23/94, so actnow! _ . Seating is limited so call Mark Slipp 15 Dec. 6 Jan. 10, 1995, Jan. 17th. Nearly new townhome, perfect for empty nester or first time buyer! Mint condition. Mortgage available at 7 1/4% until 1999. Call GUN MCLEAN 128 GLENASHTON IN RIVER OAKS AREA SUNDAY OCT.23RD 1â€"4 PM. REAMEK BE§P1'8Y- gggc“musm INC. OPEN HOUSE â€" BEAUTIFUL FREEKOLD is that you must allow for this possibility in your retirement planning. One half of the problem is that your retirement income will be less, while the other half of the problem is your retirement costs will be higher. Retirement life styles are becoming more active and more expensive. As well, you will likely have to start paying for some medical services in the future, and you will likely live longer than past generations. So, the timing of the possible taxing of RRSPs couldn‘t come at a worse time. Canadians don‘t want another tax. Ottawa should learn to control its spending and not to continue asking for more. or Leslie Sharp (416) 359â€"4633 to confirm your attendance. A Cabin for 2 aboard the March Break Pud Family Cruise! e Not in the price range! Immaculate @ e tastefully decorated 3â€"bdrm. freehold e e townhome in Wedgewood Crecek. e e Many upgrades t/o, white European e Style eatâ€"in kitchen, walkâ€"out to fenced g yard finisned basement, spoaous living and dining rooms, 3 lar bedrooms. Nothing like it at $169, ® Don‘t wait! COLLE N PICKETT 338â€"9000. ' Be sure to visit 2082 Marine Dr. Sunday 2â€"4 p.m. and discover this beautifully upgraded home. New kitchen, new furnace more! JOHN FUMIO/TINA BURR 336â€"2020. CLOSE TO BRONTE HARBOUR +«REALTORSâ€" 2082 MARINE DR. OPEN HOUSE $205,900 e e ste se e e se se se se e se se se e se nte se se se se se se ste se e e e e 196 ROMAIN CRESCENT â€" Open House Sun. 24 p.m. $267,900. Contemporary Decor throughout! 3,000 sq. ft., premium pieâ€"shaped lot w/pool! 1715 PILGRIM‘S WAY â€" Open House Sun. 24 p.m. $359,900. Reduced! Original Model Home w/140k in upgrades. 160‘ ravine lot, 5 bedrooms. 1140 GABLE DRIVE â€" Open House Sat. 2â€"4 p.m. $197,500. Executive T.H. 1,900 sq. ft., 3 bedrooms, 5 appliances, 7â€"year assumable mortgage w/qualification at 8.25%. 1129 LINDSAY DRIVE â€" Open House Sat. 24 p.m. â€" $214,900. Glen Abbey T.H. Finished and decorated on all 3 levels. Walkâ€"out from lower level. 2110 CLEAVER #122, BURL. â€" Open House Sun. 24 p.m. $124,900. Stunning 2â€"bedroom T.H. on ravine lot! Designer decor, fireplace, 5 appliances. P Countrywide Town Centre Realty Inc. 280 North Service Road West