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A basic principal of investing is to diversify widely to lower the volatility or Wider Diversification Lower Risk TSE. MSCIL TSE MSCI 10 Years 20 Years hile mutual funds are generally designed to reward investors in the long run, there‘s an investment fund that gives you an immediate tax advantage. Working Ventures Canadian Fund gives you a 40% headstart over just about every other fund in Canada. Here‘s a Now, you can take advantage of a unique investment fund â€" Working Ventures Canadian Fund â€" that could permit you to reduce this year‘s taxes by $4,500! That‘s 40%* more than the tax benefit of just about every other RRSP in Canada. You receive $2,000 in tax credits* by investing Your Net Cost $5,000 in Working Ventures Canadian Fund. Your Total Tax Sa The fact that Working Ventures shares are also eligible for an RRSP means further tax breaks. For instance, if you are in a 50% marginal tax bracket, a $5,000 contribution to an RRSP would reduce your taxes by a further $2,500, for a total of $4,500 ($2,000 + $2,500) in tax savings*. Your investment will primarily be reinvested in promising, growthâ€" oriented small and medium size businesses in your province. Experience That Counts Key to the performance of the fund is the expertise and experience of its management team headed by Ron Begg, President. »His track record of success combines senior corporate management disciplines with the handsâ€"on companyâ€"building skills of a successful entrepreneur. This complements well the investment and finance background of Jim Hall, Viceâ€"President Investments. Jim has solid professional credentials from public accounting and merchant banking, and a record of originating and managing successful investments. Jim offers a prudent, tlisciplined and seasoned approach to the development of a strong, diversified investment portfolio. The Power Of Working Ventures Canadian Fund Save an Extr‘a 40% in taxes on your RRSP contribution this year WORKING VENTURES CANADIAN FUND INC. Discover How Working Ventures Can Work For You Some of the RRSP eligible international investment alternatives are denomi in foreign currencies. This will provide you with currency diversification that can enhance your returns when the Canadian dollar declines in value. Currency Diversification Advertisement Here‘s an example: Investment in Working Ventures _ $5,000 Tax Savings â€" $2,500 â€" RRSP tax deduction (at 50% assumed tax rate) Federal Tax Credit (20%) â€" $1,000 Provincial Tax Credit* (20% where applicable) â€" $1,000 Your Net Cost $500 Your Total Tax Savings $4,500 For more information, please call: ANDY BLANCHARD FINANCIAL CONCEPT SECURITIES 22 Lakeshore Rd. West Oakville, Ontario Tel: (905) 338â€"8600 1 â€" SOURCE: Morgan Stanley Capita international 2 â€" SOURCE: Toronto Stock Exchange Working Ventures‘ objective is to produce the superior returns traditionally associated with investment in dynamic and growing businesses, while minimizing risk through prudent _â€"â€"â€"â€"â€"â€"â€"â€"â€" â€"â€"â€" development and management of the fund. Participation in Working Ventures should be considered as a long term investment. However, you may redeem (cash in) your Working Ventures shares subject to certain conditions. If you redeem your shares within 5 years of purchase, you will be required to return your tax credits to the federal and provincial governments (some exceptions apply). Working Ventures may restrict total redemptions to 20% of total assets of the fund in any one year. A fee of 3/4 of 1% of redemption value will be charged for each year shares are held short of 8 years. Due to the current economic environment, Working Ventures is in an ideal situation, prepared to take advantage of investments in under valued businesses and positioned to profit as the economy turns around. And, while a majority of the fund‘s assets will be invested in enterprising businesses to maximize return potential, risk is tempered by investing a portion of assets in shortâ€"term, high quality government securities Important information about this investment fund is contained in its prospectus. Obtain a copy from a securities dealer duly qualified and licensed to distribute these securities and read it carefully before investing. Share value and investment return will Auctuate. "The extra provincial tax credits are available to investors resident in Ontari Prince Edward Island and New Brunswick. First published October 1993. United States 36.7% Investment Objective Private equity investing involves certain risks that are not encountered with many other investments. Although Working Ventures provides you with a tax credit to help offset those risks, it cannot guarantee that its investments will earn a specified rate of return, or any returmn, in the short or long term. In addition, a private equity investment involves a longer term commitment. Poised For Growth Overeaters Anonymous meets, 8 p.m., Knox Presbyterian Church, Dunn Street. Information: Sharon, 844â€"9518. Oakville Handweavers and Spinners Guild meets, 7:30 p.m., Oakville Arts council meeting room, 297 Lakeshore Rd. E. New members invited. New member Audrey Carson will speak about beadâ€" weaving and demonstrate this craft. Information: Christel Wille, 845â€"1291. Air Cadets meet 7 p.m., T.A. Blakelock High School. For youth 12 to 18 years. Canadian Federation of University Women, Oakville, meets, 7:30 p.m., White Oaks Secondary School. Education Night: panel discussion on Educating and Encouraging Women in a Changing World. Information: §25â€"2412. Free RRSP seminar, Maximizing RRSP Rates of Return with Don Glennie of Fortune Financial Corporation, 7:30 Bereavement Support Group meets Halton Family Services. Info: 845â€"3811. Open weekdays until 8 p.m. Sat. 9â€"5, Sun. 1â€"4 (Continued from page 7) p.m., Oakville Central Library. Information: 825â€"8338. Second Annual Halton Business to Business Show (also Feb. 16th) St. Volodymyr Cultural Centre, Hwy. 5. Guest speakers: Brian Costello, well known financial commentator and Jim Harris, president of Strategic Advantage. $10. Information: $27â€"4632. St. Simon‘s Anglican Church, 1450 Litchfield Rd. hosts a Pancake Supper, 5 to 7:30 p.m. Family: $10, regular, $4, chilâ€" dren and seniors, $3. The Association Des Femmes D‘Affaires Francophones, Halton/Peel hold monthly Dinner meeting, Holiday Inn, 2125 North Sheridan Way, Mississauga. Guest speaker: Gisele Comtoisâ€"Osgood on Art Appreciation. Information/reservations: Colette Gagnonâ€" Mockford, 827â€"6189. Mothers Morning Out, 9:15 to 11:15 a.m., Chartwell Baptist church, 228 Chartwell Rd. Are you a mom with one or more children under the age of six? Do you need a break? Enjoy a guest speaker and stimulating conversation while your children are cared for in a room down the hall. Info: Aid for New Mothers, 844â€" Overeaters Anonymous meets, 8 p.m., Knox Presbyterian Church, Dunn Street. Information: Sharon, 844â€"9518. Oakville Handweavers and Spinners Guild meets, 7:30 p.m., Oakville Arts council meeting room, 297 Lakeshore Rd. E. New members invited. New member Audrey Carson will speak about beadâ€" weaving and demonstrate this craft. Information: Christel Wille, 845â€"1291. Air Cadets meet 7 p.m., T.A. Blakelock High School. For youth 12 to 18 years. Canadian Federation of University Women, Oakville, meets, 7:30 p.m., White Oaks Secondary School. Education Night: panel discussion on Educating and (See ‘Update‘ page 17)