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Page 14 - Halton Hills This Week, Wednesday, February 3, 1993 In our previous article "Not all RRSP’s ate created equal” we took a look at three 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 RRSP. The self-directed plan offers investors total flexibility. With the help of a qualified financial advisor the investor chooses the type of investment that suites his or her investment goals or objectives. 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 RRSP include: cash, Government of \Canada Treasury Bills, Canada Savings 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 well as certain rights and warrants. 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 ee a 1993. Foreign eed in the P is expected to increase on pee 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 fou 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 Fund is 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 a 20% provincial tax credit on the first $5,000 of shares gape: each year. In all, you can 40% in tax cred- its ah your See RRSP tax deduc- tion. "Working Ventures was created as a dynamic way to let your investment work in Canada toward making a bet- ter future for us all. By investing in Working Ventures, you're playing an important role in stimulating econom- ic growth and job creation in your vince. "Your investment in Working 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 ated the majority of Canada's new ‘employment 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- mizing risk through prudent development and manage- ment of the fund. "Working Ventures is managed by an experienced investment team whose mandate is to achieve signifi- cant long term capital appreciation by judiciously investing in a diversified portfolio of high performance, emerg- ing Canadian businesses. The lio will be diversified by region, by industry and by stage of investments.” "Due to 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 return potential, risk is tempered by invest- ing a minimum of 20% of assets in debt obligations of Canadian federal, provincial and municipal govern- ieee as well as in Crown corpora- ns and corporations listed on major Res 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- sors. They can be reached toll free at 1-800-263-1668. Call today and inquire about the NO-FEE self- directed RRSP. "Consider all your options at RRSP time" For further information call today Soccer age groups are going to change The Peel-Halton Soccer Association has confirmed that the age groupings for youth soccer will be changed for the 1993 Outdoor Season. This is a requirement of the Canadian Soccer Association and the Ontario Soccer Association. Previously, youth ages were based on a calendar year. For exam- ple, for the 1993 season an “Under 10” player would be a child born in 1983, i.e., the child would turn 10 between January 1 and December 31, 1993. The “cut-off” is now July 31 - that is to say, for 1993, an “U10” player is a child who has not reached the age of 10 by August 1, 1993. While technically “house leagues” don’t have to comply, Georgetown Soccer Club has decid- ed to use the new age divisions, (with a slight modification at the youngest age) to avoid the compli- cations of being “out of step” with other clubs at tournaments, festivals and other competitions. One of the “quirks” of the change for this com- ing season is that children born prior to August 1 will “jump” an age grouping - for example, an “U8” in 1992 may be an “U10” in 1993, Parents should keep in mind, however, that the whole age group will be moving up, not just their child. The oldest youth age group will now be 5 While decisions regarding the make up of leagues are always dependent on Tegistration, tentative plans are to have “odd number” leagues, i.e. U7 (U6 & U7), ee U11, etc. Where numbers permi league may only consist of a aie age group. U6 to U9 play 7-a-side (mini) soccer, while older players play 11-a-side. Registration is Feb. 27, 1-4 p.m. and March 10, 6-9 p.m., at ‘Alcote Separate boys’ and girls’ leagues will be offered at all age grou! Outdoor Season 1993 Age Groupings Born From To Group Aug 1, 1987 Dec 31, 1988 Under 6 Aug 1, 1986 Jul 31, 1987 UT Aug 1, 1985 Jul 31, 1986 U8 Aug 1, 1984 Jul 31, 1985 U9 Aug 1, 1983 Jul 31,1984 =U 10 Aug 1, 1982 Jul 31,1983 Ull Aug 1, 1981 Jul 31,1982 U12 Aug 1, 1980 Jul31,1981 U13 Aug 1, 1979 Jul31, 1980 U14 Aug 1, 1978 Jul31,1979 U1S Aug 1, 1977 Jul 31,1978 U16 Aug 1, 1976 Jul 31, 1977 Ul7T Aug 1, 1975 Jul 31, 1976 ULB Jul 31, 1975 U19 Blues team downs Red in soccer It was worth the drive to Acton on January 30 - a blustery winter day - to see the Under 13 Girls play evenly matched indoor soccer. The Canadian Soccer Association Indoor Soccer Rules apply. One change from outdoor soccer occurs when the ball is kicked to the ceil- ing of the gym. The opposing side gets an indirect free kick. This hap- pened when the Red team played the Blue Team. The final score of that game was 2-0 for the Blues. The Red team with forwards Kim Moore and Lisa Campbell passed across and off the Blue goal posts many times but blue goalie Kristina Zelek kept catching the balls. In the second half, Blue player, Courtney Evers-Jordan kicked one into the red goal. Playing defensively, Red player Tina Petersen stopped a hard ball with her nose. On a screen pass during the last minute of play, a second blue ball whizzed past the red goalie. Blue player Sinead Irvine had passed to Lindsay Sproule, who shot it in. In the second game, the Purple team and the Gold team both had scoring opportunities. The players are learning to use the walls effec- tively to bounce the ball in order to set up a pass play. Jennie Royce scored once for the Purples, on a rebound off the wall. Jen Westman, on right defense, kicked well for the Purples. Gold player Stephanie Lefebvre was the goal scorer for her team with’ a pair, including one scored from the middle of the gym. The final score was 2-1 for the Gold team. Thanks to Kim Timmings who refereed this week and Lee Sperduti who blew the whistle last week. 1-800-263-1668 First MARATHON SECURITIES LIMITED We offer * The No-fee self directed RRSP * Available only through Mr. Fisher & Mr. Phillips Game Dime SCHOOL NIGHTS Park Public School Georgetown Chrysler Raiders os. Royal York Saturday, Feb. 6th 7:30 p.m. Alcott Arena Guelph St., Georgetown Children/Students Seniors 2" _/ > $500