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THE OAKVILLE BEAVER Friday, June 24, 1994 â€" 26 Oakville QPEN H 0 U S E S $344,900 1532 STATIONMASTER LANE [fged Ravine lot CAROLYN LOFQUIST, Assoc. Broker, 842â€"7000 Kdm@ REALTY CORP 418â€"2 North Service Rd. E. _ 842â€"7000 2188 LUMBERMAN LANE MAGDA LADANYI, Assoc. Broker, 338â€"9000 WMKGA@W reALTY corp 18â€"2 North Service Rd. E. _ 842â€"7000 _ 6009 GUELPH LINE, BURLINGTON BILL MARSHALL, Sales Rep., 338â€"6550 Countrywide Town Centre Realty Inc. 280 North Service Road West < 1715 PILGRIM‘S WAY DAN COOPER, Assoc. Broker, 338â€"6550 Countrywide Town Centre Realty Inc. 280 North Service Road West l is lzgh(fid Showing of Some of e [ / Fine Properties now $895,000. Located in Carlisle, Ontario. Three superbly landscaped acres, tennis court, pool, gazebo, spa, fabulous entertainment areas inside and out, easy access to major centres, 35 mins. to airport. Workmanship, design and decor beyond compare. Simply Spectacular Jacqui Templeton Lynn Walker Sales Representative Associate Broker Barry Kelly Real Estate Inc. (905) 527â€"4663 in ROYAL LePAGE GREG KEWLEY Sales Representative David Higgins, Sales Manager, is pleased to announce that Greg Kewley has joined the sales team at Royal LePage‘s 326 Lakeshore Road East office in Oakville. Please join us in welcoming Greg to our office and feel free to call him anytime at (905) 845â€"4267. Selfâ€"directed plan can prove costly (Continued from page 25) mutual fund that invests in a variety of stocks. You can also acquire numerous other types of specific investments, including bonds and mortgages. With a selfâ€"directed plan, you are allowed to invest up to 18% of the cost of your investments (20% in 1994 and following years) in foreign securities. This is not possible without a selfâ€"directed plan, although mutual funds may invest up to the same limits in foreign investments. As well, you can put your own mortgage on your home in a selfâ€" administered RRSP and effectively pay yourself interest. Finally, with a selfâ€"directed RRSP, you are allowed to transfer investments you own personally into the plan as part of all of your annual contribution. For example, if you own Bell Canada shares worth $2,000, these can be transferred to your RRSP, and you are credited with a $2,000 contribution. Such transfers must be made within your annual contribution limits. As well, you are considered to have sold your stock at the time of transfer, so you may have a capital gain. Any capital gain can be protected under your lifetime $100,000 capital gains exemption. On the negative side, there may be costs associated with setting up a selfâ€"directed RRSP, and there are onâ€"going annual administration fees charged by the administrator. If these are paid personally, rather than out of the RRSP, the amount is deductible for tax purposes. Of course, you also must pay regular brokerage charges for all transactions in the plan. Your level of risk tends to increase with a selfâ€"directed plan because you are now making the investment decisions. You should find an administrator with whom you are comfortable and who understands the level of risk you want to assume with your plan. You should also plan on devoting time to improve your own investment knowledge, since you‘ll need to pay much closer attention to your investments. In summary, a selfâ€"directed RRSP is really only for those people who can accept a certain degree of risk in their investing. If you are not prepared to take your lumps with your gains, chances are a selfâ€"directed plan is not for you. Moneycare is general financial advice by Canada‘s chartered accountants. Multiple sclerosis can cause loss of balance, impaired speech, extreme fatigue and double vision. Vlulhple Sclerosis SOCIETY OF CANADA 1â€"800â€"268â€"7582