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16 The Clarington/Couriice Independent, Bowmanvillc, Saturday, January 27,1996 The 1 st five correctly answered ballots will win one of 5 Collect all letters from The Canadian Statesman or Clarington Independent and assemble on this ballot from either January 24th or January 31 st to guess the correct name. Drop off your completed coupon to The Canadian Statesman, 62 King St. W., Bowmanville, on or before Friday, February 9th, 4 p.m. Random Draw for the 1st 5 correctly.answered ballots to be held on February 12th and winners announced in The Canadian Statesman to be published on February 14th. Name: Address Phone THINKING OF INVESTING IN A VENTURE CAPITAL FUND? Here is an Example of How They Work For You! INVESTMENT IN LABOUR SPONSORED FUND* $5,000 TAX SAVINGS -$2,500 I - RRSP tax deduction (@ 50% assumed tax rate) FEDERAL TAX CREDIT (20%) - $1,0001 PROVINCIAL TAX CREDIT (20%) - $ 1,000 I Your Net Cost $ 500 YOUR TOTAL TAX SAVINGS $4,5001 • RRSP Loan Financing Arrangements Available with Ken Richards, Fortune Financial Group Inc. *** ACT NOW GOOD TAX PLANNING TAKES TIME *** CALL KEN RICHARDS TODAY! 728-3111 Questions About RRSP's? Mutual Funds? Financial Planning? I CAN HELP Get the answers in your kitchen Call Andrew Jansen at <u I MONEY M I CONCEPTS The Money Management People (905) 373-0300 1-800-532-9732 Serving Clarington !$' Conservative Investors ©j.p. IMPORTANT RRSP STRATEGIES AND TACTICS 1) CONTRIBUTE AS MUCH AND AS EARLY AS YOU CAN: Time, money and tax savings are a powerful combination. Here's proof: a 25-year old investor who contributes $1,000 per year to an RRSP earning 12% will have $859,142 at age 65 to show for a total investmbnt of only $40,000. Doubling the investment to $2,000 annually results in a nest egg of $1,718,285. , 2) DEVELOP A FULLY BALANCED PORTFOLIO: Consider the full range of investments available, along with the risk and return ratio of each. With the help of your Financial Advisor, develop a balanced, diversified portfolio of RRSP funds. 3) DON'T DO "WHAT EVERYBODY ELSE DOES": Remember: your needs are unique. Many Canadians make uninformed investment decisions that aren't worthy of emulation. Do what is right for you on the strength of professional advice. 4) CONSIDER A SPOUSAL RRSP: You get the tax savings but the money compounds tax-free in your husband's or wife's name for retirement. This could mean two lower tax brackets at retirement instead of one higher one. You can make spousal contributions even if you contribute to your own plan, but the total amount you are allowed to deduct from your income must not exceed your own maximum allowable contribution. Many wise couples choose to build two RRSPs of equal value for retirement to minimize their combined tax liability. 5) TAKE ADVANTAGE OF THE FOREIGN CONTENT ALLOWANCE: Many Canadians are not aware that recent changes to the Income Tax Act allow you to invest up to (00)% of your RRSP's book value in certain non-Canadian securities. International investing can build greater stability through diversification, and offers other growth opportunities. 6) CONSOLIDATE YOUR RRSP HOLDINGS FOR EASIER RECORD KEEPING - AND BETTER GROWTH: There's no limit to the number of RRSP's you can own. But, review your holdings periodically to make sure you're getting the most from each. And remember, when you terminate your RRSP at retirement, it's easier to move your savings into a Registered Retirement Income Fund from one or two sources rather than several. 7) AS A LAST RESORT, CONSIDER BORROWING TO CONTRIBUTE: With today's interest rates, it may make sense to borrow money to invest in an RRSP, as long as the RRSP is earning a good rate of return. Although borrowing costs are nondeductible, nondeductible, you can pay off part of your debt with your tax refund. Plus, you'll have a bigger nest egg for retirement. This article sponsored by: R. Ian Anderson F.C.S.I. Associate Financial Advisor Midland Walwyn Capital Inc. 1 Mary Street North, Oshawa 576-1726 CanadaTrust Thinking Like a Customer WAIT & SEE GIC Keep your RSP investment options open • If you're not sure where interest rales arc going, wait and see. No matter if rates go up or down, you'll come ahead with a Wait & Sec GIC*. If rates go up, you have the flexibility to reinvest at a higher rate. If rates go down, you'll continue to earn oür competitive one-year rate. • If rates go up, you can switch at any month-end, Mardi to December, 1996, to any regular CanadaTrust GIC with a term of one year or longer without penally. . -I • If rates go down, your one-year rale is guaranteed. J| • Start with a minimum investment of just S500 islboOU. / **: Get a competitive one-year rate and the flexibility ** : you want with the Wait & See GIC - Drop by and pick up "Your Guide to RSP's 188 King St. East Bowmanville L1C 1P1 697-1722 ©J.P. MIDLAND WALWYN Your Tax Credit Headquarters! No Admin, fees in our Saver RRSP account! • Receive an additional 40% in tax credits on your RRSP contribution. • All Labour-sponsored funds eligible for Saver RRSP & Loan program. i For more information contact Robert Stewart or Ian Anderson, Financial Advisors at Midland Walwyn, Oshawa Office (905) 576-1726 MIDLAND WALWYN H L U C CHIP THINKING ,u ™ BLUE CHIP THINKING is a trademark of Midland Walwyn Capital Inc, Member - Canadian Investor Protection Fund.