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14 -- PORT PERRY STAR REAL ESTATE -- Tuesday, October 24, 1989 Octoberfest a success Last week's news column was missing because I was attending an Ontario Association of Agricultural Societies meeting in Muskoka - not because I was on a holiday to England or that we had moved away as rumour has it. Neither of these events are ex- pected to happen. It was nice to be missed. Last Friday evening a very suc- cessful Octoberfest was held at the Recreation Complex with an excellent crowd, fine ethnic music by the D.S. Park Band and their German dancers. Delicious food and colourful hats added flavour to the evening's entertainment. We hope that the committee will decide to make this the first of many such parties. A speedy recovery is wished for Dalton Dorrell who underwent surgery at the Port Perry Hospital last week. Best wishes for improved health also goes to Edith Barrett who is recovering following surgery. A number of members of the Anglican Church from this com- munity enjoyed attending the Ral- ly at the Sky Dome last Sunday to celebrate the 150th Anniversary of the formation of the Church of England in Ontario. A very special event. Members of the Fair Board are reminded of District 4 meeting which will be held in Lindsay this Thursday, October 26. For car pooling call either David Petrie or Joyce Kelly. Dr. Nuri Cagil of Frankfurt, West Germany is visiting his mother-in-law Mrs. Margaret Baumchen and other family members. After his visit here he is off to Columbus, Ohio and New Jersey. The Adams Family - Jean and Carl, Dave and Michelle and Carla attended the 25th anniver- sary of Trent University, Peter- borough on Saturday, October 21 when daughter and sister Pat Blackstock and Area News by Joyce Kelly received her Bachelor of Arts Degree on the Dean's Honour List. Congratulations, Pat. Friday overnight guests of Mrs. Jean Mahaffy were David and Nancy Mahaffy of St. Catherines who were returning home from a holiday. The Senior Citizens' Anniver- sary euchre was held at the Town Hall on Oct. 10. In spite of incle- ment weather there were 16 tables. Winners were as follows - Ladies: 1. Eileen Warder (94); 2.Verna Robinson, 3. Fran Gib- son, Low - Vera Fawns, Men - 1. Ross McRoberts, 2. Ann Taylor, 3. Jim Gibson, Low - Gladys Potts. Special draws for the even- ing were - Belle Werry: oldest lady, Stan Wright: oldest man, Olive Ormiston: nearest birth- day, Mr. and Mrs. Jim Gibson: anniversary, Meta Swain: door prize. Draws were won by Stan Wright, Jean Mahaffy, Richard Manns, Ruby Smith, and Dorothy Venning. Neil and Kathy McLaughlin have returned home from a work- ing holiday to Florida. They report very hot weather. In their absence Jessica & Alex stayed with grandparents Blake and Jessie Gunter while Blake stayed with Bill and Ruth Marconi. The October Lioness meeting was held at the home of Gloria Smuck with 16 members all in costume. The winner of the costume competition was won by Maple Wray Mantle. The date of the Samco bus trip was changed to Oct. 20. The group will be visiting Greenwood on Saturday, November 18 and will be catering * to the Carvers Banquet on November 5 at the Rec. Centre. The Lions Zone meeting on Mon- day Nov. 27 will be another cater- It was cold and blustery Thursday morning but that didn't stop this gentieman from getting the job done. He was seen washing the windows at the Scugog Professional Bullding on Queen Street. ing task for this group. The next meeting will be held at the home of Joanne McLean. Eighteen members of the mor- ning unit of the U.C.W. met at the home of Jessie Gunter for their October meeting. Ruby Van Camp announced a weekend at Camp Quin-Mo-Lac on October 20 on the theme Stress. Eleanor Werry gave the wor- ship on Thanksgiving. Anita Davis gave an interesting pro- gram on Mutuality in Mission. In December a Korean missionary will be coming to south Lanark for 3 years. We will hear more about him. Meeting closed with the Benediction. Blackstock W.I. by Helen Bradburn After pumpkin pie and whipped cream and a social time, the meeting opened in the usual manner. Blackstock is hosting Fun Fair at Solina on October 17. Plans were made for this event. Roll Call - something to put in a compost pile. Motto - You have heard, you have read, you have thought, What have you done? The excellent reply compiled by Lorenza McArthur was read by May Shortridge in Lorenza's absence. . Pat Sleep gave a paper on Com- posting What? Answers to the roll call answered some of this. How and Why were. informally discussed. For those born before 1945 a humorous reading was given by May Shortridge. Next meeting will be on November 1 at 1 p.m. Meeting closed with O'Canada. Helen Bradburn P.R.O. The ice has been put into the local arena so the winter ac- tivities have or are about to begin. If you are interested in register- ing in any of the many sports or programmes available you must soon do so. Call those in charge for more information. There were 12 tables at the Oct. 17 euchre with the following win- ners - 1. Harold Barnett, 2. Laur- rena Bright 3. Margaret Wright, 4. Mary Poots, 5. Lloyd Fawns, 6. Jim Gibson, Low - Betty Barnett, Draws - Verna Robinson, Harold Burgess, Ruby Smith, Albert Watts, Carl Ferguson. A large crowd enjoyed the third annual Blackstock Fiddle Contest which was held on Saturday even- ing at the Rec. Centre. President of the Fair Board, the sponsoring organization welcomed the large crowd present and turned the mic over to M.C. John Lester. In addition to the five fiddle classes entertainment by the Golden Slippers and Mundell Family and Dave Wotten as well dancing by Gerald Stinson and Maurice Montgomery was enjoyed. At the end of the evening the overall winner was declared as 12 year-old Jessica Weiler of Ariss, Ontario. The prize for the fiddler from the farthest distance was won by Art McMartin of Camp- bell River, B.C., to the youngest fiddler by Mathew Johnson of Startford who was seen on last week's Tommy Hunter show and to the oldest fiddler by 77 year-old Earl Giles. A very pleasant evening. Gerald and Joyce Kelly joined other Kelly relatives for a family dinner at the home of Victoria and Ernie Hargrave, Woodville on Sunday noon. Isn't it a pleasure to be able to dial Oshawa without long distance _ charges? - $85355553 885888855588 85858888 OF OF OH OH $8$8888888888 $$838$858885883858888583855388888888888858358355888888888888888888888888888888888 VII IIII III III III III III III IIIT, DAT: 33, NNN NNN NNN 32334 $35 smn &: $5$5888858888888888 This article courtesy Standard Trust - Port Perry Branch earn to your RRSP. can make this claim? up with the full $660. SARA AAA ARR AA AAA AAA AA AAR TARA LAA LARA ARR AR NAAR ARR RR REESE EE ARR NN {NNN NNR NN NNN NKKK] OPI I IIIT I IIIIIIIII II III IIIT IGNORE RRSPs AT YOUR PERIL Over the past 30 years, we have come to recognize that RRSPs (registered retirement savings plans) are good for our financial health. What most Canadians don't realize, however, is that they might actually be penaliz- ed if they choose not to contribute to an RRSP this year. Let's go back to the source of your RRSP contribution -- your salary or wages or business income -- and let the numbers speak for themselves. Say that you earn $1,000 and your tax rate is 40 percent. In 1989, this is the middle tax bracket. Income above $27,500 will be taxed at about 40 percent depending on the province where you live. The majority of those most likely to contribute to an RRSP are in this tax bracket. After paying tax of $400 (40 percent of $1,000), you have $600 left over to devote toward your savings. Say you invest it in a GIC that pays 10 per- cent for one year. Therefore, you earn interest income of $60 (10 percent of $600) and you have a total of $660 at the end of the year ($600 plus $60). Alternatively, you can contribute to an RRSP. Remember that the money you put into your RRSP is tax deductible, so you are contributing pre-tax dollars. In other words, you can contribute the full $1,000 that you With this $1,000 contribution and a tax rate of 40 percent, you will get at tax refund of $400 (40 percent of $1,000). Thus, only $600 of your $1,000 RRSP contribution comes out of your pocket. This $600 is referred to as your net investment in the RRSP, or what you would have available to in- vest outside an RRSP, such as in the GIC. The other $400 represents taxes not paid. The Government is actual- ly helping you to contribute to your RRSP. What other low-risk investment Let's say that the RRSP also earns interest at 10 percent, soit is worth $1,100 after one year ($1,000 contributed plus $100 of interest earned at 10 percent). You cancel the RRSP at this time (definitely not recommend- ed) so you must pay tax on the whole $1,100. This leaves you with $660, after paying tax of $440 (40 percent of $1,100). Is there any difference between the RRSP and the GIC? In 1989, many taxpayers will come to realize that there is a major difference. While the whole $660 from the RRSP goes straight into your pocket, the Government still has a claim on a portion®f your GIC. You must pay tax on the interest income of $60 earned on the $600 that you invested. In 1987, this income may have escaped tax because the first $1,000 of Canadian interest you earned was tax-free. Now it isn't. That $60 of in- terest shrinks to $36 after paying $24 tax (40 percent of $60), leaving you with a total of only $636 ($600 plus after-tax interest of $36). You are better off with the RRSP -- $660 versus $636. And the longer you keep your RRSP intact, the greater the benefit will be. You undoubtedly noticed that the same amount is accumulated with the RRSP after-tax as with the GIC before-tax -- $660 in both cases. In other words, the RRSP effectively eliminated tax on the income earned on the net amount you contributed. You effectively earned $60 of interest on your net contribution of $600 (the same amount invested in the GIC) and ended The conclusion is inescapable -- maximize your RRSP contributions before you consider investing your savings anywhere else. You'll lower your tax bill, and you will have a lot more left over when it's time to use the small fortune that you have accumulated. SANNA ANNAN NN NN ANN NN ANNAN ANNAN AAA AA AANA AN AAR AA SANNA ANA ANNA NANA ANNAN NNNNANNNNN NNN N 4 Dance cancelled by Vera Brown United Church: Session meets, Wednesday, October 25 at 8 p.m. in Epsom Church. Choir practise on Thursday at 8 p.m. at the home of Jane Sobil. Sunday is the annual Mission & | Service day with the guest speaker Rev. David Allan from the Toronto Conference Steward- ship Office. Service 1s at 11:15 a.m. at Utica. This Sunday evening at 7:30 p.m. there will be a concert of organ and trumpet music with organist Alan Coffin, Janet Lamb at the trumpet and the choir of Eastminster United Church, Toronto. Adults $5.00; students $2.50 with proceeds towards the organ fund. This program will be held in Utica Church. The Social Club will be providing refreshments. At Utica Hall on Friday starting at 8 p.m. there will be a euchre. All are welcome. For those who were looking for- ward to attending the Halloween Dance at the hall, please note that it has been cancelled. Charlie & Bertha Cottyn accom- panied by their daughter Gail Kerry recently returned from a motor trip to Dauphin, Manitoba where they attended the 50th Wedding Anniversary celebration for Charlie's sister and her hus- band. While there it was a real reunion with other members of the family who live in other areas. And, the Kerry family will have meat on the table once again thanks to Arnold's very suc- cessful moose hunting trip. 4H'ers going for gold The Durham West 4-H Go For The Gold Team battled the Durham East team in the cham- pionship game of the 1989 Central Ontario Regional Competition. Durham West edged ahead in the final round to win the right to compete in the provincial com- petition at the Royal Agricultural Winter Fair in November. Representing Durham West on the four member team were Barclay Phoenix, Greenbank: Yancy Crosier, Sunderland; Steve Taylor, Port Perry, and Ken Carson, Sunderland. | apel oo : Representing Durham Eash were Eric and Carolyn Barkey, Grace Prins and Bryan Green. The Go For The Gold Competi- tion is a quiz game based on agricultural and 4-H knowledge. Eleven counties in the Central Region participated in the com- petition held on Saturday, Oc- tober 14th, at the Agricultural Museum in Milton. Four teams, representing each of the Eastern. Northern, Central and Western Regions in Ontario, will compete in the provincial round-robin competition.