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rT, ) Rca ------ nan Sonn PORT PERRY STAR - Tuesday, Tuesday, February 7, 1995 - 13 RRSPs can be the key to future financial security The RRSP may well be the single most powerful wealth- building tool available to Canadians. The kind of future you want, of course, is up to you. But there is no question that the key to making it all happen is a sound savings and Investment program, as the cornerstone of your program, the RRSP offers two crucial advantages. First, it gives you immediate tax savings. Second, it lets you benefit from the tax sheltered compounding of income earned within the plan, over many years. The following chart shows the long-term benefits of investing in a tax-sheltered RRSP versus investing the same amount in a taxable type of investment. If you're like many Canadians, you've already taken steps to look after your financial future by establishing one or more RRSPs. However you may be troubled by some nagging questions: Do I know all the rules? Am I making the most of my allowable contributions? Am I managing my RRSP investments as effectively as possible? At CIBC we'll work through your options with you to develop the best retirement portfolio to achieve your goals. Talk to one of our personal bankers about our wide range of RRSP GICs, 15 domestic and international no-load mutual funds*, CIBC investor's edge self-directed RRSPs*, and specialized Tax Deferred Taxable RRSP Investment Amount Of Pre-tax Income Tu Be Invested $2,500.00 $2,500.00 Deduct: amount of tax on the $2,500 (assuming a 35% marginal tax rate) NONE $875.00 Net investment $2,500.00 $1,625.00 Add: interest earned in one year (assuming an average rate oi 8% over 10 years*) $200.00 $130.00 Deduct amount of tax payable in one year on the interest earned NONE $45.50 Net Value at end of one year $2,700.00 ** $1,709.50 Accumulated value if you invested the same amount every year for: 10 years $36,216.00 ** $20,631.00 20 years $114,405.00 ** $54,882.00 30 years $283,208.00 ** $111,745.00 Note: This illustration does not apply to CIBC Mutual Funds held in an RRSP, which are subject to market fluctuations. Interest rates fluctuate, and we cannot guarantee this or any other rate. * Compounded Annually ** Remains tax-sheltered and will be taxed on withdrawal retirement and investment = To see how you can secure services form Wood Gundy your future with the right Private Client Investments retirement plan, give us a call and CIBC Trust. at CIBC Port Perry 985-4444. Lynda Van Schaik, B. Comm C.A. (iE Yedda Ul Ry: 'R} ~ INDIVIC ~ FAR RR#3 Woodville, Ontario KOM 2T0 JTEL (705) 374-4491 FAX (705) 374-4491 By Appointment Only ec ANNUAL RATES ° 1 YEAR......... ssassessuassess assess Ded DI 2 YEAR .....c.cicounins cer nnenene. 8.625% 3 YEAR.......... creer rnnneeennneen. 8.75% Rates subject to change without notice SCUGOG FINANCIAL SERVICES A DIVISION OF CRESSBROOK FINANCIAL PLANNING LTD. 250 QUEEN STREET - PORT PERRY "Serving Scupop for Quer 15 Years" 3Y 3Y PHONE 985-3832 aMutual A The Mutual Group affair It's that time of year again! When every financial institution jumps on the tax savings bandwagon. At The Mutual Group, we are not interested in being on the "bandwagon". We are the company the wagon is following. Call Gary M. Phillips at (905) 668-9669 in Whitby to see where the smart money is going. £ | The Mutual Group 129 Byron St. N. Whitby (Pearson Lanes) (905) 668-9669 Licenced with Mutual Life of Canada. Accounting and Tax Return preparation for farms, small business and corporations "E-filing" at no extra charge New business planning and startup Financial and estate planning Experienced, courteous staff "IT'S NOT WHAT YOU EARN... IT'S WHAT YOU KEEP" FREE INITIAL CONSULTATION EVENING AND WEEKEND APPOINTMENTS AVAILABLE SHEPHERD & POWELL ~ Chartered Accountants ~ 250 QUEEN STREET - PORT PERRY, ONT. (905) 985-9791 (Next to Big V Drug Store) Fax (905) 985-4103 INDUSTRIAL MORTGAGE SECURITIES FUND Mortgage Securities. The GICs alternative. GICs are a secure investment. But over the long-term they have traditionally offered low comparative returns. Which is why many Canadians are choosing Industrial Mortgage Securities Fund over current GICs. The mortgage-backed securities which form the backbone of the Fund's portfolio are government guaranteed for payment of principal and interest. Yet your investment is both cashable and transferable at any time into other types of mutual funds managed by Mackenzie should your objectives change. For information on Industrial Mortgage Securities Fund and the full range of Mackenzie-managed income fund, call me today at the number below. GREENSHIELDS C1 Important information about this mutual fund is contained in the simplified prospectus. Investors should obtain a copy from their investment advisor and read it carefully before investing. When purchasing mutual funds, investors should be aware that: « mutual fund investments are not guaranteed; » unit values and investment returns will fluctuate over time. The Industrial i Group of Funds Building Financial TZIE ROBERT GOW (905) 434-7156 or 1-800-267-1522 111 Simcoe St. N., Oshawa, Ontario L1H 7M9 A fw. Ra a