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2 A Tes." 0 - PORT PERRY STAR - Tuesday, April 18, 2000 "Scugog's Community Newspaper of Choice" Big Bobby Clobber Canadian comic Dave . Broadfoot, seen here In his Big Bobby >No Kod} ATTEMPT THIS AT HOME. Not sure whether it makes more financial sense to pay down your mortgage or contribute to a Registered Retirement Savings Plan (RRSP)? Welcome to the club - the It'll be held May 6 from 10 a.m. to 3 p.m. Port Perry Villa, Nursing Home preparing for Bizarre Bazaar Hope everyone has a Bazaar on Saturday, May 6 from l10a.m.to3 p.m. Come out and support the Resident's Activities. Scugog Island United Church Our guest speaker for our Palm Sunday service was Linda Winton. Leanne and Steven Ashbridge extinguished the last pur- ple candle. The Moms and Tots will mortgage - versus - RRSP debate is a hot one among financial experts and homeowners. While concentrating on the mortgage may be the best route for one person, 174 Perry St. Monthly Income with Mortgage Backed Securities meet on Wednesday, April 19 at 9:30 a.m. at the church. The Needs Assessment Committee will meet on Wednesday, April 19 at 7:30 p.m. at the church. Don't forget the Good Friday Walk on Friday, April 21 at 9:30 a.m. in Port focusing on an RRSP may be better for another. You have to decide whether the long-term growth potential of your RRSP outweighs the advantages of paying down your mort- gage. For a combined approach, you may want to consider maximizing your annual RRSP contri- butions, then using your tax refund to pay down the mortgage. Or, you can consider giving each option top Perry. Meet'in Palmer Park. or 2 ee EA EN HH -- . . i Clobber role, will pro safe and happy Easter. Scugog Sunday, April 23 is a The Community celebration of New Life. Nursing Home and Port island There will be a "Sonrise" Perry Villa are busy getting i Service at 7:30 a.m. at ready for their Bizarre S.1.U.C. followed by break- fast. Our regular Easter Service will be held at 9:45 a.m. with special music by the Orchestra. The choir will present "The Easter Song." The Pastoral Charge Official Board will meet on Tuesday, April 25 at SI1U.C at8 p.m. Call 985-887! with your news for next week's col- umn. Pay down your mortgage or RRSP? Following are a few fac- tors to consider when making your decision: o Your age. As a rule of thumb, the younger you are, the more priority should be given to your RRSP. This does not mean that sgvings are less important for the older investor, just that the dra- matic effect of long-term compounding is reduced. If time is on your side, take advantage of it. If you are less than 15 or 20 years from retirement, consider 2 Port Perry Co Talk with Investment Advisor priority , alternating reducing your mortgage. x RBC Robert J. Gow years. In otherwords, max- Once the mortgage is paid HzR BLOCK 985 9803 DOMINION 434-7156 or 1-800-267-1522 imize your RRSP this year, off, redirect as much of SECURITIES 111 Simcoe St. N.. Oshawa. ON L1G 454 and make a lump sum thatmoney as you can into TAKE THE fear out OF TAXES. Personal Wealth Management™ Member CIPF payment against your your RRSP. weewcivblo.cf Van Camp & Keller Chartered Accountants, LLP Income tax planning and return preparation. mortgage next year. _ SCUGOG FINANCIAL _ 0) 01:14 (0 X00 IY oF IT'S WORTH THE DRIVE TO PORT PERRY! maouonts 0 Annual Rates ° GIC RBSP o Your tax rate. If you are in a high tax bracket and have a high marginal tax rate, RRSPs are a great tax-saving strategy. There are two benefits: tax- deductible contributions and tax-deferred invest- ment growth. Unless you plan to move up to a more costly home, you should . consider maximizing your RRSP contributions and using any excess cash to pay down your mortgage. o Investment returns. An astute investor with a track record of good investment returns could be better off investing than paying down the mortgage. Those healthy returns could bring greater financial benefits than concentrat- ing on your mortgage. 5.650% 5.575% 6.000% 6.000% 6.150% 6.100% 6.200% 6.300% Personal tax returns electronically filed. Financial, estate and retirement planning. Personal Tax Returns are being processed now. OFFICE HOURS UNTIL MAY 1: Monday to Friday 8-6, Saturday 9-1 5.000% AFTER 120 DAYS MINIMUM $1,000. Rates Effective 04/17/00 - Subject lo change without nofice 250 Queen Street, Port Perry 2 YEAR CASHABLE 1-888-595-4413 Serving Scugog for over 25 years 985-3832 (next to Shoppers Drug Mart) ASSOCIATED WITH _ SHEPHERD & POWELL ---- CHARTERED ACCOUNTANTS 204 Casimir St., Port Perry Telephone: (905) 985-9725 Toll Free:1-800-215-3852