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4 8 | i PORT PERRY "WEEKEND STAR" FRIDAY, JANUARY 21, 2000 - 1 Durham Regional Police briefs Cops charge Port Perry man with impaired driving A Scugog man will. appear in an Oshawa court on Feb. 23 after he was charged for impaired driving earlier this week. Durham Police report that a 47-year-old Scugog Township man was west- bound on Regional Rd. 21 just after 10:30 p.m. on Jan. 17 when he passed an officer at a high rate of speed. The officer stopped the vehicle near the inter- section of Regional Rd. 21 and Regional Rd. 23 and observed the usual TR REAR R AR signs of impairment upon talking with the man. . The Scugog man was arrested and taken to Port Perry's 26 Division station where he was given a breath-test. He blew 180 twice. As a result, a 47-year- old Scugog Township man has been charged with one count of impaired operation of a motor vehi- cle and one count of exceed the legal blood- alcohol limit. In other police news, Police were called to a Blackstock business after thieves attempted to gain entry to a shed last week- 985-8552 The top-earner should pass along some or all RRSP contributions e 3M Scotchguard Durham e Broadloom Steam || . pholstery Cleaning , | oose Rugs 852-6711 end at a Crestview Ave. farm equipment distribu- tor, police say. No items were taken. If one spouse has accu- mulated significantly more money than the other at retirement, that spouse will be drawing a higher income at retirement and paying income tax at a higher rate. Reducing the family tax bill is simple - the higher income earner should direct all or a portion of annual limit. Some Tips o Common-law spouses (two people of opposite sex who have lived together longer than one year or who are the parents of a child) can also take advantage of spousal plans. o You can still make a contribution to a spousal his/her RRSP contributions __RRSP if you are over age 69 to an RRSP in his/her spouse's name. Income splitting ensures both spouses have an equal amount of money to draw from at retirement. By shifting money from the higher income earner, you may pay less overall tax. Remember, total RRSP contributions to a personal or spousal plan cannot exceed the contributor's under two conditions: your spouse's age is less than 70 and you still have RRSP ~ contribution room. o Your spouse does not have to earn any personal income for you to start a spousal plan o A spouse can have two RRSPs - a personal plan and a spousal plan. If you have contributed to a spousal plan in the DB. GALLERY KASSOCIATES INSURANCE & FINANCIAL PLANNERS 204 Casimir Street, Port Perry, Ontario L9L 1B7 Tel: (905) 985-4028 RRSP Tune-up Service Is your RRSP doing for you what you want? Barb Malone now to book your free ¢onsultation. Call year of the withdrawal or in the two years preceding the withdrawal, the with- drawal amount will be added back to your income and taxed in your name. 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Compton Communications - worRY FREE JI SLURP Please check our website for availability www. Compton.net or call (905) 985-8171 A DREAM Is a Gijt We Give Ourselves TO ACHIEVE YOUR RETIREMENT DREAM, YOU NEED A PLAN. We dream of enjoying a wonderful retirement filled with family, friends and the chance to do exactly as we please. But to get there you need a plan; a plan for seeing beyond today's RRSP contribution to'your total retirement plan. Balancing today's cash flow with tomorrow's need for a retirement nest egg sometimes seems like an impossible task. But it doesn't have to be if you take it one small step at a time. Putting away a little now for the future is a part of that plan. So is making sure your investments are working as hard as possible for you. And you'll want to protect that nest-egg by ensuring your plan aims to minimize taxes when the time comes to pass those investments on to your loved-ones. At Canadian Impenal Bank of Commerce we can help with expert advice & innovative 145 QUEEN ST REET, PORT PERRY { IB C TM - Trademark of CIBC IRB CHEURIL ENE EIRIER email dnoble @accglobal.net eS... Ss Ss SU, agement. Your terms, your comfort MONEY CONCEPTS Affiliated with Money Concepts Group Capital Corp. SEMINAR = FECTING YOUR PORTFOLI JE NEW MILLENNIUM. February 7 Call 852-3486 or more information and to reserve your seat * . CIBC Trust is a member of the CIBC Group of Companies RRSPs, RRIFs, Mutual Funds, GICs, Segregated (guaranteed) Funds, Life Insurance, Annuities... Everybody's talking about them again, But do they listen to what you need?? Come Talk to Us About Your Personal Financial Goals. WE'RE LISTENING! Money Concepts, 12 Main St. N., Uxbridge 852-3486 an eer msm SE