If your spouse is projected to have a lower income at retirement then this shifting or splitting of income will result in less tax being paid on that But if the money is withdrawn from the RRSP prior to the three year holding period the income will revert back to the original contributor for taxation purposes. That does not mean you received the funds but that it was withdrawn by your spouse and is taxable to you. hile mutual funds are generally designed to reward investors in the long run, there‘s an investment fund that gives you an immediate tax advantage. Working Ventures Canadian Fund gives you a 40% headstart over just about every other 8 fund in Canada. Here‘s a Now, you can take advantage of a unique investment fund â€" Working Ventures Canadian Fund â€" that could permit you to reduce this year‘s taxes by $4,500! That‘s 40%* more than the tax benefit of just about every other RRSP in Canada. You receive $2,000 in tax credits* by investing Your Net Cost $5,000 in Working Ventures Canadian Fund. Your Total Tax $2 The fact that Working Ventures shares are also eligible for an RRSP means further tax breaks. For instance, if you are in a 50% marginal tax bracket, a $5,000 contribution to an RRSP would reduce your taxes by a further $2,500, for a total of $4,500 ($2,000 + $2,500) in tax savings*. Your investment will primarily be reinvested in promising, growthâ€" oriented small and medium size businesses in your province. Experience That Counts Key to the performance of the fund is the expertise and experience of its management team headed by Ron Begg, President. His track record of success combines senior corporate management disciplines with the handsâ€"on companyâ€"building skills of a successful entrepreneur. This complements well the investment and finance background of Jim Hall, Viceâ€"President Investments. Jim has solid professional credentials from public accounting and merchant banking, and a record of originating and managing successful investments. Jim offers a prudent, disciplined and seasoned approach to the development of a strong, diversified investment portfolio. The Power Of Working Ventures Canadian Fund Save an extr‘a 40% in taxes on your RRSP contribution thlS yeat stream of income. For example if a 55% provincial tax rate, and a 4.5% federal surtax is assumed the tax paid (considering only the basic and married tax credits) by a single income household with taxable income of $50,000 is approximately $13,300. Under the same assumptions if both spouses had taxable income of $25,000 the total tax paid by both spouses would be about $10,000, a savings of $3,300. Thus a substantial tax savings can be obtained by splitting income. Spousal RRSPs also enable more effective use of the pension income tax credit. By having a spousal RRSP you can ensure that both spouses are able to draw up to $1,000 in pension income tax free. Discover How Working Ventures Can Work For You WORKING VENTURES CANADIAN FUND INC. Advertisement Here‘s an example: Investment in Working Ventures _ $5,000 Tax Savings â€" $2,500 = RRSP tax deduction (at 50% asspmed tax rate) Federal Tax Credit (20%) â€" $1,000 Provincial Tax Credit* Your Net Cost $500 Your Total Tax Savings $4,500 (20% where applicable) â€" $1,000 Since 1989 the government has allowed the transfer of up to $6,000 in pension and annuity income to a spousal RRSP. This will be in effect through 1994. Transfers will be allowed as long as the spouse has not reached the age of 71. We look forward to your comments and questions. Please address them to the Manager Financial Concept Group, 22 Lakeshore Road West Oakville, L6K 1C5 or call 338â€" A further advantage of the spousal RRSP is that it enable an individual over age 71 to contribute to an RRSP. Normally once a taxpayer reaches the age of 71, they are no longer allowed to contribute to an RRSP. However, if the taxpayer‘s spouse is not yet 71, then RRSP contributions can be made to a spousal plan even if the taxpayer is over 71. For more information, please call: ANDY BLANCHARD FINANCIAL CONCEPT SECURITIES 22 Lakeshore Rd. West Oakville, Ontario Tel: (905) 338â€"8600 Working Ventures‘ objective is to produce the superior returns traditionally associated with investment in dynamic and growing businesses, while minimizing risk through prudent â€"â€"â€"â€"â€"â€"â€"â€"â€" _ development and management of the fund. Participation in Working Ventures should be considered as a long term investment. However, you may redeem (cash in) your Working Ventures shares subject to certain conditions. If you redeem your shares within 5 years of purchase, you will be required to return your tax credits to the federal and provincial governments (some exceptions apply). Working Ventures may restrict total redemptions to 20% of total assets of the fund in any one year. A fee of 3/4 of 1% of redemption value will be charged for each year shares are held short of 8 years. Poised For Growth Due to the current economic environment, Working Ventures is in an ideal situation, prepared to take advantage of investments in underâ€" valued businesses and positioned to profit as the economy turns around. And, while a majority of the fund‘s assets will be invested in enterprising businesses to maximize return potential, risk is tempered by investing a portion of assets in shortâ€"term, high quality government securities Important information about this investment fund is contained in its prospectus. Obtain a copy from a securities dealer duly qualified and licensed to distribute these securities and read it carefully before investing. Share value and investment return will Aluctuate. © *The extra provincial tax credits are available to investors resident in Ontario, Prince Edward Island and New Brunswick. First published October 1993. Investment Objective Private equity investing involves certain risks that are not encountered with many other investments. Although Working Ventures provides you with a tax credit to help offset those risks, it cannot guarantee that its investments will earn a specified rate of return, or any return, in the short or long term. In addition, a private equity investment involves a longer term commitment. (Continued from page 7) QEW and five km south of Hwy 401. South Peel Naturalist Club field trip to look for rare birds. Meet at 9 a.m., Bronte/QEW parking lot. Everyone welâ€" come. Bring lunch and scopes. Information: $49â€"6462. races, snow soccer, angel making, sack race, best snowman (weather permitâ€" ting) zaniest toque contest and for adults only â€" golf driving range â€" bring your own clubs. Oakville Legion (Branch 114) holds bingo, 12:30 p.m., Mayfair bingo Hall, Speers Rd. Proceeds to charitable orgaâ€" nizations. Glen Abbey Winter Carnival, preâ€" sented by Glen Abbey Residents Association, 1 to 3:30 p.m. Abbey Lane Park. Tobagganing, cross country ski Waldorf School Open House, 11 a.m. to 3 p.m. JK to Grade 8. 83 Campbellville Rd. Information: 8540191. UPDATE Open weekdays until 8 p.m. Sat. 9â€"5, Sun. 1â€"4 Bronte Legion ladies auxiliary (Branch 486) holds bingo, Mayfair Bingo Hall, 483 Speers Rd., 6:30 p.m. proceeds to charitable, religious and community projects. Oakville Chamber of Commerce Womens Network meets, Allegro Cafe Ristorante, 2330 Lakeshore Rd. W. 5:15 p.m. Topic: Business Book Review. Cost: $20 per person. (March 7th: Kelly Turner, Retail Advertising Manager, Oakville Beaver) RSVP by Feb. 4th: 845â€"6613. Equilibrium, a support group for the families and persons affected by bipolar and unipolar depression, presents A Panel Discussion with Family Members Affected by Bipolar Depression, folâ€" lowed by question and answer session, 7:30 p.m., St. Dominic‘s Parish Centre, 2415 Rebecca St. Info: Canadian Mental Health Association, 845â€"5044. Oakville Stamp Club meets, 7 p.m., cafeteria St. Thomas Aquinas Secondary School, 124 Margaret Dr. Visitors welcome. Tonight: Sales circuit. New members welcome. Information: Secretary, Oakville Stamp Club, PO Box 69643, Oakville, L6J 7R4. Are you new to Oakville? Would you like to meet new friends? Oakville Newcomers Club is a social club open to women who have moved here within the last two years. Meeting, 7:30 p.m., Trinity United Church, 1250 McCraney St. Info: Karen, 847â€"8702 or Pat, 847â€" 5694. Air Cadets meet Tuesdays, 7 p.m., T.A. Blakelock High School, Rebecca Street. For youth 12 to 18 years. Are you a mom with one or more children under the age of six? Do you need a break? Enjoy a guest speaker and stimulating conversation while your children are cared for in a room down the hall with Aid for New Mothers, 9:15 a.m. to 11:15 a.m., Chartwell Baptist Church, 228 Chartwell Rd. Overeaters Anonymous meets, 8 p.m., Knox Presbyterian Church, Dunn Street. Information: Sharon, 844â€"9518. Does your child have asthma? Asthma Support Group begins Feb. 11th (to March 4th) in Oakville. Information: Lung Association, Halton (See ‘Update‘ page 9) Reserve now for second annual Halton Businessâ€"toâ€"Business Show, Feb. 15th and 16th at St. Volodymyr Youth winter/spring programs at the YMCA beginning soon: Drama for 12 to 14â€"yearâ€"olds; Aerobics for ages 6 to 12; Babysitter training, 11 to 16â€"yearâ€" olds. Information: 845â€"3417. Cultural Centre, Hwy. 5 and Fourth Line. Speakers: Jim Harris, president of Strategic Advantage, Feb. 15th, 7 p.m. and Brian Costello, Canada‘s best known financial commentator, 2 p.m., Feb. 16th.Admission $10 and includes free access to all seminars. Info: Dave Jenkins or Judy Noseworthy, 827â€"4632. Thousands of once nearâ€"sighted people now enjoy this freedom. An advanced laser procedure which takes an eye doctor only minutes to perform has changed the way they see the world. If you‘re over 21 and nearâ€"sighted, you may be a suitable candidate. Dr. Calvin W. Breslin 239â€"4623 ‘MISSISSAUGA CENTRAL LIBRARY (301 Bunhamthorpe Rd., West of Hurontaric) at 7:00 p.m. on: Wednesday, FEBRUARY 9th Tuesday, MARCH 1st To obtain more information or register for the seminar Informational seminars will be held at the