Oakville Beaver, 11 Feb 1994, p. 8

The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

HELPING THE WORLD WRITE NOW 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 fund in Canada. | Here‘s 2 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 Sa 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. Key to the pexformarlmce 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, tisciplined 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 this year Experience That Counts Discover How Working Ventures Can Work For You WORKING VENTURES CANADIAN FUND INC. Here‘s an example: Investment in Working Ventures _ $5,000 Tax Savings â€" $2,500 = RRSP tax deduction (at 50% assgmed tax rate) Federal Tax Credit (20%) â€" $1,000 Provincial Tax Credit* (20% where applicable) â€" $1,000 Your Net Cost $500 Your Total Tax Savings $4,500 Grimsby high school student Erin auditions at Sheridan, Monday. For more information, please call: ANDY BLANCHARD FINANCIAL CONCEPT SECURITIES 22 Lakeshore Rd. West Oakville, Ontario Tel: (905) 338â€"8600 Open Investment Objective 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 iN 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. Southwall was one of many dancers competing at the the Wonderland (Photo by Peter McCusker) Open weekdays until 8 p.m. Sat. 9â€"5, Sun. 1â€"4 Stiff competition for Wonderland summer jobs (Continued from page 1) It took hours for Oille to rehearse his twoâ€"minute monoâ€" logue, which was full of demeanâ€" ing and comical put downs towards humans. His preparation will pay off, if Oille is one of the few lucky ones among hundreds of hopefuls to land a performing role at mer. Wonderland is looking for dancers, singers, variety actors, Hannaâ€"Barbara characters and even Star Trek characters for the park opening in May. The Sheridan Audition before four of Wonderland‘s top talent searchers was just one of many similar auditionsto be held in Ontario and Quebec between Feb. 7thâ€"16th. Everything from short monoâ€" logues to singing was performed to impress the judges, who have the unenviable task of sorting out the hundreds of applicants to find the right person for the job. The performers are well aware of the odds of landing a position with Canada‘s largest theme park "There is a lot of competition. It‘s hard to get your hopes up," said Grimsby high school student Erin Southwall, who auditioned two years ago for a part with Wonderland, but was denied. "They‘re looking for a certain type of look and a certain type of person," says Southwall. Wonderland dance coordinator Mark Norris arranged a short rouâ€" tine in which the dancers had to learn and mimic. anada‘s Wonderland this sumâ€" Tami Whitley, a St. Catherines high school student, auditioned for a singing role. "I just want to sing, but I know it‘s going to be hard to get in, there is a lot of people that want the job," she said. â€" With files from Gary Williams and Michelle Sheppard.

Powered by / Alimenté par VITA Toolkit
Privacy Policy