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Mississauga real estate broker and Oakville resident A. Ross Godsoe was elected president of the Ontario Real Estate Association (OREA) last month at its annual conference. As it turned out no changes to the existing RRSP limits were made. But the government _ had suggested the idea in order to measure our response. In fact Ottawa has promoted _ RRSP investments over the last several years through contribution dlfferent ' servmes offices servmg H community. he new federal budget ended _ the speculation of what the new Liberal government would do. The preâ€"budget type this time around has made it clear just how dependent we are on the government. That dependency is not just based on the fact that they set the rules but on the fact they influence how we think. This should not be the case, but it is. A good example of this is a subject that is on many people‘s mind â€" retirement planning. What would happen if : _the . RRSP? contribution limit was reduced? This is of great concern to many people because it is becoming quite clear that the government will not be of much financial assistance to us when we retire because they have run out of cash. Therefore we have to save to become financially _ selfâ€" sufficient for retirement and the best way to do this is via a RRSP. Godsoe is the president of White Oaks Realty Limited of Mississauga. Active in the real estate profession for 27 years, he is a member and pastâ€"president of the Mississauga Real Estate Board. he is also a member of the Toronto Real Estate Board, Oakvilleâ€"Milton Godsoe is new OREA president Region brochure ai "I have already | THE O/ In fact there was a rumor that these reduced contribution limits were to have been announced on Dec. 28th. But that did not materialize. If the budget had reduced the amount of RRSP contributions that we could make, this does not mean that we could not make limit increases to the percentage of foreign investments that can be held within a RRSP. Now there was a possibility that the contribution limits might be reduced. 5â€"bdrm., 3 baths, main floor fam. rm. laundry Gail Moreau Sales Rep. SUNDAY 2"4 POM0 2756 Teak Cr. â€"â€" $289,900 A FOUR LETTER WORD WE SHOULD ALL USE MORE OFTEN. up the difference with a nonâ€"RRSP investment program. Retirement planning is too important a decision for the government to make and your savings plans should be based on your long term spending requirements. Any reduction in your RRSP contribution would As well, Godsoe has chaired several OREA committees including political affairs, public relations and finance. Most recently, he served as chairman of the licensing education committee. District Real Estate Board and the Barrie District Real Estate Board. The Ontario Real Estate Association represents 40,000 brokers and salespeople and 48 real estate boards throughout the province. members of the association may use the have been just another tax grab. The government is under pressure to collect more taxes. And by reducing the tax deductible RRSP contributions they would have been doing nothing more than increasing taxes. You have had lots of experience with tax increases in the past and you have South east Burlington near the lake, super big lot, 4 bdrms., 2â€"1/2 bathrms., 2 fireplaces, rec. room, C/A. About 2,200 sq. ft. spotless moveâ€"in condition. Call PAUL BARLOW, Sales Rep. res. 639â€"9898 795 BRANT STREET BURLINGTON PINELAND $259,000 The giving begins with you fi REALTY ® LIMITED had to decide how to adjust your spending. Yes one of your options would have been to reduce the amount of funds that you _ save _ for retirement but that is your choice and your choice alone. So the normal preâ€"budget process did get everyone‘s attention and it did underscore _ our dependencies on Ottawa to wet policy for us to follow. But perhaps this exercise will help us in the way we think. "Realtor" â€" trademark which identifies them as real estate professionals who subscribe to a high standard of ethics and service. OREA serves its members through a wide variety of publications, educational pregrams and special services. The importance of any good financial Peter Watson, MBA, CFP, RFP is the President of Peter Watson Investments Limited, an Oakville firm specializing in retirement planning, RRSPs and investment planning. He can be reached at 842â€"7602. strategy 1s to set your own priorities. Regardless of how budgets or other external _ factors affect you, make sure you consider what is important to you in the long run and adjust accordingly. CANCER INFORMATION SERVICE 1â€"800â€" 263â€"6750 Not a drive by â€" This one has it all â€" $248,500. Prime east Burlington cr. near "GO" and "QE". Approx. 2,500 sq. ft. 4 BEDROOMS â€" Master ensuite. Summer kitchen with inâ€"law potential Fabulous inground pool, deck 2nd floor balcony Newly priced â€"â€" anxious vendor â€" super value Details from INA/ROSS KITCHEN, Sales Reps., 333â€"5927. FRIDAY, MARCH 11, 1994 > Page 23