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

p 14 weekender oct03e r 22 1994 stajxi finances take full advantage of tax breaks this year if you want a sure thing dont buy investments lottery tickets canada savings bonds or anything else for that matter just take every tax deduction to which you are entitled the sure bet is that there wont be as many to use next year as there are now remember the 1000 tax free investment income deduc tion the registered home own ership savings plan the child deduction and on and on and flick pick oct 21 oct 27 i mpfmijtmi 2 the specialist newjgtaarenw 4 the river wild mm giants oewv 6 only you jliorpisiaiiil 8 exit to eden new m 10 quiz show critics average mm s mpaa rating i thriller pg131 mim pg pg13l rl pg131 theue ivklence action llioiil thriller f comedy j mi romcord drama much comedy pjarria- drama tots i lots j lots much much none some ml none coarse lang lots ml some mild is mild lots soma sex nudity much mm none m some mm lots mm none buy any breakfast sandwich get one free just bring in this coupon and when you buy any breakfast sandwich the second one is free of equal value limit one coupon per customer per visit please present coupon when ordering not valid with any other coupon or offer f 7 at mcc0wan hwy 48 ihoth ave valid until nov 30 1994 hwy 7 at warden wmyoiwjnt rwmjaiqb ifaldente italian restaurant presents ish and seafood esfival 0cr240cr3q v 2 hwy7 f al dente steeles f reservation 471 on they are gradually being ehminated and surely there are more on the hit list as a result this fall is proba bly even more important than usual when it comes to year end tax planning for example have you fig ured out your capital gains sit uation its a monster thats going to keep the financial industry running at full steam right through until the end of tax time however maybe you have the opposite problem that you can turn into a positive if youve got some duds that are losing right now you might want to consider selling them to create some capital losses now that capital gains are taxable creating capital losses can be a very valuable exer cise they will offset the taxes you were going to pay on your gains in addition they can help you with the clawback prob lems that seem to be a growing problem with parents and seniors sit down with your financial advisor and assess all your holdings even though you have some losers you shouldnt sell just for tax purposes you also have to look at the future prospects for the investments however even if it looks like they are going to recover you might want to sell them any way as you can protect your self capital losses can only be claimed against capital gains however if you wish you can carry them back to any of the your money brian costello past three years or even carry them forward to use in the future carrying them backwards wont make a lot of difference if you created tax free capital gains in past years unless you were hurt by the clawback carrying them forward or using them this year can be a very valuable exercise as they will wipe out taxable capital gains and also may be useful in offsetting any impact of the clawback it is possible to have your cake and eat it too so to speak if you sell losers now to create capital losses you can buy them back provided you wait at least 30 days you get the capital loss but you will also still own the investment the only problem may be commis sions another option is to sell the investment you already own and buy a similar one for example you might sell one bank stock and buy another that normally moves at the same pace or sell one mutual fund and buy another similar one in fact you can often sell a mutual fund and buy anoth er in the same family without triggering commissions obviously we should be firefighters club presents 3rd annual charity halloween dance saturday oct 29 900 pm 1xvjct 1 phone 4756571 for tickets net proceeds to markham stouffviue hospital foundation hwy 7 fj esnaparkj steeles maximizing our rrsp contri butions at this time you can earn tax free income inside your rrsp rather than tax able income outside however it can also be a major tax saver if you make quarterly installment pay ments to revenue canada contributing to your rrsp before year end can reduce the final quarterly installment others though should con sider withdrawing funds before year end i spoke with somebody the other day who had a bad year nobody wants to have a bad year however maybe it opens the door to an idea if you make contributions to your rrsp when you are in a high tax bracket why not consider removing the money when you are in a low tax bracket you might pay no tax to get it out but even if you have to pay tax compare the rate you pay to the rate you saved in addi tion compare the rate you pay to what you will probably pay if you remove it in the future when you are having a good year next compare that dif ference to todays borrowing costs or investment yields if you saved 40 per cent when you put it in but pay 30 per cent when you remove it you effectively made 10 per cent tax free can you earn 10 per cent tax free by investing your money taxpayers should also con sider trying to trigger up to 1000 in tax free pension income before year end this option still exists but for how long if you own 10000 lets say of an investment that pro duces a 10 per cent yield you earn 1000 in taxable income however if you switched that 10000 into an annuity or a personal pension and were also able to earn 10 per cent you would earn 1000 in pen sion income the first 1000 is tax free you may also be able t6 use your rrsp to produce this benefit some financial plan ners are even able to get an advance payment before year end so that you sneak in before the deadline of course getting a 10 per cent yield is often a problem so more than 10000 may be required introducing restaurants wendy longone of our great staff wendys smiling face has greeted you at hobos for many years now we are proud of our new menu and our new look wendy long a3q8 hwy7 e east of mccowan now open coleen johnson formerly a teacher at brunos marvel schools of hair design invites all her previous clients to visit her at her new location fall special i perm or colour inc stole zw 30 with this ad bows nov 30 hair studio 7780 woodbine unit 11 905 474f074l u i i jivtl uhut f