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sfux mmmf0g j its your future invest in it h borrow money to top up rrsp everybody wants to save taxes and the best way is through a rrsp to take full advantage of this powerful tax saving vehicle consider borrowing to catch up on unused rrsp carry forward amounts with todays low interest rates this option makes perfect sense for example if you borrow 30000 and invest it in your rrsp you will receive a 15000 tax refund if you are in a 50 per cent tax bracket this money can then be used to pay off your loan now you have 30000 working for you in your rrsp compounding tax free and you only have to pay interest on 15000 if you can average 10 per cent per year on your investment after 20 years this 30000 will grow to 201825 if instead of borrowing to catch up you invest ed an additional 5000 per year over six years after 20 years you would have 161150 assuming 10 per cent average annual compound returns a difference of 40675 if you borrowed at eight per cent over six years your cost of borrowing would be 393590 on 15000 or 263 per month although rrsp contribution carry forward amounts have been extended indefinitely in these times of cost cut ting by governments changes to this feature could come at any time this simple tip could help you maximize your rrsp investment and minimize your tax bill this article was submitted by dan galszechy of fortune financial wanted income tax returns reasonable single and family rates reasonable small business rates including bookkeeping very fast and accurate call now at 9056405057 eed tax help our experienced tax preparers can answer all your questions any time of the year swbsi offer r i con iflsentiality wii quick accurate service with reasonable fees electi hi service available block at home home or office tax preparation service hb block itfs the right thing to do three convenient locations in markham 1 1 1 main st north 4729501 the bay markville mall 5131770 sears markville mall 9461866 attention small business owners do you spend too much of your valuable time bookkeeping find your computerized accounting system confusing want to computerize your accounting but do not know where to start want to maximize the benefits of using a computer in your business if ydii answered yes to any of the above questions please call cph consulting at4i64937615r specialists in computerized accounting experienced in all aspects of accounting including payroll gst pst office products word wordperfect excel lotus windows etc custom programming networking experienced in nt novell lantastic wwg communications modems internet we also offer a computerized bookkeeping service special rates for small business cph consulting 416 493761 5 willowdale ont not all nest eggs are what theyre cracked up to be investors can help you build a better nest egg with expert advice and solid financial planning call noeldoharris at 9054726067 l investors emup building futures since 1940 attention serious investors michael comeau vice president and senior investment advisor of td evergreen investment services is available for consultation at the stouffville td bank branch td evergreen is a full service investment dealer and offers broad range of investment products and services including domestic and foreign bonds canadian and us equities over 400 mutual funds rrsps rrifs and resps free portfolio analysis investment advice and development of personalized investment strategies to book your appointment with michael comeau at the stouffville branch please call jim hassard branch manager at 905 6404000 or dave morrison branch manager at 905 6401372 or call td evergreen at 416 5122511 or 18003824964 td evergreen wealth management a pivtwn ip sveurittry le td evergreen inveslmcnis services is a division of td securities inc which is a subsidiary of the toronto dominion bank member cipf l j l l i i i i 77ie investing course for every canadian intelligent investing take charge of your financial future in six relaxed seminars how to plan for your financial goals how the investment industry works how to study and pick stocks how to understand the bond market how to select a mutual fund how to plan for retirement nonpromotional lots of reallife examples explained in plain english approved instructor john niekraszewicz b math fcsi tuesdays march 18 to april 22 1997 700 pm to 930 pm place markham community library hwy 7 markham rd cost 16500 endorsed by the investor learning centre of canada andthe- canadian securities institute bb3 i 9052941200 q a investment insight i have always felt that maximizing my rrsp each year is a smart financial planning strategy this year i have earned much more than last year i have maximized my rrsp by borrowing nevertheless i could use some additional tax savings for 1996 what is another option bsatinderunionville while it is an excellent tax saving financial planning strategy to maximize your rrsp each year like many others you may find you can invest more money outside the rrsp but would like to get an extra tax write off you can do this by investing in labour sponsored funds which give investors 30 up to 1050 in tax credits against taxes payable these funds invest in dynamic growth oriented small medium sized canadian businesses like genesis microchip digital processing systems innova technologies while the companies carry higher risk your federal provincial tax credits up to 1050 are granted to compensate investors for that risk to answer your question labour sponsored funds are an excellent way for the retail investor to participate in small medium sized business growth with up to 1050 in tax savings on your investment exclusive of an rrsp you will also meet your objective of paying less tax but note the tax savings deadline for taxation year 1 996 is today you can fax your questions to investment insight at 2948880 or call dan galszechy or john niekraszewicz of fortune financial corp markham 2941200