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l>AG -'01. NWI* l)N lSI A Y. )l' I 3, 1980X. Wl IITI3Y FRI.ý 1> RISS DOULAR sEfse This no-risk investment is absolutely tax-free discount wallpaper store! $300, $400 or even $500. If, for other reasons, you have tax to pay, you'11 just pay that much less. The Registered Home Ownership Savings Plan is the government's scheme to help people who don't own their own homes to save for the down payment. The tax s 'aving is the sweetener in the pot'. ,But the RHOSP can also be a tax benefit to people who already have theirown- homes. Here's how: as a Dollar Sense offers general financial advice by mem-. bers- of The Institute , of Chartered Accountants of Ontarie. A complete homeowncr, you cannot open a RHOSP yourself but y ou can give the money to a dependent child to do so. This might benefît you if your child is over 18 and has earned enought income that he is no longer a de- pendent for tax purposes. You give him the money to open a RHOSP. He then deduets the amnount of his RHOSP contribution from his income. This, in turn, could reduce his incomne to a level that would allow the dependent deduction from your taxable incomne. This transfer is stili in keeping with the intent of the plan -- to help a non-homneowner save enough money to eventually buy a home. For zilnuost fou r xears, honmeowners in D)urhamn Region, and Scarboro h;ive heen fortunate to hase available, a unique type ut walipaper outici - 1Ihe Wallpaper Centre! IJave Bloom and his wife "Mac", who own and operate the business, o ff er t op q u alit y wallpaper from namc- brand manufacturers, at prices so low that you ean truly wallpaper three or four rooms for the price of one. %The purpose of this ..,tory is simply to explain just how The Wallpaper Centre can seil name- brand wallpaper at low, Iow discount prices. Volume purchasing of disconti-nued fines. manufacturers overruns, and occasionally bank- rupt stocks is the ans wer. It is not unusual to see a trailer transport unload- ing carton after carton of walfpaper at one of their three locations. Dave and Mac believe that they offer a larger in- s t ock selection o f patterns than any of their competitors* and at prices that are up to 75% - and more - off the suggested book prices. Their advertising is honest, and when they suggest thiat at their prices. vou can waflpaper three or four roorns for the price of one, You can believe it! [ h ere a re t hree ccntrally focated stores. In Oshawa",at 140 Simcoe Street South.just south of John Street - in Ajax at 1313 Harwood Avenue, just north of Highway 40 1 and Pennyworth's, and in Scarborough at 553 Markharn Road, just south of' Lawrence, across from the Cedar- brae Mali. The Wallpaper Centre c on t inu a 11y o ffer s wallpaper at prices that are s0 Iow. some people just can't befieve thcy are legitimate. Weil start believing! At The Wallpaper Centre, you can afford to decorate your home the way you would like'to, without putting a dent in your budget. Look for The Wall- paper Centre's ads that appear regularly in this paper-- and with the holiday season onfy weeks away. take advantage of their current pre-Christmnas sale. The RHOSP has b around for a few years, you may have already ta advantage of it. Whcl Oyou are already contril ing to a plan, or thinI about opening onie,f are a few points to rem, ber: vou are allowed contribute a maximum $1,000 a year for 10 yeý and you can allow the f to accumulate -- with ci pound interest another 10 years. money can be withdrawi any time. As long asi used to buy a house -- absolutely tax-free. Lyrnan Macinnis iM Touche Ross & 1 Chartered Accounta Toronto. )eefl aken ther but- ,king here em - d to n of ars, fund for The n at it is jt's with int, By Lyman Macinnis. (CA How would you like to slap down $1,000 by December 31 - and have it turn into $1,400 four months later? Best of aIl, the money is yours, tax-free and there is absolutely în.o risk involved. Ail you need do is put your $1,000 into a Registered Home Ownership Savings Plan. Just make sure the money goes into the plan before December 31, 50 you can deduct it from income on your 1930 income tax return. After you've filed your tax return, just wait for the refund cheque to arrive at your door. Depending on your income tax bracket, youmight get a cheque for Pssst... Want to lease a Rabbit? Or an Audi 5000S Also avallable 79,8and12, seat buses eýiîVcLKSWAGEN LTO. Whltby 9shawa 1425 DUN DASS.E, w2 WHITBY STE. Hw é 668-9383 Toronto line 361-1 128 >,w, 401