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Bill Kaveilman Each year at this time, we are barraged with the same message on television, radio and in newspaper: Buy Registerd Retirement Savings l"lan. RRSP‘s have been available for more than 25 years, and are the most widely accepted of all taxâ€"planning ideas availâ€" able to Canadians. Despite this, the average citizen is bewildered by the variety of institutions offering plans, the number of options available, the rules of contributions and even about how the plans work to their benefit. The primary benefit of an RRSP is that allowance contributions are deductâ€" ible in computing income, and income accumulating in the plan is exempt from tax until funds are withdrawn from the plan. Therefore, besides building a program of future security, RRSP‘s provide an excellent means of tax deferral, even if you initial contributions are small. Amounts received from RRSP‘s are taxable and the plans must provide for maturity before the end of the year in which you turn 71. To be deductible in 1984, RRSP contributions must be made by March 1 of this year. The maximum you may contribute to claim a deduction is generally the lesser of $5,500 or 20 percent of earned income. Taxpayers who are members of employer pension plans are subject to a further limitation of $3,500 less any deductible contribuâ€" tions made by the employee to the registered pension plan. Similarly, perâ€" sons who are members of deferred profit sharing plans to which contributions were made by them or on their behalf by an employer in a year are limited to a maximum annual contribution of Regarding the 20 percent rule, the definition of earned income includes salary and pension benefits, as well as a number of items the average person would not normailly consider as earnâ€" ings, such as alimony, rental and business income. Likewise, business losses will reduce your earned income. To put it simply, only those who have earned income of at least $27,500 for the year, and who do not belong to any company, government of trade union pension plan can use the maximum $5,500 deduction. Everyone else â€" lLe., most Canadians â€" will be limited by their earned income. A special contribution in addition to normal contributions is allowed to taxâ€" payers who have received a retiring allowance during the year. Many laidâ€"off workers receive such an allowance as damages in respect of loss of employâ€" ment. _ â€" The amount of retiring allowance that may be transferred is limited to the total of $2,000 times the number of years during which you were an employee, and $1,500 times the equivalent number of Carrier Corner "This is not a product as harmless as bread and milk." It is written space € of This week a brotherâ€"andâ€"sister team get into the act in Carrier Corner, Ken and Sarah Stiles. Sarah, the younger of the two at 12, delivers in the Columbia and High area while her 13â€"yearâ€"old brother has‘a route in the Hickory, Batavia, Albert, Lester area. â€" > years during which employer contribuâ€" tions to a pension plan or deferred profit sharing plan did not vest in you. No tax is withheld when you transfer the eligible portion of your retiring allowâ€" ance directly to an RRSP . If the transfer Ken loves bowling and also has taken first place awards in track and field and baseball. He hopes in the future to be a policeman. He‘s in grade 7 at St. David school. Sarah, who attends grade 6 at St. Michael school, has won a bowling trophy and also loves math, readâ€" ing and going on trips. She wants to be a teacher someday. is not direct, the tax withheld can be recovered when you report the deductâ€" ible contribution on your personal tax plan. While it is certain that a RRSP is an excellent vehicle for holding money, there is equailly no doubt that there are a wide range of differences between the various plans available. If you already have an established plan, you might consider rolling it over to a selfâ€"adminisâ€" tered plan with one of the trust compaâ€" nies to gain control of investments made with your money. _ _ | On the other hand, if you have neither the time nor the incentive to manage investments there are many plans which will do it for you. You can invest in plans which hold guaranteed investments cerâ€" tificates with a fixed rate of return, or plans based on equities. Mortgage funds are extremely popular, and plans linked with life insurance have been widely sold for years. As with any financial matter, it is impossible to generalize about which type of plan is best. You should review your own needs and priorities, then shop around for the one that best accomâ€" modates them. Bill Kaveiman is a Tax Partner of the Kitchenerâ€"Cambridge offices of Thorne Riddell Chartered Accountants. UW student Barbara Strachan on the availability and content of home videos. â€" SEE PAGE 5 Bill Kaveiman One of journalism‘s golden rules (made to be broken) dictates that a reporter should never descend to the rank of cheerleader, never become so emotionallyâ€"involved with a story as to threaten objectivity. _ _ Thankfully, every so often a situation comes along to kick that theory right in the teeth. C A prime example occurred late Saturâ€" day, when longâ€"awaited and much hopedâ€"for news flashed across the wires. A potential liver donor had been found for little Lindsay Eberhardt of Maiton, a feisty tot and darling of the Toronto media in recent months. Heads turned, conversations quieâ€" tened, radios and TVs were tuned to the news â€" and it says in this corner any number of folks hit their knees, hoping the power of prayer would help the youngster through her lifeâ€"threatening situation. Born twoâ€"andâ€"aâ€"half years ago with biliary atresia, an almost certain fatal defect of the bile ducts in the liver, Lindsay thumbed her nose at prognoses that indicated the one in 25,000 infants born with the disease will be dead by their second birthday. Yet, in clinging to life, Lindsay was a Catch 22 personified, in that in order to become a top priority for transplant, she had to get sicker and sicker. Of course, that came to pass over the months. Recently, she digressed to the point where she did indeed become top priority for transplant at topâ€"notch Boston Children‘s Hospital. And Saturâ€" day night, the news Lindsay‘s parents Christine and ~Jim had waited for finally came. An unnamed threeâ€"yearâ€" old donor, declared brainâ€"dead, was reported to have a liver compatible with Lindsay‘s. Some 12%â€"hours later, Dr. Joseph Vacanti emerged from the operating room, ecstatic with the immeâ€" diate results, marvelling at the tot‘s will to live. And almost immediately, her parents detected the color of Lindsay‘s feet returning to a healthy pink from the morbid olive green shade that recently colored her entire body, making her painfully sensitive to the slightest touch. All signs, thus far, are encouraging. Waterloo Chronicle has won four awards in the 1984 Ontario Community Newspapers Association awards compeâ€" tition. Results announced last week showed the Chronicle taking two first place finishes, one second and an honorable mention. ‘The paper was judged first in its class (8,000â€"20,000 circulation) in both layout and composition as well as photography. The Chronicle also took second in the same class in overall general excellence behind the Milton Canadian Champion. ‘"April 21, 1982 was the day Lindsay was born, but Feb. 3, 1985 is the day she started living," said father Jim, hardly dramatizing . the .situation given the child‘s early glimpse of "life." But as much as the events surrounding Lindsay‘s transplant are a tribute to modern medicine, they also represent a community triumph, and more signifiâ€" cantly, a thawing of our tendency, especially in the media, to deâ€"sensitize to the harsh realities of life. Over a year ago, Lindsay‘s plight became our plight. It resulted from a graphic media portrayal of her sickness, the courage of the child and determinaâ€" tion of her parents to improve her quality of life through the only means possiblé â€" transplant. Lo She was never Lindsay Eberhardt, she was always little Lindsay Eberhardt, and what made her an almost overnight media celebrity was the juxtaposition of her pleading, soulful expression with a Nice feeling! WATERLOO CHRONICLE, WEDNESDAY, FEBRUARY 6. 1985 â€" Rick Campbell â€" â€" Caring natural tendency to reveal an indomitaâ€" ble spirit, even at her tender age. . _ â€" Naturally, as her sickness weakened her, the expression became more vaâ€" cant, her actions more listless. But inside, she remained ever the fighter. And because of that, she became a "special someone‘‘ with the Toronto media crowd. No question, there are thousands upon thousands of remarkâ€" able youngsters who become victims of sickness, disease and yes, even death, but every so often one or two seem to rise above the rest. No "better‘"‘ than any other but as a leader for the cause. Lindsay is such a leader. As a result, the tyke‘s predicament has been closely monitored, especially by media types. An awareness camâ€" paign was mounted to inform the general public, and soon, support in the form of high profile (Maple Leaf Rick Vaive) appeals, financial donations and emotional gestures mounted. â€" None was more heartâ€"warming than the one several weeks ago, when Ontario Lt. Governor John Black Aird made a special trip to Boston to visit with Lindsay and her mother. It has often been stated here that the Hon. Mr. Aird is one of the finest most compassionate individuals alive and he showed why on that occasion. The highlight of the visit was reported to have been a play session on the floor between Lindsay and Aird, noteworthy considering his office and title, but totally understandable given his penchant for placing personal emoâ€" tion above official decorum. He, like the rest of us, was caught up in the moment, his heart the momentary possession of a little girl, and her struggle. Much the same reaction was repeated when Jim and Christine emerged thumbs up from their operating room vigil, overjoyed with the knowledge that finally, everything possible had been done to give Lindsay a full shot at life. Spineâ€"tingling was the sight of media folks, the ones who had done so much for the Eberhardts over the months, letting down their guard of indifference. They rejoiced in the thrill of the moment, cried the same tears, hugged family members and equally praised a medical team and the overwhelming humanity of another family, off in the shadows in its time of grief. There was no need for roleplaying, and none was present. Everyone was family. By the very nature of the operation, little Lindsay Eberhardt is far from putting her trauma behind her. At a moment‘s notice, even as this is written, she could fall victim to rejection, infection, complications that could prove disastrous, fatal. . M d e nan e E But happiness is all around, as it should be. Faith, hope and endless prayer have been rewarded, for the present, and a communion of caring connects many circles, making lifelong friends of total strangers. _ And a tiny tot wakes from her surgery, pulling plastic tubes from her nose and throat in stubborn insistence that she be allowed to get on with life. Pray, won‘t you please, that it be so. The Chronicle also won an honorable mention in the Premier Awards division for a Nov. 28 editorial by editor Rick Campbell entitled Moral Victorâ€"y, a commentary on the recent court case of Olympic swimmer Victor Davis. Both sister papers of the Chronicle, the Cambridge Times and New Hamburg Independent were also award winners and the Chronicle congratulates them on these efforts. Awards will be presented at the OCNA annual convention Feb. 28 to March 2 at the Westin Hotel, Toronto.