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A mutual fund is a trust which allows fund; or capital gains m the buying and selling ned by the fund. Out of income, the trust pays annual expenses of the. d, such as management 6, accounting fees and lividual investors withâ€"limited time, capiâ€" :‘m»muumb 10 acquire part ownership (called hits") in a diversified portfolio which is naged by professionals. The value of the “Ndhlzfimm&fl- y equal to the of the investâ€" nts in the fund divided by the number of ts. For example, if a fund has cash, stocks i bonds worth $1,500,000, and has sold },000 units, the value of each unit is $15. estors buy the units at fair market value, I the value of the investment can rige or , as the value of the underiying investâ€" : to pay tax, the income is left after deducting wrore w ind w esns on e arier Nmmmphtowrld BJ Choose the security and competitive interest rates of Lutheran Life‘s Guaranteed Savings plans or the growth potential of our new FORTRESS" Investment Funds â€" or a combination of both! Discover how easy retirement planning can be! Call us today for assistance! that the fund does not nDeddezuhncwu'dhldmmd what kind of lifestyle you‘d like. mmmmm, Eul or Regional Office for retirement planning assistance, beginning with a free personalized financial needs analysis. Now, planning your retirement can be as easy as...1,2,3! from stock owned by rises or falls. td mutual fund earns various kinds of e throughout the year: interest from on deposit or invested in interestâ€" is paid out to is a mutual fund? Telephone: 746â€"5111 Toll Free: 1â€"800â€"407â€"5111 Lutheran Life Preover our Pifirncse! Western Ontario Regional Office Unit Hâ€"168 Lexington Court, Wat »_ " ho d e es ) £...... Marginal tax rates for various * _~ ‘Aypes of income that you have an "exempt geins balance" for that fund as a sesult of the 1994 capital gains election Copital gains may be completely free of tax to the extent The tax you pay on each doliar of income from a mutual fund depends on the type of income received, as well as on your tax bracket and province of residence. A dollar‘s worth of interest income, for example, is taxed differently than a dollar‘s worth of dividends. The table below compares the Taxation of mutual funds investors at least once each year. This income retains its character as interest, diviâ€" dend, or capital gains when it is flowed through to investors. Aithough you must pay tax on such income, you are entitled to the tax benefits accorded to these special types of income as well. The income may be paid in cash or may be reâ€"invested in the fund to buy more units. Either way, the income is reported on an : information slip which summarizes each of the various types of income for.the year. $25,000 21% 6% momercrstrmraes s Andnemnnshemamin Voluntary Because of you, it‘s working $50,000 ~$75,000â€" While we recognize the importance of developing a financial plan, we often fail to devote the time necessary to put all of the pieces together: Find out how you can achieve your Financial Goals by * ___calling John today! It‘s a small price to pay to ensure you don‘t outlive your money! 31% Et Opening Feb THE INCOME TAX SPECIALISTS gaoaA _A is Preparing Your Tax Return a Hassie? We‘ll ge't.!&ou the maximum refund you‘re cntitljéd to. Come in to the NEW Kid on the Block _ Because it‘s your money. on mt ueA m o t o t on on t t ap t t ti im it n n 0s im i 120 KING ST. S. WATERLOO (across from Waterioo Town Square) Tax Planning Mutual Funds Estate Planning