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MEY ae eg he EE TE NE iE ane 10 - PORT PERRY "WEEKEND STAR" iH i { PSL FLERE TLE NO Sa eer TH HH ERR ERIN, FRIDAY, FEBRUARY 18, 2000 Business Cents If you own a business, it only makes sense to talk to us at H&R Block. Our tax associates (an answer questions about: * Meal and entertainment expenses * Gain/losses from the sale of property * Business use of the home... « and more We have the experience and the tools to fight for every dollar...and every cent that's yours. Call or drop by: | 174 Perry Street, Port Perry (905) 985-9803 www.hrblock.ca | H:R BLOCH A DREAM [s ce Gift We Give Oursel TO ACHIEVE YOUR RETIREMENT DREAM, YOU NEED A PLAN. We dream of enjoying a wonderful retirement filled with family, friends and the chance to do exactly as we please. But to get there you need a plan; a plan for seeing beyond today's RRSP contribution to your total retirement plan. Balancing today's cash flow with tomorrow's need for a retirement nest egg sometimes seems like an impossible task. But it doesn't have to be if you take it one small step at a time. Putting away a little now for the future is a part of that plan. So is making sure your investments are working as hard as possible for you. And you'll want to protect that nest-egg by ensuring your plan aims to minimize taxes when the time comes to pass those investments on to your loved-ones. 145 QUEEN STREET, PORT PERRY : TM - Trademark of CIBC + { * - CIBC Trust is a member of the CIBC '1. , Group of Companies Only investing once a year could cost you down the road The cost of waiting to invest in RRSPs Are you one of those who only invest in your RRSP once each year? Every February you make a single investment, scrimping and saving to pull together as much cash as possible to reduce that income tax bill. Then you breathe a sigh of relief knowing that you won't need to think about RRSPs for another year. Well, did you know that there is a better way? Each spring Revenue Canada provides you with a Notice of Assessment . This notice accompanies the income tax refund cheque if you are getting a refund, or an income tax bill if you owe additional taxes. Look for yours from last year DB. GALLERY &K&ASSOCIATES INSURANCE & FINANCIAL PLANNERS 204 Casimir Street, Port Perry, Ontario LIL 1B7 Tel: (905) 985-4028 RRSP Tune-up Service Is your RRSP doing for you what you want? Barb Malone now to book your free consultation. Call and look at the top of the page for your RRSP Deduction Limit. Then begin immediately to make monthly install- ments for the upcoming year. You will be amazed at how much more growth you could receive by "investing monthly. For example, if instead of investing $6,000 each year, you invest $500 each month, you would accu- mulate an additional $6,057 over 15 years, $10,208 over 25 years and a whopping $16,306 over 30 years (assuming an 8 per cent annual rate of return). This calculation only demonstrates the effect of compounding over a long-term invest- ment. In addition you could also receive the benefit of dollar-cost- 00% MULTI-RATE GIC Term RSP Multi-Rate Rates 1 year 6.00% 2 years 5.25% 3 years 6.00% 4 years 6.50% 5 years 7.50% "First year rate. Includes 1% bonus when deposited in your RSP. Available for a limited time only. Guaranteed retums: 8% in the first year and an average of 6.247% over 5 years. Flexibility clause: the GIC Multi-Rate is redeemable after two years and at each anniversary date: Certain conditions apply. Interest rates subject to | change without notice. 1 Brock St., Uxbridge 905-852-3383 ey Since 1846 LAURENTIAN BANK OF CANAD tr i Oe El A ee rr ri (a wal 165 Queen St.,Port Perry "Subject to credit approval. Some conditions apply. prec ceacecceeey LX RX averaging in a fluctuating market which may improve these results fur- ther. So what are you waiting for? Start a monthly sav- ings plan today. You can even arrange for monthly payroll credits from your employer and effectively receive an income tax refund with each pay. If you are self-employed, you can also get an early start on your RRSP contri- bution through monthly installments. Let's make next year's RRSP season a non-event and boost the value of your RRSP by starting to save today. : John Walhout, CMA, CFP Balanced Planning Financial Group Prince Albert, ON = | | Considering a life-income fund for your | | retirement You may want to con- sider a life income fund (LIF) if you have a locked-in RRSP, locked- in retirement account (LIRA), or are entitled to company pension benefits. A LIF offers flexibility while helping funds last throughout your retirement years. Courtesy of, ~ Chris Hudson and. Mark Hlozan Investment Representatives of London Life and London Financial MONEY CONCEPTS email dnoble @accglobal.net Affiliated with Money Concepts Group Capital Corp. Down-to-earth financial management. Your terms, your comfort Money Concepts, 12 Main St. N., Uxbridge 852-3486 RRSPs, RRIFs, Mutual Funds, GICs, Segregated (guaranteed) Funds, Life Insurance, Annuities... Everybody's talking about them again, But do they listen to what you need?? Come Talk to Us WE'RE LISTENING! |