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wi-rf- p8 tribune january 31 1996 st rrsp provides more than shortterm tax break some investors only look at the shortterm tax break that an rrsp can provide they are usually younger investors who are not yet concerned with their retirement the smart investor on the other hand also sees the long- term benefits of accumulating assets in a taxsheltered plan investing in an rrsp over a long period of time makes sense the longer the money stays sheltered from taxes the greater the earning power of your investment how many investments allow you to do that consider what an rrsp can do for you suppose you con tribute 1000 a year to your rrsp for the next 30 years and earn on average 10 per cent compounded annually in 30 years you would have accumulated 165000 at 12 per cent your investment would be worth about 240000 had you invested outside of an rrsp your nestegg would be worth much less your 30000 principle invested make rivsp house calls donna painter when it comes to doing something as important as planning your financial future it makes sense you should be where youre most comfortable either at your home or your office which is where i come in ill help you plan everything from reducing your taxes to wealth building investments to a comfortable retirement all at the place most convenient for you why because youre worth more at 10 per cent compounded annually would accumulate only about 79000 even if your average rate of return was 12 per cent you would only accumulate about 98000 assuming a tax rate of approximately 40 per cent theres a reason for the dramatic difference assuming you are in a 40 per cent tax bracket the 1000 you invest each year outside of an rrsp is worth only 600 further more you 10 per cent return is in reality only six per cent because you are also taxed on the interest the rrsps strength is its compounding effect over a long period of time coupled with a high rate of return a tax- sheltered investment such as an rrsp will play a major role in guaranteeing an investor has enough savings to support their financial needs during retirement when considering an rrsp the smart investor will seek out a highyielding investment while guaranteed invest ment certificates gics offer low rates of return the best bet lies in equity or growth mutual funds they are profes sionally manageddiversified and liquid while it is almost impossible to predict the performance of equity funds they have historically performed far better over the long term than more conservative investments the sooner you begin investing in an rrsp the longer and faster your money will- grow this article courtesy of ron gerry an independent finan cial planner with tlte financial planning group in stouf fville 9056428371 get your just call me at 9057378966 9056493417 j investors fif group yarmwdimimoia lnvrtor stomp hnvktaj swwr in money gah back h r block 24 hours some restrictions may apply 20 freel lane behind go station stouffville 6422927 65 brock rd uxbridge 8527409 the financial planning group f brian costello vide maximum wealth minimum taxes book a complimentary financial review with ron gerry and receive free the brian costello video maximum wealth minimum taxes make an appointment today reserve your copy of this exciting video a must for rrsp season supplies are limited so call ron today for further details 905 6428371 imperial centre 37 sandiford drive suite 204 stouffville 9056428371 if town of whitchurchstouffville 1996 interim tax bills 1st installment due february 16 1996 2nd installment due may 24 1996 interim tax bills have now been mailed ratepayers who have not received their bills should make immediate application to the municipal tax department the penalty charged for nonpayment of 1995 taxes is one and onequarter 1 14 percent imposed on the first day of default and on the first day of each month thereafter failure to receive a tax bill does not eliminate the responsibility for payment of taxes nor the penalty charges for late payment tax payments may be made by mail or in person at the town office and at the following ci bc locations stouffville 6311 main street aurora 15195 yonge street newmarket yonge davis drive bank payments are to be made to a ci bc teller only during regular business hours payments will not and cannot be accepted through the instant banking machines individual banking fees may apply town office hours monday to friday 830 am to 430 pm 6401900 8952423 box 419 19 civic avenue stouffville ont l4a 7z6 i after hours mail slot main entrance ruth armstrong amct cmtc tax collector notice of intention to designate a property including land and buildings of architectural and historical value take notice that the council of the corporation of the town of whitchurchstouffville intends to designate the following property as a property of architectural and historical value or interest pursuant to the provisions of the ontario heritage act rso 1990 chapter 018 part iv the whitchurchstouffville museum historic buildings the vandorf public school the bogarttown schoolhouse the log cabin the barn the brown house the outhouse 14732 woodbine avenue part lot 17 concession 3 former township of whitchurch plan m41 part lot 2 rs65r5720 part 1 town of whitchurchstouffville regional municipality of york reasons for the proposed designation can be obtained by contacting the undersigned at 905 6401900 or dorie billich curator whitchurchstouffville museum at 905 7278954 any person may before the 1st day of march 1996 send by registered mail or deliver to the clerk of the town notice of objection to the proposed designation together with a statement of the reasons for the objection and all relevant facts if a notice of objection is received the council of the town of whitchurchstouffville will refer the matter to the conservation review board for a hearing and a report dated at the town of whitchurchstouffville this 25th day of january 1996 michele kennedy clerk town of whitchurchstouffville 19 civic avenue po box 419 stouffville ontario l4a7z6 published january 31st 1996