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business and finance tribune january 221997 7 k t maximize your rrsp payment its a common situation registered retirement savings plan season rolls around and the money just isnt available to make your maximum con tribution if you find yourself in these circum stances there are two solu tions one short and the other long- term borrowing can be worthwhile many finan cial institutions offer their cus tomers rrsp loans at prime if the rrsp is held at the same institu tion there will be a non deductible inter est cost involved with the loan but it may be smaller than that inter est earned and the tax refund generated by the rrsp con tribution your banker can help you make this com parison taxpayers can still carry forward unused rrsp contribu tions from pre vious years if yourethink- ing of borrow ing consider your total eligi ble amount the tax return could be substantial and your rrsp will earn more tax- sheltered inter est the benefits of regular invest ing the best idea of all is opening a regular invest ment plan every month your bank can divert any amount from your savings or chequing account into an rrsp account it is easy and convenient plus its a good tech nique for maxi mizing returns whatever method you use make your rrsp contributions sooner than later a contribution made at the begin ning of the year has 12 extra months to grow taxfree inside your rrsp the financial planning group cordially invites you a friend to attend a free seminar on tax and estate planning with sig kusatz ca of kusatz and sharpley and eric button estate lawyer of button armstrong and ness when wednesday january 29 1997 730 pm to 900 pm where latcham hall park drive s stouffville rsvp steve 905 6428371 investois ginup david burke representative 6421027 rrsps estate and retirement planning attention serious investors michael comeau vice president and senior investment advisor of td evergreen investment services is available for consultation at the stouffville td bank branch td evergreen is a full service investment dealer and offers broad range of investment products and services including domestic and foreign bonds canadian and us equities over 400 mutual funds rrsps rrifs and resps free portfolio analysis investment advice and development of personalized investment strategies to book your appointment with michael comeau at the stouffville branch please call jim hassard branch manager at 905 6404000 or dave morrison branch manager at 905 6401372 or call td evergreen at 416 5122511 or 1 8003824964 td evergreen w e alt h manage m en t a pmma tfidsvrtrittr inc td evergreen investments services is a division o td securities inc which is a subsidiary of the toronto dominion bank member opf with our winter mortgage special get a new mortgage at renewal rates no application fees no appraisal fees 6 month through 5 year terms are available valid for applications received by february 14 1997 5 year conventional mortgages currently 7125 cmhc mortgages available rates subject to change without notice uxbridge credit union everything your financial institution should be 8523388 stouffville oxbridge tribune money talk an informative feature highlighting current investment tips tax saving tips and more giving our readers access to your financial services to advertise in this special section please call stouffville 6402100 fax 6405797 uxbridge 8529741 fax 8524355