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12 stmflsuntribunew saturday march 3 2007 cancer fighters needed use your cancerfighting powers by spending three hours selling daf fodils or canvassing door to door in your community during daffodil month this april the money you raise helps fund lifesaving cancer research and vital support services call 905- 2945925 or go to wwwcancerca help at blood clinics canadian blood services is looking for customer service volunteers week days at stouffville area blood donor clinics service groups welcome call 4163134641 or 18007017803 ext 4641 for more information volunteers wanted visit stouffville seniors do you enjoy people like to have fun got a couple of hours a week to spare volunteers are needed in the stouffville area to provide friendly vis its to seniors in their homes chat play games together share a pot of tea its up to you seniors are on a wait ing list theyd love your companion ship call community home assis tance to seniors chats at 905-713- 3373 ext 6069 welcome to canada dont let your dreams go up in smoke quitting saves more than your life calculate how at cancerca smokershelpline canafjlan carscett society 1 s77 5 1 35333 this message brought to you as a community service of the economist sunsuntribune miriam kauda 13 of the watoto childrens choir laughs it up at willowgrove education centre in while taking part in canadian winter fun tuesday the 18member choir from africa spent a few hours with children from willowgrove primary school enjoying such activities as snowshoeing tobogganing and quinzhee building before their concert that night at stouffville pentecostal church you want the best for her but your best may not be enough anymore to find out about notforprofit long term care housing and services for seniors in your community connect to wwwoanhssorg were here for you this message brought to you as a community service of the economist sunsuntribune 3 ontario association of nonprofit homes and service for seniors fflm mgm m m r smmsm taxinvestment tax planning beyond your rrsps now that rrsp season is offi cially over and you are no longer able to use our current money towards last years taxes it is not uncommon to wonder if there are other ways to protect yourself from the tax man thankfully there is most mutual fund companies have built a unique mutual fund structure that works as a tax pref erential investment vehicle by taking advantage of this unique opportunity canadians have the chance to invest their nonregis tered savings or investments into a vehicle that has the potential to avoid incurring taxes on the interest they earn on an annual basis heres how it works these types of mutual funds are struc tured as a corporation rather than a traditional mutual fund trust this enables investors to make investment decisions with out being affected by tax concerns and benefit from tax deferral and increased compound growth over the long term there are three primary bene fits to investing your nonregis tered money in one of these types of vehicles the first is that you are able make switches with in these specific funds without triggering capital gains or losses a taxable event occurs only when investors redeem from the cor poration you can move your money from low risk to high risk and back to medium risk levels without having to move it out side of the corporation the sec ond benefit is that you are able to defer taxable income from your funds to stop annual taxation from t3s and t5s capital gains and losses can be timed to mini mize taxes finally the third pri mary benefit is that you are able to convert interest income in the portfolio to taxefficient capital gains the taxable event only occurs when investors redeem from funds heres a very practical exam ple of the power of tax efficiency inside of this type of mutual fund structure if you were to earn interest income of 10000 from your existing nonregistered portfolio and you are sitting in a 36 tax bracket you will only be left with 7400 after you pay the government the 3600 they require however if you were to earn mat same income inside of the investment vehicle men tioned above you would be left with the full 10000 income and would then earn interest on that money the year following as ment strategies to families in the markhamstouffville area greg can be reached at 9054798238 or s r e g h o i oh a n scotiamcleodcom and chris can be reached at 4164665858 or opposed to only earning interest chrissafebridgefinancialcom on the remaining 7400 ideally a product of this nature is best suited for high income earners those with little or no rrsp contribution room small business owners with cash inside of their business who do not want to pull it out personally and any one with a current savings plan outside of their rrsp account this opportunity can be owned either per sonally or corporately whichever makes the most sense for you and your particular situation greg holohan is an investment executive with scotiamcleod and chris karram is a financial consultant with safe bridge financial group together they specialize in providing unique invest ment insurance and retire- scotiamcleod is a division of scotia capital inc member cipe this article is for information purposes only and should not be considered as personal invest ment tax or pension advice 710 monthly income rate guaranteed for life capital secured call today for more information greg holohan investment executive 9054798238 675 cochrane dr suite 1 15 markham on l3r 0b8 safebridge financial croup vtm fwr returns wd otter depending on age sex at bracket heasi smoking satus and prevasng interest rates urhen discussing lit insurance products sccmcuod aawors are acfaig as vie undetwisers representing scotameod financial services ontario inc scoeamdeod firaroil services oitario inc s an itsurartt sobsicbry d seen cap v a pect tov hrojc scotauclecd financial strvir ontvto ttobarofascctscofawaeajisadrotorsccm