B4 - the Terrace Standard, Wednesday, February 16, 2000 (NC)-Many people have questions about Registered Retirement Savings Plans (RRSPs) at this time of year, Ed Legzdins, President and CEO, First Canadian Funds Inc. answers com: monly asked RRSP questions. Why should I invest in an RRSP? A Registered Retirement Savings Plan (RRSP) is an investment vehicle for retirement savings which is given preferred tax treatment. Jn general, when you contribute to an RRSP you can defer the tax payable on that money until it is with- drawn, and get an immediate tax benefit in the year you contribute. The other benefit of an investment within an RRSP is that it grows tax-free until the money is withdrawn. How much can | contribute to my RRSP? Each year, you can con- tribute 18% of your annual income, fo a maximum of $13,500, Your 1998 Notice of . Assessment from Revenue Canada will list our 1999 contribution imit as well as your total unused RRSP con- tributions from previous years. For other inquir- ies, you can contact Revenue Canada at 1- 800-959-8281. Are there different investment options for my RRSP? There are many ways to invest in an RRSP. but one of the most popular investment vehicles is mutual funds. The rea- sons for their popularity are simple. Mutual funds offer professional invest- ment management at an affordable price. There is a broad choice of funds to meet virtually every investment objec- tive. And the majority of mulual funds have pro- vided investors with solid returns better than what most individu- als would have been able to achieve on their own. How do | choose what to put in my RRSP? Your RRSP should include investments from all three asset classes - equities, fixed-income and cash type invest: ments - because a prop- erly diversified portfolio helps to enhance returns while effectively manag- ing risk. The exact com- bination of investments from each class is based on your goals and your tolerance for risk. To help you get the mix of funds that’s right for you, Bank of Montreal’s’ First Canadian Funds Inc. has developed MatchMaker. ifs a straightforward — ques Fred Lindsay* Frank Donahue* Frank Donahue Insurance Agency Ltd, Successful The biggest contribution to any RRSP ts good advice. RRSP planning depends making choices that match your long term goals. _Asa Clarica agent, I'll talk about your retirement - 7 goals; and then help you put t togethier- an’ RRSP “ . strategy that helps you achieve them. : . 114-4741 Lakelse Ave. Terrace, BC V8G 4R9 (250) 635-2387 — ™ A trademark of Clarica Life Insurance Company CLARICA® Investment and Insurance Solutions. Since +870. on DON’T MISS THE RRSP DEADLINE - FEBRUARY 29, 2000. Let us help you make the right RRSP decisions. Whether you're investing in Guaranteed Investment Certificates or Royal Mutual : YG Representing Clarica Life Insurance Company and *Clarica Investca Inc. Fin ancial Wizardry RRSP SOLUTIONS YOU CAN LIVE WITH For appointment please call 655-802 Funds, or considering Royal Bank Action Direct, our discount brokerage service, talk to one of our RRSP Specialists about all of the latest RRSP options. & ROYAL BANK 4640 Lakelse Ave., Terrace Ph. 635-8000 Fax 635-4625 — tionnaire that — shows you what type of inves- tor you are and then links you to a diversified portfolio of funds that meets your needs, When should I con- tribute to my RRSP? Many people make their annual RRSP contribu- tion in a lump sum pay- ment in January — or February - right before. = the deadline. Smart investors make regular contributions’ monthly throughout the year. Making regular small. fo “your contributions RRSP every month, makes investing simpler, money to . puts your work sooner and allows qe to smooth out mar: et fluctuations. The War Amps NEVER To see a video itnling, vial our Wet alts aL www. wa ramps.ca F 1 AGAIN! Video Scrics {k OF ariler n pamphlet by calting Eqs 1,800-250-3030, MATCH THE MERCHANT Information orovided by Bank of Montreal's First Canadian Funds Inc. - dedicated to making mutual fund investing less~ complicated. For more information, : visit any branch: or “call, 1- 800-665-7700, _ > News Canada Simple or Complex The choice is ‘ours! Types of RRSP‘s *Redeemable . - eLocked In Doh *Multiplier 90 * Primer «Members Choice BSC #Index Linked *Ethical Funds go Terrg ace & District Credit Union 4650 Lazelle Avenue Telephone 635-7282 open Fridays ti! 7pm! - instant - ‘os foac) of. - ~ low interest RRSP loans Discover the Difference at Terrace & District Credit Union -... One stop shopping al the Credit Union © includes: “© free “financial © planning services approval * instant fax receipts: Contributions for the 1999 ve taxation year can be made any time up 10 February 29th Beal the tax man and the rush, came in today. Your investment rate will automatically change with any increase to Feb. 29th we era Wt Far more ayanmationt, call ar prac: 4633 Lakelse Avenue, Terrace, BC (250) 635- 8900 ny . Hee | iOr camtne; HSL we wel unk.cajtrsp, “gall 1-800-9TL)-BANK, ar visit any brane! “Trakeemuh ol TO fink, 1 & t WE'RE HERE TO HELP MAKE IT EASIER! Tracy Lachance ® Bruce W, Hanks ¢ Theresa Melanson 4717 Lakelse, Terrace Ph: 635-6231 Fax: 635-4129 BIS AS SS SER A SE ER RN Ra RR RR Re ek Bo cee ee CS ee 302 - 4622 Greig Avenue Terrace, BC V8G 1M9 Phone: (250), 635-0601.: Fax: (250) 635- 0522. Toll Free: 1- 800- 76m | 1777 P Being limited to 20% foreign - content in your RSP could limit its potential return. We can show you ways to increase your exposure to all the world’s major markets. 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