Business TheReview Wednesday, October 30,1991 — A24

‘Los?’ savings bonds could be at your house

What have your Canada Savings buying a CSB. On the other hand,
Bonds done for you lately? Noth- if you pay off the debt and run-it
ing — if you are one of the up again, perhaps you would have
thousands of Canadians holding been better off to buy the bond. At
$170 million of matured, uncashed east you would then have some

os

make an RRSP contribution, keep regional director of the CSB pay-
some funds in a money market oll savings plan. “Last year 14
account, T-bill or term deposits, million enrolled and the average
_and also buy some CSBs. application was up to $1,588.”
Perhaps one of the strongest Having money deducted from

Theos oly =

CSBs. savings as well as the debt. practical attractions of CSBs isthe your paycheque is an ideal forced WINNERS TO DATE
Another $3.3 billion of bonds Making an RRSP contribution payroll savings plan. savings program. And you can | 282 Amount pain
— Series 39, issued in 1984 — could be another alternative “In 1972, 704,000 people in even claim the interest paid as a || June 12 $20 _-M. Wilson

mature this Nov. 1. Like their (although you could also put a Canada enrolled in payroll savings, tax deduction (the interest rate | ‘une 13 $20 9 MMunt

j i 3 $50 T Hubert
predecessors, these bonds will CSB into an RRSP). You save tax buying an average of $522 in charged is always the same as the une 13.20 B Burns

: 5 : Sse : innell
€arn no more interest after their now and your money will grow bonds,” said Bob Sutherland, a interest rate the bond pays). : ae i a Segienes
maturity date. tax-free. Hie AA
2 ingite!

So take a look through your thes 3 9 Suteer

safety deposit box or other reposi- = : ie en eee |
: é F z ul!
tory of important papers. Perhaps 5 June 23 $20  M Shackleton
P L pape. ap Bi

help an elderly friend or relative to une 2

20

21

22

23

24

25 $20 J. Weston _

26 $20 M. Sheperd
June 27 $20 A. Groteau

2

23

30

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2

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4

5

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7

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do the same. One of the people
who own those bonds could easily
be you or that friend or relative.
“With interest rates so low and
income tax rates so high, it really
~ doesn’t make much difference

1 Year Cashable

Guaranteed Investment Certificate

1.8/5%

*Cashable after 90 days for full value

$50 G. Coupland =
$20 G. Shook =
$200 M. Thompson
$20 H. Haynes

_ $20 T Scott

July $20 C Cyr
ae *Great Alternative to Canada Savings Bonds July = eee
anyway iS acomment I have been nS ee ae ae pees si 2
hearing lately. Rate Sub eciocGhange WihourNouse = Ju $20 A. Mitroll
ate Subject to Change Without Notice y
Not true. Let’s say you earn only 2 ) se ee

$20 G. Falick

GURNEY SMITH & ASSOCIATES LTD. ||

seven to eight per cent interest, pay

$20 L. Bryant |
'

July 10 $20 D. Bailey
petiaps leper cent tas endlso FINANCIAL CONSULTANTS » LIFE UNDERWRITERS lay 1) S20, E Danbrook
littl than f SUITE 6 - 9843 2nd St, SIDNEY (In Marina Court) 656-2411 July 13 $20 J. Benham
See ay cages A Treasury Billi can Jock aman 1205 C Verdier Ave, (Brentwood Boy Shopping Centre) 652-1482 my Ro Aaa
after tax. With inflation around. au g ymepeing July 15 $20 _T Hubert
: interest Tate typically between 30 Suy 16 20 L Griffin
five per cent, you are losing one d ‘done nea Tobille are July 17 $20 —_‘& Crofton
per cent of the value of your ae ae fF ae anna July i = oe
money each year. P y: quigs. yOu ay Me Sa Riba
But it you just put the cash YASS OF lose Se ne you Join the 130,000 other people in July 21 $20 G Reeve
u T Hubert
under your mattress — or neglect aes Coe ee ae STARTING A British Columbia who are running Buy 23 $20 G. Clifford
to cash a matured CSB — you y successful home-based businesses. ee ee
then earn nothing on your money, ee ay Taagkei fd 33 Sen Learn how to put your business uy 25 $50 =M Swallow
before or after tax. With inflation NOM y ; : Z : together or learn the things you a ze = Sey
at the same five per cent, your more [nid and will cay a corps never had time for when you started July 29 $20 9S Corman
Bee oad oon ae tlive interest rate. If rates start to your business. July 30 §20 J. Bylor
ee ae ae a pe climb again, you will eam a higher Topics Covered: aS Bee a
: : return. But if they fall, then you : 2 : ial ski Aug, 2 $50 Bruce
Talking of CSBs and income might wish you had locked in the ° Bee etenisaeee oS ae 5 = = neoee eo
tax, note that a $1,000 compound _CSB rate. - Planning your business ae 3 eee
¢ Introduction to marketing surveys : Al. z = Saures)
: f * Financial planning 9. be.
Having money deducted from Oe ee aa ea eee
fi 7 = 5 is 0 |. Eastgate
your paycheque is an ideal forced Workshop: November 4th & 6th incl. ee 0 Gi up
F | - : > Aug.-13 inner
savings program’ | 5200 9 100 Dm hia soo K Sares
= 1209 Glark Road, ~~ fug. 15 $20 Styles
: Brentwood Bay, TRAE Aug. 16 $50 H. Mah
: : Aug, 17 $20 ‘Mra. Winslow
interest Series 39 CSB will be Term deposits and GICs, SR ORe Ren Te eens = : aig 58 20D Bowler
worth $1,927.35 when it matures whether periodic or compound Sees registration ibaa. Spay 3) | tate
on Nov. 1. Even though your tax interest, allow you to lock in a USINESS Sponsofad by: Ag 21 2 Sr
slip will show $927.35 as interest, higher rate for a longer term. You NEO Minty ar Deval 2 , Aug. 23 $50 _N. Holloway
remember to deduct the interest can stagger the maturity dates to TRE eee ee Bis at) 2 oes
you should have been declaring protect yourself, no matter which EN in partnership wah Aug 28 2 2 Auesiaea
either annually or at least every way interest rates move. Saanich Peninsula Chamber of Commerce Aug. 28 $20 B Tumbull
three years since you bought the Or you could diversify: pay off ae ee es
bond in 1984. Then declare only some of you most expensive debt, Aug, 31 $200 S Campbell
the remaining interest when you a 1 2 = Sua =
file your 1991 tax return next Sept 3. $20 & Efe we
3 5 - Sept. 4 $20 B& J Polson
Spuue. Sept. 5 $20  M. DeBruin
Canadians clearly have a fond- 0 0 hy Ser 3 = 2 ay)
ness for CSBs; they hold a total of Wy | lL Sept 8 $20 Mr & Mrs. LA. Bailey
$32.7 billion at present. But when Sy Secs
you make a decision about buying y ey) odes 44 = i =8 i 2 R ere &B Isberg
CSBs, don’t confuse fondness Fp ant i AC Aen eee UES Te /| Sept 13 $50. Mc & Mrs. E. Enwin
wiih ERANes. : ¢ hike hed ASIN ecesiiNeLn F x e US yo UF S tor y: Set 8 as Ae
If you hold or buy CSBs, do so 3 | ourne ° Sep 16 $20 4 Huumonen
for a specific reason — for the emor C S Ip ale If you have a story to tell, now is your Say M. Powel =
safety, flexibly and, if rates con- Sa TOT ay “a el (i: chance. = ae 520 Soe
HIS 19 GfOD, We wie giewanies, POR hit , Ne alee IN In 300 to 500 words tell us about your S22 2 se virem
BUI ANAS JOO.< a ine Aleraneyes re au ‘i y " ek le most memorable journey, and we will Sept 23 $20 P&T Browett
many financial AnsRinuous) Cont: ae Si publish it in either a special edition of Seer 2a 60h Shane
pete with CSBs by offering similar EP lie 1p) a The Review or future Review features. S33 aes
Sains suilitueher reluns = These stories can be actual occurrences a 2 ee ieee
Paying OL Credit ead eo) or if you have an active imagination you Sa ea epee
makes more sense financially than could tell us about a journey you've Oc 1 $20 Bi Caird
dreamed about. Ce ee ene
The subject matter must be about some Get 0 ee >
& form of trip or travel. ; Oct 6 zo 2p
mas flown esting All stores received will become the pro- ee ES Ree
inves about some memorable perty of The Review in which case they one EME lang
SUES ace compel may be edited for publication. Oct 11 $50 _D. Marnell
Ae Sen from the people ° Oct. 12 $20 J. Christman
py Saanich Peninsula. Oct. 13 $20 D. Horne-
he Oct. 14 $20 N. Baziuk
z The + ; d = | | | | Od. 15 $20 J Grypma
RevieW | And we will te ove 18
Special Edition | the wo rid | Oe 8 se eee
y : z Oct. 20° $20 B. Brackenbury
: T Bel
DEBORAH GRAY —_ . Oat z 0 L Eton
: < e Oct. 2: json
CONDO RESALES Deadline for stories is Friday, Nov. 8, 1991 Oa 2 0A Soke
TOWNHOUSES : : Srloneuiy:
NEW PROJECTS Send your stories to: | —
Be one step ahead and get on morable Jou rnevs
my list for up to date info. on Most Me . y : apNNERS :
these rare properties. : c/o The Review :
] ORE —
‘Call Deborah Gray P.O. Box 2070, Sidney, B.C. V8L3S5 | A BOOKSTORE & Mi =
2 H O s S
he ee Or drop them off at: The Review Office - 9726 First St., Sidney theReview | —