mer eS il Sir i nea Se ilar tras i Pe REAP RRS ape epee Waly _ Wi ei a af t cif ii a RF i f i if | Hf gk 7 | my + 4 lt [ 7 bank mated to have cost $1 billion. Ht Wii ati ff int? a, il tial fenton ee HOUSE GUESTS . . . Every gingerbreod There's always an abundance of cookies for young cookies’ and Darcy leith ona and both guests at Easter Seal House. fn Sate te Secale se remees costly to government S3SNIDN ONW ZINVENSN! Nv WOINY — 26>) ONVEASNI 30HO9 ; E F i ; a g i 5 i i i HI jit aii BET | nh : | ane ta fil BM Re his: Hy ub . cae fs r ilhte) Haiti ii i rag g LS eé $3 bulk i thle Si 3 iti sie 98, Halds useysay WIV) JOWELL AVNILOON 1S3M ”" | AUWSUIAINNY UOT overs =" SNOHE HO PHE NLA "°@ ‘s2Bepee> “tit "Og — SWVII0 BOs GMD Su0}] PYeS 2060qs0> 4q posotuods 12 judy “ung 0 ¢7 judy “uy xejdwo> 10604805 ch i ne mi Ei ney tre : if ‘ail tlh ait s8z8e esigesd = Fs i He Bll bn a ss Fa rate ey 8e8n BOI nase Tears were not appropriate when the bulldozer’s blade encountered Vancouver's modest old Easter Seal House a few weeks ago. That was because there's a splendid new 53-room Easter Seal House taking its place thanks to the money-raising efforts of Lions Club members in British Columbia. Operated by the B.C. Lions Sociedty nd Crippled Children, the new $3 million house is to help sick and injured children and amanalion of their families who are forced t6 accompany them to Vancouver so they can benefit from sophisticated medical care. The Lions first recognized the need 30 years ago when they bought the original Easter Seal House. No more than 10 guests could be squeezed in at a time but over the years th di from {Y — {J Castlegar — have found sanctuary within its walls. Last year, for example, the house doors jumped open 27 times for visitors from Castlegar. Similarly there were the Lions get new house 19 such visitations from Trail and 13 from Nelson in 1985. The new house, with 15 times the guest capacity of its pred , assures for all comers for many, many years to come. To Brian and Elizabeth Common, the couple who have been managing Easter Seal House for the past nine years, must go much of the credit for creating the atmosphere of warmth stricken families seek to help them through their troubles. The Commons married rather late in life and never had any children of their own. Not , they happily boast of their having the largest family in B.C. Many of the children who stay at the house with their parents are out-patients undergoing chemotherapy. Often they must stay for many weeks at a time. For children there is no charge and the fee for an accompanying adult is $10 per night. The Lions bridge between and ry. The average baby born toa teenager in 1985 will receive $15,620 in government sup- port by the time it reaches Ministers hold meeting 7 Castlegar Ministerial lated items on the agenda. ified i: ai FOR TAXPAYER NVUNSNI 30HO9 MaIM VW SAVO XIS N3dO NVUNSNI JOHOD soBoyso> ‘soous yin - £T11 9861 ‘9% Asonaqes ‘Aopsoupem 0; yBnosys 9961 ‘61 Asonugey ‘Aopsuny, = 00-01 9p On) 18010) © eyy V1 8.316086 @ (peaunve>) ADPINOS ¥ OW 0} S8%0n siUEM Ayios0g ‘eyo 1 000d © seyew 108 foes s 4 : 4 “yeouoo ®: © seyeiqee0 swede "ey AOS cing sOvia ongiaaN re teu 109 9861 ‘9% Asonsgey ‘Aopseupeyy 04 yBnosys 9961 '6| Asonugey ‘Aopsiny) ‘vey | ry young pewun BAER, oy) 18 eo1se8 vee) RRSPs a good plan By EUGENE ELLMEN Press ‘Tis the season of the registered retirement savings plan, when banks slug it out for your tax-deductible savings By the time this person reaches 65, he will have accumulated about $700,000 in the plan. However, if he had started contributing to the RRSP only five years earlier, at age 25, the plan would have an i $399,000 — on an additional dollar. But all the hoopla and advertising beg the Are retirement savings plans a good place to put your money? The short answer is probably yes. Tom Delaney, an independent financial adviser and for the C of Canada, says most taxpayers can benefit from RRSPs. The reason for this is that the Canada Pension Plan — the government-funded pension — will provide you after age 65 with only a small percentage of the income you earned before you retired from your job. DEDUCT PAYMENTS An RRSP is a tax shelter provided by Revenue Canada to give people an incentive to save money for retirement. Within certain limits, you can deduct contributions to an RRSP for yourself or your spouse for tax purposes. Once retirement is reached, the savings can then generate a regular income. Banks, trust companies, brokerage firms and insurance companies flog their RRSPs so that depositors can meet the government-imposed deadline of March 1. After that date, depositors can't claim their RRSP premiums against 1985 income tax. RRSPs are big business. In 1984, for example, the Department of Finance estimates there were 12.5 million RRSP plans in existence. In 1983, the latest year for which tax statistics are available, Canadians contributed to more than two million plans amounting to a whopping $5 billion. MOST CAN GAIN Citing a 1979 study for the Finance Department by economist Michael Wolfson, Delaney said anyone earning more than $10,000 annually — which represents 70 per cent of income earners in Canada — can benefit from an RRSP. In fact, Delaney adds, “failure to do so is going to cost them dearly.” This is because RRSP savings accumulate at a much faster rate than non- RRSPsavings. Income after retirement, even considering lower tax rates, could be 25 to 50 per cent lower than before retirement for this 70 per cent of income earners, says the Wolfson study Even some of those earning less than $10,000 can benefit if they make enough money to save and pay taxes, Delaney added. investment of only $15,000. That would put the eventual retirement fund at more than $1.1 million. The Wolfson study found that, for the top 10 to 20 per cent of income earners, RRSPs are more attractive in terms of after-tax rates of return than an owner-occupied house. The reason for this is that higher-income people pay higher rates of taxation, so the annual savings are proportionately greater. jation held its monthly meeting Feb. 11 at the Fire side Inn banquet room. Nine of the 13 ministers were present to hear a guest speaker representing the Ministry of Human Re sources. Elsie Schwartz shared with the mini the prob- iF i pil i Following adjournment, the ministers and their wives joined for a time of eevee Learn To Fly For Pleasure or Career PRIVATE AND COMMERCIAL PILOT COURSES ADVANCED RATINGS Night, Instrumental, Multi-Engine, Instructor lems and situations of tran sients. Following the guest speak- er, the normal business part of the meeting proceeded with discussion of the Min- isterial sign that was dam- aged, SunFest, Raspberry Lodge, old business arising from the minutes, special events happening at the var- ious churches and other re- Delaney says it's important for tax-paying C: with money to spare to contribute to an RRSP because of the immediate tax savings and the potential to maintain income in retirement years. Murder statistics released in report OTTAWA (CP) — Mur. Prince Ecward Island was derers are usually single, the only jurisdiction where caucasian men between the ages of 20 and 39 who shoot victims fitting the same des. The report confirmed ear- cription, the Canadian Centre _ lier published statistics show- for’ Justice Statistics reports. ing a slight dip in the national Of the 667 homicides com- homicide rate in 1984, the mitted in Canada in 1984 men first decrease since 1980. The were seven times more likely 667 killings in 1984 were 2.2 than women to be the murder per cent below the 682 com suspect and twice as likely to mitted in 1983. be the victim, the report says. WATCH FOR Firearms were used in OUR NEW more than one-third of the ! murders, manslaughters and LOCATION!! infanticides, while stabbings K's GREENHOUSE and beatings accounted for & SUPPLIES almost one-half of the total. Shooting was the principal method of killing in the At- lantic provinces, Quebec and Ontario, but was less pre. NEXT GROUND SCHOOL STARTS TUESDAY, MARCH 4, 1986 START YOUNG valent in the western prov. Here's an example of how RRSP earnings can increase: inces and the territories Consider a 30-year-old taxpayer in a 35-per-cent tax where murder was more bracket who has $3,000 a year to invest in an RRSP earning likely by stabbings and beat nine per cent interest a year. ings. Newspapers NEW IN TOWN? LET US PUT OUT THE MAT FOR YOU! ULFIdWOD V ONIDIAONd ASV3 JONVENSNI ONIANE INWW IM. wBeyss0> ‘000s Wir - (E11 JDABS IONVENSNI ONVYNSNI 30H09 ( Wa tum seuoiew spur syewive Newspapers are a_ valuable catalogue or shopping guide, enabling @ people to “shop” from the advertising. as. Castlegar News apy : 8 Hed Z seit? o 5: Display Advertising 365-5210 SEE em 58 He it erty agit sfzece? H $588 Bo 4 oe "eseesoeenten Hiss pally 3.9823 ? He 8 i meg noreeenrg ncorers ot Trail - Fruitvale - Castlegar - Salmo - South Slocan » Nakusy aver» Wancta Plaza - Kasho