— FINANCE

By MURRAY OXBY The Canadian Press

How do you spell tax relief?

For many Canadians, it’s R-R-S-P.

Registered retirement savings plans have been popular for years because they reduce income tax.

Provided by the federal government since 1957

a

Chris Watson, the bank's marketing manager for

insurance and brokerage firms: They involve-—— ranging from a simple bank account to

to encourage people to save for RRSPs are one of the few tax breaks available to the average person.

But while paying less tax is the big draw, financial advisers say people shouldn't forget the other main benefit of RRSPs: tax-free compound interest.

The CIBC calls it ‘the single most powerful tax- sheltered investment vehicle available."’ ~ ‘You get interest on interest and over time that can amount to a substantial sum of money,”’ says

stocks and bonds.

Your taxes are reduced because the money invested now in an RRSP is deducted from income. The money is taxed when it’s withdrawn from the plan.

That means income taxes are deferred to the retirement years, when your income will presumably be lower and the RRSP money will be taxed at a lower rate.

Because the government allows contributions

Experts say everyone should invest in an RRSP

made to a plan by March | to be deducted from the previous year's income, the first two months of the year have become ‘RRSP season"’ as people rush to save on the income tax returns they'll be calculating a few weeks later. 1

The amount by which an RRSP reduces taxes

~ depends on the amount contributed and the tax rate,

which varies by income and province.

Fi ‘experts say people should try to put in the full amount allowed every year, not just to save taxes but to maximize the investment inside the RRSP tax shelter.

Taxes can take a huge bite out of interest income.

As an example, someone who invests $2,500 a year in an RRSP every year for 40 years ($100,000 in total) at an interest rate of 9.75 per cent will end up with more than $1.1 million.

‘The same investment outside an RRSP — after being taxed at, say 35-per cent — will generate only $291,212 after 40 years,

And

problem y people don’t get around to thinking about it until they’re in their 40s,"" Pape says.

The most that can be contributed to an RRSP for 1990 is 20 per cent of earned income to a maximum of $7,500, However, if you are a member of an employer-sponsored pension plan, the limit is 20 per cent of earned income to a maximum of $3,500, minus the contributions you made to the pension plan.

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9:00 a.m. Lion's Park

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Rebels end losing streak

streak in the Kootenay Inter- national Junior Hockey League.

But the winning feeling didn’t last long as the Rebels lost 7-2 Sunday at the Complex to the league-leading Columbia Valley Rockies.

“It feels good to win fnally,”’ Rebels defenceman Dave Cammock said.

The last time the Rebels won a game was Nov. 17 in Cranbrook against the Colts.

But the winning streak was short lived as the Rockies overwhelmed the Rebels in Sunday’s hard-hitting emotional game.

“Yeah, we definitely wanted to hit them lots,"’ said the Rockies’ Todd Bell, who had four points in the game.

No one felt the intimidation more than Rebels goalie Matt Kolle who was knocked down repeatedly by the Rockies.

The Rebels were down 2-0 after one period.

Dustin Rilcof, a Castlegar Midget Reps player called up to the Rebels, Pulled the team to within one on a setup from Remi Lavallee and Dave Healy less than a minute into the second.

However, it would take about 20 minutes and four goals against before Lavallee gave the Rebels their second goal late in the third.

In Saturday’s game, Lorin Healy’s quick catching hand repeatedly th- warted the Colts attack. Healy stop- ped 47 shots while his opposition

turned away 27,

“Lorin, when he’s on his game, he’s definitely a factor all the time,” said Rebels coach Ed Cooper. “(When he’s) standing up and cut- ting down the angles with that big body of his he takes up a lot of that ne.”

Colts coach Merv Haney agreéd that Healy’s performance was spec- tacular.

Trailing 1-0 after one, the Rebels got things going on Lavallee’s 14 goal of the season. Mike Hunter got the assist.

‘The Rebels took a 2-1 lead midway during the second on Corey Ross’s 11th goal of the season, assisted by Lavallee and Dale Bonderud.

Chad Alderson made it 41 with his ninth and 10th of the season.

» Cranbrook got one goal back late in the third but couldn't get the equalizer,

Notes: Six fights took place over the weekend, with the most descisive Rebel win going to Cammock on Sunday.

The Rebels defenceman went to Kolle’s aid after the goalie was inten- tionally flattened by Rockies forward Kevin Cox.

“All night long. they (Rockies) were going at the net hard,’’ Cooper said. ‘And I don’t think the referee was protecting our goal-tender. Dave set a tone at the beginning there."”

Cammock, who was trailing Cox on the play, never hesitated after Cox hit Kolle in the head with his stick and skates,

“Earlier in the game the goalie (Kolle) stuck him (Cox) in the face,”’ Cammock said, ‘So he said he was going to hurt our goalie. So, when he ran our goalie from the hash- marks and struck him in the face, I pekit-tad my gloves and went at

im,""

Cammock threw several punches to Cox's none.

Cooper will have to wait to see if any of his players earned suspensions because of the rough weekend.

The Rebels are back in action Feb. 1 after a break for the all-star game.

Ollers 4 Kings 2

Flyers 4 Flames 3

By STEVE PEDEN ‘Staff Writer

Bob Tory, ‘assistant general manager and chief scout of the Western Hockey League’s Por- tland Winter Hawks, was in Castlegar over the weekend to watch Dave Cammock and Lorin Healy of the Rebels play.

Tory’s arrival coincided with the Rebels snapping a 13-game losing streak with a 4-2 win Saturday over the Cranbrook Colts at the Community Com- plex.

Cammock’s stingy defensive style and his improved skating, plus Healy’s stellar performance in net, pleased Tory.

“Certainly, they have both im-

Prospects looking good

proved immensely,’”’ Tory said. “‘In Lorin's case, it was very im- portant for him to get in somewhere where he was going to play a lot and face a lot of rub- . ber.””

Healy turned aside 47 shots Saturday.

“Yeah, it was nerve wracking at first,"” Healy said, referring to Tory’s presence in the crowd. “Obviously you have to play good and try to impress them.’’

Cammock also realized he needed a strong performance because the scouts don’t come by that often.

The Winter Hawks have the WHL rights to Cammock and Healy, who played as many as 10

games for Portland at the begin- ning of the year and it’s possible both will end the season there.

The only thing preventing the pair — known as “‘affiliated players” — from playing is their schooling.

Healy has already made arrangements to end the 1990-91 WHL season in Portland. Cam- mock is unsure where he'll be.

“He's told us a couple times me and Lorin would be heading up there around Feb. 18,” said Cammock, who leads all Rebels defencemen with 26 points and who had two assists i brook game. ‘But it depends on

Capitals 2 Red Wings 1 (OT)

Sabres 6 Bruins 4

the other scorers for the Sabres. Islanders 3 Rangers 2

Penguins 5 Devils 3

‘Lindros Bowl’ ends in tie

Mats Sundin didn’t mince words when asked for an assessment of Tuesday's battle of the NHL's basement dwellers.

“Both teams were quite bad,"’ said Sundin after his second goal of the game rallied Quebec to a 4-4 tie with Toronto. “I think this game really shows that we're two last-place teams."’

It wasn’t an exercise in futility, but the visiting Maple Leafs and the Nordiques remained knotted for last overall, with 29 points apiece. The game had been jokingly dubbed by some as the Lindros Bowl, a reference to junior sensation Eric Lindros. The hulking centre is certain to be selected first overall in the NHL draft in June and the

Nordiques and the Leafs are the leading contenders to finish 21st.

Goaltender Bill Ranford showed last spring's award-winning form while Mark Messier and Esa Tikkanen each had 8 goal and two assists as Edmonton moved within eight points of front-running Los Angeles in the Smythe Division. The only goals Ranford gave up came on breakaways by Luc Robitaille and Tony Granato.

Brian Bellows scored twice as Minnesota beat St. Louis for the first time in five tries. North Stars winger Brian Propp had one goal and two assists, giving him 902 Points in his 12-year career.

Washington’s Calle Johansson scored at 17:48 of the third period to tie the game and Mike Ridley netted the winner at 3:08 of overtime. The victory gave Washington coach Terry. Murray a 3-0 season advantage over his brother, Detroit coach Bryan Murray.

Buffalo trailed 3-0 but erupted for six consecutive goals for its fourth straight win. Dale Hawerchuk scored twice while Mike Hartman, Christian Ruuttu, Dave Snuggerud and Dean Kennedy were

Patrick Flatley’s winning goal at 5:55 of third Period helped the Islanders withstand a late goal by Rangers centre Bernie Nicholls, who later suffered a dislocated left shoulder.

Mark Recchi scored twice 17 seconds apart in the first Period as Pittsburgh extended New Jersey’s winless streak to 11 games.

our ing. If ing is a Problem with me I might just head home (Williams Lake, B.C.)

-Juniors show lots of intensity .

By CasNews Staff

The agony of defeat was expressed clearly on the anguished faces of the Stanley Humphries secondary school junior boys basketball team after losing to Trail 27-24 Saturday in the final of the Junior Rockers In- vitational.

Going into the final quarter, Stanley Humphries trailed J.L. Crowe 25-12, rallied but fell three Points shy at the buzzer.

“One of the drawbacks to the final game was that we took too many outside shots,’’ said Jr. Rockers coach Doug Hickey.

Inconsistent shooting and not adapting to Trail’s defence caused problems for the junior team, Hickey said.

“At times Trail played a style where~ they packed into the key, giving the outside shot,”’ Hickey said. ‘‘My kids didn’t recognize it.”’

Marcel Dusseault scored nine Points for Stanley Humphries.

J.L. Crowe coach Daryl Graf was pleased with the defence of his team and like Hickey was not terrible impressed with the offence.

“Castlegar always seems to give us trouble,” Graf said. ‘‘But 1 must say we were trying to execute different things out there to see what we can and cannot do in preparation for the big one (West Kootenay Regional championships)."’

The Jr. Rockers earned a berth in the final by edging Cranbrook 49-48,

Bob Bauine led Stanley Humphries with 15 points.

In the first round Dusseault’s 15 points paced the Jr. Rockers to a 48- 16 thumping of Beaver Valley.

intensity grips the faces of the SHSS players with seconds remaining in the final. SHSS lost 27-24 to J.L. Crowe in the Final. —cosnews photo by Steve Peden

Sandman pulls even

By CasNews Staff

Three goals in the last two minutes of the game kept Sandman Inn on even. . terms. with Woodland Park Shell at the Community Complex as both sides skated to a 10-10 tie Tuesday in Castlegar Recreational Hockey League action.

Shell was involved in another high- scoring affair Friday as it beat Hi Arrow 13-7 at Pioneer Arena.

Hi Arrow rebounded from Friday's loss to beat Banjo’s Pub 12- 8 Monday at the Complex.

Cory Day got things going for Sandman in Tuesday’s game with his first of four goals at the 4:30 mark of the first period but Shell’s Dean MacKinnon evened the game at one less than a minute later. Bruno Tassone got the assist.

Day, with his second, and Lyle Stoushnow and Bill Nazaroff scored for Sandman in the first. Responding for Shell were Grant Pilla and Tassone, who went on to score four goals in the game.

Shell took a two-goal lead after Tassone scored the hat trick at the 6:55 mark, just seconds after Dean MacKinnon made it 5-4.

Both sides scored once more and Shell went into the third leading 7-6.

It took very little time before MacKinnon put Shell back in front by two 34 seconds after the faceoff.

Stoushnow responded at the 2:10 mark of the third to bring Sandman within one, but two goals three minutes apart gave Shell a seemingly insurmountable lead.

But Darwin Anderson scored twice for Sandman with less than two minutes left in the game and Day rounded out his four-goal outing with 10 seconds left to tie it.

In Mondays game, Lorne Ander- son put Banjo’s ahead 1-0 at the 4:04 mark of the first but Kelly Keraiff

tied the game for Hi Arrow less than 30 seconds later.

Banjo’s took 4-3 lead late in the first when Tony Da Rosa scored with just tWo minutes left in the period:

With under three minutes left in the second, Gary Sauer gave Hi Arrow a 7-6 lead and George Rober- ts widened the gap to 8-6 with 47 seconds left in the period.

Steve Simonen made it a three- goal difference less than 30 seconds into the third.

Doug Knowler and Vince An- tignani Jr. pulled Banjo’s to within one, but three goals in the last four minutes of the game, with Keraiff’s sixth goal less than a minute left, Prevented Banjo’s from moving fur- ther ahead in the standings over second-place Hi Arrow.

On Friday, four unanswered goals in the first period gave Shell a 5-1 lead after Hi Arrow’ Simonen started the scoring less than a minute into the game.

Shell continued its route in the second. John Obetkoff and Tassone scored less than three minutes apart early in the second, countering Dave Terhune’s first-minute goal for Hi Arrow.

‘Roberts and Rod Zavaduk responded for Hi Arrow but two goals by Dan Walker restored the five-goal lead going into the third.

Less than a minute into the third, both sides scored with Roberts get- ting his second of the game followed by Ross Berkey maintaining the five- goal difference.

Obetkoff scored at the 18:37 mark to give Hi Arrow a six-goal lead.

Action resumes Thursday in the CRHL as Sandman takes on Hi Arrow at the Complex. Banjo’s and Shell face off Friday at the Pioneer Arena.

Canucks hope trades will spark the team

their current slump, Castlegar’s Steve Bozek Monday.

In the past two weeks, the Canucks sent its third-leading scorer,

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centre Brian Bradley, to Toronto for defenceman Tom Kurvers. Canucks

‘and has 11 goals and 12 23 points, said only time changes will help the wcks are 1-8-1 in their

rit? 4H JiskF

is @ proven NHLer,” “He's a good defen- point-man and should on the power play. Our "t been doing all that

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well and you need to score goals when you have the man advantage.”

Against Winnipeg Jen. 16, the Canucks had -a five-minute power ‘play during the last seven minutes of the third period and were unable to score.

Bozek said the feelings of Van- couver’s top players is reflected in the on-ice performance.

“If the main 10-15 guys out there are playing well, then the rest_play well,"’ said Bozek, whose speed has earned him a place as a specialty player when the club is killing penalties. “If these 10-15 guys aren’t playing well the rest don’t have good games either.”

the Canucks defence

eee

bolstered by Kurvers and Diduck’s Stay-at-home defensive style, the Canucks can start focusing on its of- fence.

Petr Nedved, the Canucks’ top pick in the 1990 amateur draft, will ‘definitely get more ice time with the departure of Bradley, Bozek said.

“He's a good player and he's definitely going to get the chance to Prove it now with Brian gone.”’

The Canucks hope Nedved will come into his own during the team’s last 32 games and will help provide the offensive punch the club needs to beat Winnipeg for the final spot.

Bozek said his own performance on the ice has been steady, but being ‘on the fourth line makes it hard to

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play consistently.

“It's like a Catch 22," Bozek said. “You want to get out there and show you can play, but you need the ice time to do it and the only way you'll ‘get the time is if you play well.”

Bozek said he understands the Problem Petri Skriko was .going through prior to being sent to the Boston Bruins for a second-round draft pick.

“He ‘(Skriko) wasn’t getting an awful lot of ice time and 1 was better for him to be

him, but I don’t think there were bad feelings between him and the club when he left.””