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I am now considering the purchase of a Selfâ€"directed RRSP, but I am unsure as to who has the best plan to offer. Can you comment on what I should be looking for? .................................................................................................................................................................................. With a Selfâ€"Directed plan, you can hold just about any RRSPâ€"eligible investment you like, including your own mortcace. The real question is what do you want to hold in your RRSP, and what * BUSINESS ‘N ’ hile mutual funds are generally designed to reward investors in the long run, there‘s an investment fund that gives you an immediate tax advantage. Working Ventures Canadian Fund gives you a 40% headstart over just about every other fund in Canada. Here ) S a Now, you can take advantage of a unique investment fund â€" Working Ventures Canadian Fund â€" that could permit you to reduce this year‘s taxes by $4,500! That‘s 40%‘ more than the tax benefit of just about every other RRSP in Canada. You receive $2,000 in tax credits* by investing en : ; Your Net Cost $5,000 in Working Ventures Canadian Fund. Your Total Tax Sa The fact that Working Ventures shares are also eligible for an RRSP means further tax breaks. For instance, if you are in a 50% marginal tax bracket, a $5,000 contribution to an RRSP would reduce your taxes by a further $2,500, for a total of $4,500 ($2,000 + $2,500) in tax savings*. Your investment will primarily be reinvested in promising, growthâ€" oriented small and medium size businesses in your province. Key to the performar.\ce of the fund is the expertise and experience of its management team headed by Ron Begg, President. His track record of success combines senior corporate management disciplines with the handsâ€"on companyâ€"building skills of a successful entrepreneur. This complements well the investment and finance background of Jim Hall, Viceâ€"President Investments._Jim has solid professional credentials from public accounting and merchant banking, and a record of originating and managing successful investments. Jim offers a prudent, disciplined and seasoned approach to the development of a strong, diversified investment portfolio. The Power Of Working Ventures Canadian Fund Save an Extr‘a 40% in taxes on your RRSP contribution this year B.P. Oakville North News Oakville Experience That Counts degree of flexibility do you require? Or perhaps. your question is more basic â€" who has lowest annual Selfâ€"directed RRSP fees? Some brokerage firms have RRSP fees ranging from noâ€"fee accounts to others who charge in excess of $200 per year. While the noâ€"fee accounts have restrictions on the type of investing that may be purchased in the plan, most fully Selfâ€"directed plans, although more costâ€" ly, do provide you with a great deal more flexibility. Discover How Working Ventures Can Work For You WORKING VENTURES CANADIAN FUND INC. Here‘s an example: Investment in Working Ventures _ $5,000 Tax Savings â€" $2,500 â€" RRSP tax deduction (at 50% assumed tax rate) Federal Tax Credit (20%) â€" $1,000 Provincial Tax Credit* (20% where applicable) â€" $1,000 Your Net Cost $500 Your Total Tax Savings $4,500 While most banks and trust compaâ€" ny‘s offer Selfâ€"directed plans with a limâ€" ited choice of investment options, usualâ€" ly their own mutual funds or investment certificates, some banks and trust company‘s offer completely Selfâ€"directâ€" ed plans through subsidiaries with prices ranging from $25 to $200. io y ol As you may alrcady be aware, the choices are far too numerous for me to discuss here. I will provide you with a few points to consider that I use to measure a plan. For more information, please call: ANDY BLANCHARD FINANCIAL CONCEPT SECURITIES Working Ventures‘ objective is to produce the superior returns traditionally associated with investment in dynamic and growing businesses, while minimizing risk through prudent â€"â€"â€"â€"â€"â€"â€"â€"â€" _ development and management of the fund. 22 Lakeshore Rd. West Oakville, Ontario Tel: (905) 338â€"8600 Participation in Working Ventures should be considered as a long term investment. However, you may redeem (cash in) your Working Ventures shares subject to certain conditions. If you redeem your shares within 5 years of purchase, you will be required to return your tax credits to the federal and provincial governments (some exceptions apply). Working Ventures may restrict total redemptions to 20% of total assets of the fund in any one year. A fee of 3/4 of 1% of redemption value will be charged for each year shares are held short of 8 years. Due to the current economic environment, Working Ventures is in an ideal situation, prepared to take advantage of investments in underâ€" valued businesses and positioned to profit as the economy turns around. And, while a majority of the fund‘s assets will be invested in enterprising businesses to maximize return potential, risk is tempered by investing a portion of assets in shortâ€"term, high quality government secunities Important information about this investment fund is contained in its prospectus. Obtain a copy from a securities dealer duly qualified and licensed to distribute these securities and read it carefully before investing. Share value and investment return will Auctuate. "The extra provincial tax credits are available to investors resident in Ontario, Prince Edward Island and New Brunswick. First published October 1993 Investment Objective Private equity investing involves certain risks that are not encountered with many other investments. Although Working Ventures provides you with a tax credit to help offset those risks, it cannot guarantee that its investments will earn a specified rate of return, or any return, in the short or long term. In addition, a private equity investment involves a longer term commitment. r me to 1. How flexible is the plan? 2. Are there any restrictions on the v points _ type of investments that can be held in aplan. _ the plan? i.e. mortgages, stocks, or Poised For Growth Open weekdays until 8 p.m. Sat. 9â€"5, Sun. 1â€"4 3. The annual fee. 4. Who is the Trustee of the plan? 5. Is your investment large enough to warrant the cost. i.e. $125 fee for $1,000 investment is not, but for a $7,500 investment, perhaps? The last and most important point... 6. Who is your investment advisor? If you‘re paying a fee, then use the advice from your investment advisor. Andy Blanchard invites calls and comments marked to the attention of: The Manager, Financial Concept Securities, 22 Lakeshore Rd. W., Oakville L6K 1C5. Call 338â€"8600. Employment opportunities for Wolfe kids General Wolfe has been involved in summer work programs for the past six years. The summer Start programs have expanded from employing 10 students the first summer, to providing summer work experience for 50 students each summer for the past three. The Start program offers 14 to 17â€" yearâ€"old students ‘in need‘ the opportuâ€" nity to develop employment skills for their future and also offers the communiâ€" ty and the school the chance to work together to provide an open dialogue to help â€"studentsâ€" make better career and educational choices. Placements included entry level posiâ€" tions in landscaping, manufacturing, data entry, child care, food services, retail and others with such companies and organizations as DGS Personnel, Avco, Ductâ€"Oâ€"Wire, Town of Oakville, Oakville Trafalgar Memorial Hospital and SportsDome. Twelve of the students turned work placements into pan-fime employment. In addition this year, General Wolfe, in conjunction with Youth Employmem Services, ran a Summer Experience in the Trades program. SET provided 20 additional students from many schools in Oakville the opportunity to explore possible employâ€" ment in a skilled trade such as auto mechanics, auto body repairs, general machinist, carpentry, cabinet making, farm equipment mechanic, diesel mechanic and electrician. Of the 20 participants, four are now registered as apprentices; one is working fulltime; 10 are registered with the high school SWAP program with the hopes of becoming apprentices by increasing their skills and knowledge; two decided to return to high school; two decided to work for a year before returning to high school and one applied to enter a skilled trade program at community college. Participating businesses included Import Car Servicing Centre, Moore‘s Tire Centre, East Side Auto Service, Mantis Racing Inc., LN Diesel Motors, Danny‘s Auto Service, Murron Cabinets, North Star Electric, New Electric, Trom Electric, Trilete Industries. Doan‘s Auto Service, Paintâ€"aâ€"*