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United Way of Kitchenerâ€"Waterloo will kick off its annual fundraising drive Tuesday, Oct. 1 with an allâ€"terrain vehicle rodeo at Waterloo Town Square. _ & This year United Way has set a target of $1,750,000 for its 29 member agencies, which reflects a 16.7 per cent increase over the $1,500,000 donated last fall. "In the spirit of friendly rivalry that has pervaded the past four years, the United Way cup will be competed for by teams representing the cities of Kitchener and Waterloo, the media and member agencies said United Way execuâ€" tive Director John Thompson. The rodeo gets underway at noon. Each member of the five competing teams will drive an ATV through an obstacle course with the cumulative members‘ fastest time determining the winning team. Defending Waterloo County high school students don‘t have to fear the possibility of a teacher‘s strike any longer,. as both the separate and public school teachers have struck contracts with their boards. Separate school trusteés Monday night unani mously approved a one year contract with their teachers, which will bring the 850 members of the English Catholic Teachers‘ Association closer to wage parity with their public counter parts. The board estimates the average teachâ€" er‘s salary increase to be 1.05 per cent under the new contract. bringing the top wage paid to $46,672 a year. At the same meeting the separate school board also gave itself a 44.9 per cent wage hike which will bring a trustee‘s honorarium from the current $5,.557 to $8.057 a year, starting December 1 Reduce your taxes â€" at no cost to you NC\ â€"The headlines read Save Taxes â€" Buvy ar RRSP" BUYan RRSP You that RRSP which can a deed then save you taxes But, is there a way to re duce taxeps that in effect costs you nothing? muslâ€" have metes We think thereas. and it is exven more beneficial since the May. ®o budget It all revolves around a mutual fund program called a UCwothdrawal plan " This program will give you a monthly cheque that. thankstothe introdu« taon of the 500 N00 hifetime ”,i;;:‘;‘. ;"\-f\x dednction comes compieteiy iax iree tunless vyou will have used up fhat $0°7°277° OPcH tion ) How can we save taxes with no out of pocket ex ense? Tet‘s assume vyou L.’I\(‘ a home that‘s worth &x0 N00 _ with a $40.000 mortgage on it Your furm ture. etc as worth $£20.000 United Way of Kâ€"W ready for kickâ€"off that £500. 000 dedu« €u Your car has a value of $10.000, vour cottage. $30.000, and you have $10,000 in C anada Savings Bonds_ and $10,.000 in term deposits at vour hank or trust company This means you have assets of £160.000 minus â€" the £40,000) mort gage, leaving you with a net worth of £120.000 you up to X30% of your net worth â€"50% of $120.000 is $60.000 Let‘s be safe. and say yvou rent‘ only $£50.000 instead nf the whole $A0.000 If you Crent‘ the $£50.000 at 125. it wall cost you $6,000 perâ€" vear If the $50.000 were invested into versunbureits Lhadt iT‘ S YOUR MONEY Paul J. Rockel wl rend lendim« mutual funds it makes the interestâ€" costs â€" fax deduct ible Assuming your taxa ble income in 1985 is $200,000, the latter part of vour mcomeis taxed at 34°5 This means vou will save $2.040 in taxes If your taxa ble incomeis $10.000, you‘ll save $2.709 in taxes Naw cames the "secret 7 We emniov a manthls wath dra w ad o pran ccon OM ad $50,000 invested in mutual funds| of 14 per month ($500 monthly) or 12 per vear This pays the $h ONO of interest costs_ and thanks to the May. 85 budget. that withdrawal comes to you fax free So. you end up saving anywhere from $2.000 to £3.000 in taxes. without costing you one cent And it repeats yvear after vear Furthermore, most good mutual funds have past performance averages of 1%® or better over the past 10 vears If you are taking an income (to pay the inter est costs) of only 12%, you could be building an asset also For a FREE illustration of what a withdrawal plan has done over the past 10 years ask for "Cundill With drawal Plan" and wnite Paul J Rockel. 153 Union St E.. Waterloo, Ont N2ZJ 104 Paul J. Rockel is president of Regal Capital Planners Ltd. and the Independent Investâ€" ment Fund Dealers Associaâ€" tion of Canada. It costs vyou nothing to save those taxes champions is the media team which roared to an exciting victory at last year‘s goâ€"kart race held at Pioneer Sportsworld. o â€" â€" Then, in a first for Kâ€"W, Wednesday close to 200 volunteers will crissâ€"cross the Twin Cities approaching more than 1,000 small businesses and entrepreneurs in the United Way Business Blitz. Blitz Chairman Pat McMahon, along with six volunteer section chairmen, have organited a team that will meet for breakfast, then hit the streets for the day. Each volunteer has been assigned five to seven accounts. Wow. do T love that budget e Secondary school teachers with the Waterloo County Board of Education received increases of 3.97 per cent and three per cent over two years, under a contract approved by the public board last week. The agreement, which affects 1,200 members of District 24, the Ontario Secondary School Teachers Federation, also increases the salary of a principal with five years experience to $64,170. The new pact, which runs from September 1 to Aug. 31, 1987, will bring the annual salary for a teacher in the top category, with 10 years experience, to $48,072 by the end of the con tract. Negotiations areâ€" continuing between the public board and its elementary teachers to replace a contract which expired at the end of August. Advertisement Buy a Guaranty Trust G.1C. right now and you can earn yourself a good %% bonus on your interest rate. And thatԤ a very timely idea with interest rates now trending downwards This special bonus aggh’es on whatever amount you buy * And Make your money work 44 % * harder for you. I innond andoectenthendrandordbertborthentbendtantronterthertherdbontontiontiondherhenontertoonhordontrententhortontontentontienintintententeniractontoniientantontontintin â€" es lus an as as on on on on an as an on on on on an an an an an on on an on on on on on on on on on on on on on on on on on on Waterloo Town Square 75 King St. S., Waterloo Tel. 884â€"0810 Manager: Bernard K. Hanna GIC buyers: Saturday Morning Kids‘ Program of Matthew and the Midnight Tow Truck and Christopher and the Dream Dragon for an adventure with dreams and balloons. 10:30 a.m.â€"11:30 a.m. Meet ALLEN MORGAN this Sat., author STE. 1001. MARSLAND CENTRE Waterloo, Ontario, N2L 112 Clip this coupon. w trending So clip the coupon as a reminder to come see us might away. Then make pplies on your money work 4 % harder for guy * And you! WATERLOO CHRONICLE, WEDNESDAY, SEPTEMBER 25, 1985 â€" PAGE 11 Allen Morgan Valid at this branch only whatever term you buy it for, from 6 months to 5 years. (In fact, the only limit is on how long the offer can last. *Minimum deposit $1,000 Professional People Make the Difference FINANCIAL PLANNING SERVICES John Fielding SENIOR CONSULTANT Phone 886â€"2360 Fnuedtord m m um aud