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HomeMy WebLinkAboutThe Goderich Signal Star, 1976-04-08, Page 7f % W• Let' taik t Q. I want to contribute to a - .Registered ,.Retirement Savings Plan. I -understand I am allowed a maximum of 20 •percent of my earned income or $4,000 providing I am not covered by a registered • GODERIPNAL-ST'AR', THEIR • AI iH _pension plan at work. What wait to • 'k -now is what ° is consideredtebe earned in- come in this situation? A.For purposes of the R.R.S.P. calculation,.. earned infcorrie includes -salary ..and ti wages, tips and gratuities, pension income, . filet income from self-employment, rental income,and other . income such as alimony, less: the employment expense deduction, rental loss, Unemployment Insurance premiums, annual union and •professionaldues and losses from self employment. • If you, were also covered by a Registered Pension .Plan' the. combined ¢e suctions for both ,plans are limited to the lesseV of $2,500 or 20 percent' of earned income. Vox 'more detailed inr. formation refer to Item 29 of your 1975 Tax IJ uide; Q. Do -I. have to be rptired to cancel my RRSP? A. No, , you can take out your money anytime whether or not you are still working, If you withdraw Stour money, you will be reilaired to pay income tax on the full. arrioUat. o Q. How long can .-I leave money' in an RRSP7 A. The only requirement is that you, take your money out before your•71st'birthday. Q. DWI ever pay income tax on. the nion;ey I put into an RRSP? A. Yes, Income tax is paid - when when you receive :benefit from -the RRSP or iff you cancel it. Q. +Garil transfer my RR;SP' to another organization without paying tax? A. Yes. Register : a new ' RRSP with,..tlie: second organization thein- •ar'ange that •the funds from your Bald plan are transferred directly' a into the new one. There" is no tax if the entire proceeds are tra:nsfer.red. , Q. My, husband diedand 1 re.ceived .a refund of the premiums he had paid into a Registered Retirement' Savings°Plan. Am ',.required. to: pay tax 'Ott the t, fa nt. +it loi,u im oaf A. Arefund of thisirefund? ordinarily treate zooeus of futhne;:,i eocfip.ipernnllns t'it ftee t death .will not a .°taxable ° Ills the: S souse's handsi<f ttis t ° i r n-6 r n ..r>e. •fila a s .. d within Ii. , f ar to. r e n ;.I orrt.tli e e e . , < do t#Y �4t�, spouse's:, - •• register:ed• retirement savings.plan... Cu CAN DEPEND ON 1 A&P FOR: QUALITY MEATS., • POR RIB PORTION- •7-BONECUT--COUNT THEM TEND'ERIOI'N----P:ORTION 3 TO 31/2-L13 CUT SLICED '1651.09 Ib Pork,loi i Quitters Cut Into ina pkg 2 Rib. Chops 2 Loin -end chops• PORK' -LOIN —ROASTS TENDERLOIN HALF LOIN RIB HALF LOIN 1 FROM CONCENTRATE - RED -= WHITE-- CONCORD. 24 -FL -OZ BTL ACTION PRICED! WINTARIO &, OLYMPIC LOTTERY•. TICKETS AVAILABLE AT A&P FOOD STORES! EEZER [l 75 TO 90 -LB - AVERAGE CUT' & WRAPPED TO YOUR SPECIFICATION , -. AT YOUR FRIENDLY A&P STORE FRESH _(FREEZER CUTS) PO:RK SHOUL WHOLE • NEW, YORK 12 JO 14 -LB a AVER. CUT &.FREEZER WRAPPED TO YOUR SPECIFICATIONS ., b OPER-RIGHT QUA ITY, : SLICED RIB LOIN Pork Chops- Ib$1.49 COUNTRY STYLE Spare Ribs lb $1.199 COORSH, 'Corned Beef Rolls - Ib X1.3 9 :C All Beef Wieners lb vac pac: $ 9¢ SCHNEIDERS—SLICED--8 VARIETIES 6.oz vac pac.44fi Cooked eats 'SCHNEIDERS "RED' HOTS" Wieners 1-ibvac /sac 89% BURNS—STORE. PACK • Beef .& ' Pork Sausages ib 8 9f/ SWIFT—LAZY MAPLE . 1-I1) tray pack $1.®29 Sausages SCHNEIDERS REGULAR OR COUNTRY• MAPLE, :SLICED Side.. Bacon 1 -lb vac pac $1 .78 MAPLE. LEAF • . Sliced - Bologna, % -1b vac pace - GOLDEN SKILLET-FROZEN—MEAT & SERVE Chicken Cutlets :. • . IL 881', FROZEN—BOSTON - ' ' (LB -690) - Bluefish Fillets 5 -ib box $3.29 MAR LBORO-W HITE—PIN K -YELLOW -•=-AQUA e 1"1S$ -U PEPSI -COLA --REGULAR OR DIET (PLUS BTL DEPOSIT) ACTION PRICED! SILVER OR POWDER DEODORANT—BONUS P CK 30% MORE "FREE" DISPOSABLE DIAPERS RIGHT. " ;11.7.0Z 59' PAMPERS$GUARD AEROSOL EXTRA -ABSORBENT PKG OF 214 OR' PKG OF 30 DAYTIME. ACTION 'PRICED! 49 MILD CSR FRESH MINT FLAVOURS—"NEW"--"IMPROVED"e CHOICE QUALITY Macleans-, Toothpaste 100 ml tule $1.2 3 ' A& P Tomatoes KRAFT Pizza . Mix SPAGHETTI & MEAT SAUCE Kraft Dinner: -Din i+EANL17 �U'1'T"ElI Cookies. ° 16 nz pkg 911 REG._ 28 -f1 -oz tin 59? (PREPRICED) 1 -box 693i CIGARETTES $ 5,76 <.aToN KING $ ®8 6 CAIti 1 PKG .0F4 ROLLS PANTRY SHELF PEANUT. _ BUTTER OP:84:.F LIQUID 128 -FL -OZ PLASTIC JUG ACTION PRICED! GLAD - - 39 GARBAGE B,rGS PKG; OF 20. ACTION PRICED' Ma' -:--;N. THRU SAT. SU1SCGA5T .MALL •