|
|
|
Prairie Pride Credit Union Newsletter - Summer 2002 - Page 3
|
 CASUAL DAYS
Gainsborough Branch has donated the following:
- March - Carievale Library - $54.00
- April - Gainsborough Library - $54.00
- May - Carievale Minor Sports - $62.00
Alameda Branch has donated the following:
-
February - Stan Meyer and Tara Johnson
Funds - $60.00
NEWS AND EVENTS
Gainsborough Swimming Pool is having a BEACH VOLLEYBALL TOURNAMENT. July 27 @ 11am.
$40 per team (each team 4-6 people). There will be a social at the Gainsborough Hall in the evening. Please phone entries to Terra Goleski @ 685-4565 or 685-2060
Congratulations to all the Grade 12 Graduates in the Carnduff and Oxbow High Schools. Stop by the branch nearest you for all your financial needs.
The Alameda Flower Show is on August 12th, 2002.
Alida Sports Day was on June 1 & 2. Fun was had by all.
The Town of Oxbow is hosting a MOBILE PLAY GROUND from Monday, July 29 to Friday, August 2, 10:00 am - 3:00 pm each day. A week full of activities and fun for children ages 5 - 10 is planned. To register call Isabel Martens @489-2285. Deadline is July 26th.
Starting July 16th at Oxbow Swimming Pool there will be a craft program every Tue, Wed, & Thurs. from 1-4 pm at the pool. No registration is required.
In Gainsborough the Village Players had a successful 2002 season with their play "SAID THE SPIDER TO THE SPY". Both evening performances were sold out and the Sunday Matinee was well attended.
Ernie Dell was the winner of an umbrella donated by Prairie Pride Credit Union at Gainsborough's RAINY DAYS on April 27, 2002.
SAVE ON TAXES THROUGH ESTATE PLANNING
By John Frame
Estate planning ensures your assets transfer smoothly on your death to the family, friends and organizations you have chosen, while minimizing your taxes.
There are many reasons for planning your estate, such as easing the burden on executors and beneficiaries who must deal with your death and ensuring that your assets are distributed according to your wishes. However, a primary reason for most people to plan their estates is to reduce taxes payable on death. Assets will usually flow from the deceased spouse to the surviving spouse easily and inexpensively with a little planning. When the surviving spouse dies, however, taxes will become an issue.
Fortunately, there are no estate or gift taxes currently payable in Canada, however your executor must file a final income tax return for your year of death. All salary, wages, investment income, dividends, interest, capital gains (except on the house you live in), non-depreciable capital assets (stocks, bonds, etc.), RSPs, RIF's and general assets all become taxable. Estate planning can help you reduce or avoid paying some of this tax.
If you are concerned that your surviving spouse or children may not have enough funds to live comfortably after your death, especially given the taxes payable, one option to consider is additional life insurance to provide an income stream for your survivors.
Writing a will and designating beneficiaries for your life insurance, RIF's and RSP's and reviewing those designations on a regular basis will ensure the distribution of your funds is not left to chance.
At MemberCare Financial Planning we can help you through the maze of decisions in estate planning. For more information on estate planning, or any of the other valuable financial planning services of MemberCARE, please contact John Frame 1-888-277-7715 or (306) 636-7715 for an appointment.
MemberCARE®
The information contained herein is for informational purposes only. Please obtain professional advice before making any financial planning decision or implementing any strategy. MemberCARE Financial Services is a partnership of CUMIS Life Insurance Company and Co-operators Life Insurance Company
Page 1 || Page 2 || Past Newsletters
|
