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HomeMy WebLinkAboutThe Huron Expositor, 1971-01-28, Page 124.1 EQ A REGULAR COLUMN OF ANSWERS TQ QUES- TIONS FREQUENTLY ASKED' YOUR TAX MAN. -Q., I have a woodlot on my farm. Do I have to report on my income tax, as income the sale of logs from this woodlot? A. If you are operating the woia` lot as part of your far ing operations, the proceeds from the sale of lumber, •logs, poles or firewood would form part'of your income, On the other hand, amounts received by you for per- • mating 'other persons to remove standing trees from the woodlot would be considered ndn taxable. Q. Is a gain from sale of shares taxable? A.- Unfess it is considered that .rading in shares is part of your business, a gain made in buying and selling shares on the stock market is 'ordinarily not taxable. Q.,-MY wife and I have a joint bank account. The money that my wife pays Into the bank ac- count is from her earnings as a stenographer. The T5 slip Is ' made out in our joint names. Do I declare the income, on my tax return or does my wife declarelt on her lax , return, or"should we divide the interest income, de- claring half of it on each of our returns? A. The Interest income should be divided on the basis of the depos- its. If you and your wife deposit equal amounts, then the interest is earned equally. If one of you deposits more than the other, then that person should report a proportionately larger share of the , interest. Q. I am over 65 years of age and no longer contribute to the Canada Pension plan. Do I Still have to have a SocialInsur- ance Number? A. Yes. Originally it was re- quired only by those taxpayers making contributions to the Canada Pension Plan but now it is required by all those who file an Income Tax Return. Ap- plication formth for Social insur- ance Numbers are availablefrom any Post Office, District Taxat- ion Office, 'Unemployment Insur- ance Office or office of the Department of Health and Wel- fare. Q. -Last year I won a scholar- ship. Is this taxable? ' A. If the scholarship is a prize for academic achievement and has nothing to do with your job, it is not taxable. In other, circumstances, you should take up the question with your Dis- trict Taxation Office. Q. Last year my uncle died and in his will he Left me several thousand dollars. Is this money T inherited taxable as income? A. No. Money inherited is not subject to income tax. However, if there were investments, in- volved, any' investment income received after you inherited the money would be taxable as part of your income. Q. I have rented my farm out • on a crop-share basis for the last five years. Would I still be able to average my income for tax purposes? A. Yes, if •this rental income is • your chief source of income. BURNS CLEANER ,No Smoke, No Odour HEATING OIL Walden & Broadfoot Phone 527.1224 — Seaforth SEAVORTN ,NIONUMENT WORKS I All Types 01 'CEMETERY: MEMORIALS OPEN DAILY T. PRYDE a SON Inquiries, are invited — Telephone Nurnberg: EXETER 235.0620 " 'CLINTON. 482442t SEAFORfli: Contact Willis Dundas -Or Bill Pinder 527-13112 SUL 521.1750; Glen is celebrating 23 years in , Farm Equipment and has now his CLASS "A" LICENCE 4-1 The little 1/2 bra that giveS you the right look: BATHROOM .TISSUE 4'7 Manufacturer's- --'SHE' HURON EXPOSITOR, SEAFORTH, JAN. 20. MI Brodhagen Chamber of Commerce' ,Discusses Hew Program Members of the Brodhagen Chamber of Commerr e reviewed a successful year at their-.., Pres.,Allan Sieinon; First Vice Pres. Harold Rock; SecOnd Vice Pres. Ken Smith; Third annual meeting in the Hrodhagerr Community Centre, Discussing plans for the coming year Vice Pres. Eugene Bannon; Secretary, Orval Parrott; Assistant Treasurer Wilbur Hoed, the meeting agreed to again operate ball teams and set February 13 as, the date for the annual (Second row) Directors George Jarmuth; Wm., Flanagan; Fred Lawrence; Rueben Buuckl ladies night, Officers elected are (left) (front) Past.. Pres. and Treasurer, Frank Murray; ' Clarence Ronnenberg and Mervyn Leonhardt, FARMEQUIPMENT ciiikmot;17 ''Aikplot WE SELL we,,..sEgvier Mrs. August Hillebrecht of Brodhagen passed away in Strat- ' ford General Hospital on Sun- day, January 17 following • a lengthy illness. She was the former Catherine Rock and was born on May 8, 1883, daughter of the late John Reck 'a.nd the former Catherine RoeppeL On 'March 24, 1903, she was mar- ried to August Hillebrecht. They resided in Brodhagen where Mr. Hillebrecht passed away in 1957. She was a member of St. Peter's • Lutheran Church, Brodhagen..., Surviving are two daugb ' Mrs. Leslie (Adelia) Weitersen of Brodhagen and Mrs. 'John (pearl) Miller of Hamilton. There are four grandchildren and four great-grandchildren. The late Mrs. Hillebrecht rested -at the Lockhart Funeral Home in-Mitchell where the fun- eral service was held on Wed- nesday January, 20 with the Rev. Paul Kappes of St. Peter's Luth- ' eran Church officiating. Tributes to the deceased were shown in flowers, heart and cancer cards and Lutheran, Church Mission Cards. Pallbearers were Irvin Hillebrecht, Stratford; Carl Hil- lebrecht, George Rock and Har- old Rock of Logan Township; Norman Eisler and Fred Law- rence of Mitchell. Friends attended the funeral service' from Hamilton, God- erich, Stratford, Calgary, Alta., Listowel, Kitchener, Waterloo, urich, Palmerston, Seaforth, Vionkton, Mitchell, Bornholm, Brodhagen and community. Tem- porary entombment was made in the Elizabeth Ritz Memorial Chapel in ' Mitchell with burial liter. in St. Peter's Lutheran Cemetery, Brodhagen. Mitchell Correspondent Mrs, Ethel. Thiel Commissioner Lew Reaney was appointed chairman for a second year of the Mitchell Public Utilities at their regular meeting on Tuesday iiight.Commissioner$ Norman Van and Jackilsaac ' were also present. Clarke F. Moses, manager, read the minut- es and stated that the following increase in salaries for the men had been finalized. Manager and Clerk, 5%, Robert Isaac, 7%, George Co‘eney, 5,92%, John Clark, 6.15%, James Mabb 8.8%. ' Accounts amounting to $16,118.15 in the Electrical De- partment and $3,640.70 in the Water Department were ordered paid. - It. was decided that the Com- mission. write off the arears of the $3,000 fire hydrant, service charge for 1970, in view of the recommendation 'of; the Depart- ment of Municipal Affairs' letter of June 28, l910 to Imposeni other charges to meet the Water De- partments financial require- ments when negotiations with the Town of Mitchell were not suc- cessful. The Manager and Staff may attend the 0, M. E. A. and O. M: E. U. Conventions In • Toronto Royal York ,On .Pehruary 28, March I, 2,, and 2., with expenses ,paid. Annual statistics showed that the demand for Electrical Energy for the Town of Mitchell increas- ed in 1'970 over 1980 by 5.97% The P.1.LC. paid for 16,786.352 , iSlllowatt -Wit, at a cost of $157,098: 00, an Increase of 12.29% The revenue from the sale of energy aMoirnted to $206,659.00 ail increase Of 9.66%. The peak '' load *as 3.614 K.W. as against 3;329 K, W. in 080; an increase b 13:6 The peak for the Toitvn4i3 largest Periver Customor ee$tandat Irodncts Ltd. was 11.1640,10tr. IS against 944 In 1060' ,eto Aforegat, Director Reports ( A frank and thoughtful report in' Exodus which reads: 'And was presented to Huron County' . they judged the people at all Council Tuesday by Bruce P. seasons: the hard cases they brought unto Moses, but every small matter they judged them- selves." - "It is my submission that by taking the hard 'cases, the complex cases, the ones for whom the local cornthunity can not provide a solution out of • Huron County for assistance," said Mr. Heath, "it-need not follow that Moses must feces- . sarily reside in Toronto, and that he must now control the debision making on all cases." Mr. Heath outlined some of the problems facing the local society, explaining that the 1970 budget had 'Called for $133,000 to be spent on direct costs of services for children in care. Of the 208 children in care during the , year, seven children accounted for approximately $50,000 of child care costs. "These were seven of our children who by reason of the degree of their emotional dis- turbance had to be placed to outside treatment centres," Mr. Heath explained. He said „the .local CAS was experiencing some difficulty . in finding foster homes for adoles.- Societies, or. possibly can- cent boys. He said it is anticip- sidering a joint administration of ated that basic' foster home pay- same," he concluded. ments will have to- be raised Statistics presented showed to 4,a more equitable level" - that thelargest number of child- $2.25 per day for children up to ren taken into care by the CAS are 12 years and $2.75 per day for 13 years old and over. They those 13 years and over, in two . shall have to -take a b1 also showed• that there was one installments by July, 1971. ' - 969d.AsAtinthHeursoan me ill less unmarried mother assisted ' We tli9m70e,thmanorien much ploser look at those child ren -,we are admitting to care unwed mothers appear to be keep- from their own homes and for ing their own babies. whom adoption planning is not imminent," he said. 'Since 1966There are 90 active foster we have.seen an increase of over homes . in Huron, the report showed. 'one hundred percent .in missions to care, to 1970. Des- pite our obligation to act, and remove, many children from their homes, I ain hard pressed to feel that, all admissions are necessary and particularly within the meaning of the Child Welfare Act." Mr. Heath indicated it was difficult at times to distinguish between child welfare and pre- vention assistance problems and , general welfare assistance pro- blems. "One might suggest that there is ample reason to consider dove- tailing er Welfare Assistance GweitnhCalhildren'S Aid OBITUARY MRS. AUGUST HILLEBRECHT red,0•44144,144~.***••••••••••••••••••••••••• WINTER CARNIVAL CLEARANCE 1-71971 28-HP. Moto Ski (New) 1-1971 20-HP. Moto Ski (New) 1-1970 Mini Moto Ski (demo.) 1-1968 Moto Ski, 18-HP., 375.00 1-1968 Ski Doo, 16-HP. E., 475.00 SEE OUR• SHOP FOREMAN, GLEN McCLURE FOR OVERHAULS, ETC. — Free February Pickup and Delivery — Heath, Local Director of the HulTon CountyChildren''s Aid • Society. • Mr. Heath's topic was the Urwick-Currie Study of the Managerial Effectivenesb of- Children's Aid Socieities • , in Ontario. "Hopefully, 1971 will, 4e-the beginning of a clearer'definition of the scope of services, the establishment of perfornianne standards, the 'improvement of communication between • the Department of Family and Social Services and Children's Aid Societies and the co-ordin- ation, of matters common to all societies," reported Mr.ileath. 4 -Hopefully, however,"" he continued "the recent creation, of the Minister's Advisory Board on Child Welfare will. not re- present a token interim moye to be followed by direct provincial control. What might be at, stake here is the whole field-of Child Welfare , in ,Ontario, in a costly centraliied ,government bureau- cracy - with a cure -worse than the original illness." Mr. Heath referred to averse On Childrens Aid Activities . • By Exquisite Fotin Fingernail. Cutex Hot Wheels Super Charger Ladies' One Size .•.