HomeMy WebLinkAboutThe Huron Expositor, 1971-03-25, Page 14SIDE
COME TAX
FORMATION
A .REGULAR COLUMN OF ANSWERS TO QUES-
TIONS FREQUENTLY ASKED YOUR TAX MAN.
OUR GOAL THIS YEAR $2000
wit a chgek-up
and a cheque
Give/a HasitArecto
caNcatve -‘:'. • cowman
SOUCATION
'CANADIAN CANCER SOCIETY
0 rr SEAFORTH BRANCH
SEAFORTH CAMPAIGN STARTS SOON -
will return an additional $4
on a $25 market. Top qual-
ity breeding stock is always
a good investment.
2. Identify sows, keep accurate
records and cull poor per-
formers.
Feeding
Feed represents'approx-
imately 75% of the colit of pro-
ducing a hog.
1. If you feed over 60 tons of
feed annually, you can reduce
teed costs by on-the-farm
processing.
2. Gilts and sows, during ges-
tation, require approximately
5 to 6 pounds of a 14% dry
sow ration. Some producers
overfeed during the gestation
period which reduces sow
performance and increases
sow feed costs.
3. Ten pounds of ferrous sul-
'fate mixed with 90 pounds
Of simplified starter meal
can supply the iron require-
ments of a newborn pig at
a fraction of the cost of moat
iron sources.
Swine Health
1. Work closely with your local
veterinarian in the area of
disease prevention, diagno-
sis, and treatment.
2. Misuse and excessive amounts
of medications and vitamins
can increase productien
costs, without an improve-
ment in performance.
•
Buildings and Equipment
1. Expensive buildings and equip-
ment do not ensure success
in a swine. operation: A good
manager can make most syS-
tems work. Poor ventilation
restilts in' more-swine-stress,.
than any other single gfactor.:
Manure
1. Liquid hog manure should be
considered a valuable -soarce
of nutrients for crop produc-
tion, worth approximately$13
per, thousand gallons. Oxide.--
Hon ditches will reduce the
nitrogen value of liquid
manure by 50%. Some swine,
producers have entirely elim-
inated the need for purchas-
ing commercial fertilizers by
incorporating liquid manure
into the still when the corn
croft is growing. Liquid man- IP
ure should be considered a
valuable by-product of swine
production.
As long as the swine producer
is able to keep production costs
at a minimum and is willing to
adapt to changes in technology,
his chances of making profits
are improved.
I
•
I
•
H ERE '
WE
ARE !
12 Gene. - •
Winthrop
Seaforth
Kippers Stratford
Your Hosts .
' The Mott family, Rill, Ruth, Jimmy and
Linde, are your hosts at -Family Paradise.
• -)
WALTON
For Profit, Reduce
Production Costs
Income Tax Returns Prepa ed for Businesses,
Farniera and Individuals.
REASONABLE RATES: Annual terms only
File your returns early and avoid the last
minute rush. •
RONNENBERG INSURANCE AGENCY
'PHONE MONKTON 347-2241. Monday to Saturday
BRUSSELS 087.6663. Tuesdays and Fridays only
SERVICE TIPS 4 DON LETSCH
•
Goopou li. I imAARIE ikrrn
YBOUUM AVPIreg". —ALL THESE yEAR,,s.
nFINE.
ANDNOUR
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INDEED SHE IS- ONLY NOW. IT TAM%
HER Lars LoNAER TO Gar THAT WAY.
(*ANY NEW WRINKLE511 IN -rNEIR ME ALON4 YOu CAN BE SAE
L HOW'S ALICE? As affea
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SEAFORTH
ELE.CTRGNICS
wk.i.et JOHNNIE•oN•THE-sperr To Aoo MEM ...., Youla .....,
nil10 s.
FOR BENEFIT
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P i-liiLCO
sEAroRTH
_ AM *.i.2.0 't.' X.„.....pi
ELECTRoNics
Authorized tlealer.
SALES &SERVICE e TV • RADIO • HI-FI* STEREO
Plome,52.7-1150 • 17 SPARLING STREET
Correspondent
Mrs. Allan McCall
WALTON CUB PACK
At the morning service at
Duff's United Church on Sunday,
Walton Cub pack and their lead-
ers, Howard Hackwell, Doug
Kirkby and William Humphries
attended in a body with their-
colorful uniforms.
Rev. Derwyn Docken wel-
comed the cubs and their lead-
ers and took as his special ser-
mon, "Snoopy and the Red Baron"
wjeaawas illustrated with a film
strip for the children and was
much enjoyed by all that attended
the service.
Miss Gail Travlss favoured
us with a solo entitled I Walked
Today Where Jesus Walked",
accompanied by the organist Mrs.
Ian Wilbee.
Two new elders were installed
during the service. They were
Don McDonald and Ron Bennett.
U.C.W. HAVE MEETING
The U.C.W. members met
for a brief meeting at the close
of the church service. Mrs. Wm.
Roe reported that April '5th was
set for the Thankoffering Ser-
vice with the follOwing churches
to be invited; Northside United,
Seaforth; Blyth; aloncrief; Blyth
United; E.U,B.' Brussels United;
Winthrop and LondesborQ. The
guest speaker is to be the presi-
dent of the U.C.W. Presbyterial.
Mr. and Mrs. Art Busby of.
Chatham were weekend guests at
the home of Mr. and Mrs. Walter
Bewley.
Mr. andMrs. Terry Ford and
family of Sheffield spent Sunday
with the latters parents, Mr. and
Mrs, Fred Dunk.
Mrs: James Smith has been
a patient in the Clinton Public
Hospital for the past week. .
f . Mrs. Cora Johnson of List-
owel is visiting with her brother
and sister-in-law, Mr. and Mrs.
Ed Fischer at the Corner Rest-
aurant in the village.
The Walton Cub pack are
holding ,a Crokinole and Card
. Party Fridays in the basement
of the church with the group
committee in charge.
Mr. and Mrs. Mac Shoidice,
Murray and 'Sandra visited rec-
ently with Mr. and Mrs. James
Keys where they celebrated
Murray's birthday.
Q. If I sell grain to a grain
company and request that pay-
ment be deferred until the
next year, In which year do
I report the sale as income
on my tax form?
A. You report It in the year it
was sold to the company. The
fact that you request them to
hold payment 'until a later year
does not change the, date of
sale. However, if you placed
the grain in storage, received
storage tickets and did not
surrender them, until a later
year, at which time you are
issued a cash ticket„ you would
report the sale in theear the
cash ticket was issued,
Q. I am a farmer and I used
1964 as the year of averaging
for income tax purposes and
am eligible to average again
in 1970. Am I required to
average again using 1970 as,
the year of averaging, or can
I wait until a year in which
coveraging would•be more ben•'-
eficial to me?
A. You may choose any year you
wish as the year of averaging,
provided that returns have been
filed as required and that the
averaging period chosen does
not_everian another Period for
which you have averaged:'"
Q. I am a retired farmer living
in the city. My farm lands'
are rented to a tenant. 'I
make six or more trips each
year to the farm to supervise
seeding, summer fallowing and
harvesting. Can I claim on my
income tax return the expenses
incurred in -travelling- to ,and
frOrn the farm?
A. Travelling expenses Incurred.
while travelling to and from
your farm cannot be claimed as
a deduction from your rental
_income. NO.car, travelling or
supervision expenses may be
claimed as a deduction from
rental income, regardless of
the source of the rentals.
Q. I bought land in 1965 on a
half-crop-share basis and this
half share 'was sold in the
vendor's name. Do I have to
pay income tax on ,the half
share that was paid to the
vendor?
A. Yes. The half share that
Is sold In the vendor's name'
is your income and the sub=
sequent payment to •the 'ven-
dor is considered to be, an
instalment on the purchase
price and is not deductible.
Q. Is a farmer required to make
Canada Pension Plan deduct-
tions from the wages paid to
farm help?
A. Deductions for the Canada
Pension plan must be made
from all wages paid for farm
labour, provided the employee
is between 18 and 70 years
of age and has received cash
wages of $250 or more and
has worked for 25 days for
the employer during the year.
Q. What is the income tax situa-a
tion if I sell land with stand-
ing crop?
A. If the agreement specifies
an amount for the standing
crop, that amount is income
to the vendor and an expense
to the purchaser. If the
agreement does not specify an
amount for standing crop, then
no portion of the selling price
is attributable to the standing
, crop as far as the purchaser
and vendor are concerned.
Q ThetarM I operate is located
seven miles from town. Dura
ing the summer months we live
on the farm, then move to
town for the winter months.
Can I claim on my income tax
expenses such as taxes and
repairs on the town house;
for the portion of the, year
diming -Which we live in it?
A. Expenses paid for the main-
" .teilance of your town house
are considered to. be of a
personal nature and are
therefore not alloWable as a
deduction from income.
Q. When filing tax returns „are
commercial reserves and.
elevator deductions to be re-
ported as income for the year
they were paid out to a
farmer?.
A. Normally these will have been
reported in the year when
credited to his account, and
would therefore not be in-
cluded In his income when
actually received.
by Andy J. Burin
- Swine Specialist
Record swine production in
the United States and Canada
during the last half of 1,9.70 has
resulted in extremely low pork
prices. Long-term forecasts do
not foresee a return to, the fav-
orable prices that have- been
prevalent for the past five years.
•In order to turn a profit,
swipe producers and the entire
swine industry must keep pork
production costs to a minimum.
The swine producer of the
future will have a farrow-to-
finish operation (either on one
farm or as a parteership
arrangement), will grow his own
grain requirements; may grow
his protein requirements, de-
pending on economics; and by
using a vitamin-mineral premix,
will process his own feed require-
ments on the farm.
The biological cycle must be
considered the basis for swine
production. .
There are a number, of ways to
improve returns •atici reduce pro-
duction costs. •
Breeding Stock
1. High indexing boars, mated to
good quality gilts or sows
will result in high indexing
offspring. A market hOg
indexing ln rather than 95
OBITUARY
DAVID W. DAVIS
• - -
The death occurred in Molise
Jaw, Sask. on March 13 of David
W. Davis. A native of Staffs., Mr.
Davis was '83.
His wife was the formerJanet
Beck. 101kr. and Mrs.-Davis; after,
farming 'in the area went' west
during the first war and farmed
in the Moose Jaw area near
Riverhurst. '
The last of a family of five
he is survived by one son, Robert
of Moose Jaw and by Elmer
Rivers, Seaforth, a nephew. He
is also survived by four grand-
children and by two great grand-
children.
' Funeral services were held
March 15 'at the W. J, Jones and
son chapel in Moose Jaw con-
ducted by Rerv.Dr.H.R. Lane of
St. Andrews united church: Cre-
mation followed and on his in-
structions the ashes were dis-
tributed in Diefenbaker Lake near
Riverhurst where he had farmed
for so many years.
News o
.000110010,40
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Whether you like to rough it, or just enjoy a restful
vacation among serene and' peaceful surroundings,
FainilY Paradise is the place to visit.
Located at . 1.6‘.
42,
Goderieh
R. R. 4, Walton, Ontario .
Clinton
10 miles North of 8eaforth
22 miles East Of Goderieh
"A Nice Place For A Vacation"
Make Your
Reservations Now!
Address All Reservations and Enquiries
to:
WILLIAM MOTT,
Family. Paradise Camping Park,
R.R. 4, Waiton, Ont,
Phone (519) 527-0629
Camping
Park
.111,01.0.0
Here Are Some
Of The Things That
Await You At
Family Paradise
40' x'40' lots with or without hydro
* Swimming in our five acre spring fed
lake, (never too rough for children)
• Full time Life Guard
* Stocked pond for trout fishing
Picnic Grounds
'''PlaygrOund facilities.
* Horse ShOe Pits
Ball Diamond
* Miniature Golf Course
* Horseback and Buggy Rides
* Tuck Shop (in the park)
Lots of firewood and ice
'* Wild Geese and Ducks
J Nearby Golf Course
• 24 mites from Stratford Shakespearean
Festival .
Have A Happy Holiday
At =
Family Paradise