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The Huron Expositor, 1973-03-15, Page 7the newest Sunworthy wallfashions VINYL COATED READY PASTED "Allure" represents ,a carefully studied response to a very particular taste. -It quietly curtains today's pulsing, throbbing world, of blaring music, raw colour and bizarre decorating. Your personal environment will be greatly enriched when your wall covering selection is "Allure". See it at ... GRAVES' WALLPAPER & PAINT DIAL 527-0550 SEAFORT H HURON OPIPSOIPIti SICA0:016%.0*.;141411(41 15f14714 . Discuss income fax ,prbblems 1t4wed.' The fpllowing example shows holy a farmer might pay his son for work on the farm during the summer and have the son pay tuition. Son earns $1800.00 Minus tuition 400.00 Minus 8 months • @ $50.00 400.00 Dr R .fitiiii4tirt• to Auxiliary about. Ireland. opitivvig ll 1r$coes' of EireTgliy: op:E. RIME xnquiogs ar InvAvO letephode: EXETER 2354620 CONTOP4 442,9011, SEAFOR1176 confect WiDis:DOlthis Or Bill Pinder 527-1082 Ous#127050 holding of waste products prior to disposal. Some farmers are applying for this fast write-off on manure storage tanks. This aAows a complete white-off in tWo years. It is necessary to apply to the Department of the Environment, Environmental Protection service, Ottawa for acceptance, in order to have National Revenue allow this fast write-off. 3. Education Deduction This is a deduction of $50.00 for each month in 1972 during which a student was in a college or university. This is over and above the regular deduction al- By J.J.Hagarty ONTARIO MINISTRy OF AGRICULTVRE AND FOOD A number of important points have come up during recent meet- ings on Income Tax. I would like to share these with you. 1.Capital Cost Allows ice (Depreciation) On the declining balance (part XI), full Capital Cost Allowance can be claimed if the machine was purchased and de- livered to the farm any time throughout the year, that is, even on December 31st. No cash need be paid and therefore machinery financed would also qualify. You would be wise to take capital cost allowance on straight line assets first, before using capital cost allowance on Part Xi. This is because a terminal loss is available on Part XI. It is best not to switch assets from Part XVII (straight line) to Part XI (declining balance). If depreciable assets are switched from Part XVII to Part XI, you should keep very clear records. It is not the intent of the legislation to recover at any time the depr6ciation previously claimed under part XVII. Re- covery of depreciation can easily occur even though it is not in- tended, if sales of capital items are incorrectly recorded. tt 2. Accelerated Capital Cost Allowance Grain storage facilities and grain drying equipment - Special fast write-off rates have been set up so that this equipment can be depreciated in four years. Accelerated Capital Cost All- owance Program for Pollut- ion Abatement '- Class 24 -. Water Pollution; Class 27 - Air Pollution. This applies to storages for by Mrs. garl Dinsmore. The Penny Sale will be held April 26 to May 4 in KU s Store., Mrs. Teatero reported the Institute for Auxiliary Personnel . will be held April 10 and 11 at the Ontario Hospital Association Centre in Don Mills. The theme is Design for Learning - a Leadership Experience. Ap- proval was given for two auxi- liary members to attend the two- 'day school. Mrs. Tel.rero also announced toe Spring Conference for Dis- trict 2 will be held in Waterloo on April 30 with the Auxiliary to St. Mary's General Hospital, Kitchener, as hostess auxiliary. The theme, will be Action in the Hospital. Members were invited to mark the date on their calen- dars and make arrangements to attend. A bake sale will be held at the next meeting on April 10. by the farmer. "There is no community life now in parts of Northern 'Ire- land", he said, as he spoke of the bombings. During the night, he said, the' sound of bombings could be heard in the city of Belfast. Dr. Finnigan told of the anxieties and worries by the -relatives of the people killed. Mrs. Leo Teatero, first vice- president, presided for the meet- ing In the absence of the presi- dent, Mrs. W.C. Bennett. Mrs. John Turnbull, director of volunteers, reported the a uxi- liary is sponsoring ten candy- stripers doing volunteer work at the hospital, with six acting as spares. They work two hours at supper hour and longer periods on weekends and holidays. Thy Auxiliary IleP,rts and Flowers Dance on February 17, netted a profit of $496.35. The mystery prize was won "There is beauty in the rolling landscape," said Dr. Patrick • Finnigan describing his native Ireland when he spoke to the members of the Women's Auxi- liary to the Seaforth Community Hospital at their meeting Tues- day. He spoke of the fields marked by hedges and stone walls. lie said a day is said to be "a soft day", indicating its moist mildness. The climate in Ire- land is pot harsh and the seasons are not as marked as in Canada, he stated. Born in Dublin, the son of a farmer, he came to Canada in December, 1972, to continue his practice as a veterinary. Dr. Finnigan spoke of the farinimg community in Ireland and how the Common Market will bring an end to the small farms under 40 acres, unless they are shown to be economically feasible Marketing council rep will speak Ralph Ferguson, Alvinston, a member of the National Farm Products Marketing Council will- outline the programs and future objectives of the Council at the Sanford Valley Hall on Friday afternoon at 1;30 p.m. The meet- ing is being arranged by the Huron Soil and C roe Association. NEWS OF Constance Correspondent Miss Mary Mcllwain McGregor Top Quality BEEF Bottle drive is a success Government Inspected past week visiting with Mr. and Mrs. Frank Van der Molan, Paul, Mark and Margie of Oakville, Mr. and Mrs. John Whyte, Jef- frey, Andrea • and Kerrl of Oshawa. Mr. Jim Thompson spent the weekend with his grandparents, Mr. and Mrs. Terence Hunter of Colborne Township, Mrs. Luther Sanders attended the funeral on Saturday of her sister-in-law. Mrs. Ivan Bill of Exeter. Mr. and Mrs. E.F. Warren ' of London visited on Thursday evening with Mr. and Mrs. Reg Lawson, John and Elizabeth. Mr. William Reuger and Carol of Goderich Township spent Sun- day with • Mr. and Mrs. George McIlwain and family. Mr. and Mrs., Harvey Snell, Shane and Shannon of Blyth were Sunday visitors -with Mr. and Mrs. William Dale. Mrs. Ella Jewitt and boys visited on Sunday with Mr. and Mrs,. William Dowson, Brenda, Bonnie, and John of Varna. Whole Beef 86c Half Beef 87c The Canadian Foresters held a euchre party on Friday March 12th in, the hall with the following winners; Ladies high; Betty Hulley; Lone. hands. Mary Riley; Low, Fern McClure; Men's high, Steven Jewitt; Lone hands, Ken Hulley; Low, Wayne Ridley. The next euchre will be held in two weeks on Saturday evening March 24. The Foresters Family Bowl- ing Night will be on Sunday evening , March 18th at 7 p. at Noble Lanes. Sea-forth. As this is the last night of bowling for the season, everyone is asked to bring lunch which will be served at the hall. Congratulations are extended to Mr., and Mrs. Jim Thompson on the birth of a daughter, Renee Grace, on Wednesday, March 7 in Goderich General Hospital. Mr. John Turner of Tucker- smith visited on Wednesday even- ing with Mr. and Mrs. Reg Lawson, John and Elizabeth. Mrs. W.L. Whyte • returned home on Monday having spent the Cut and Wrapped Quick Frozen Free Delivery Within 10 Mile Grant McGregor Phone 262-5839 Team effprt was the key phrase on Saturday as Team Huron launched a successful bottle drive. About 35 members of the group took part in the drive which covered Exeter, Clinton, Huron Park, Vartastra and rsur- rounding communities. .• The group not only collected ref rrnable bottles but also col- lected non-returnables as an ef- fort to help curb the environ- mental pollution that broken glass causes. Co-ordinators for the project, Gord' Pryde, Peter 'Kleinstiver and Bill Cummings, feel the res- ponse from the areas covered was excellent and added it shows an interest in ecology—on the part of the commun.ity. A portiOn'oi ;Se money raised -.r will go to ' the" Boy StdtitJ Cub Scout units in the Clinton and Exeter area. The balance will go towards activities of Team Huron. For the purpose of the election, 111 Team Huron is associated with the Don Southcott Action Team. Officials stressed that the esti- mated $500 raised in the bottle drive will be used to support post-election youth activities in Huron County. Dublin speakers r. Farmers credit, a farm must have a rest- • hqici meeting' ci -H clubs McKILLOP III The mcKillop In Knit-Wits held their meeting at the home of Mrs. Van Drunen . They cut out fabric and discussed the different types of knit material. The next meeting is set for March 19. SEAFORTH III Seaforth II met at the home of Mrs. Brenda Thompson for their second meeting. The girls decided to name their club "The Knit Knacks". Alterations. justments, marking and cutting of material were discussed. Huron County Junior Farmers met at the OMAF office in Clinton when business was con- ducted by president. Faye Ribey. Gwen Bosman read minutes and reports were given on the activities of the various con. - mittees. 'A band and location for the formal were discussed and it was suggested that the formal committee meet to arrange these matters. Keith Williamson gave the provincial director's report. I. - An invitational broom'iall tournament is being held at Forest by the Plymptom Junior Farmers Clut4-, on April 14th. - The annual meeting and provincial conference will be held on March 23rd, 24th an d 25th at the Inn on the park in Toronto. Seven delegates ft.( m HiTin may go. - Spring Competitions will he held at Ottawa on April 7th. (Continued from Page 1) Th e winners were presented with trophies by Kenneth Cole- man, president of the Seaforth Optimist Club. They are now' eligible to participate in the Optimist zone finals to be held in the Legion' Hall in Seaforth, April 5. They will be com- peting, with winners from con- tests) sponsored byr other mist Clubs in the Western On- tario Zone --Stratford, Alma, Elora, Arthur, Moorefield, Owen Sound and Vanastra. The other five contestants from St. Patrick's School were; Jean Bruxer, Sally • O'Rourke, Maureen Delaney, Donna Mc- Grath and Jim Delaney, all of Dublin. From Seaforth Public School were; Susan Kunder of Sea-forth, Jayne Baker and Linda Heard both of liarpurhey; Vanda Storey of R.R.1, Dublin and Robert Thompson of R,R.2, Seaforth. From Huron Centennial School , at Brucefield: Laura Taman of R.R.1, Varna; Jane and Jeff Allan of R.R.1, Bruce- field; and Dale Parsons of R.R.1, Hensall. The judges for the contest held in the Seaforth public School were; Miss Mabel Turn- bull, Richard Burgess • and Kenneth Oldacre. Remember! I't takes but a moment to place an Expositor Want Ad and be money in pocket. To advertise, just Dial Seaforth ,527-0240. LOOK Itliguideyou r through tie new tax to ,c, the blue pages ot the'nevsi tax guide are six steps wnicn exp\a\nnoW to fill in your torrn• t sOggest that ll \jou lollo\N the steps carefully , ,hances are NjoQ,149et r\ight.PUtll \jou still haVa a problern, arid it \sn'tS01\1Cd in the detailed pert of the guide, call or go to your District Taxation Office_ For rriore help, visit or sirnplv Gall your t:)strc,t-Ca•if,a.'6on Otf\ce,1t A's long 6\s- ,tance, d \ al the operator and ask 101 ZE1414.1 04000 gsiree). . it' s easier thanit looks FOR LIBERAL COMMITTEE ROOMS in the Interest of 'a* Jack Riddell kr, tee Located in the former Brian's Hairstyling Salon next to CRICH'S BAKERY Be\ienu national, ‘roPa PHONE 527-1570 or 5271571 FOR INFORMATION EACH WEEK HERE in the he Aurrin Polls Open from 8 a.m. to 7 p.m. xpositror • Advance poll (Continued from Page 1) the preliminary voter's list and approximately an additional 100 names were added following re- vision of the list. Out of a possible 21,775 voters in the 19'71 provincial election, 16,939 votes were cast. With the exception of those in Goderich, qualified voters wha find their names do not appear on the official list may be sworn in on voting day and may still vote. Because Goderich is classed as an urban area, however, a voter's name must be on the list before he can vote. $1000.00 in- come (non-taxable) The parent can still claim the $550,00 deduction for a child sixteen or over. The student can claim the $50.00 per month to reduce taxable income to zero and any remaining amount can be claimed by the support- ing individual, 4. Quota One-half of quota purchased in 1972 or later can be set up as an eligible capital account. Ten percent of this amount can be claimed as an expense on the declining balance method. 5. Basic Herd Many farmers think that basic herd is being phased out over ten years. This is not so. You can reduce basic herd by ten percent a year on an optional basis. The alternative Is to keep basic herd until final sale. There Is a mandatory reduction only if the total herd numbers go below the basic herd total. You should submit a change of inventory each year with the income tax return. 6. Grants Not Taxable. The Ontario Farm Tax Re- duction Program funds are not taxable. The grant received for Elm Tree Removal is now clas- sed as taxable income. The expenses of removal are allowed. This is a change from previous information. There has been a great deal of confusion on this point. Income and expense need not be reported if the cutting was done by a contractor, 7. Statement Of Capital Disposi- tion - Schedule 2 This will be used when sha y real estate, bonds etc. are sold., At the bottom of this form is an election to establish cost at fair market value on Valuation Day. Do not sign this form unless it is to your advantage. If you do not sign this form, the median rule will apply for assets acquired before 1972. Once you elect to use Valuation Day value, there is'no possibility of switch- ing. 8. Ontario Property Tax Credit This applies to many who normally do not file income tax forms e.g. senior citizen ten- ants and post secondary school students. To qualify for a tax dente on it. For example, if a xesidente is' 'I-situated, ..400; cacie fatiri;'i then 'tn'e• rola' ' municipal taxes paid on the farm land, farm buildings and resi- dence would be included when calculating occupancy cost. Where there is more than one residence on the farm, the,owner must exclude from calculation of occupancy cost of his principal residence all the municipal taxes which apply to the other resi- dence. 9. Interest Income From Bank Accounts In Wife's or Son's Name. If you have transferred pro- perty to your spouse or to a person who had not reached the age of 18 as of December 31st, 1972, income from that property is to be included in your in- come. However, if children working on the farm earn a wage, and establish a bank account, then the interest earned is in- come to the child and does not have to be added to father's in- come.