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HomeMy WebLinkAboutThe Brussels Post, 1973-03-21, Page 12HoW CAN G --r Him TO !^1 KE 1‘15- pc oR .\./N1 Nari Ms ? For And About Teenagers IZ4iMON TOCJll /1? I/ by ANGUS SHORTT Ducks Unlimited • 4,0010- " /7.,_..A1 0 11111 P P GALLINULE or *Moorhen found in marshes in eastern Canada, principally Ontario. It has been recorded in Manitoba. It closely resembles the toot, with a similar head-bobbing action as it_ swims. However it differs in having a red instead of white bill and the long, slender toes lack lobes. The head is black, the body dark slate grey with a line of white feathers along the sides and a white patch under the,tail. Likes the Lgedy, shal low areas where its nest, a Shabw structure of reed stalks, is woven into supporting reeds, usu- ally over water. 10 or More buff-colored eggs, speckled with dark brown are laid. .DIAL DIRECT•88-74. 6641. .11,41.41E 'MAttat2i 19'3 STEPHENSON'S Bakery COUSIN'S BUTTER Regular 75c dozen APPLE' SQUARES Green Giant — 14-oz. CORN and BEANS 14iYLMER CATSUP - Grocery lb. 7 10 doz. 550 2 for 490 25-oz. 490 Free Delivery Phone 887 9226 OPNOTCH TOPNOTCH FEEDS LIMITED SPRING is not far away and FARMERS would be well advised to order your SPRING SUPPLIES EARLY. WE AT Topnotch Feeds Ltd. Can supply you with all your requiremen such as • SEED GRAINS • GRASS SEEDS 40 FERTILIZER Why not call at our office and let us tliscuss with you our service — supplies and Competitive Prices. McCutcheon Grocery Free Delivery Phone 887-9445 Dares Chocolate Chip, Chocolate Fudge 2-lb. or Peanut'Butter Chip sag cookies 28-oz. 990 Weston's — 2 loaves per pack Bake 'n Serve BREAD Reg. 43c 330 COFFEE RICH, 16-oz. • 21490 Schneider's SMALL LINK SAUSAGE ..... lb. 790 6 lb. box $4.69 the Cl As It Brussi spons have n very a this co awaitir appeal. could Crippl of all special to live genero now in along v Don't I ecause Take tl cripple the yea The taking c Cancer and the he mon be grab anyone a the as tact Jim Ian hel When a ollars tinue the cancer c a boost. cancer it dollar do fo resea.r services t ype of ant ca 11 cents task of th 'f Qntar i antler I fight the goeS for ents for dents goi Of fent' pa The Soc Canadian and cloriat as rotor One t about the our` bra ; had been etti hahge yt and Jiggle Otigh brc itiii $500,000 plant for .Seaforth area Discuss income tax problem The Ontario Bean Grewers' 00-operative plans to erect a $500,000 processing plant east of Seaforth, according to Charles. Rau, R.R. 2, Zurich, Huron county director of the co-op. Mr. Rau said he wished to clarify recent news stories which had suggested the plant could not be built because of lack'of financ- ing. Land has been purchased, Mr. Rau said, and approval by the Municipal affairs ministery of the necessary severance is ex- pected shortly. He said construc- tion would commence im- mediately with completion by Sept. 1, ready for the 1973 crop. The proposed plant will have an initial capacity of 100,000 cwt., or the production of about 8,000 acres. Capacity can be doubled by adding storage faci- lities. The plant will be erected just east of Seaforth, on the THIS WEEK'S LETTER: I like this one boy. He. sometimes acts as if he likes me, but last year he `really liked my girlfriend. Some- times he acts 'as though he still likes her and at other times he acts like he`likee this other girl. How can I get him to like me or even notice me? I'm new at this school, so I don't know all the kids since first or second grade. I'm in the seventh grade. I need your advice. This boy is super. Please help. And don't suggest 'starting a conversation because I can't carry on a good conversation with anyone, let alonge start one! OUR REPLY: He may be border of Huron and Perth Coun- ties and adjacent to the C.N.R. tracks. It will provide a convenient market outlet for bean growers in the area, particularly those north and west of Seaforth where growers suggested that marketing facilities have been too distant for fast, efficient handling of the crop at the critical harvest stage. From six tole permanent jobs will be created, according to Mr. Rau. Financing of the plant is being arranged from private sources, as well as from the Co-operative Loan Branch. Mr. Rau said that a number of institutional lenders have agreed to provide funds for the project, on the strength of the co-op's excellent profit record in recent years. At the present time, the co-op's London plant handles about 10 1/2 per cent of the Ontario crop with a market value of over $2 million. . super, but he doesn't sound like he's in the mood to go with any- one as a steady. He's enjoying himself and acting his age. Don't worry so much about getting him to like you. You should be at that stage in life where you are developing social graces (such as the art of holding a conver- sation) so that you can have an exciting and friendly personality. Now is the time for you to start learning how to converse like a mature person, because no one likes, to talk to a teenager who still talks like a child. Con- versation is easy and fun - think of it that way and you'll have no problem with it. BY J.J.lia.garty ONTARIO MINIS TRy OF AGRICULTURE AND FOOD A number of important poitits have come up during recent meet- ings on Income Tax. I would like to share these with you. 1.Capital Cost Allowance (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 Tine assets first, before using capital cost allowance on part XI. This is because a terminal less 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 depreciation 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. 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 holding of waste products prior to dispose). Some farmers are applying for this fast write-off on manure 'storage tanks. This allows a complete write-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- lowed. The following example shows how 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 $1000.00 in-. come (non-taxable) The parent can still claim the $550.00 deduction for e. 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 purehased 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 &Alike of inventory each year with the income tax return. 6. Grants IVot Takable, The Ontario Patti Tax tte- ductiOtt Program funds are not taXa.ble, The grant received for EIM Tree Removal IS no* Clas- sed as taxable income. The eXpenSeS of reniciVal are alloWed. This is a change from previous inforitiation. There hag been A great deal of confusion On thit 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 shares, 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 credit, a farm must have a resi- dence on it. For example, if a residence is situated on a 100 acre farm, then the total municipal taxes paid on the farm land, farm buildings and rest- Owe would be included when calculating occupariey 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 Atcounts 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. Remember! It takes but a moment to place a Brussels Post Want Ad and be money in pocket. To advertise, just Dial Brussels 887-6641.