HomeMy WebLinkAboutThe Wingham Advance-Times, 1942-09-10, Page 2THE NEW INCOME TAX
PART I - As it Affects
SALARY AND WAGE EARNERS
1. Question: WHO MUST PAY?
Answer; All persons in receipt of incomes over
$660 single-or $1200 married,
2. Question: WHAT FORMS DO YOU
HAVE TO FILL OUT?
Answer: Unless you are single, without de-
pendents, and not making payments for
allowable personal savings (Item SD), you
should Ale Form TD-1 with your employer.
Otherwise he oast deduct the amounts pro-
vided by the Table of Tax Deductions for a
single person without dependents or personal
savings,
If 34 or more of your income conies from
salary or wages, you must file your 1942 Income
Return by 30th September 1943. If your in-
come is not over $5,000, including not over
$100 from investments, you will use Form
Ti-Special; otherwise you will use Form T.t.
3. Question: WHEN AND HOW IS
YOUR TAX COLLECTED?
Answer: Your employer is required by law to
make deductions from your salary or wages on
account of your 1942 tax during the period
September 1942 to August 1943. Each deduc-
tion must be the amount provided by the
03,!licial Table of Tax Deductions for your
elirrenf rate of pay, and family status and per-
sonal savings as declared on Form TD-1
(Item 2 above).
The Table is designed to collect about 90%
of the tax on your salary or wages, leaving
a balance of not more than 10%, in most cases,
(plus tax on your other income, if any) to be
paid with your Income Return to be filed in
September 1943.
If your salary or wages are less than y4 of
your income, you must pay tax on your other
income by compulsory instalments, tSee
Part II below).
4. Question: WHAT CONSTITUTES
TAXABLE INCOME?
Answer: Your income is made up of your full
salary or wages before any deductions whatso-
ever, plus living allowances, gratuities or
bonuses (including cost" of living bonus) and
the value of any board, living quarters or sup-
Plies, etc., given you by your employer. It also
includes such receipts as interest and dividends,
rents tatter to-.es, repairs, etc.), royalties and
annuities. From your total income you :deduct
payments (up to $300) into certain 'types of
employees' superannuation or pension funds,
charitable donations up to ID% of your income,
and medical expenses over 8% of 'your income
('maximum-'$400 single, $5110 married, plus
4100 for each dependent up to four), to find
the amount of your taxtiblr income.
S. Questiou: HOW mucti DO YOU
PAY?
Ansaerr: (.A) Normal Tax-(Whillever Tate
is applicable is applied to the full amount of
A booklet entitled
"YOUR 1942 INCOME TAX"
will be available shortly
at offices of Inspectors
of Income Tax.
your taxable income from the first to the last •
dollar)r
(1) Single-
with taxable income between $660 and
81800-7%
with taxable income between $1800 and
$3000-8%
with taxable income over $3000-9%
Married (or equivalent status)-
with taxable income over $1200-7%
(3) Dependents-tax credit for each-$23
B) Graduated Tax-
(1) On first $660 of taxable income--No Tax.
30% on next $ SOO 55% on next $ 5,000
33% on near SOO 60% on next 7,000
37% on next 1000 65% on next 10,000
41% on next 1500:70% on next 20,000
45% on next 1500 73% on next 20,000
50% on nest 3000 ,S0% on next 30,000
SS% on excess over $100,000
(2) Married (or equivalent status)--tax
credit-$150
(3) Dependents-tax credit for each-up
to $S0
(C) Surtax-4% on investment income over
$1500 without exemptions.
NOTES
(1) In no case are you required to pay a net
tax (Le., after credit for dependents)
which would reduce your taxable income
below $iSSO single or $1200 Married,
(2) if a wife has aneerned income over $660,
then both she and her husband are taxable
as single persons, but any amount a wife
corns does not affect her husband's right
to be taxed as a married person. A married
woman is taxed as a single person under
all circumstances except only when her
husband's income is less than $660.
(D) Tax Credit for Personal Savings-
You may deduct from the savings portion
of your tax (Item 6) 1942 payinents on
account of-
(1) an approved employees' (or trade
union) superatinuation, retirement
or pension fund;
(2) premiums on life insurance policies
issued prior to 23rd June- 1942 (if
issued after that date ask your in-
surance company or Inspector of
Income Tax);
annuity or savings policies not post-
ponable without substantial loss or
forfeiture; and
(4) principal payments on a mortgage
or agreement of sale, existing prior to
23rd June, 1942, on one residential
property;
provided (a) they do not exceed the
savings portion and (b) receipts are pro-
duced for the payments when filing your
Income Return.
National Defence Tax-
This tax does not apply after 31st August,
1942. The deductions made during
January to August 1942 apply as a pay-
ment on account of your 1942 tax.
6. Question: HOW MUCH OF YOUR
TAX IS SAVINGS?
Answer:
(1) Single-the lesser of
(a) ,Y2 the total of your Normal Tax,
Graduated Tax and Surtax; or
(b) 8% of your taxable income (maxi-
mum $800) plus i% for each
dependent (maximum $100 for
each).
(2) Married (or equivalent status)-the
lesser of
(a) 1/1 the total of your Normal Tax,
Graduated Tax and Surtax; or
(b) 10% of your taxable income (maxi-
mum $1000) plus Pr'r for each de-
pendent (maximum $100 for
each).
You will get back the savings portion of your
tax which you actually pay, plus 2% in-
terest, after the war,
(2 )
(3)
(E)
'7. EXAMPLES OF AMOUNTS PAYABLE OT 1942 EARNED INCOME
(after allowing for National Defence Tax actually deducted Jan.-Aug. 1942)
S/NOLE -NO DEPENDENTS MARRIED-NO DEPENDENTS • MARRIED-2 DEPENDENTS
INI: EWE
TO. I, Txx
ONL1
1.,.a1-6n,c
SA1"GS L_1441 Tok lc
ONIA
Tat 1 NCIATIN5
S Oa NGS TAX
OW;
S ;so
1,000
1,500
-2;000
2,300
3,000
3,300
4)000 3.000
5 scso
139.67
297.20
507. 46
704.13
924.40
1,151 06
1.407 .73 t .504 67
5 14.7.5 .58.137
177 .20
.347.46
500,15
664.40
901 06
1,097 73 1,444 E.:'
-
-
3 162.20
364 13
5'67.46
`54:40
1,007 73 1,232 06
1,711 33
- - ' $ 53.66 164,13
317.46
494,40
4,57.73
$31 ,Ob 1, 211 33
- -- $ 25.66
174.50
378.13
5'95.06
'818.40 1;041.73
1.52.2 00
- --
$ 1.16
67,40
10 73
260,36
308.40
$61.74
922.00
PART II- As it Affects
PERSONS OTHER THAN SALARY and WAGE EARNERS
(Such as Business or profsional alien, investors, and persons on commission)
1. PAYMENTS-You must pay your 1942 Income tax
quarterly instalments beginnin on the fifteenth day of
October 1942. Remittance Farm T.7-B Individuals, to
be sent in with your payments, may be secured from
Inspectors of Income Tax some time in September.
2. RETURNS-You file your 1942 Income Return on
Form on of before the thirtieth day tlf April 1943.
NOTE:-Isems 1, 4, 5 and 6 of Part. I also apply.
ip YOU ARE AN EMPLOYER paying any.pers.nn on is daily., weehly, Snonthlp or any other
basis, it is your responsibility to deduct Income 'llax instalments finite the salaries or 14•ages you pay, comtnencing 117th !the first pay period 'beginning in September, said
send the amounts deducted to Your Inspector of Income Tam ',Atkin one 'week front the 1,2„1.-day,„ nee •genere Penalties for fa-flute to ilednet or Tenth. If you are itt dbxibt as
to y-cuir obligations to deduct, onnintunifttc lcitIt your Inspector of Income Tax et once.
OF CANADA DEPAIITMIZNT Or NATIONAL It
INCOME TAX OIVISION
cut ta.4 Awn:num= OUT VCR Mtn IttARENCE
oxwmatooner of hproimo
rkworr,
DOMINI4
bttICt4. 11561,1,
liOtOnicr Xiliookatt
k• •
c
Clear telephone lines for
ALL-OUT PRODUCTION
Your telephone is part of a vast interlocking system now
carrying, an abnormal wartime load. Don't let needless delays
holdup massages on which production efficiency may depend.
OTHER "WARTIME TELEPHONE TACTICS°
a. BE SURE you have the right
number ...consult the directory.
2. SPEAK distinctly, directly into
the mouthpiece.
3. BE BRIEF. Clear your line for
the next call.
USE OFF -PE hours for Long
Distance calls:before 9.30 a.m.,
1-2 p.m., 5-7 p.m., after 9 p.m.
These things may lnoh but
no 6,500,0004.44.tdePholi*
rals,, they are very tinPart4nt.
WINGHAU ADVANCE-VIIVIRS. Thurstlay, Sept 1.0th, 194Z
#000.4.1.0100...."01414.0.10wr
lotographic, campaign in, the Exeter
area and that other .charges are likely
to be laid, Accused will appear at
Exeter on September 18th.
Oodetich !Wants New HQ1405.
Goderich council endorsed a report
asking the 1Vartime Housing Board
i send a representative to Goderich
with a view to erecting badly needed
houses. The housing situation there
was discussed in .committee but there
was .no debate in open council. The
housing problem has been acute for
some time and on the advent of cold
weather is expected to become serious.
More and more men with their famil-
ies are coining to town to work on war
jobs.
Fall Proves Fatal
John D. Martyn, well-known Huron
Township farmer, died in the hospital
at Kincardine from injuries suffered a
month ago when he fell and fractured
his hip. He was 70.
••••••*.
'Kincardine Plans Housing Survey
With only a few vacant dwellings
in Kincardine, the problem of provid-
ing housing for some $00 workers who
will be employed, in addition to those
already with the firm, by the Malcolm
Plant which is turning to production
of plane parts is already causing some
concern, To meet this situation, Kin-
cardine Business Men's Association,
at a meeting, decided to complete by
September 12th. a survey of accom-
modation available in the town.
Believed Killed In Action
Tommy Jago, aged 22, of the Can-
adian lingin6:r Corps overseas is re-
ported to his relatives at Clinton as
missing, presumably killed in action,
Failed To Drill, Fined
Nine young men of Seaforth and vic-
inity, all members of "C' company of
the Middlesex Huron Regiment (Re-
serve) were each fined $5 and costs
or $8.50 in all for failure to attend
drill. The fines were imposed by
Magistrate J. A. Mak-ins, in county
.police court,
Faces Reckless Driving Charge
BroUghton, nineteen-year-
old El= township youth, must allo-
ver to a charge of reckless driving.
This has been decided by Crown At-
torney W. E. Goodwin, K. C,, follow-
ing his consideration of the evidence
introduced at the coroner's inquest in-
to the death of Otto Schenck, forty-
five-year-old farmhand, who died in
the Listowel Memorial Hospital, on
August 18th, as tlo; result of 11 collision
of two automobiles which occurred' at
the corner of No. 28 highway and the
4th concession of Elma township, on
the night of August 15th. Broughton
was the driver of the other car figur.
ing in the fatal accident.
PHIL OSIFER OF
LAZY MEADOWS
By Harry J. Boyle
It's a strange thing but a doll has
to acquire sort of a worn look before
Patricia Ann approves of it. Natur-
ally, by the time that she has acquired
a definite love for them, Mrs, Phil be-
gins to complain of their rather tat-
tered and bedraggled appearance. It
creates sort of a problem here at Lazy
Meadows,,
I didn't think much about it until
the other evening. Mrs. Phil was over
visiting Mrs. Higgins and I was left
to see that Patricia Ann went off to
her trundle-bed at the proper time.
First of all there was so much to be
read in the newspaper that the time
ticked off and I completely forgot
about my obligations to put the wee
lady in bed. She made the very best
of the opportunity and brought out her
full supply of dolls to litter the parlor
floor with,
There came .the time however when
the subject of going to bed had to be
introduced in a firm way. It was long
past the time when the golden curly-
head should hay: been resting peace-
fully on the pillow of her tiny bed.
She protested in a sleepy way at first
but allowed herself to be made ready
and then came the moment, Mrs,
Phil after a few nights of being away
only to come home and find Patricia
Ann in bed surrounded by dolls of all
descriptions made a ruling that only
one doll was to be allowed. One would
have to be all.
Patricia Ann stood in the centre of
the parlour floor and looked over the
array of dolls, There was that gorg.
eons, life-like one which a kind aunt
bestowed on her, There was the big,
black and white panda which I bought
as an extravagant figure in town one
day a pert Red Cross uniform-
ed doll, a dainty little, lady which the
hired man bought for her when he was
leaving to join the Air Force , and
so many others that she would, most
certainly pick,
She looked them all over. She
would pick one up and watch me until
I made a motion to take her into bed
„ .and then quickly put it down,
When 1 realized that she was neatly
stalling for time she stood fol a morrk,..
tnt in childish .concentration and then
picked up an old rag •doll which her
grambnother made for her one •thne,
She picked it above all the others.
Site wanted it for her companion,
and the rest of the fancy ones would
have to gel along by themselves.
One day when she was oat in the
yard she left her ddlls lying around.
After dark I gathered them up And
overlooked it. 'There was the rain that
night. We forgot all about the doll,
lint next day she demanded to know
where "Nanny" was, We couldn't find
it but two days later the pup brought.
it up on the veranda „ ..torn and
dirty and quite disreputable. Patricia
Ann immediately adopted it again and
put it back in with all the fancy ones.
Mrs, Phil threatens to burn it, She
says that it is a disgrace and that it
should be destroyed, And yet, when
you take the wee lady back for a walk
when you go for the cows, . . . ,She
will invariably pick up "Nanny" as
she• calls it. She would rather have
that queer looking bundle of rags with
the shoe-button eyes and the sewed-on
patch mouth than all the other fancy
ones..
and one of his ears were all but sever-
ed from his head. He was rushed to
Winghant Hovital.
Brussels Hydro Superintendent
The application of J. Thud), for the
position of Hydro superintendent for,
Brussels was accepted by the commis-
sioners, when they met to consider ap-
plications received for the position left
_Mated By .Horse vacant by the resignation of Angus ,
• Wm. Edgar, who resides on the W. Campbell. Mr. Campbell, who has
Jr:. Lynn farm, west of Fordwieb, suf- served faithfully as superintendent
fered painful iojories when koiked in since the installation of tehydro here in
the Abdomen and on the right upper 1924, has resigned owing to ill health.
arm by a horse, He is confined to bed,
but so far no serious complications' Mitchell Boy Receives D. F. C.
have developed. He teas putting his Th, Advocate is proud to announce •
team it the stable and gave the one • that a cable was received by his par-:
horse a slap to speed it up, when the cots, Mr, and Mrs. William Casey,'
2Zzi517A let go with its shod hoofs.---o from their son, Flying Officer George.
Fordwicla fiecord,
Former District Girl Overseas
Major Sorby, the first Canadian
Women's ...kruky Corps member to
3 each Britain, where she will organize
and complete plans for The corning of
the first contingent of W. A. C's, ▪ Brucefield pirl, the former Alice ,
Higgins. Mr. and Mrs. Ben Higgins!
and family moved to Clinton almost' dale, in the Creemore vicinity. A thirty years ago f rom Bru,cefil t3.• huge jrilling osatiit has anoved in and
Their dartghter, tow Major is now at work, It is said the geolo-
Sol-by, received most of her.eduoatioo gists are conrine..ed there is an oil res-
in Clinton sollools. Several years ago ervoir sonlewhere in that section of
olifn l fig i3as Ha hut Mrs. Higgins ~cared,* County. A wealthy syndicate
is now living in NV.Iitby, Ontario.-- is backing the work. In the meantime ,
Clinton NercS Record. property hold.ns in the peaceful valley:
are getting, excited aver he prospects',
Had Rough Sailing of an oil boom,
About fifteen Mildmay eitiacus had
Ate alarming experience on Lake lint,- Hanover Soldier :killed By Accident •
c,ti ?last Thinrsaky. Mot.riring to South- stark tragedy of war was again'.
hampton, they employea a motor brought bottle to Hanover when ..stir.
boat to go to a ,oA41 fishituz area 20 !fittlt Cooney received ward that her
tniZes north ni that town. A storm !Imiiband. Lance-13 cmabarair-r Hugh
,ctute sna.knly, and the wind la5hea I co,-,ney, 3S, had been accidentally kill-
the warts to It height of ::early six led it 'England on Tuesday.
sect. The anglers were tInee hymals I A brief telnoram from the officer in
reaelting shor:...-MiMma)... Gazette, leltarge of records, Ottawa, bore the
')Imessage: "Regret deeply A47064,
Appointed Branch Manager I T.a4ace-Pornba7rdier Ruth Albert Coon-
Mr. ?ten G. Waters of tctkitra ba•s ley. officially reported died September
been appointed Pratte) Ist.. n42, as exult Sf azziarmal
Supervisor in eliarge of $1,ees arki shot w.nna ablAnen. Pnrther in
etvie't :Or Cities Serre:oe ail Co,,- f.mmation follows oaten received,"-
pany in this .1iAtriet, Mr. Waters .Han•wer 1:1431;1"
Vutzeeeltz Mr..:`, Patten Goderich..
Itl)o liar b(4."..1 t51:$V01 to TOT .',1010 jEagitt• In Hanover
4tzr.ne-c.tf-sn duties;..-! Two large identiled by some •
Clittwe New Recor.l. observers as 'eagles, have been seen,
in This vicinity iatrring the Past wteek
Inve Sett.s. Serve or so. Cine :"ay last week residents
Mrs. S. Zt. Holmes of of the sotaeast section of town, tear
..414-1.!%na, have the ltonorir of baying the high school, watehtl the bir.is
fve ssns in Active seniee. Three in 'about a ocarter cvi an hour. Dnring
e R. C. A. P. are IZMY1111, stationed ;this time they swooped anl stared, ap•••
att 1,1-rolnlc.tta, nat.; ztatiley at ¶'rant- parenfly watching .s...a,ne objezt at the=
antl. lli:ton at Il.amlan. house. However, they secs ro
the R. 'C. ("4. C. at I...ortleat and el afrail to (lisappear-
rtel is in the‘R.. C. R. at Ilvantf,71.4.... ed toward the tort. The big birds
frkie Pres& lmve aUn been seen elsevehere in the
ectremunits.... and the oiler evoling
Ittttglinrittrtiktittter Setinnity 'mod' were perelte.1 rn the top ..74 s.,:).-ne tall
Seasz4is° .317 tr40:4 ziverloAtirag tie C. N. R. right of
been saiely stma. Alit Nit= pro- ivrx$,. at the Vest ittta Men Street* .
teelea to mote fie INanover Post.
.14.! barn ns.r. nitzlono: 17:is leant I
701.11,4 1.1.6.M.??4 11.1:4, :117 to."PbetogratIter Faces t tre
• rate it into 1710 1)artt, wa5 gaek Plt.togrt.!ph-
43- so when, te tZ'AltS. tOzat'.:.e fright* Itt. is it Comly tilargei
teed sttzei.: li tNeith itte theft of ."7,45 from at F&ieter
ri Alton, fk.r:orting N.-1:"An and i•cAir:ien. said N1,mar4 alreaI3,
tottritg hini. One Of his nrrns ...zit:ay.- !sentence ts!tich he rectiVed at
itts injured so tha.% be bet tZt 1fi13trdilit,W,i."-ketat, bat btett rtonlactirm
ft
VOR*1141114.1.1.14111.11111111.11.1.1144111..011441 llllll 1111.1‘1111111,1t.
NEWS
of the
DISTRICT
twwww l w llll 11110111WW.11 tttt § ttttt ttttt Ol1141311/.. tttttt
Casey, staring that he is to receive the:.
Distinguished Flying Cross, presum-
ably for valor in the battle of Dieppe.:
This is a great honour and it seems,
that it is brought right to Mitchell,
witls George being the recipient of it,.
--Mitchell Advocate.
Drilling Near Creemore
An oil boom :s anticipated in Smith-