The Lucknow Sentinel, 1981-04-29, Page 2aLi eknow S, i, W
29, nil
The Ontario Federation of Agriculture
(OFA) called today: ,. for a federal and
provincial interest rate assistance program
for Ontario's financiallypressed; farmers.
Beef and hog producers are hardest hit.
They facelow commodity prices on top of
increased costs and : high interest rates.
Farm bankruptcies in Ontario for the first
quarter of 1981:show a 77 per cent increase
over the same period last year.
The 100 farmers at the OFA's Board of
Directors' meeting in Toronto set a short
term`, rescue program as their highest
priority. It would,, include an independent
agency to review foreclosures, and forced
liquidations, as well as government assist -
once to, provide low cost refinancing and
forgiveness of some ' debt for those most in
need.
The OFA also wants a longterm program
including reintroducing the provincial Junior
Farmer Establishment Loan, and more
money for the federal Farm Credit Corpora-
tion as well as a review of its.. lending
criteria. The OFA also .wants, to reduce
interest rates by making interest on money
loaned to farmers tax exempt, and wants the
Small. Business Development .Bondprogram
broadened so more farmers can use it.
• The directors also called for an improved
provincial interestsubsidy program. This
would provide a refund on the difference
between 12 per cent and the prime bank rate
plus one per cent, and would apply to bank
and farm supply loans. The program would,
cover loans up to $250,000 for individual
farmers and $500,000 for partnerships.
Payments would be made quarterly.
By Joy Manley
Spiralling oil costs are turning home-
owners' eyes- towards energy conservation
for the winter freeze up but the outdoor pool
season has grabbed the eye of the energy
conscious too.
fere to give a helping hand withideas and
goods". is a new outfit in the Quinn Plaza
Kincardine, called Langside Supplies.
Moved from. Luelinow.
While new to Kincardine,- Andy Pratt and
Peter Gerster operated their store just north
'3i'Luckntow'for over a year before making the
decision to move to Kincardine.
They are now sharing a store with
Harborside Signs owned by, Dave Strucke,
"Anything that will save you a dollar on
your heating bill" sounds like the motto of
the supply store. They are involved in wood
stoves, window insulators, solar ' heating,
supplies and "Instant hot water heaters".
They can supply residents withinforma-
tion, do consulting work and offer general
contracting:. services for energy; 'efficient
housing: Mr. Pratt said they can do anything
from showing a homeowner how to do some
Work, to offering lists of the right material,.
to contracting it out.
There -has been kmost definite' increase in
dW'niand for energy conserving supplies, said
- Mr. Pratt with enthusiasm. "we have seen a
big change in it since' we started the.
business basically because we' have made
things available. One neighbour talks to
another neighbour," he said.
The effect on the business. has• "boomer-
anged" ' sales especially with the way oil
prices have gone.
The •partners became involved in conser i
Deductions
vation measures when they ran up against it
face to face. 2.
"It all started about five ''years ago from
living in very old stone houses and trying to
heat them efficiently and economically. We
started looking around at different systems
and after so much research . and attending
seminars, we decided to go into it," said Mr.
Pratt:.
They have met with glowing success since.
holding their grand opening April 10 and 11. .
(By the way, Bob Tout ; won the fireplace
insert in t he free draw that weekend.)
Langside Supplies will be installing five
different pool heating systems in the
immediate future in town and the surround-
ing area.
Mr. Pratt says they • have been doing
"exceptionally well" since opening in
Kincardine.
He was also impressed to know .Kin-
. cardine has ' appointed an "energy , watch=
dog" to look after municipal energy savings.
ew
*from , page ..1
can• close his Toronto practice and move
here.
This still leaves Wingham looking for one
more doctor, but Dr. J. C. McKim of the
hospital board's search committed° reported
he got another line on a prospective
candidate and is following it up. Nothing
concrete has developed, but the committee
is working, he said.
In ,this International Year of Disabled
Persons we are becoming aware of a bitter
truth:' it is very expensive to be handicap-
ped. This is why, when tax time comes
around, the disabled should make maximum.
use of all the deductions to which they are
entitled to help keeptaxto a . minimum.
One of the deductions specifically designed
to reduce the tax burden on the handicapped'
is the $1,810 deduction for blind persons or
those confined' to a bed or wheelchair. To be
eligible, the taxpayer must have been' blind
at any time in the year or confined to a. bed or
wheelchair . for a substantial period of time
each day for at least. 12 consecutive months.
'Medical expenses can also be deducted
fromthe income of a disabled person, This is
one of the -most advantageous deductions,
since these costs often representa large part
of a disabled person's expenses. All medical
expenses must, of course, be supported by
receipts. Remember, however, that a. handi-
capped taxpayer who deducts as medical
expenses amounts paid to an attendant or 'a
nursing home cannot also claim the deduc-
tion for blind persons or those` confined tt .
'ned to a
•wheelchair.
Since more than half of the disabled are
unemployed, they are often dependent on
another taxpayer. Therefore, anyone who
supports a disabled taxpayer may also claim
certain exemptions and deducations.
First, it the handicapped taxpayer does
not use all of the $1,810 deduction to reduce
taxable income to ° zero, the supporting
person ray claim the unused portion. The
supporting person may be the spouse,
parent or any other relative who claims the.
child or equivalent -to -married exemption for
the disabled person, or could have claimed
the deduction if the disabled person's
income did not exceed $2,990. Item 42 in the
Income tax Guide contains- more information
1 on these provisions. ,
A taxpayer may deduct medical expenses
..
paid for a disabled person, provided the
person depends on the taxpayer for support
or the disabled person's income does not
exceed $2,990. If it does, the taxpayer
deducting the medical expenses must
include the excess amount inhis own tax.
A taxpayer tan also claim a deduction of
$990' for a wholly dependent child or for a
disabled person over 21.
Obviously, these deductions and exemp-
tions will ' not solve all the problems a
disabled person must face every day. But if
full use is made of these: provisions in
completing a tart return, it. will bea step in
the right, direction. •
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[No Take -Outs Please]
NO! YOU'RE NOT DREAMINGI:
IT'S OUR l6th BIRTHDAY
and
we're celebrating!
II; .
and
to show our appreciation for your support,
we are reviving some 1965 prices
We would. like to_
. 11
nvite.
you to
tiepin and see our
newly 'decorated
�►
HERITAGE
Licenced - Under
1.. 1.,8.0. For Your
Convenience
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24:AY:SPECIAL
ON TOOLS
NAY 1 and 2
• FREE COFFEE AND DONUTS a,DRAWS FOR DOOR PRIZES
3/. h, p., BENCH
GRINDER .. .....:.....:...
AFTER MAY 2, $249.95
'Ix'" SOCKET SST
SIS" t RILL'PRESS
Bench Model
AFTER MAY 2, $349.00'
.. $155.95
$119.95
$239.95
5/8" DRILL PRESS
Floor -Model,. .
AFTER MAY 2, $448.00,.
14 pc. Combination
Wrench sets
• AFTER MAY 2,$59.95
•
TRUCKLOAD'OF TOOLS WILL BE HERE FRIDAY MAY 1.
BUY RIGHT OFF THE TRUCK K AND S `V 20%
Man ,, More Unadvertised Specials