The Rural Voice, 1986-06, Page 70ADVICE
a partnership disposes of any
depreciable property, any capital
gains or recapture of capital cost
allowance are included in the part-
nership income — before alloca-
tion to the partners.
The tax department takes a very
close look at all spousal partner-
ships. In particular, it's going to be
looking at what type of services the
spouse/partner is providing, how
much capital has been put into the
business by that spouse, and the
profit sharing ratio.
So if you and your spouse are
going into a farm partnership,
make sure you have an airtight
agreement, live by the terms of the
agreement and get professional ad-
vice.
Dollar Sense offers general
financial advice by members of
The Institute of Chartered Ac-
countants of Ontario. Victor Falko
is with Birnbaum, Prenick, Stekel
and Co., Chartered Accountants,
North York. C
Need hand
protection
Agricultural work often gives
rise to severe chapping, irritation
and injuries to the hands. Hand
protection in addition to gloves,
includes barrier cream which can
be applied before work to shield
the skin from grease, paint, dirt,
etc.
A pair of stout leather or
leather -reinforced gloves gives
good gripping power and protects
hands when handling rough or
abrasive materials and some sharp
objects. Special, heavy leather and
asbestos gloves are available for
welding or cutting.
Gloves coated with rubber or
plastics offer protection from
petroleum, from some solvents
and agricultural chemicals. The
use of gloves requires caution.
Often, rubber and neoprene gloves
are used regardless of the solvent
nature. Some solvents can quickly
penetrate the gloves affecting the
skin.
Gloves must fit hands correctly.
Tight or overly large gloves in-
terfere with dexterity and overly
large gloves are especially
dangerous around moving parts.
Rinse rubber gloves free of
chemical before removing. C
BAKER'S NURSERY
• Potted
This is an excellent
We have a
large selection
of over
3000 TREES
has
Beautiful, Mature
TREES
• Wire Basket
time to tag your beautiful tree for fall planting.
Complete Line
of
Nursery Stock
BAKER'S NURSERY
"Quality Merchandise At A Fair Price"
RR #2 Bayfield
519-482-9995 (closed Sundays)
J
Is Your Property Adequately Insured?
Call the Howick Mutual Broker nearest you,
to review your insurance coverages.
Don't wait until tomorrow.
lei
ESTABLISHED 1873
MUTUAL INSURANCE COMPANY
howick
Wroxeter. Ontario
NOG 2X0
Tel (519) 335-3561
JUNE 1986 69