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HomeMy WebLinkAboutThe Citizen, 1995-07-19, Page 17INVESTING IN MUTUAL FUNDS Featuring Dave Redwood from Trimark * Brussels Arena * Wed., Sept. 27 8:00 p.m. Call to reserve your seat Linda Henhoeffer 1-800-667-3887 335-3887 THE CITIZEN, WEDNESDAY, JULY 19, 1995. PAGE 17. Huronlea residents entertain seniors By Mary Gibbings Program Director and Volunteer Co-ordinator Along with the regular programs on a day to day basis June was a very busy month at Huronlea. Some of the staff had holidays to use up as well. Rev. Cam McMillan led the church service in the chapel on June 4. June 6, the Grade 4 class from Brussels School "Buddies 'R' Us" program visited the home. Every Saturday afternoon there is piano and organ music in the sitting room, thanks to Marion Eadie and Karen Cardiff, Mary Bryans and Alice Brothers. The talents on the piano and organ are enjoyed by everyone. Rev. Nancy Beale, Anglican minister from Brussels led the church service in the chapel on June 11. Residents Council was held in the fitness room at 10:30 a.m. on June 13. In the afternoon the monthly birthday party was put on by the Fordwich Senior Citizens Club. They provided the goodies for the afternoon and a good lively musical program. Goderich Reeve Bill Clifford has thrown his hat into the ring to become 1996 Huron County War- den. Clifford told the July 6 meeting of council that he would seek the position. Traditionally the July meeting is when councillors indi- cate their intentions to seek the office. No one else indicated an interest in seeking the office. *4.* Council approved the hiring of Kenneth Nix to fill the vacant posi- tion of treasurer. Nix who is a certified manage- ment accountant, will begin work Aug. 8. He has been manger of budgets for the City of Waterloo for five years and served as acting teasrer for a time last year. He replaces Bill Alcock who retired last month. *** Pat Hamilton has been promoted to assistant curator of the Huron County Museum and the Huron Historic Gaol. Hamilton has worked at the museum for several years. She succeeds Raymond Scotchmer, who retired officially on June 23. *** A consulting firm will be hired to FIREWORKS DISPLAYS Many communities and families hold fireworks displays on long weekends during the summer. These displays, while spectacular for people, are terrifying for many dogs, cats and other animals. Animal shelters and pounds receive numerous calls from people whose pets became frightened during fireworks displays and ran away. To ensure your pets' protection, please keep your four-legged family members inside during these displays - and inform others of how they can protect their pets during these exhibits. Brussels Mennonite Fellowship (519) 887-6388 Worship Service 9:30 a.m. Jesus is Lord Guests Welcome June 21 Don Dunbar entertained everyone on the piano with tunes for everyone to enjoy. Thank you Don for taking the time to come to Huronlea. Every Thursday, Mass is held in the Chapel. Father Joe Nevitt leads the service. June 18 Capt. R. Scott, Salvation Army Church, Wingham, led the church service. Capt. Scott is moving away. We wish him the best, however his visits to Huronlea will be missed. June 25, Rev. Randy Banks - Walton United Church led the service at 2 p.m. June was an extra busy time at Huronlea as we entertained the outside senior citizens with a meal and an afternoon of music. We had the pleasure of having the following clubs visit us: Brussels Friendship Club, Blyth Senior Citizens, Happy Gang Seniors of Wingham, Londesboro Happy Gang, Come Alive Seniors Club of Gorrie and Seaforth Happy Citizens. We enjoyed all the visits. Entertainment was provided by "The Vincents" from Exeter on June 1 and "The Nashville Regets" from Goderich on June It. help the county determine what the impact would be of the county accepting several provincial high- ways into its road system. The Ministry of Transportation has raised the issue several times in the past of the county taking over some provincial highways including Highways 83, 84 and 87. With Deputy County Engineer Sandra Lawson currently working as project manager for renovations at the county court house, there isn't enough time available to do the research necessary to allow the county to know what is involved, so Denis Merrell, county engineer recommended hiring McCormick- Rankin Associates Limited to advise the county. The cost of the report, estimated at $10,000 to $20,000 (depending on the amount of information the county requests) will be paid for from the $42,000 the roads depart- ment will get for the use of Law- son's time on the building project. *44 A 15 per cent charge will be added when the county is required to spray weeds on private property. The Agriculture and Public Works Committee heard that in addition to paying for the spraying, Grey Central School Choir, under the leadership of Margaret Whitmore, entertained in the front lobby, on June 6. The UCW from Walton visited Huronlea on June 7. They toured Huronlea after which some of the women expressed an interest in volunteering. Men's breakfast was held on June 16. This was a tribute to the fathers for Father's Day. A big thank you goes out to Leona Armstrong who faithfully brings in flowers to Huronlea for our front lobby tables. These are very much appreciated by everyone. To all the residents who are in the hospital a speedy recovery. To the families who have a lost a loved one our sympathy goes out to each and everyone. We welcome Mrs. Annie Williamson, Mr. Ed Thompson and Mr. Jim Ellis to Huronlea. Thought for the Day: Life itself can't give you joy Unless you really will it. Life just gives you time and space, It's up to you to fill it, to let your own shine. there could be costs for the weed inspector's time and travel ranging from one hour for a small parcel under one acre to three or four hours for large parcels such as rail- way rights of way. Actual spraying costs can be from $75 to $150 for a small property to $500 to $1,500 for a large one. The additional 15 per cent charge will be put on top of this cost. *** The county will enter an agree- ment with Northern Cross Pipelines Limited to allow natural gas from wells south of Lucknow to be piped to Belgrave where it can be added to the new 'Union Gas pipeline heading north from Blyth to Wing- ham and Teeswater. The low pres- sure line will go along County Rd. 20, with a compressor station built at Belgrave to increase the pressure so it can enter the Union Gas pipeline. S.** Welfare rates continue to drop in Huron. The number of cases declined 2.36 per cent between March and April (representing a decrease of 4.45 per cent in the number of people in families sup- ported by welfare). This is a drop of 15 .per cent from April 1994. Charitable donations It pays to give By Linda Henhoeffer Financial Advisor Grandmas used to tell their grandchildren 'giving is better than receiving'! As children, most of us had difficulty understanding this concept. Today, that idea could be changed to 'it is better to give than to pay income taxes'! Most of us can understand this concept very easily. We Canadians are a nation of generous people. Canadians donate over $5 billion a year! Also, the federal government encourages us to give through income tax breaks on charitable donations. This is how it works. On the first $200 of charitable donations, we get a 17 per cent federal tax credit. Any donation above the first $200, gives us a 29 per cent federal tax credit. For example, if you gave $500 to your local charity and you were in the lowest tax bracket, ie. you earned less than $30,000 per year, then your $500 donation would generate a tax savings of $121 in federal tax and $70 in provincial tax. Total tax savings is $191. So, your $500 donation only cost you $309 because of the income tax savings. In other words, the tax savings is 40 per cent of your donation if you are in the lowest tax bracket. For those who are in higher tax brackets, ie. earning more than $30,000 per year, then the income tax savings are even greater! For couples, giving is made even easier. The federal government allows spouses to claim all their donations on one of their returns. One spouse can claim all the donations regardless of which spouse's name is on the receipt. This allows us to take advantage of the higher tax break on donations over $200. Another strategy with donations is to save them and claim contributions for a couple of years on one year's tax return. This takes advantage of the five-year carry-forward rule. Caution: to claim a tax credit in a year, donations generally cannot exceed 20 per cent of your NET income. Any excess contributions can be carried forward for five years. However, this 20 per cent limit does not apply to gifts to the Crown. Most universities, hospitals, libraries and museums have set up 'Crown foundations' so donors are not restricted and can receive full credit up to the amount of their net income. It is best to plan charitable giving while you are still alive rather than leaving full distribution to your estate. In a Will, if the donations exceed the 20 per cent net income limit, the excess can only be carried back one year and there are no carry forward provisions. Thus a portion of your donations may be made with after-tax dollars. This will reduce inheritances for other beneficiaries. Life insurance can be used effectively to increase your charitable donations. You can take out a life insurance policy on yourself and name your favourite charity the beneficiary. At your death, the charity receives the face value of your policy. In the meantime, the premiums for your policy can be claimed as a charitable donation each year. Another choice is to donate an existing whole life policy which you no longer need for your estate. You will receive a charitable donation equal 'to the cash surrender value. Caution: this may trigger income tax payable on the cash surrender value. This should be checked before assigning the policy to the charity. As all the levels of government cut costs and services, Canadians will have to rely more on each other. Hospitals, universities and other charities will need our financial support to continue their services to our communities. With the tax break on donations, it pays to give! Huron County Entrepreneurs are invited to attend a Seminar How To Start A Small Business (Free to Attend) Wednesday, July 26, 1995 12:00 p.m. (Noon) at Goderich Employment Centre 52 East Street Goderich, Ontario Sponsored by The Huron Business Development Corporation To Register Or For More Information, Contact Donna at (519) 527-0305 County council briefs K. Nix new treasurer