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HomeMy WebLinkAboutHuron Expositor, 2000-02-23, Page 1010 -THE HURON EXPOSITOR, F.bruary 23, 2000 Correspondents Barbaro Scott photo Legion- poster and poem contest winners Youth education chair Charles Perkins, at left and Branch 156 Seaforth President Linda Gridzak, at far right, presented awards to winners of the legion poster contest including, back row from left; first place senior black and white poster, Jennifer Smith, first place senior colour poster, Pam Kaufman and second place senior poem, Samantha Sturge and front row from left, third place junior colour poster, Kaiiie tang and first place senior poem, Curtis Ryan. Certificates and prizes given to poem and poster winners Seaforth Legion News At the general meeting last w ziducation Chair man Charles Perkins presented certificates and prizes ers at the zone level. Poems..Essays and Posters contest to: Curtis Ryan. I,.. ,lace senior poem Pam Kaufman. I st senior colour poster; Jennifer Smith, 1st Senior black and white poster;, Katie Lang. 3rd junior colour poster; Samantha Sturge, 2nd senior poem. In the District C competition Jennifer Smith received a 2nd place. Pam Kaufman was 3rd and Curtis Ryan 4th in their respective classes. The zone Public Speaking contest is to he held at Branch 156. Seaforth on March.4 at 9 a.m. Come out and support our local speakers. The Provincial Service,Officer will he at the Legion on March l0"at 9:a.m. Contact Mary DeJong, Service Officer for an appointment 522-0474: The Legion 75th Anniversary sale of tulips to_ memhers and the public is underway. Contact the Legion at 527-0740, Ann Wood atr527-0254 or Thelma Coombs at 527- 0562. The Zone Cl Convention will be held at Blyth on March 12 at 2 p.m. At the going down of the sun and in the morning we will,rememher them. 7^ i'. ..x ..:..a�a FINANCIAL ADVICE FINANCIAL PLANNING STRATEGIES FOR YOUR FUTURE Personal Tax Tips There.are a few tax break opportunities for the employee of a business. We will explore expenses paid to perform your employment duties. Do you purchase goods or services for business pur- poses? You may have an opportunity to reduce your tax- able income by preparing a statement of employment expenses (form T777). This may be available if your pur- chases are not fully reimbursed by your employer.' Some eligible expenses' include automobile expenses, meals and tips and work space in home expenses. 'Allowable automobile expenses include operating costs. financing chargesor leasing costs and capital cost • allowance. Thee are prorated based on the kilometres dri seen to'earn-employment income overthe total kilometres driven in the year. It is important to keep receipts and log business and total kilometres driven. If you,buy meals for clients as part of your employ- ment duties. you are eligible to claim 50�Ic ofthe meal and tip as an expense of employment. Keep your receipts and record the purpose of the meal. ' Work space in home expenses are available only if • • you meet the restrictions. The work space must be where you principally perform your employment duties or it is , used exclusivelyon a regular and continuous basis for meeting people while performing your employment duties: These can be onerous to overcome unless your activities are well planned. Mortgage interest and capital•cost allowance are specifically excluded. " To be able to use the above entitlements. it is manda- tory that you have your employer certify that these expens. es were required as part of your employment. Revenue Canada has a "Declaration of conditions of employment" form (T2200) available specifically for this purpose. Information provided is bnefand is not complete. Consult your tax advisor for detailed planning that is spe- cific to your circumstances. Shawn W. Lester, C.A. from the firm of John A.M. Norris Chartered Accountant the ABC's of RRSP'S Suffering from Registered Retirement. Savings Plan (RRSP) information over- load? Uncertain as to why. when or how much you should contribute to yotir RRSP? Before making your` RRSP decisiohs this year.. be sure that yoti understand the hasics of RRSP invest- ing. Here is some informa- . tion 16 help you get started. Mir sl►oulcl you contribute to an RRSP.' RRSPs help reduce your • taxes because you can deduct the amount of your RRSP contribution from your taxable income. As. well; your RRSP will grow in value, without attracting tax.. allowing you to save for retirement. The theory is that by the time you need to draw funds from your RRSP, your income will be lower, and the withdrawals will be taxed at a lower rale. Mint is the deadline to con- . tribute to an RRSP? The deadline for. RRSP con- tributions is 60 days after the end of the year. Since A TibuM TCxeiPei�i Al FaMme t, Co., we are .o)nmitted to setting a standard tot (\trllrn,e u1 Iirofr.\Ion.tl.ersltrs. The history of our success I, 0111 ihutr,1 to the , ,)llt'tr of our n•ople and their abilit to scolh to,;rthrt to build Inn hnantlal solutions for our divan Darryl Fidt Kim White FAMME i Co: CERTIFIED ACCOUNTANTS The partners and staff of Famine ft Co. would like in congrat- ulate these outstanding individuals on the successful comple- tion of Their r lilted General Accountants Final Fscamination requirements We applaud your effort and your ,ontinuini; (00111111011111 to t tteIleitte. 125 Ontario St. Stratford, Ontario NSA 3H1 Ph.S19 271.758* Fax (319) 271.2737 E Mair larmrs•orc.a 31 Church SI. North P.0. So: 1228 St. Mayya, Ontario N4X 1138 Ph.519) 284-1030 Fax (5/9) 284-4393 E Mail: Iainmsequadro.not 1071 Adalaid. St. North London. Ontario NSV 2N3 Ph.(S19 432-1663 Fair (519) 432-7662 E Mail: tommalon taxi con 20Q0 is a'leap year, the ' 1999 deadline is February 29. 2000. How large can your contri- bution he? "As a general rule, you can contribute up to 18 Per cent of yotir earned income in 1998, to a maximum of $13.500," explai(s Sam Zuk, a chartered accountant with Soberm tn, lsenbaum & Colomby LLP in Toronto. However. adds. Zuk, this amount will be lower if you have any pen- sion adjustment and past service pension adjustment. and it will be higher if you have any unused contribu- tion room from prior years. ' "The best way to find out ,how much you can con- tribute is to check your 1998 tax a$sessment notice from Revenue Canada." advises Zuk. You can, also confirm the amount with Revenue Canada directly by: walling the Tax information Phone Service (T.I.P.S.) at 1-800-267-6999. n Brian E. Wightman Certified General Accountant 64 Main St., Seaforth (519)527-1331 Brian Wightman • Accounting & Bookkeeping • Personal & Corporate Tax • Farm, Business & Indvidual Tax Planning ('all for a fret' consultation at my office, your home or business. 527-1331 Six tips when selecting a financial advisor • Determine the advisors. level of experience? Does he or she belong to any pro- fessional associations with a code of ethics and profes- sional insurance? • Does the advisor offer a range of products and ser- vicesthat meet's your needs? • Do you understand what the advisor is talking about? Does he or,she appear to understand you? • Is the advisor used to dealing with clients at your stage of life and financial level? Does he or she -prefer aggressive orconservative clients? • How often will the advi- sor conimunicate dvi-sor.communicate with you?. In what ways? What does ,.he or she do to educate . clients? ' • When does the. advisor 'feel you will be abte to fair- ly evaluate his or her ser- vice? Additional investment_ information is'available on the Dynamic Mutual Funds website at www.dynamic.ca. - News. Canada TU R -RSV's 0 PEN - Extended Hours Saint (las. li 11. 211 -- IO ant Io 2 pat \(l,tutl;tc. I, 1) 28 -.. '1 am to t; pin 111t'-1.11. 1i 1, _'t.) - .1111 11) 8 I)111 For more information call or tlisif: TD- BANK FINANCIAL GROUP 56 Main St., S. Seaforth 527-1460 FAX 527-2908 Or contact us @www.tdbank:ca'/ rrsp call 1-800-9TD-BANK, or visit any brancltr 4 *Trademark of TD. Bank. • -sVE'RE IIERI 1 HELP MLSKF 1T E.1SIFJt - 1D Professional accounting, taxation, succession planning and management advisory services for agricultural and other agri-related business'. John A.M. Norris CHARTERED ACCOUNTANT 370 Main Street, South P.O. Box 2410 Exeter, Ontario NOM 1S7 Tel: 519-235-3240 Fax: 519-235-3246 Toil Free: 800-661-6344 12 Main Street, North P.O. Box 729 Seaforth, Ontario NOK IWO Tel: 519-527-0672 SG 1�•.z��O� Olt II" Fax: 519-527-0331 Toll Free: 888-606-6146 www.Jnorrisca.com John Norris, C.A. Shawn Lester, C.A.