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Home My WebLink AboutClinton News-Record, 1978-03-23, Page 16PAGE 16--CLINTON NEWS -RECORD, THURSDAY, MARCH 23, 1978 Jottingsfrom Queen's Park It's taxfiling time again and that the Standing Committee tax filers are encouraged to on Social Policy be asked to claim their Ontario Tax search for alternatives to the Credits with their Federal premium increase. Stuart return. Perhaps the following Smith warned the govern - information may assist you in ment that it would ignore the filing your returns. Committee's recom- WHO IS ELIGIBLE: All mendations "at its peril". Ontario residents who are 16 The NDP has moved non - or over may be eligible to confidence on this issue. Dr. claim Ontario Tax Credits. Smith has condemned this Even if you have little or not action as irresponsible, taxable income and would not pending the results of ordinarily file a federal in- Committee consideration of come tax return, you may the matter. claim Ontario Tax Credits. • BUDGET DEBATE WHAT ARE THE Both Opposition Parties CREDITS: property tax gave, their "lead-off" credit - Claim this credit if speeches in the Budget you are a homeowner tenant Debate this past week. David or roomer. Peterson of London Centre Pensioner tax credit - responded ,on behalf of the Claim this credit if you are 65 Liberals. He deplored the or older. For married OHIP increase' as being couples, only the spouse with regressive taxation, placing the higher taxable income an awesome burden on every may claim the Property and sector of society, and en - Pensioner Tax Credits. dorsed the Liberal move to Sales tax credit - Claim this , have the matter discussed by credit if you are not claimed the Standing Committee. as a dependent. He was also strongly Political contribution tax critical of the lack of credit - Claim this credit if government proposals to you made a contribution to a stimulate job creation in the registered Ontario Con- Province. The Budget con- stituency association, party tained no measures for or a candidate in the 1977 permanent job creation in the Ontario election. Province. Only 60,200 sum - HOW MUCH CAN YOU mer jobs are planned, and the CLAIM: The amount you can government already claim is based on your acknowledges that, of the taxable income and the 700,000 students expected to property taxes or rent you be on the job market this have paid. For example, you summer, at least 100,000 may be eligible to receive won't find jobs. from the Ontario government In 1977, the budgetary `through the income tax deficit rose to more than $1.6 system: $375 if you are a billion, revenues decreased single pensioner receiving the by $634 million and net cash Old Age Pension, Supplement requirements have risen by and GAINS and paid $500 in $539 million (50 percent) property taxes last. year; or since last year's budget $195 if you area family of four estimate. Net debt has with a total income of $10,000 reached 9.5 percent of Gross and a property tax bill of $500. Provincial Products, and 72.1 HOW TO CLAIM: Your percent of annual revenues. Ontario Tax Credit form is in Interest payment of $1.2 your federal income tax billion - $3.3 million a day - package. File, even if you are now taking 8.5 percent of have no taxable income. For the budget: an increase over more information call the last year of 15.4 percent, the Ministry of Revenue, largest dollar increase in the Information Centre. Ask the budget. Operator for Zenith 8-2000 The Budget announcement (Toll Free). that the Government is In a previous column, I beginning to sell off the $1 reminded recipients of billion portfolio of mortgages Guaranteed Income Sup- held by the Ontario Mortgage plement benefits that they Corporation, David Peter should make application for likened to a firm that starts the benefits as soon as selling off the office furniture possible. to avoid bankruptcy. As of this date there are Ontario has actually passed quite a number of pensioners the Smith Committee stan- who still have not submitted dard of debt as a percentage their applications. In addition there are many recipients of partial benefits who have yet to re -apply for benefits in the coming fiscal year. If the applications are not received prior to March 31, it is possible that benefits will have to be cut off for many -of these pensioners. Health and Welfare Canada is anxious to receive these applications now so that they can finalize their work with the pen- sioners and ensure continued eligibility for their clients. I would assume that most pensioners will have received their T-4 slips by now and will be able to respond im- mediately to this reminder to make application. OHIP RATES There has been con- siderable debate in the Legislature about the proposed 37.5 percent in- crease in OHIP premium rates, announced in the Provincial Budget of March 7. Liberal Leader Stuart Smith stated he "can't ac- cept" this increase, which means that OHIP premiums have gone up by a total of 100 percent in the last two years. However, he stopped short of moving non -confidence at this stage. The Liberal Party won agreement to the proposal --/Nt *I1 110 IROPIPV rags FASHION BOUTIQUE Spring speaks softly...Soft construction in tailored Iooks...Ruffles...Layers. Warm earthy tones...A parade of pastels...Clothes lust for you...All for your Easter en- joyment. OPEN17 DAYS A WEEK 10 a.m.-5p.m. GRAND BEND CLOSED GOOD FRIDAY 1'/. MILES SOUTH OF THE TRAFFIC LIGHTS Arthur W. Read Chartered Accountant Exeter, Ontario Successor to Hanghart, Kelly, Doig & Chartered Accountants Exeter, Ontario and G. H. Ward & Partners Chartered Accountants Are pleased to announce the merger or their firms to continue tht' practise of Public Accounting under the nornc' or G. H. Ward & Partners Chartered Accountants Main St., Exeter, Ontario 235.0 12O Resident Partner A. W Read, C.A. Home Telephone 238-8075'4 Manager J. S. McNeilly. C.A. flon-1t' Telephone 235.1 734 of Provincial Domestic Product (9 percent) - in 1976 - but due to a change in the recording base that year, this fact was obscured. 16 -POINT PROGRAM The Liberal Party unveiled a 16 -point program to stimulate the economy and create jobs. To encourage increased research and development, we proposed a 100 percent tax credit for investment by Canadian -controlled com- panies in R. & D.: that such companies be given preference in the allocation of government research grants and loans' and that Wintario funds be committed to the Ontario Research Foundation for distribution to Canadian - controlled companies for by Jack Riddell reseal -ch, design and Ontario Municipal Board. development. We urged the Government We proposed a number of to pursue a "Buy Canadian" measures which would policy and set a target of 40 conserve energy supplies as percent of government well as creating job op- contracts and sub -contracts portunities - compulsory to go to small business within insulation standards; a a three-year period, and to comprehensive program of pay 20 percent of the salary of thermal upgrade, retrofitting each additional worker hired and insulation of existing by small business, up to a net structures; energy -efficiency gain in previously unem- rating of all - energy- ployed people of ten persons consuming devices, including per firm, for a period of three houses; amajor commitment years, for salaries up to to a consdrvation-renewable $10,000 per year. energy program, etc. Once again we called for To stimulate the con improved guidance coun- struction industry, we selling and manpower proposed investment of planning, and the institution pension funds in the capital of an improved and expanded market and reducing red apprenticeship program, planning delays, by matching applicants to the power of the employers This would in - tape and curtailing corporate a Labour Market Information Service, . to determine future manpower requirements, and a Vocational Counselling Service. Under pressure from the container industry, the Government has backed off its promise to ban all non- returnable ;soft drink bottles just three weeks before the ban was to come into effect on April 1. Minister George McCague has announced that non -returnable 300 ml. bot- tles, the standard soft drink size, will still be banned, but the 200 ml. and the two family sizes - 750 ml and 1.5 litre - will be permitted. concession has been in return for a com- m from the industry This made fitment NOW in its SECOND BIG WEEK DISCOUNT DAVE'S High Flying Z,7,7 MARCH SALE! that 75 percent of soft drinks in Ontario will be in refillable containers. The Liberal Environment Critic, Murray Gaunt, has urged thg Government to make all soft drink containers returnable, and give priority to recycling. 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