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HomeMy WebLinkAboutClinton News-Record, 1979-03-08, Page 12He advised if family members do incorporate an operation, then the farmer shouldn't put his farm into it, since this can create a problem if one meniber of the family wants out at some future date. Mr. McEachern said transferring • a family ,a. farm from a father to son can cost as much as $100,000 in avoidable income taxes unless the farmers can get someone who really knows the tax legislation to assist in the transfer. By handling a roll-over properly, Mr. McEachern said you can pass the capital gains tax down four or • five generations down the line, so the taxes, won't have to be paid for 30 to 40 years. The problem in roll- overs however, is .that many accountants aren't familiar enough with provincial and federal legislation in transferring property. The tax con= sultant told the audience, "I, know only three ac- countants who can do a roll-over properly." The rights of federal auditors in demanding access to farm records was also questioned by members of the auditors. Mr. McEachern told , the members that Revenue Canada can examine all of a farmer's records, as long as they do it at the farm. "They aren't allowed to take them (the records) out without your per- mission unless they have special identification to seize your records, if they do, that's when you're in trouble," the tax con- sultant said. He said the threat has •been used by auditors, "well, if you don't want to give them (records), we'll take them" but records can't be removed fro n a farmer's home except for a special in- vestigation. He said if the auditors used any of the in- formation on the farm records o4tside the audit procedure, then they would lose their jobs. Also, he advised the audience that they now have a right to go into a Revenue Canada office and view their file under new government legislation. He said if farmers are unhappy about the audit, there are appeal procedures they can follow when the audit is completed. The tax consultant also told.the audience he feels the Canfarm accounting service is an excellent one as ' long as in- formation is fed into the system correctly. In other business, the Huron County Federation of Agriculture decided to withdraw an earlier resolution on binder twine and support the resolution made by the Canadian Federation of Agriculture. The national body has asked the government to withdraw their in- vestigation by Revenue Canada on the coun- tervailing duties s_ipr bailer twine because of purported subsidies : in countries such as Brazil, Mexico and Tanzania. The resolution said these countries produce the only sisal twine available, since it can be grown only under certain climatic conditions. Also, many Canadian farmers prefer the sisal twine to the plastic twine manufactured in Canada, since the sisal is bio- degradable. The federation said they didn't feel the present situation was harming the Canadian binder twine industry, since only plastic twine is produced in the country. Andy Durand, a Zurich arca farmer, reported he had been unsuccessful in investigating the amount of foreign land ownership in Hay Township. Mr. Durand said the township clerk and the regional taxation office in Goderich both refused to give him information on foreign ownership in the township. Doug Fortune said his township council also turned down a similar request for foreign ownership information, since it would involve too much work for the township clerk to research the information - from the tax roll. Jing McIntosh, a Seaforth--area farmer and form'er clerk of •Tuckersmith Townships suggested federation members could gain access to this information if they were prepared to go through the township tax rolls theniselves. PAGE 12 --CLINTON NEWS -RECORD, THURSDAY, MARCH 8. 1979 Development �fficer need The need for a development officer for Huron County came under close scrutiny recently when the Christian Farmers' Federation mgt in Clinton. President Bill Jongejan wanted opinions from members on development in Huron County. "We pay $17,000 a year to Spence Cummings Huron County develop- ment officer for him to attract industry to Huron County" said Mr. Jongejan. "But is it necessary?" Members were divided about the -issue. "We can't' have our cake and eat it too," said CFFO member John Maaskant. "Industrial parks and later, sub- divisions put pressure on agricultural land. I would like to see Huron county stay agricultural." A member pointed out that a lot of the young people from farms find employment in the small industries in Huron County and even many farmers take part-time jobs to supplement farm incomes. "Industrial planning is not done on a provincial scale but left up to the counties" said Mr. Jongejan. "That's why the position of develop- ment officer was created." Fieldman for CFFO, Martin Oldengarm said members needed more information and research into the matter. Mr. Jongejan suggested that a com- mittee of concerned members attend the Porter Commission inquiry hearings in the area in March. The hearings are concerned with the location of a power corridor through the province. "To pick Huron county for a nuclear plant would be a tragedy," said Mr. Jongejan. The possibility of a corn marketing agency was discussed. Mr. Jongejan relayed information he learned while attending a CFFO board meeting where a cordt board representative spoke. It has been proposed that the corn board will regulate drying and handling costs, by licensing elevators. For a farmer to qualify he must sell 10 tons of corn. Mr. Jongejan told members that the proposed corn board would like to promote advance payment to farmers and would also provide educational material. Members are to contact the CFFO office in Drayton if they want a general interest meeting. Brian Miller, (right), 26, of Exeter receives air- plane ticket to Paris, France, from Jack Hale, Ontario Federation of Agriculture general manager. Mr. Miller is one of four Junior Farmers selected to represent Ontario at the Second World Congress of Young Farmers, March 5 to 8, at Paris. news farm news A good accountant helps, HFA learns by Alice Gibb Getting a good ac- coutant, one who is knowledgeable about farming and familiar with provincial and federal legislation covering farm transfers or partnerships, is the best way farmers can deal with tax problems, according to a Grand Bend tax consultant. Bill ''McEachern, who „worked for Revenue Canada for 30 years, and now operates his own firm, told a meeting of the Huron ' County Federation of Agriculture in Clinton last week that any farm transfers between family members or any farm sales are being carefully checked today when capital gains taxes are filed. Mr. - McEachern said although husband -and - wife partnerships may provide a slight tax credit and pension advantages, there are pitfalls. The consultant said in order to have a legal partnership arrangement, the farmer must prove his wife contributes both capital and labour to the farm operation. He said the labour contribution is the most important aspect of the partnership to prove. Bev Brown a federation member, said an Eastern, Ontario farm women's organization has recommended that women in partnership arrangements keep a daily schedule of their labour on the farm and get witnesses such as vets or R.O.P. men who may visit the farm to witness their contributions to the farming operation. Mr. McEachern Said while the taxation department recognizes the wife as a partner in the operation, the Farm Credit Corporation doesn't take the wife's labour into account. Many of the questions at the meeting dealt with" - the transfer or "roll- overs" of property and assets from a father to a son. Mr. McEachern advised the audience to consider profit-sharing arrangements rather than a full partnership operation since the ac- counting costs are way out of line when a father and son go to divide the farm assets. in a profit-sharing arrangement, each partner would have their own assets, and "a son could buy a new tractor without his father's permission." Mr. McEachern told members he doesn't recommend• ' in- • corporatiing a farming operation, unless part- ners are making between $20,000 to $30,000 each year, since incorporation ,brings "accounting fees and troubles .to farmers." Concrete on the farm There are very few farmers who have done any building projects without making some use of concrete. It is a very "widely used building product, but it is probably the least understood. The Ontario Ministry of Agriculture and Food in Clinton is sponsoring an information day on uses of concrete on the farm, to be held on March 13 from 9:30 a.m. until 3 p.m. Speakers will be present to talk about such things as making quality concrete, the use of. reinforcing steel; con- struction joints, finish on floors, preparation of floors for animals, sandwich wall con- struction, as well as how 1 1 CHANGE IN NAME INDEPENDENT SHIPPER United Co -Operatives of Ontario Livestock Department Toronto Ship your livestock with .FRANK VOOGEL Dashwood Monday is shipping day from Verna Stockyard previously Roy Scotchmer Call Dashwood 230.2707 or $ayfield 053-2036 •y f:3$ a.m. Monday for prc rapt seririce No charges on pick -Up the metric system affects ordering concrete. There) will be plenty of time for general discussion. This day will be open to farmers, contractors, and anyone else who would like to attend. Anyone planning to do any building in the near future would probably benefit from this day. The session will be held in the Board Room at the Agricultural Office in Clinton. A lunch will be provided !at a small charge. . L PURINA RESEARCH FARM THE PURINA RESEARCH FARM TOUR TO • .ST. LOUIS; MISSOURI APRIL 1-2-3, 1979 From London, Chatham, & Detroit Metro Airport *249." Price Includes Air Fare. Meals, .uses, Accommodation and Exchange on U.S. Funds. SEE, HEAR, AND ENJOY! World's Largest Commercial Research Farm. -Visit loot Dairy, Swine, Laying, Turkey. Droller, Hor- se, Dog & Cat, and Rabbit Units. -Veterinary Sessions Covering Day to Day Disease Problems. -Finest Purina Mann Stage Show Entertainment. -Good Fellowship and Contact with Ontario's Successful Farm Owners and Managers. -An Income Tax Receipt .Will bpi Issued on Fturchese of Tickets. -Contact Your Purina Dealer Today—SPACE IS LIMITED. ►KED i.TGARDEN tll�IRE Iserale'$i: •Cllrlton • Huron County Board of Education KINDERGARTEN REGISTRATION Children must have been born in 1974 to be eligible for the Kindergarten classes for the 1979-80 school year. Huron County Health Unit will be in attendance to hold a clinic at the same time. Would parents who plan to register children at the following schools, please call IMMEDIATELY and leave name, address, telephone no. (or an alternate one) so that appointments can be made for these combined clinics and registrations. Parents are asked to bring proof of age, OHIP number (of either parent) plus completed questionnaire which will be sent out by the Health Unit In advance. ••••••I••••••••••••••• CLINTON PUBLIC SCHOOL Phone the Health Unit Immediately at 482- 3416 for an appointment time on Registration Day. REGISTRATION DAY: MONDAY, APRIL 2 FROM 9:00 A.M. - 3:30 P.M. ••••••••••i••••••••••• HURON CENTENNIAL PUBLIC SCHOOL ' Phone the Health Unit immediately at 527- '1243 for an appointment time on Registration Day. REGISTRATION DAY: -THURSDAY, MARCH 29 9:00 A.M. - 3:30 P.M. ••'•••••••••••••••••••• HULLETT CENTRAL PUBLIC SCHOOL Phone the School at 523.4201 for an appoin- tment time on Registration Day. REGIStRATION DAY: TUESDAY, APRIL 3 9:00 A.M. - 3:30 P.M. unior Farmers gain at IPM BY JOYCE DOUGHERTY The Huron County Junior Farmers met at the Clinton OMAF office on Wednesday, February 21. Bill Armstrong, President, opened the meeting with all present singing the Junior Farmer Song. Sharon Colclough then gave the secretary's report of the January meeting. Helen 'Brindley, last year's treasurer, gave the financial statement from 1978. The group has a balance of about $1,000 due to the money made from the Junior Farmer food booth at the Inter- national Plowing Match. Business discussed at the meeting included the 'emi-formal to be held at the Exeter Recreation Centre on April 6. The king and queen com- petition will be held at this time. Each of the five clubs, Auburn, South Huron, West Huron, Seaforth andowick, are to elect one girl and one boy to represent their Corn growers aid Ontario corn growers desperately need a voice for their side of the in- dustry. A, marketing board for corn will do just that and a lot more for the farmer. That comment comes from the newly elected chairman of the Provincial Corn Marketing Committee, Max Ricker. The 48 -year-old Dun- nville farmer announced that the committee now has a 12 -person board with representation from each region in Ontario from the "great south- west" to the "Ottawa Valley." "Right now the- Wcpmt• mittee is spreading the word about our proposal and throughout 1979 public meetings will be held for all Ontario corn growers,", explained Ricker. the corn board that will work most ef- fectively is a negotiating type, styled after the Soybean Growers Board. By negotiating with the elevator trade, drying and handling charges, equality and fairness will be accomplished for all growers. Better prices will be realized by negotiating premiums for high quality corn. We can also help the corn grower by having a say in how government stabilization levels are set and we would also administer the cash advance program. Finally, since the Ontario corn grower produces a surplus to the domestic need, a corn board would be a promoter of export sales." Ever since the corn board concept was conceived by the Ontario Federation of Agriculture, and even today, there seems to be a misunderstanding by ,the farmers about the board's structure. "I want to set the record straight," . em- phasized Ricker. "This board will not buy or sell corn, nor will it set a price for corn. The commodities market in Chicago will provide that function." This 900 acre corn grower from the region of Haldimand wants to assure his fellow growers that only when all growers are informed about the proposal will an expression of opinion poll be held to get the plan legislated. C0 -OP D -M0 Is an improved 'universal' type low -ash motor oil that exceeds the A.P.I. service classification CD and SE — and the warranty requirements for new cars. D -MO Is also the Ideal oil for diesel engines — including hirbo. charged models. Now available In Multi -Grade 15W-40. club in this competition. Jean Siertsema Is chairperson of this project. . The Bluewater Centre summer project was also discussed. One person is needed to purchase seeds, plant, raise, care for and cultivate produce to be sold from the garden at the Bluewater Centre. This person must also work and participate with the residents who will be helping with the garden also. Applications are to be sent to Len MacGregor, at Clinton. The 1979 annual Junior Farmer meeting will be held at Toronto's Inn on the Park Hotel on March 16, 17 and 18. Representatives will be present from all over Ontario. Best luck to Jim Phelan who was vice- president this past year and who will hopefully be promoted to the President's position this year. Plans were discussed for a reunion barbecue for Junior Farmers during the summer and the summer games and dance. Seaforth Junior Far= mers are holding a broomball tournament on March 3 and 4 with a dance to follow on Saturday night. With all business concluded, the meeting was then moved closed. r""""'"----"mvar-ma. 1 � � k CONVEYS AND FEEDS Butler Convey -N -Feed cattle feeder, two machines in one, is "loaded" at silo end for straight-out con- veying and feeding. Adjustable incline and decline add flexibility. Feeds silage fast. a 1 1 We also install silage distributing -unloading, venti- lating, and manure -handling systems. II GLENDINNING FARM EQUIPMENT LTD. R.R. 2, Lucan, Ont. PHONE: 519-227-4593 Ken Glendinning 319-294-6374 George Glendinning 519-343-2723 Jim Young on 24 QUART CASES OF D -MO STRAIGHT MULTI. GRADES GRADE 20W40 o 15w40 04 Regularly 322.99 $24.99 Special 17.99 19.99 YOU save $ 5.00 $ 5.00 per cis* Sive $4.00 off regular grits on 5 gallon palls — and IO% off on 7S and 45 gallon drums. 1147.11;47L. 7:67LL01" .11111111111111tt111t11/111111tfIf 111-. MOleolye�rralranry1y� mo Oi pbcb my Ihou ubnCanN which meet the warranty apecnreatlom for teencenls rpueed by maim manufactures of farm pthoment flecks and cars C0.00 wpm.. are Qui raMO.a fo m.et th.ae IeflYeefnellta NMn Yaee In ar andante with the manufacturer'. recommit../) service. Check these MpG Grease me sua.rsnamr an a 10 cartridge carry.pak Regularly $7.99. Sale 6.79 Save $1.20 per carrypak You can also save an extra 51.00 on a case of 8'Carry-Maks' — and 10% on 36 Ib. palls and 120 Ib. kegs. SPECIALS Trans - Hydraulic 011 per 5 gal. pall Regularly $21.99 Sale 17.99 Save 440 You also save 509 on 1 gal. plastic bottles and 10% on 25 and 45 gallon drums. - _—' In addition to our special prices on oils & greases, you can receive a COOP Farm Power Cap at no extra charge with a purchase of 25 gallons or more of lube oil. (10 lbs. of grease counts as the equivalent of 1 gallon of oil.) Transmission 011' A.T.F. Dexron & Type F N. ALL DISTRIX CO-OPERATIVE ZURICH HLN$ALL' BRUCEFIEIb 23 -4393 262-3002 482-9823 SALE PRIM AFF CT UNTIL MARCH 30th. 1s