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The Goderich Signal-Star, 1981-06-10, Page 33Don't throw out receipts April 30 has come and gone and most of Canada's 15 million taxpayers have now heaved a collective sigh of telief. Although most people are ready to put income tax out of their minds for another year, they should not throw out their receipts and records yet. After refund cheques and assessment notices have been mailed, Revenue Canada, Taxation begins to re-examine the tax, returns of thousands of Canadians to verify claims for' personal exemptions, deductions from income, and expenses reported on their 1900 in- • come tax returns. For taxpayers whose in- come is from wages or salary, the Department con- ducts post assessing and matching programs. The returns of taxpayers whose income is from sources such as self-employment,nvest neat, feattai property, or commissions are checked through office examination or audit programs. In either case, without the necessary receipts and records, tax- payers axpayers could find that their claims are hard to support. Through the "post assessing program a number of claims are selected each year for closer examination. Returns with =!nh eiaimgs¢ aw ayareflfl - home expenses, moving ex- penses, income averaging aimuity contracts and ex- penses xpenses against salary may be subject to scrutiny. In addition to the recovery of tax from taxpayers who have made erroneous or kia proper claim ,, ... assessing program alerts the Department to problem areas. In the 1979-1980 pro- gram, reassessments from the post -assessing program totalled $16,226,585 in addi- tional income tax. The matching program in- volves the computer or manual matching of infor- mation r4orted on varies information slips or receipts with information submitted by taxpayers. Information slips such as T4s, TFAIs (Family Allowance) or T4Us (Unemployment . Insurance) are matched against the amounts declared by tax- payers, axpayers, to ensure that all such income has been ac- curately reported. Receipts for payments are also mat- ched atcoed to ensure that the tax- payers axpayers who received the payments have reported them. Not only does this mat- ching at c�lg program verify infor- mation nfermation reported by tax- payers, axpayers, it also provides dues to pewle who have failed to file a return as wehl as to cases of fraud- In the 1978-79 matching program, a total of $20 minion in additional tax was recovered_ For taxpayers whose in- come is from sources other than wages or salary the tax departmeat may conduct either an office examination of their tax return or a field audit_ nth involve the in- depth examination of a tax- payer's return conducted ewer at the fax department or at the taxpayer's residence or place of Taxpayers may be asked_ to receipts or records to justify certain clailns or verify Last year tile', office ex- amination xwninati n program resulted in the assessineut of an addi- tiorial in tax. The aunt program yielded an ad- ' $408 million in tax_ As well as recoveries fax owed, these verification pro- grams e people to comply withabe law- Anyone who is contacted by Revenue Canada, Taxation sb oufd be able to provide supporting docimientation to ha& o their etainaa Failure to have the proper receipts and records could result in a claim being disallowed . for a LIMITED TIME only, you can buy our DRIVEWAY SEALER oz. SEPLER coAL ■ 4 -Gallon can Because alias a coattar tease, ifs extremely resistant to gasoline, motor oil or anti -freeze spillage. Also resistant to sun, snow and sale mI iii ON THIS PREFINISHED STEEL GARDEN SHED APPLICATOR Long handle brush with squeegee. Cashway's every -day low price - 4.29 ORDER NOW WHILE STOCKS LAST! 330 g: GRANGE wbySTORALL It's mugged and handsome, and because it features Storait's exclusive LOK-WAL construction, you can put it together faster and easier -Mani rriaaiy`other its— Outside dimensions are 113" by 76"_ In white trimmed with brown. 95 -- OUR. REG. 229.95 It's safe from termites or rot, whether you paint it or not. Outdoor wood is obviously the smart choice for a sun deck, especially if you plan to build one near water. It's pressure treated with preservative chemicals to resist rot and ter- mites for decades. The sun won't dry the chemicals out and water can't leach or dBute them. Great for any outdoor project including fencing! UR 1 x6-6, OREG. 2.13 1.89 OUR 2x4-8 REG. 3.44 3.1 0 4x48' REU-G. 6.96 6.25 Here's A Great Buy On Maintenance -Free Aluminum Siding a,• HEYNALDS ALUMINUM SOFFIT Ends reeling. blistering and cthec$ ng. 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YOU GET A FREE 3" NYLON BRUSH WITH EVERY GALLON Gallon* Our Regular 23.99 • ' May be underfilled for tinting — See label for net contents. And here's a grew.buy- on Glidden BEST Latex Gloss House Paint • Chalk resistant, glossy finish . • Quick drying, easyto use • Easy water clean-up Gallon* Our Reg. 26.49 So Ybu Save LOA Per Galton scar: Ms Free Paint ash At This Low Price E ' r. ri ,$ a N. N 74 I ".' SLE WEED 40 -lb. bag. Our Regular 8.39. now WILE STOCK LASTS AND HERE'S ANOTHER GOOD BUY... MIRACLE GREEN 10-6.4 FERTILIZER 20 kg. bag Our 5 register 6 39. now Save 6 OO on this OUT WALL FIXTURE 53,. x53,. by 1(b Fang. 1949 With amber panels. y 1,t Our Reg. 25.49 IN WHI I E, GREEN, YELLOW AND CLEAR! 26'°x96" FIBERGLASS PANELS Corrugated fibre reinforced panels Veal for carotins. sun - decks, patio roofs and prlvad'y fence panels YL CLAD 6' PATIO DOORS F';R'P S O7rPSP_rtative rrPafed k�M ?r ed lumber encased r ,Nnire t, ,,'vi Never needs oarnnq Glass trigs are •nsulated sAterV .;tori Camotete with screen SAVE 6i. OUR REG 445 00 0008 43500 �.,. 4,,fe +moi 21©1 .'' - ASPHALT S I GLES In stock colours only! Self sealing 32,3 sq. ft bundle. GUARANTEED 10 YEARS! 744 Fvgt Qrtafity' At a truly compenrive once.' BUNDLE 23S -Ib. SHINGLES give 500o more lite for only 20% more cost' GUARANTEED 15 YEARS! Our finest quality shingles priced at — SUNDLE ASHWAY EACH SAVE 1.00 PER PANE. 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