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HomeMy WebLinkAboutThe Goderich Signal-Star, 1981-12-02, Page 8PAGE 8-•-GODEHICH SIGN2 STAR, WEDNESDAY, DECEMBER 2,1981 CORRECTION NOTICE 1981 Fall and Christmas Catalogue Pap 21 — Item 16 is not exactly as Illustrated. Pap 47 — Item 14 does not Include a light. Item 15 has I o power reverse. Pap 56 — Item 3 is not a' barometer. shows temp- erature and humidity only. Pape 84 — Item A is dual action, not dual volt- age. Vo.Itage is 110, not 120.240. Dominion Hardware re- grets any incopvenience these errors might have caused our customers rwove1TIUMINTt Agricultural society m At the November monthly _meeting of the Dungannon Agricultural Society, Robert Kay of K. Decorating ex- plained how he would refin- ish the hall floor. It was decided to begin work on the floor immediately. A delegation from the Dungannan and District Kinsmen Club was present and a new contract was presented to them, outling conditions for renting the hall. Hall rental charges were established for renting to groups wishing to hold ball tournaments next summer. ,It was decided by mem- bers present to buy four pair of folding table legs and install them on the tables. The remaining I6 pair will be purchased next spring. Mrs. Jean Reid of the 6th concession of Ashfield is a patient .in Wingham hospital with shingles. A large crowd attended the wedding reception held at (ADVERTISEMENT) kes improve DUNGANNON DOINGS Marla Park, 5251-97110 the Brindley Hall on Friday evening for Mr. and Mrs. Rick Patterson (Darlene Aus- tin) who were married earlier in the day. Irvine Eedy local librarian has informed that library will be open day afternoons Saturday afternoons (ADVERTISEMENT) me on the Thurs- instead of com- e mencing December 3. Mr. Lorne Hasty is a patient in Goderlch hospital following surgery. Also in Goderich hospital undergo- ing tests is Mrs. Mildred Johnston of the Nile. Milly returned home on Monday. Holly Park, daughter of Stephen and Deb Park of Goderich, had plenty of com- pany on Sunday to help her celebrate her second birth- day November 30. Present were Grandpa and Grandma, tsto all Mr. and Mrs. Bill Park; great Gramma, Mrs. Gertrude Park; Grandpa and Grand- ma, Mr. and Mrs. Arnold Stothers; uncles and aunts and cousins, Mr. and Mrs. Bryan Stothers, Steven and Julie; Mr. and Mrs. Eric Drennan, Matt and Wes; Mr, and Mrs. Mike Bendig, Tom Park and Michelle Good; Wanda Park and Tim Hod- ges; Patti Park and Gary Johnston; Todd and Brad Park; great Grampa and (ADVERTISEMENT) "Dear Mr. All ` n MacEachen I'm a small businessman in a 40% tex bracket. My accountant says your new 'budget' increases my taxes by 40%." "I thought this budget was supposed to get the'rich, Al. Who told you I was rich?" The 1.62 resolutions of Mr. MacEachen's 'budget' really don't add up to a budget at all. Some of the largest ac- counting firms in the country call them a whole new system of taxation. ' "There's no more reward for a company do- ing well, AI?..."' If your companywas doing well;, you used to pay yourself a dividend. Your company used .to pay 25 per- cent intaxes in order to pay that dividend. The effec- tive rate is now 33.3% ("That's a jump of 1/3, All") If ,your company , was doing well,, the company could make a car available to you for business and personal use. As a minimum you, paid tax to the government on 12% of the purchase price every ,year. Now, as a minimum you have to pay tax on 30% of ihe purchase price every year. ("What's ' thatgoing to do for car sales, Al?") If your company. was doing well, you usedto be able to provide employees with a dental plan without any tax. cost to them or yourself. Now, that's a taxable benefit. If your company was doing well, you used to be able to give employees low-interest Iodns to assist them to buy houses as well as other things. This assistance to the employee is now gone. All loans must be made at the same interest rate charged by commercial leaders. ("Incidentally, what's that going to do to the housing in- dustry, Al?) How the budget affects a hardware store owner. Take a man who owns a hardware store. His store is profitable. It employs five. The owner had the store buy a delivery van. He sometimes used the van personally. He used to pay taxes on $1200 a year for doing that. Now,' he'll pay taxes oh $3000. An increase of 150%. The owner had a dental plan for employees. He gave it to them free. Now they'll be charged taxes on the plan. The store made a loan to an employee of $20,000 for down -payment on a house. The interest rate charged was 9%. Now the interest rate will be substantially higher or the employee will pay more taxes. The company paid the owner a $10,000 dividend a year. That dividend used tocost the store nothing to pay. Now it costs the store in taxes, $1,111. to pay. This only leaves, for theowner, a taxable $8,889., instead of a taxable $10,000. The owner invested some of his savings in a five year Guaranteed. Investment Certificate. He used to have to pay taxes on the interest when he got the money — at the end of the five year term. Now, he'll have to pay taxes on the interest accrued every three years — whether he's actually seen the money or not. Will the budget affect the person wanting to start a new business? Small . businesses have been the best job creators around. Will that be true after the new budget? Read on: You're starting a Widget Company. After the budget, the .capitol cost allowance on Widget machinery in the year itis purchased will be only half of what it is now. After the budget, the interest on the money you bor- rowed from the bank to start the business is no longer deductible — unless that business is an immediate suc- cess and starts paying dividends in the first year. (Guess how often that's going to happen!) After the budget, there don't seem to be any particular advantages to going out on your own. "Al - usually when you make massive changes like this, there's a white paper first. Why -are you sneaking this in?" Nobody was given a chance to have a say. A White Paper would hove been nice. "There are thousands upon thousands of small businessmen hit by your 'budget'. When you add it to high interest rates, the recession and inflation — what's going to happen to small businessmen Al, and those they employ?" If you're a small businessman reading this, we'd advise you to spend the weekend going over your books. Find out exactly what everything we've told you is going to cost. What it'll cost you. And your employees. And your customers. . There's no magic wand to wove to make it go away. You're stuck with it. Unless... "We beat these resolutions once before, AL" "in 1970, over 400,000 of us worked together. People signed coupons and messages like the one below. Rais- ed Cain. Pointed out just what the consequences of all this kind of thing would be. And we beat the White Paper on Taxation! Maybe that's why you didn't have a White. Paper this time. Why you disguised the 162 resolutions as a 'budget'." 1 "And by the way, Al, while you are tighten- ing our belts (OUCH), the MP's are taking big increases in salaries, big increases in ful- ly indexed pensions and have increased government spending by 22%. What to do. Step one: sign and send the coupon below. We'II make 'sure it gets to the right people in Ottawa. Step two: go to the business next door. Have them do the same. Step three: Take an hour. One hour: diol every Liberal Member of Parliament you've ever heard of. Tell them just exactly what this new 'budget' does to you. How you feel about it. Tell them that if they vote for this Budget, .you will ac- tively work against their next election. Do any of these things. Do all of these things. Or start learning to live with a 'budget' that is about to put you out of business. Listed below are the Federal Liberal MPs and their constituency phone numbers. Phone and leave your brief message. 97 % of Businesses in Canada are classified as small business. Charles Turner -London East Garnet Bloomfield—London-MIddlesex 453-1660 452-3550 This Advertisem nt In Support Of Small Business Inserted By Signal -Star Publishing Ltd. !t meas a1 ttl�•ay En — — im as so mo as an — am um um at• a1 um sum a>• me as aim as is Is tam tae on um NATIONAL CITIZENS' COALITION, 100 ADELAIDE STREET WEST,. SUITE 907, 1 TORONTO, ONTARIO MSH 153 To Prime Minister Trudeo. 1 You apparently ore attempting to systematically , t 1 destroy the middle class. If so, count me out of your 1 scheme and rely on me to work against your party's NationalCoalitionre-election. ■ NAME Jack Burkhardt -London West 402-1113 Bud Cullen—Sarnla 336-0420 100 Adelaide Street West, Su te. 907 Toronto Ontario MSH 133. 1 1 1 ADDRESS CITY POSTAL CODE Send money so that we can Budget. ,'10 - '15 1 1 1 1 1 1 1 1 all bring down this ' '25 0'50 C:J'100 _Other Tex 2414-r1 WM OM to NW OM — til! r MO ONO NO INN WS ONO t»I INN EON IMi NO ars w OIN — ale tins - tlti>• 111111161■1- MOM ® ®Ititiel 1 NATIONAL CITIZENS' COALITION, 100 ADELAIDE STREET WEST, SUIT TORONTO, ONTARIO To Prime Minist Yo r Trude°. apparently are attempting to systematically destroy the middle class. If so, count me out of your scheme and rely on me to work against your party's re-election. 907, Gramma, Mr. and Mrs. Roy Ashton and great aunt Len- ore Bradley. Sympathy of the commun- ity is extended to all the families of the late Jack Cur- ran who died in Goderlch hospital on Thursday in his 69th year. The body rested at McCallum's Funeral Home, Goderich until Sunday, thence to Dungannon Maus- oleum for later burial in Greenhill Cemetery, Luck - now. Lunch was served at the United Church following the service. Sympathy is extended to Gordon and Donna (Haggitt) Powell and family of Auburn on the tragic Toss of a dear son and brother, Wayne Powell of Clinton in his 24th year, as the result of an industrial accident. He is also survived by his wife, Jinette and two small child- ren. Lorne Pentland of Sarnia and formerly of Dungannon passed away at Trillium Villa Nursing Home, Sarnia on Friday in his 81st year. He is survived by one brother, Les of Goderich, formerly of the Nile, as well as four nieces and three nephews. Stiles Funeral Home, God- erich was in charge of services with internment in Dungannon Cemetery on Saturday at 3 p.m. Mr. and Mrs. J. C. Alton of London spent the weekend with Jack and Donna Alton. On Sunday the foursome ac- companied by Mrs. Gwen Caesar thoroughly enjoyed the . "Maggie and Pierre" production presented at Blyth theatre. This is a one woman show presented by a very talented ' actress. Steve Whitney returned home on Sunday from hospit- al where he had spent a few days with pneumonia. West Wawanosh Mutual Fire Insurance has moved to their new building. The t. office opened Monday. Leola Chisholm was home from Cambridge on Monday to visit her parents and other members of the family, She recently received word that she passed her Registered. Nurses exams with a mark of 92.7%. Euchre Party At the bi-weekly euchre sponsored by the senior citizens, there were 12 tables of cards in play. High lady score was Delores Culbert, while low score was Donna Powell. Eldon Culbert was high score for the gents while Jack Errington took the low. Another card party is sched- uled in two weeks. President Ted Bowers also announced that a 50/50 draw and a glass turkey draw are to be held before Christmas. Dungamion United Church White Gift Service is on Sunday, December 13 at 11 a.m. The C.G.I.T. Vesper Service is at 7.30 p.m. on December 13. - Ruth Austin of Toronto and John Bere of London visited Mrs. Mary Bere on the weekend. 1 SH 1S3 1 1 1 1 NAME 1 1 1 ADDRESS CITY POSTAL CODE Send money so that we con all bring down this — FT "10 ❑'15 U'25 0150 L1'100 __Other tS a�9t-sa Town not going to the dogs CLINTON - M long as Mayor Chester Archibald is in power, Clinton won't be going to the dogs. The adamant supporter" of stricter dug controls for Clinton, Mayor Archibald has presented a revised bylaw to town council for study. The proposed bylaw is similar to previous ales, however one significant addition that Mayor Archibald hopes to include is the limitation of dogs for each household in Clinton. fie is proposing one dog per household. Some councillors are concerned that this limitation may be difficult to implement, and to control. It was decided that further consideration should be given to this proposal and it was suggested that the town hire a bylaw control to en- force the dog bylaw. As well, Mayor Archibald has ordered town police to shoot two dogs that have been a nuisance to many Clinton people, resulting in _may Eames a*ts 14T er .. Arent rad eo.si" t i c own= to identify hfltlaelf and 'take immediate action to control Ms animals, or they would be destroyed.