HomeMy WebLinkAboutThe Goderich Signal Star, 1976-02-19, Page 6, •
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PAG4,?.B,.-pet„DElil.CHSION. L-STAk,..tHURSDA'Y. FE-13121JARy 12°, 19,•12.
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talk taxes_
.. Q. The Fairlity Allowance such amounts to purchase an
cheques received for .our income . averaging annuity
children are made out to my--
.frwn a licensed ot otherwise
... wife. Doe's •this rnean •she authorized person. The an-
" must repdit the. payments" as nnity „may • be for. life,. or .a
• 4: Not necesset4'yeThe la*seeding 15 " Years and.
-• income? • ' term not ex-
- - .guaranteed •
-teil*Iltres---tfrat-th-rmamatrir—exterrdtirreirtynd-
• • who-claiies a pers'onal nuitant's 85th-b,irthday.
• exemption On beh'alf of a child ' ."
.
• -' forWhonr•thepayments-are. ' •,, • :
••+'+ + ,
.. -•. • - • • received ' must report the ....,
•
. .... . payments as inco,me. • if .. k.2..Witat is the general „rule
neither parent claims an as far as . capital gains, o
exemptionthe pson r .
, er. to
' losses are concerned? •
, .
.-.. . . Whom the cheques are made , A. -The general -ru.le is that ,
. • . , ., • .
out must :rePort the income, one-half ,of capital gains are
`
For 'further information, '• included in income -and ta*d
refer to Item 7 of the Income .. at a person's normarrate of
• -Tax Guideyrovidecl with Your tax. .When dealing with '
income tax return. - capital josses, one-half or
such losses may be deducted ,
against -one-half •of capital
gains. When loses exceed .-
- Q. -My employer pays mean gains, subtract one-half or '
,
• alloWanCe to.cover rny board . your .gains from one-half of
' -
.>•• and room while I ain working your, losses and deduct- up: to .. ,, ,
$1000 otthe difference: -•-•-•z- •'„
, ' at .distant work sites' away
from t nly ordinary . place or . , • ', • .
residence where I support myy• • .., •
7. -1-
wile and family. Previously, I• ' . - •
was told that this had to be Q.: My wife • has interest
included in income .for in- froro, bonds that I purchased
come tax purposes. because I • •for her in lier,...narrre. Is this
was not a• •conStruction interest considet-ed to be my
worker. I understand thatthis- wifes income? - .
no longer- applies. Is this A. The interest is youi- 1 ,,
-. .
provision now applies _to all
correct? .
A. This -.exempting *income because you pdr-
funds. The :same rule woula
'chased the bonds from your
•.*..•,•• ......:-:4C, - '?.I.. -at. 4Ti'll
workers employed at a apply to dividends on shares, .
The Gdderich LODE club purchased an aerosol mist tent and a fetal heart monitor for the
... , •
distant 'work site providing interest on savings accounts
. childrpn sn wing of Alexandra. Marine and.General hosPital..and Monday presented, the
• they meet the oth e • ' and so on, It'is the person Who
necessary conditions: . r h d h • 'who
a ,t e.moneY to, invest . $ ,
equipment to the hospital background, provides high huinidity for Children's
Inds for yoang patients with croup or respiratory distress and the heart monitor,- a
Doptone, is an ultrasound stethasCope for checking fetal heart tones. Jean McGee, left,: ,'
• . and head nurse Anne Sills look on as Marian Lane makes the:presentation to director of
nursing Charity McDonald. (staff photo) '. •
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47
flURONVIEW
• ; •
• Mr. • and• Legg' -of •
Goderich were 'welaonied to
.the„ Fiome •at Monday'
s
prograrra:. flynn,
:Norman . Apair and jrn,
_
---`.°Mrsiiri provided the old -lime:
• • •MUSIC followed by a sing -a
The Clintou. Christiati -
, •
Refired volunkers,asSisted
with the afternoor'i ac
• -.
1,1
Dornesti-Commerikl-industrini -•
133 Britannia:Kt!.
PhOite-Evening-s. 5.24.8.T
.• • ••• • '
•, rraust- report, the '.income
earned. • •
• Q. LrgceiVed a lump sum '
• • upon retireinent. I do not
• tttne litut would like to invest it retired. She • receive's the * - • Bridge Rcores
1J
•
want to pay tax on it at this !-t• My wife and I are both
so as ,th spread the tax aver a Age Security p.'ension: When I
•
Mr. and Mrs. Bj'll Holland
• of the Clinton,area provided a •
',program of, country and
western musk* for Family
• Night. Mrs. Elsie Henderson• .
. accompanied her daughter
Wanetta and Bill; with some; •
, 8aered numbers and Mafy-
• Van Camp eXpressedth,
appreCiatiori of theresidents. • •
: The'Over '90 club met in the
`. Ground Floor North area -On--
• Wednesday • afternoon and
- following games of euchre
and crokinole three new
residents were welcomed to
• the club.. -- Mrs. Jane
McGregor, Mrs. Lawson and
• Mr, • George Lawes. The.
Walkerburn Club volunteers
from Auburn served lunch .
and helped With activities.
• Anirnber of yearS....IS ...there.. am making out iric..orne • Bill • . 'Bradley • and • AJ..' •Hill and Orr then topPed the
some way- that this can •be tax return and claiming.'my Weerasooriya took top honors five tables -in play at the Feb. ,
done? -• • wife, must I include the Old -at the Feb. 3 meeting of the . 10 meeting with a:point total
Ye's'. A .Pprson can use „ Age Security Pension as part GdderiCli Duplicate Bridge of 45..
• '• • • of her incoine? " . Club with a total of 28 Points.. Barb Howe and Marion
Farmers
get tax
• , A. Yes', -* The Old • Age There ;were 'five tables. • in Lane took second with 43.1/2..
I_ Security. Pension as well- as play, while Bradley - and
any supplement •teceived are Vera Hill and Sandra Orr *WeerasooriYa settled for
her income and must be taken ' settled for second place with third with 401/2 points:
into accountin determining 251/2 points while • Mary• .,
the .ambunt, if any, Of your. Donnelly and Eleanor '
• married exemption.
formination
•: • Plans have been finalized.
for an Income Tax Seminar at •
• the Agricultural:Office Board
Room, Cliriton on. Friday,
February 27 from 10:30 a.m.
to 3:00 p.m., , ,
• Discussion leaders• '
, include Bruce McCorquo,dale;
- Farm •Management
• Specialist, 0.M.A.F.., Guelph
and Art • Reed, C.A., of
.Banghart, Kelly, Doig & Co:, •
• Exeter. Biil McEachern,
• Indome, Tax. Department, •
Kitchener, will be taking part
via telelecture.
▪ Topics will inplude income
• and expenses, •capital .cost
• allowances, • averaging of
income, Capital gains arid •
• other special provisions about.
• filing income tax. „ •
Pailiipants should bring a
• blank • copy of their 1975
Income Tax Form the "1975 .,
, Farmers- Income Tax.
• Guide", as well a's their•own
-noon lunch.
Anyone with an interest in
. attending this seminar should
•• contact the Agricultural
• -Office, Clinton, before
• February 24th, says Don
• Pullen, Agricnitural
•Representative for Huron
,• County.
• Why you
should let .'
H&R Block.
worry about:your
• e taxes. ,
•At*1484.12 Block our
price is based (.yn the •
cotnplexity of ‘our
• return, Tfie'sirlipler
• the return. the less
- we charge. ••
Get a little rw,11., niind.
HIM BLOCK
• 1HE INCOME TAX PEOPLE
1,9 VICTORIA ST. N.
• GODERICH
Highway 21 •
• Beside Presbyteriab,
. - Church •
Open 9 a.m. t� 8.p.m.
Weekdays
9.5 saturcfays
• Phone 524.8658
Also 30 '15aac St,
Clinton.
• OPEN SkT,AJRDAYS -
• NO APPOINIMENY
NECESSARY
ErSkine• were third with 25,
points, •
+ Vacuum. Cleaners
W4sher•Spin Dryers
•• -I- Portable Dryers
• " available an
' . easy terms
TRADE INS ACCEPTED. •
308 HURON RD. 524-7831
Put punch into your corn
program with these high
performance hybrids
R144
27.00 CHU 2875 CHU
.2700 CHU
Pride has an, mprdssive line of.beSt-selling single, double and
• 4,
tfire-way crosses. They're ideal for combinin9, picking or
silage production. For the best quality Cis'rtifiep No 1 Seed
choose Pride and for -the best 8ervroe, call your lobal -dealer
now." •
'INALt-AC5'WILSON
RR .2 AUBURick •
- 529-7580
' L.ONARb LOBB
. RR 2 CLINTON
' • 482 9016
WALTER McIWAIN
RR 2 GOOERICH
'524687?
• 1 tr •• •••. . • • •
•••••••••••••••'•:.'•i•
r
• • .1:
The Clinton Kinette Club
eliiertained their adopted •
grandmothers. at a Valentine
Tea on Friday Morning in the • •
ground floor nOrth dining
area. This a,nnuar 'event • is
looked forward to .by the 1
grandmother..s.„ with 47, :en-.
joying the socialliour.
•from our -- 1 -
representative,
Norris PeeVer
who will be at:
, .
The Bedford Hotel, GODERICH.
on the 2nd & 4th Tuesdays of
• each month •-
• 'FEBRUARY 24th
•
•
• gtaildard
Alika-- AUTO GLASS LIMITIED
"THE GLASSMEN OF ONTARIO"
• For vinyl top 0 convertible tops 0 car upholstery
• windshields • body protective mouktlings
36 4 BAYFIELD RD. GODERICH
• (ALL 524-2136
If you require financing to start, modernize or
expand your business and are unable to
obtain it elsewhere on reasonable terms and
conditions or if you are interested in the
FBDB management services of counselling
and training or wish information on
government programs available for your
business, talk to our representative.
FEDERAL
BUSINESS
DEVELOPMENT BANK
For pribrinforniation call 271-5.556 er' .• '
Write 1036 Ontario Street, Strafford: • - • •
• 00eriing.neVy doors to *nal! bdsiness.'.
,V4
1:•
rebruary 29th is th deadline for many irriportant• pro• -
cedures: under the ,Rent Review Act; • . •
• For tenancy agree lents taking effect on or after July
• . 30, 1975 and up to .and,including.,Decgmber 31, 1975,
• , TENANTS Wishing to dispute increases upt� eight per
• cent for that period ,must make applicatiOn on:the
appropriate forrn by February 29,1976. • " • • 1-
• For tenancy agreements taking effect On or after.july
• 30, 1975 and up. to and including December 31, 1975,
LANDLORDS. wishing to charge more than eight per
• cent over the rent charged during the lest 'full month
• prior to August 1, 1975, for the above period, must make
-application on the appropriate forrn by February29, 1976,
• If the LAND,LQRD nd TENANT have not.agreed by
Janugry 17,. 1'976 on the prescribed fo'rrn for. a rent
increase above- -eight per cent guidelihe, and do not
• apply to have t e rent for that, period reviewed, the
TENANT is entitled to a rebate. of any rent paid in excess
• of eight pe' -cent by February 29, 1976.
•.-If the LANDLO9D•fails to refund excess rent by Febru-
• ary -29, the TENANT is entitled to. apply to the -Rent
,• Review'Office for a payment occler. If the LANDLORD
—still does not cOmply_the TENANT may deduct the
4 ;
Ontario
:agreed sum from future rental payments
• • The rnaxim.urtr• rent LANDLORDS may charge tenarits
• .after January 1_1976 for all tenancyagreementswhich
• became effectiveon or after July 30;1975 is eight per
• ,cent more than the .rent charged; sabring* the last full
month .prior to, August 1,1975. Unless the landlor.ct7has
.obtained the aPproYal-of a -rent review officer, alandlord
conecting Tore than thIS contravenes The rent review-
• legislation and may, ori summary convi•ction, be fined. UP.
. • In -respect .to tenancy agreements taking effect O'n or
'after July 30, 1975 and up to and trIgruding April 30,
; 1976, LANDLORDS Wishing tO charge more then -eight •
• . Per cent forany period after January 1; 191-6 must make
• • application on the appropriate form by'February 29,1976.
• Forienancy agreements taking, effect on or after Jan.-
uaryl, 1976, TENANTS,wihing to dispute any. inCrease
• "must make' pPlication on• the , appropriate .form by •
February.29, 1976, or 6bdays after receiving a, noticeof
increase, whichever cones lest. • • •.
•tANDLORDS. and TENANTS are rerninded that appli-
' cations for.rent'review must be made to,the RenrReview •: • .
Office for •the region in which the premises are located
For major landlords, the provisional landlord's guide to-
• the preparation of cost reyenuestatements in support
of rent -review •applicationS nOw ikavailable from the .
'Rent Review Offices listed beloW". •••
•
If you require a bbbklet, Or further information, please write to Rent Review, Box
••
580, Postal Station F. Toronto, or telephone the Rent Review Office for your area. If •
;
you live outside the4 toll -Tree •dialling area for the Office serving.your rnurifolpality, -
dial the operator ancrask for Zer1tith 9-600.0. Y-ou *i be conn.ected with, the Rent
Review Offloe free of charge. ••) •
-
•
•' -
mETRO TORONTO • • • PeterboroliO. • 7439511-. ' SOUTHWESTERNCornwall -.0
.• 933-8662 •
923-1199 .' Richmond Hill 884-6092 London,' ' 673-1660 . Kingstori - 549-4426
CENTRAL -EAST
• CENTRAL -WEST
4 737.2i11 • Hamilton
•
‘,• Nind§or 253-3532 % -13embroke
, . Owen Sound 376,3202 Ottawa • ' . 38`.-5055
735-01.35,
mBa,srsniess_auga . ,
574421 - St Catharines' 6e4-5562 , . ' Belleyilhe. - ' 966-4451. ,, North Bay, • 476-1231 •
.270-32.80* Kitthenr • . 579-5790
528-870.1
EASTERN, . ',NORTHEASTERN . "
.
',Oshawa
- ,. • •,..,. „ , , • ..
-1,...;.:;.:::: .•.' • ., '. . ,. ..
, • :.
11
•
• . •
Ministry of Consumer.
.4 •
_. • and Comniertial'Relations
Ontario
Sault Ste Pane 942 -1173 -
Sudbury 673-7173 •
Timmins 264-9555
NORTHWESTeRN
Kenora 468-3159'
Thunder Bay 475-1595 -
• -
•
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