HomeMy WebLinkAboutThe Lucknow Sentinel, 2016-12-28, Page 5Wednesday, December 28, 2016 • Lucknow Sentinel 5
Lucknow Pet Rescue seeking foster over s,400 people
homes for cats and kittens sign online petition in
support of Bruce Power
Pet Rescue volunteers are
approached daily on the
streets, by phone, by email and
by facebook message to take in
abandoned cats and kittens.
The rescue has only a
handful of cat foster homes.
There is always a need for
new foster homes.
Pet Rescue is looking for
fosters willing to look after
the discarded cats and kit-
tens until they find a home.
Timeframes vary, with kit-
tens being adopted fastest of
course.
Even if you can only offer
temporary space it is better
than none.
Many times the rescue
gets only one day notice that
a cat is due out of the pound
or it will be euthanized
This past week there were
two female cats picked up
outside the same residence
in Goderich and they
remained unclaimed. They
needed to be removed from
the pound. There are no
open foster homes.
In cases like this the cats
are either boarded or put in
to temporary foster to spare
their lives.
The grey and white female
is very friendly and would be
a great pet right now. The
tortioseshell female is scared
and will take a bit of time to
adjust to new things.
A foster application can be
completed online at www.
adoptap et.lucknow. on. ca
Please email petrescue@
hurontel.on.ca with any ques-
tions if you are interested.
Please note that we are look-
ing for strictly indoor foster
homes for cats and kittens.
The rescue does the initial
vetting, and provides the food,
litter, litter pan and carrier.
They arrange the booster
Shared photo
Becoming a foster home for Lucknow Pet Rescue helps spread
the work in rehabilitating and caring for pets who need new
forever homes.
appt.
Foster homes are welcome
anywhere within Huron and
Bruce, on to Guelph and
London areas.
Many of the homeless pets
that are trying to survive on
the streets were once house
pets that were discarded
when they became mature
and able to reproduce.
Others have never known
anything but the streets, before
being taken in by the rescue.
Please help us to help
them by fostering.
Maximizing charitable giving this holiday season
Kim Inglis
Contributor
According a recent BMO
report on charitable giving,
52% of wealthy Canadians
choose to donate to charities
to which they have a per-
sonal connection.
More than half of those say
their motivation to give is
based on the desire to have an
impact on their community.
Only 21 per cent say they
give to reduce taxes. While
reducing taxes may not be
the main motivation, it is
nonetheless a good one
because both charity and
donor can benefit from more
tax efficient ways of achiev-
ing their philanthropic goals.
Gifting publicly listed
securities, such as stocks,
bonds, and mutual funds to
registered charities is one
such way.
A donor who sells the
shares of appreciated securi-
ties, and donates the cash, is
taxed on capital gains. How-
ever, if the shares are
donated directly, the charity
issues a tax receipt based on
the fair market value of the
securities. The charity gets
the full value of the shares
and the donor gets a full
value tax credit without the
imposition of capital gains
taxes.
Consider an investor in
Ontario with a $10,000 stock
position originally pur-
chased for $2,000. There are
two options: donating the
cash after selling the shares,
or donating the shares
directly to charity.
If the investor sells and
donates the proceeds to char-
ity, capital gains taxation has
an impact. Assuming a
$150,000 annual salary with
48% marginal tax rate, the
investor is left with $6,080 net
proceeds to donate.
The tax credit generated
by the donation would be
$2,402.
If the investor donates the
shares directly to a charity,
both are better off. By donat-
ing the shares directly, the
investor is not subject to
capital gains tax. This means
the charity receives $10,000
worth of shares and the
investor gets a $3,976 tax
credit.
This strategy applies to all
publicly traded securities,
including stocks, bonds, and
mutual fund investments.
RSPs can also be used for
philanthropic purposes by
having the donor name a
charity as beneficiary of their
registered plan. On death, the
balance of the plan transfers
directly to the charity, and
the estate receives a tax credit
for the value on disposition.
This can offset taxes on final
income and effectively
bypass probate fees.
Flexibility is another
advantage because the
donor can change the bene-
ficiary if circumstances
change.
Insurance can be used in a
similar fashion by transfer-
ring the ownership of the life
insurance policy and nam-
ing the charity as benefi-
ciary. When the donor
passes, the charity receives
the policy's cash surrender
value plus any net accumu-
lated dividends and interest.
The resulting tax credit can
be applied to a final tax
return. Also, any additional
premiums paid to the insur-
ance company by the donor
are considered a charitable
donation and are thus eligi-
ble for further tax credits.
Donor Advised Fund
funds set up endowments
wherein the donor makes an
irrevocable contribution of
cash and other assets, which
are invested to maximize the
worth of the donation and
increase its value. Investors
can set grant recommenda-
tions and choose which reg-
istered charities receive
donations. In return they are
provided with an immediate
tax benefit and they have a
continuing philanthropic
legacy.
Those wishing to donate to
a charity but still needing
income can use a Charitable
Remainder Trust. Assets,
such as income-producing
real estate, are transferred
into a trust and the donor
gets an immediate tax
benefit.
The donor receives life-
time income and the charity
receives the assets when the
donor dies.
Kim Inglis, CIM, PFP,
FCSI, AIFP is a Portfolio
Manager with Canaccord
Genuity Wealth Manage-
ment, a division of Canac-
cord Genuity Corp., Member
- Canadian Investor Protec-
tion Fund.
For more information visit
www. reynoldsinglis. ca
More than 6,400 people
from across Ontario have
signed an online petition
to show their support for
the future of Bruce Power,
during the Ministry of
Energy's Long -Term
Energy Plan Review.
The online petition was
launched by the Bruce
Power Pensioners Associ-
ation, Canadian Nuclear
Workers' Council, the
Grey Bruce Labour Coun-
cil, North American Young
Generation Nuclear (NA-
YGN), the Power Workers'
Union, The Society of
Energy Professionals, and
the Bruce Chapter of
Women in Nuclear -Can-
ada, with the goal of
showing the provincial
government there is deep
grassroots support for the
continued operation of
Bruce Power as an eight -
unit site.
"It can be difficult to
have your individual voice
heard during a large-scale
consultation such as the
Long -Term Energy Plan
Review, so we thank eve-
ryone who took the time
to sign the petition," said
Dave Shier, President of
the Canadian Nuclear
Workers' Council. "By
coming together, we have
shown the Ministry of
Energy that thousands of
people continue to put
their faith in Bruce Power
to provide low-cost, relia-
ble, carbon -free and safe
energy for a third of the
province.
"We have now submit-
ted the petition to the
Ministry of Energy and
expect it will sufficiently
show the large amount of
support in the area, and
across Ontario, for the
Life -Extension Program at
Bruce Power and the
operation of the site's
eight units through 2064."
The Ministry of Energy
wrapped up its Long -Term
Energy Plan Review public
consultation period on
Dec. 16.
►POLICE BRIEFS
- HURON OPP
Stolen Truck
Destroyed by Fire
Huron County OPP offic-
ers continue to investigate
a recent theft of a pickup
truck that was stolen from
a Holmes Line residence
located just north of Wing -
ham on December 9, 2016.
Police believe those respon-
sible for the crime entered
into a black, 2007 Chevro-
let Silverado 2500 some-
time around 2 a.m.
Once inside the unlocked
pickup those responsi-
ble located the ignition key
in the centre console of
the vehicle. The truck then
was taken off the property
and driven a short distance
away. Police believe the sus-
pects then loaded up vari-
ous items from the pickup
truck and transferred them
into a getaway vehicle.
Shortly after, at 5 a.m. a
plow operator came along
and located the stolen
pickup still smoldering on
Glenannon Road. Ultimately
the truck was completely
destroyed by fire. Some
of the property stolen from
the pickup truck included:
• A black, "T/C Impact"
break action .50 cali-
bre rifle muzzle loader.
• A black, "Traditions" E
bolt 209, .50 calibre rifle
muzzle loader with an
attached scope. • Ammu-
nition. • A man's wallet
containing various pieces
of identification. • Three
sets of two-way radios. •
Two sets of binoculars
Anyone that may have infor-
mation should call police or
Crime Stoppers at 1 -800-
222 -TIPS (8477), where you
may be eligible to receive a
cash reward of up to $2,000.
PARK THEATRE
CODER] ]LF• _1' 524 7811
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