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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 FOR MOVIE INFORMATION.., . 1 wwohmiwi Iienkg.ce •-a v. r. ,,e71 -800-265-343E1