The Brussels Post, 1973-01-03, Page 5--'414114
Family farm .business
agreements are helpful
By
j. Hagarty
ONTARIO MINISTRY OF
AGRICULTURE AND FOOD
STRATFORD,ONTA:RIO
Well over ninety percent of
farms are held as single pro-
prietorships. This has been the
main method of owning farms.
And no doubt It will remain that
way for man y years to come.
Many, farmers at age 50 to 70
are looking forward to retire-
ment. And many would like to
transfer their farm(s) to one or
more sons. They want a simple
method: One they can understand.
One that will be acceptable to
the tax man.
It is very difficult for a young
man to start farming on his own.
If he has to buy the land, mach-
inery, livestock, quota etc. - he
usually says "no way." Quite
often father owns a farm that has
been combined from two or more
100 acre farms with separate
deeds. Father can sell to son
one of these separately deeded
parcels. Father may take back
a demand note. Son may make
yearly payments on this note or
father may decide to forgive the
note in yearly lots of $2,000.
(to avoid gift tax). The machinery,
livestock, etc. may remain for the
time being in father's name.
In the division of income,
emphasis is given to what is
needed in preference to what is
deserved. It could be argued
that a father who owns most of
the assets and who works full time
deserves a larger share of the
income than does the son who
...... -or
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Photo by McDowell
C URRIE - MASON
Betty Ruth Ann Mason and Mason. Perry Mason, brother
Douglas McGregor Currie were of the bride, in a navy sailor
united in marriage in St.John's suit, was ring bearer and carried
Anglican Church, Brussels, on the two rings on a white satin
'Saturday, December 16th, The cushion.
seven-thirty o'clock double-ring The bride's mother received
ceremony was performed by the the guests at the reception held
Rev. Keith Stokes amid a setting in the Brussels Royal Canadian
of white daisy mums and bouquets
of yellow and mauve mums. dress of peacock blue with white
Legion Hall, in ,a crimplene
Traditional wedding music accessories and corsage of white
was played by Mrs. Sharon Ste- carnations. She was assisted
phenson who also accompanied by the groom's grandmother,
the soloist, Mrs. Betty Graber, Mrs. Daisy McLean, in pink crepe
who sang "Wedding Prayer" and dress with black. accessories and
"0 Perfect Love". corsage of white carnations.
The bride is the daughter of The bride's table was centred
Mrs. Eleanor Mason of Brussels with a three-tiered wedding cake
and Mr. George Mason of Kin- decorated with yellow roses.
cardine. The groom is the son The travelling costume
of Mr. Donald Currie and the chosen by the bride was a hooded
late Mrs. Janet Currie of Brus- green and white double-knit pant
sels. suit with black accessories and
The bride, given in marriage white carnation corsage.
by her father, was gowned in white Guests were present from
silk velvet, fashioned with high London, Stratford, St. Marys,
neckline, empire waist and long Blyth, Kincardine , Toronto,
bishop sleeves. The front panels, Listowel, Kitchener, Orange-
empire waist and neckline were ville, Brampton, Bothwell, Blue-
trimmed with Beigium lace. Her, vale and Brussels.
new Juliet cap headdress, trim- The couple will reside in
med with lace, and seeded pearls, Brussels..
held a long, flowing veil adorned
with matching lace. - Her bridal
Bridal shower bouquet was white daisy mums
and yellow sweetheart roses.
The maid of honor, Miss
Debbie Keffer and bridesmaid,
Louise Alcock, cousin of the
groom, wore dresses Similar to
that of the bride, styled with deep
purple velvet bodices and mauve
chiffon skirts. They carried bou-
quets of yellow and white mums.
Mary Lou Mason, sister of the
bride, was flower girl dressed in
white silk velvet trimmed with
mauve and white lace. Her
basket of flowers were white and
yellow mums.
Mr. John Currie of
Orangeville was his brother's
best man. Guests were ushered
by Barrie Currie and Walter
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Power chorjng Farm Equipment
for Dairy, Beef, Hogs, Poultry
Pipe Line Milkers — Stable Clean-,
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Feeders — Ventilation,
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MIKE'S Farm Equipment
RALPH HAVEMAN 88'7-9404 BRusstis.
contributes mostly labour. If
$10,000. or less is being divided,
if both persons are maintaining
households, if both have similar
demands on perSenal income,
a 50-50 division of income may be
best. As long as the division is
fair and reasonable (and not
a means of evading tax), it is
acceptable to the tax authorities.
In this situation the farm, is
really. providing labour income
only. There is nothing left for
interest on investment. There
are farmers with hired men who
say "the hired man receives
more pay than I do."
Father and son can mutually
agree (annually) on the contri-
bution each will make to the
capital and management of the
farm. If no machinery is sold,
father can continue to use straight
line depreciation (Part XVII) and
claim capital cost allowance after
division of income.
Both father and son will file
an income tax statement with a
total farm statement to indicate
the source of their receipts. In
addition to claiming separate de-
preciation, both father and son
can claim any legitimate income -
producing farm expenses person-
ally paid.
'.This agreement may or may
not be considered a partnership
by some authorities. The intent
is that it not be a partnership.
On winding up of this agreement,
it is a matter of each, one taking
his own.
A Farm Family Agreement
Form can be obtained from your
local Ministtry of Agriculture and
Food office.
........
rea Wedding 46 Make
snow
removal
easier
can try
"If you find a path with no
obytaelcs, it probably doesn't
had anywbrre
.Frank A. Clark
Editor's Quote Book
BERG
Sales — Service
Installation
FREE ESTIMATES
• Barn cleaners
* Bunk Feeders.
• Stabling
Donald G. Ives
R.R. 2, Blyth
Phone Brussels 887.9034
In. central Ontario, there are
about 72 days during the year
when snow accumulation is over
1 inch, with an average snowfall
of about 55 inches. For home-
owners, it is\.ncit usually this
accumulation that causes pro-
blems, but the drifting and piling -
up of snow due to the wind and
buildings. Snowthrpwers and
tractor-,plows can help ease this
burden, says R.W.Irwin, School
of Engineering, University of
Guelph.
Electric snowthrowers are
available in widths to 18 inches.
Under ideal conditions they'll
discharge about 225 shovelaftil
per minute. Throwers powered
by gasoline motors range in size
from about 22 to 26 inches. Both
types are adjustable for height.
Check the equipment to make
sure it i s suited to the surface
to be cleaned . " Some types of
throwers will make gouges in
asphalt driveways.
When the major problem is
drifting or packed snow, snow-
throwers do not really ease the
job of clearing snow. Snow
fencing located upwind from the
area and at right angles to the
prevailing wind will help reduce
drifting. Don't wait to clean
out your driveway; it is easier
on you and the machine if there
is only 4 to 6 inches of snow on
the ground at a time.
A homeowner who has a small
tractor for cutting grass can also
use it during the winter, says
Prof. Irwin. A 36-inch blade
is available for the front .of the
tractor to plow the snow. Snow
clearing will take a lot of power,
and to be effective the tractor
should be at least 7 hp.. Anyone
wanting to use a larger blade
should remember that power re-
quirements will also increase.
When plow width is doubled, the
engine has to be 4 times more
powerful to operate efficiently.
Emergency snow removal
equipment is only used a few
times each year and has to be
serviced regularly for reliable
winter operation. An improperly
serviced machine can be almost
impossible to slart in cold
weather. Homeowners may also
find the equipment difficult to
store so that it is convenient .,
but out of the way.
If you plan to install new
asphalt on your drivewa y you
Friends and relatives might want 'to look into heating
gathered at St. John's Anglican cables for snow removal. When
Church Hall to honor Miss Betty in use for an hour, cables will
Mason prior to her marriage, melt snow at about 1 inch per
A happy social evening was hour at temperatures above 10
spent in playing games and Miss degrees F. Heating cable
Mason was showered with many requires 35 watts per square
lovely and useful gifts. She was foot to be efficient.
assisted in opening them by Mrs. If all else fails, you
Betty McCall and her mother, a long-handled shovel.
Mrs.Eleanor Mason.Miss Debbie
Keller read the address.
The bride-elect thanked
everyone in a few well chosen
words.
Lunch was served to bring a
pleasant occasion to a close.
THE BRUSSELS POST; JANUARY 3, 1973-4