The Brussels Post, 1974-04-17, Page 6qt.
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INCOME TAX PREPARED
20: ears Ekperience
For Farmers, individuals, Businessmen
— Reasonable Rates
File Early to Avoid Delays
tonnenberg Insurance 1.(tottincy
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6.6,1'14EBRUSiglit. POST; APRIL 1974
YOU TOLL
VS 110E1
TO BENEFI'T,YOU MUST return
FILE BOTH:
a)
Federal income tax
EVEN IF 'YU DON'T PAY
Get our y
b) Ontario -Tax C INCOME TAX. redit Form
fair share of Ontario's new
$300million tax credits.
E milies, pensioners, roomers, boarders, the handicapped
and otheti will benefit. Ontario's new Tax Credit System
provides for three separate credits:
1. People who own or rent (including roomers and boarders)
may share in the Property Tax Credit.
2. People who fill out a Federal income tax return may share
in the Sales Tax Credit.
3. People over 65 may share in the Pensioner Tax Credit.
Even if you don't pay income tax this year, please be sure
to fill out and file both the Federal income tax return, and
the Ontario Tax Credit Form. They both come in the same
envelope—you will find the Ontario Tax Credit Form on pages
2 and 3 of the Tl Schedules.
ANY QUESTIOts17
Metro Toronto local calling area res •
idents, dial 965.8470
Outside Metro Toronto, dial "0" and ask operator
for
Zenith 8-2000
(tree)
tlevy___xtert
g___S.4„---ss014 •
8110
a.m. to 9:00 p.m. Monday to Friday
Noon to 500 p.m. Saturday and Sunday.
Ontaitio's
moff systEm
William Davis, renter
Arthur K. IVIeen, Minister Of PleVeritie
Young people to spend
three weeks in France
.4"
The big news this week at the
Legislature was the presentation
of the budget by Treasurer John
White.
Mr. White imposed stiff new
taxes on land and property
speculators. The amount of the
tax will amount to a 50% tax on
any land or house sales profits
deemed by the Province as in
excess of real value.
.Mr. White said speculation in
,•eal estate bids up prices
artificially, increases the cost of
'lousing and generates
mwarranted windfall gains.
Ontario pensioners, blind and
:isabled will be paid the highest
'uaranteed annual income , in
'.'anada $2,600 for singles and
,55,200 for couples from July 1st.
The Treasurer said the
Province also will pay drug costs
tor about 641,000 people
eceiving federal guaranteed
()come supplements, family
,enefits and welfare payments
'eginning September 1st at a cost
$20 million a year.
The new income supplements
trovide for a maximum payment
v Ontario of $25.61 a month for
Ingle pensioners and $68.84 for
)u pies .
, With existing federal old age
,,curity and guaranteed income
applemmts a single pensioners'
linimum monthly income will be
wised to $216.67 and for married
-ouples, to $433.33.
There will be an end to retail
-sales tax on a wide range of
lousehold cleaning materials and
personal items like toothpaste,
soap and shaving creams. Also
Lucknow Presbyterian Church
Sunday - School room with its
',cautiful bouquets complete with
::aster Lilies provided an inviting
mosphere for the workshop held'
acre under the capable leader-
hip of Misses Mary Lou Funston
and Jean Gardner.
The morning session was given
over to the study of the duties of
the various officers of the W.M.S.
Much interesting discussion
revealed the need to examine
ourselves as officers and as
members and learn our duties as
set forth in the handbook.
Have you ever wondered what
is done with that supply money?
fo this question we received such
.u'swers as: For resource personel
,t purchases supplies and equip-
ment from slides, typewriters,
books etc. to toys. For mission-
aries overseas it may buy things
that are hard to get such as tires
fir cars. On Indian Reserves it
may get playground equipment,
affected will be shoes, skates and
athletic footwear costing less than
$30.
- Other main points of the
budget include:
1. An increase in Ontario Tax
Credits on the 1974 tax -returns for
those earning about $13,000 or
less a year.
2. A. new Provincial body called
the Ontario Land Corporation will
be created to stimulate
acquisition and development of
land for industrial and residential
purposes. It will be. administered
along the lines of Ontario Hydro.
3. Increased grants to
municipalities to encourage water
and sewer projects to make more
serviced lots available for
residential development.,
4. Tax credits for small
businesses to encourage
expansion.
5. The raising of the existing land
transfer tax to 19% for non
residents.
Mr, White said the
Government is introducing a
small business tax credit and
plans to set up a Venture
Investment Corporation to help in
:he financing of small businesses.
He said the tax credit is
designed to encourage the growth
of active Canadian controlled
private corporations which qualify
Parr the federal small business
deduction, such corporations will
be entitled to an income tax credit
:qual to 5% of the increase in.
heir Capital Ontario to a
maximum of $3,000 annually.
Essentially the budget was a
cost of living award to the lower
or furnishings of various kinds at
Fellowship House in Winnipeg or
1)1611 House in Montreal,
The afternoon hours were spent
in learning bow to conduct a Bible
Study using the group method of
study and then all assembling to
discuss and share their findings.
Some suggestions for creating
greater interest are perhaps
worth trying e.g. grouip study so
that everyone can participate',
informal seating in circles or
semi-circles instead of in rigid
rows, sometimes Bove work
meetings, present two sides of a
question to stimulate discussion.
A book display liad been set up,
noonday and afternoon refresh-
ments were served, Christian
fellowship flowed freely, and this
reporter thinks the time was well
spent.
A Post Classified will pay you
dividends, Have you ttied one?
Dial Brussels 887-6641.
and middle income people of
Ontario.
This week also saw the
InStallation of Mrs. Pauline
McGibbon as the new Lieutenant
Governor of Ontario. Mrs.
McGibbon is the first woman to
hold a vice regal position in
Canada. She was the former
Chancellor of the University of
Toronto and still holds the
positions 'Of chairmanship of the
board of Women's College
Hospital and President of the
Canadian Conference of the Arts.
'The Ministry of Education . is
seeking 24 young people to take
part in a three-week visit to
France in June.
The Ministry's Educational
Exchange and Special Projects
Branch will pay the gro,up.'s. air
fare from Montreal to Paris..
While in France they will be the
guests of the French government
and will be billeted in private
homes and youth hostels. Visiting
across, the country, they will
observe first-hand the cultural,
economic, and political aspects of
France.
Applicants must be between 18
and 25 years of age and have a
good command of spoken -French.
They also must have been active
in community affairs. The
applicants will be selected from
across Ontario and will represent
the academic, business,
technical, and agricultural
interests.
Application terms are available
from Cultural Exchange
Programs, Ministry of Education,
15th floor, Mowat Block, Toronto
M7A 1L5, The forms must be
completed and returned by May
3.
In August a group of 24 French
visitors will arrive in Ontario to
complete the exchange program,
Every week more and mote
people discover what mighty jobs
are accomplished by low cost Post
Want Ads. Dial Brussels
887-6641.
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