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14—THE BRUSSELS POST, FEBRUARY 1, 1078
MP outlines employment tax credits
t4
The Employment Tax Credit
Program introduced by the
government in Ottawa to assist in
creating a more buoyant economy
in Canada passed all stages in the
Rouse 'of Commons last
Thursday, January 26.
The program which assists
employers through tax credits to
create additional jobs is
explained in detail in a release
from Huron - Middlesex M.P.
Robert McKinley.
The main points set out by Mr.
.McKinely are:
— Two year program estimated to
cost $100 million a year in tax
revenue.
— Program to begin by March 1,
1978, provided enabling
legislation haS been passed.
— Target of up to 50,000 new jobs
in the first year.
Eligible employment must
involve an addition to the normal
work force that would not have
been made without the incentive
of the tax credit.
— Tax credit will be $2 per
employment hour in the four
Atlantic Provinces and the Gaspe
region of Quebec; $1.75 an hour
in designated areas of Quebec,
Saskatchewan, Manitoba,
Ontario, Alberta and British
Columbia, and $1.50 an hour in
all other areas.
-- Employers will enter into an
agreement attesting that their
employment proposals meet the
program criteria. Agreement
roust be signed before March 31,
1980.
— Jobs must be full-time and last
for at least three months to be
eligible for up to nine months of
assistance.
EmploYers must hire new staff
from among persons referred' to
them by Canada Employment
Centres
— Persons referred will be
selected from those who have
been out of work eight weeks or
more.
— Employment that is already
receiving assistance tied to job
creation from other federal,
provincial or municipal programs
will not be eligible for the tax
credit subsidy. The subsidy wil.
not be given if the workers are
related to the employer or a
person in' senior management, or
if they have worked for the
) employer in the previous eight
weeks.
— No agreement will be approved
if the hourly wage rate is less than
the amount of the tax credit for
the area involved.
Tax credits may be used to
offset federal income tax owing or
held for up to .five years against
future federal income tax
Cranbrook
boy had
surgery
Mrs. Mac Engel
Correspondent
Mr. Lloyd SorSdahl, Stratford,
conducted the service in Knox
Church on Sunday morning.
Gerald Knight, youngest son of
Mr. and Mrs. Leslie Knight spent
several days recently in the
Crippled Children's Hospital,
London, where he underwent
surgery,
Miss Wendy Smith has
successfully completed her course
at Coupal School of Hairdressing
at Waterloo aid is now employed
at William s Hairdressing,
Listowel.
Will Petrie, Boston, wast home
for several days with his parents
Mr. and Mrs, John A. Petrie,
Employer's Four. Steps to a Tax'
Credit
'1. An employer who decides to
hire people under the
Employment Tax Credit Program
will first adivse the nearest
Canada Employment Centre of
the proposed employment plan,
(It must involve an addition to the
normal work force that, would not
have been made without the
incentive of the tax credit.);
2. The Canada Employment
Centre will refer persons to the
employer, selecting those who
have been out of work for eight.
weeks or more, Each will be given
a special referral paper..
3. The employer will advise the
Employment Centre of the names
of the persons engaged and retain
their referral papers. Then the
employer will sign an agrement
form supplied by the Employment
Centre and sent it, along with the
referral papers, to the regional
office of the. Canada
Employment and Infmigration
Commission.
4, The agreement is returned to
the employer with a special tax
schedule on, which the employer
will make a tax credit claim at the
appropriate time.