Clinton News-Record, 1975-01-16, Page 6Jack's : -JtthigS-
,
4, PA Riddell, Huron MI
our fax breaks
• We are once again on the
'threshold of a new year and I
would like to take this oppor-
tunity to extend to you my very
n • best wishes for a Happy and
Prosperous Year.
rt It is also that' time of year
when we have to square ac-
t, counts with the Tax Depart-
ment and because of the
numerous enquiries I have
received I thought a few ex-
planatory notes on the Ontario
Tax Credit System would be in
der.
or
The Ontario Tax Credit
System, which incorporates the
Property Tax Credit, the Sales
Tax Credit and the Pensioner
Tax Credit will provide tax
credit benefits in excess of $375
million for the 1974 taxation
year and will distribute •hese
benefits among
residents on a broad and
equitable basis. To ensure that
the benefits of these credits are
distributed to those most in
need of tax relief, the total tax
Credit ' entitlement is reduced by
2% of taxable income. Thus the
amount of tax credit available
to any taxpayer depends on
familx circumstances, age, in-
come and. the property 'tax or
rent he or she pays, subject to
an overall maximu eligible f 500.
Pensioners may be
or
all three tax credits. redit
The Ontario Tax predit
System is part of the personal
income' .taxsystem ad-
ministered by ' the Federal
Government. In order to obtain
the various Aga ' credits you
MUST fill out the special pur-
ple coloured tax credit form in-
cluded with' the . income tax
schedules and file it and an in-
come tax return, even if you
have no taxable incorne.
The tax credits outstanding
will be ap-
plied to reduce any
liability for income tax, Canada
Pension Plan and unem-
ployment insurance con-
tributions. ax e��ed � exceeds
value of
Ontario's the Depart-
ment
these liabilities,
of National Revenue will
send out one refund cheque
which will include whatever
Federal . refunds •are . payable
and the tax. credits, Paid L on
bbehalf ?of • 4Yntarrio. ! t; ri C
To be eligible to participate
in the Ontario Tax Credit
System, the claimant must be a
resident of Ontario on a hellast
day of the taxation .y
he
was not an Ontario resident on
that date, he is not eligible.
Thus anyone who moved out of
Ontario to another part of
Canada during • 1973 is not
eligible for any tax credits
unless he moved back to On-
tario on or before December 31,
1973. Where, on December 31
an individual* is temporarily
absent from Ontario, he may be
considered an Ontario resident
on the last day of the taxation 1,
year, unless he files an income
tax return as a resident of
another province at the end of
the taxation .,year: -.-For in-
dividuals who left ONTARIO'"
AND ` CANADA during the
taxation year, the last day of
the taxation year is the day on
which they ceased to reside in
Ontario and their eligibility for
tax credits must be determined
as of that date.
No individual under age 3is
on December 31,
eligible to claim any tax credit.
Other criteria for eligibility
relate specifically to the in-
dividual tax credits.
�a.ceutionx Act 4tlt}ttions do` not pay' prol)erty
tax, Where such institutions do
pay property tax, residents may
include as rent for the purpose
, f calculating ocetipany cost,
payments actually made over
and above amounts subsidized'
under health care programs.
Individuals occupying public.
housing units or senior citizens'
housing units (such as the Low
stitutions Acc are 1neltb talen�tar housing. owned or
claim as occupancy cost any operated by the Ontario
portion of payments made to Housing Corporation) are
these institutions if such ..to eligible for the Property Tax
Rent or property taut paid in
Credit using the rent they ac•ect of farm _land that is
tually pay in calculating their --res ) 1
separately assessed for
occupancycost_.._.,..._
A roomer is eligible to he land paVln which principal
from
calculate his o,�capalnc'y cost residence is located. must i),.based upon the rent he pays for excluded in the calculation "f
his room, which is his;principal occupancy rest. The total rent
residence. .or-. , o . ertsc t,a,lca,.psil.t:for -farm
A Principal Taxpayer vilh0.-- � p y '.
paid property tax or rent for a. - residefice assessed and, farm dogexher. for
ld
farm property which includes
his principal residence may be municipal tax purposes, may be
eligible to calculate occupancy included in calculating (w-
and claim a Property Tax cuff there cost.ancy ,
cost
is
Credit.
more
than
one
a,. cL1ls' QN N
residence, on the farrh, the-
tiwner or renter must exclude
frorp the calculation of nc-
culaani.'y cost all property tax or
rent applying to the -other
residences,
• A farm owner' or tenant is
not required to reduce the
calculation of =occupancy cost
by any amount of property, tax
claimed as a deduction from in-
ccirO for income tax purposes,
or any amount paid to him un -
(continued on 'page 7)
.eruervenm,n-iY+tlAnn.
WS.RECORD, THURSDAY, 414,,14,1ARY 100 1975
-$115 2G:Serders E. -- EXETER -°-- 235.0281
' RES; .10 Green Acres -- GRAND- BEND — 238.8070
RE
SH•(NOT FROZEN)
F . 15 PIECES
BQXiOCW0�N
3 Leg Quarters
3 Breast
Quarters
3 Wings
3 Necks
3 Giblet
Packages
SUPER -RIGHT CANADA GRADE "A" BEEF
BONELESS BEEF. ROASIS
Short Rib Roast t 8,
or Shoulder
Pot Roast lb
•
SWIFT 13QLOGNA BY THE PIECE 1b490
OVEN ROASTING, Ib
'CORNED
swIFT •
78
Ib
1.49,
Ib
1:79
Ib79?
SIDE BACON SUGAR PLUM OR
' LAZY MAPLE, SLICED
PLUM
DINNER STYLE HAM ORSUGAR LAZY MAPLE
IENERS
PREMIUM
SLICED Vac Pac
ALL PRICES THROUGH SATURDAY,S JANUARY GUARANTEED
AD 18th 1975FECTIVE
SUPER -RIGHT BRAND, SLICED w Side Bacon
Frozen Meats & Seafoods!
HIGHLINER, BOSTON, FROZEN
UNIVERSAL, SQUARE DELUXE
5 -Ib -box box
each $1.89 BlUe Fillets $2.99
r171d R'IC GOLDEN SKILLET, FROZEN
BURNS BRAND, STORE PACK Ib
Beef & Pork Sag FRAZERVALE, FROZEN , ' ' •
'
�
use es Ib 7 81i Chicken Cutlets 8 e?
PRIDE OF
CANADA, SLICED 4.
Cooked Meats 6 z Vac Pac 44? Fish & Chips,,2Qz Pkg 99?
ICE "A REAL SAVING"
STOCK UP YOUR FREEZER AT THIS LOW PM
CE
PKG $299BEEF
GROUND
DOI.LAR SAVINGS!Y 1Z TIN
DYNAMITE ACTION PRICED! MOUNT ROYAL, FANO
FL -OZ TIN • PRINT ON WHITE OR COLOUR2 Ply Bathroom Tissue PKG OF Z ROLLS AON PRICEI FANY° ROSED 00 an ar'nOranges
� •T�2Z PKG AION PRICEDI
Beets
Delugej$1.0O Aylmer
8-0Z PKG . ACTION PAIRED! MACARONI & CHEESE
WhiteSwan
inner19.FL.OQ TIN AON PRCEDI GUTAR PROCESS CHEESE SLICES �wEET PANTRY SHELF, RECONSTITUT, ._...ac DiamondKraft
ACTION PRICED!
41$1.00
14 -F
L -OZ TIN
ran aJuice'41s1.00 � 14 -OZ TIN ACTION PRICEDI LIBBY S
.a eas � .Red
to IIu� � �,
I,p1 TIN STANDARD
Choke —Paas & Carrots, Mixed Vegetables,
Groan or Wax an
� �mer Vegetabies , .1., „kyr
MIX or MAT H I - IN TOMATO SAUCE, NOODLE NUMBERS 14 -FL -O2. or
HEINZ SPAGHETTI
19 -FL -011Z
TINS •
_ - CRED
- PROPERTY T"l ITTax
In Ontario bPeclaimedall
Credit maye
individuals residen1g74Ontario
on December 31, sixteen''at
persons under aga
the end of 1974, and persons
under age 21 at the end of 1974
who live at home
Tne
are
claimed as a depnden
property tax credit must be
claimed by the spouse having
higher taxapte income• Only
the property tax or 'rent pa
in
respect of your principal
residence may be included in
'' cost.
.
determiningi
Property tax or rent paid
respect of a second residence or
cottage may not be included in
occupancy coat.
The property ta'x credit for-
mula for 1974 is th lesser bf
$180 or occupy y ost, plus
. For
1'O% of occupancy coatgoat is
homeowners, occupancy
property tax paid ins T4. For
those who -rents occupancy coat
—1-;721A of rent paid in -1.924. For
college, university and nursing
students living in ''prescribed"
student residences, occupancy
,cost is $25.00.
Residents of institutions
operated under the Homes for
the Aged and Rest Homes Act,
the Homes for Special Gare
the Nursing Ron Act
Act, the .In-
andy The `a•
4
ONTARIO GROWN AND WASHED 10-1b_ba, ,� 9
1. MALL Grade Potatoes aag r. ..
fit
ONTARIO GROWN, NO. 1 GRADE, SMALL —
Delicious, Apples - 3 -ib bag 791
BLUE RIBBON
•
Tea -lags + Pkg of 100 bags , T
ACTION PRICEDI
7 VARIETIES
• "OZ Pkg 9fe
k Paean:. isco• s�
"� 1►CTION.PR1rt I,
MACARONI OR
•2 -Ib Pkg 6
9?
Spaghetti Lancia
MEXICAN NEW CROP dozen 49?
Brussels Sprouts
Philodendron Cordatum 3 -inch pot 79?
Jane Parker Baked Goods!
Treat With .' Fine Qualify J
Yourself a 10) JANE PARKER
Vienna dread
Raisin Bread
(BUY 2 LOAVES — SAVE 9c) JANE PARKER
_ 24 -oz ro des' 8 9 Lemon Pie
2.16-0.1-6,99sifBran Muffins
ON PRICEDI JANE PARKER, SLICE. 1 j6 -o: ��� -Spanish Bar- Ca e
m ernickei Bread 2 Ioay..
Q� Pu p
3 9` P WHEAT (SAVE 6c) JANE PARKER
(BUY 2 LOAVES — SAVE 19c) JANE PARKER
FULL 8 -INCH PI
(SAVE c
Each 75.? Frosted Ball Donuts
(SAVE 6c) JANE PARKER
49? Jelly Donuts
(SAVE 10c) JANE PARKER, SOUTHERN
Pecan Pie FULL 8 -INCH PIE
19 -oz cake791
(SAVE 4c) JANE PA �- �a•.„<.,a-
(BUY 2 LOAVES y SAV 11c) JANE PARKER, (SPICY. RAISIN RICH)
�B\l'r!w■r■��
FANCY ACTON A&P BRAND, FROZEN,
10 -oz pkg
Green Beans ACTION: PRICEDI JANE PARKER, WHITE OR 1 WHITE A 1 Pkg di Z' older
KENT - /� •1 # I RMAWII♦1 N SIrve �r�ead 8.0: loaysa r
Vll YIIu. 'PW• ACTION PRICEDI JANE PARKER
CHICKEN, TURKEY, SALISBURY, MEAT LOAF
It1(ER
FULL 8 -INCH PIE Each 99gi
10 -oz cake ¢ StrawberrYPie(PKG DF 12 $1.19)
(SAVE 4c) JANE -PARKER -
...•� 9�
_14 -oz cake 7
5 Hot Cross Buns pkg of b
PEA OR VEGETABLE ACTION PRICEDI �w.RwdC
ALL PtJItPOSE -- ACTION PRICEDI
ROBIN HOOD FLOUR
-
BAG
DISPOSABLE -- TODDLERS SIZE
REGULAR OR MINT FLAVOURS
Crest Toothpaste S0 -ml tube 69?
LOTION 6.74402 BTL --- B.7 -0Z TUBE — 3,6-02 JAR
FAMILY SIZE $1 a,
•v .i .Y,1.,
DETERGENT ACTION PRICKDI
Sunlight Liquid 24 -fl -oz plastic btl 69¢
STRAINED
Gerbers Baby Foods 4'/'i -oz lar2O?
is -Ayr -20,r_ WRAF NS
of 12 9 M.M. Hot Chocolate oZ 89c
Pkg $1. ACTION MUCCI
(25.LB BAG 890) INSTANT COFFEE
10 -lb bag
5 9? Maxwell House 10-oz'jar a
39
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