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The Goderich Signal-Star, 1975-04-17, Page 11.C1y eN a Q. I contribute, at my, place of employment, to a pension plan. However, 1 want to have a larger pension when I retire so I have also taken out a retirement . savings plan with a trust company. What is the maximum contribution that I can claim on my income tax form for r both of them A. As. an e'rnpR —ee -you are allowed, to deduct your con-. tributions to the pension plan and your registered retirement savings plan up to a combined, total o rI or per cen o your earned income if it is less than $12,500— Q. Q. I am self-employed and I pay into ' '.a registered retirement savings plan with an insurance ,company. I have no salaried income and un- derstand that I can claim for income tax purposes, a maximum of $4,000 for my retirement savings plan. IS this correct? A.. If you are not covered by an employee pension plan you would be entitled . to claim amounts paid'into a registered retirement savings plan up to $4,000, or 20 per cent of your earned income for ..the year, whichever is less. Q. Is a disability pension under the Canada Pension Plan taxable? What -about a regular pension under this plan? A. Both a disability pension and a regular pension under the Canada Pension Plan are in- come for . tax purposes and therefore taxable. Q. Are Canada Pension Plan or Quebec Pension Plan con- tributions compulsory? • A. Yes. The employer must deduct the required employee's contributions and remitthe amount together with his, snatching contribution to Revenue Canada, Tation. Self-employed persons must" pay Canada Pension . Plan contributions in instalments in the,same manner as income tax payments. This doesn't apply if the worker is under 18, 70 or over, or has a disability or retirement pension' payable to him under the Canada Pension Plan or the Quebec Pension Plan. . Q. Whit action should I,A4cc if my. employer has not deducted. Canada Pension Plan contributions _ or Uneni- .ployment- . Insurance premiums? A. If you are employed under a. contract of service that is employee -employer. relationship, the onus for making- thesedeductikins rests with 'the employer. 1~ first, consult with your employer. If still not satisfied, report this omission to the nearest District Taxation Office as soon as possible' and, in any event, not later than April 30 following the year the omission occurred. a 1 a 11:41 ®m . ...11 ■111'1111111111111MBA EI A " ■I U�■•B�■�. . •��1111111 all yr ®©�m•■�a�mw••■m■,Ir t■■■s■M■M■M■e■M■!. ' ■ ■ ■ ■ IN III ■ ■ II M • Sme•■ ■.M *■■ 1■■■■•■r ■ ■ ■. .,,� . I_ _ "-,. _ - Q. Must I contribute, to the Canada Pension Plan, even though I'll , be receiving an old age pension this year? A. Yes, because this (has no bearing on your liability to contributeto the Canada Pension Plan. Therefore, until you reach 70 years of age you will be uire ' d to contribute to the" plan on yyour-se eii pldyecl"" +++. Q. I supported my 20 -year-old ' ;daughter until she married in • o n.rhe before or after marriage. Who can claim an income tax exemption for her? • A. In this case, you may claim an exemption of $586 for yot1r; daughter, and her husband may claim an exemption of $1,492 for her. Q. I am a widow supporting a a 16 -year-old son who i"s in receipt of an orphan's benefit as well as. other pension benefits totalling $400 for the year. I understand that I can no longer claim the full equivalent 'of married ,,exemption. Is. this correct? A. Yes. If the dependant's income is in excess of $314, the full exemptionwillreduced P he by ••the` amount... Tour. dant's income exceeds $314. Q. What are "indexed per- sonal exemptions"? art su sequent taxation, years; the basic personal exemption and all amounts involved in the computation ofall other per- sonal exemptions are to be adjusted 'upwards to reflect any increase In the Consumer' Price Index. See item 40 of the filing guide provided with your in-, come tax return. BY COUNTY LIBRARIAN BILL PARTRIDGE The town of Goderich has declared April 25th Arbor Day. The Goderich Branch has a number of books relating to conservation and ecology. ' These books , include: "Ecology" by Peter Farb; "A field guide to wildflowers" by Roger . Tory Peterson and Margaret 'cKenny; "The - plant world" by Jean Vallin; ."What are our herbicides doing' to us" by Thomas Whiteside and "Wild flower guide" by Edgar T. Whervy. For those readers interested in gardening there is a good selection of gardening books available. Mr,. -Bill Wisser has a "Purple Martin" house on display at the Goderich Branch. Several of these houses are being placed Spring gardening Cleaning your gardening tools now,will make the spring digging and hoeing easier when you get'down to it. easier. "Dirty spades and shovels pick up a covering of sticky soil at each thrust," explains ,Ont'l rto Ministr y of Agriculture and Food horticulturist, R.A. Fleming. "Rusty hoes and • cultivators accumulate gobs of soil instead of gently turning them over. So the gardener who cleans his tools before he needs them saves lots of time and energy because his equipment is less apt to clog up with mud." Use coarse steel wool and -emery paper to remove rust and ,corrosion from steel tools. When they are bright and polished, rub them carefully with. light lubricating oil. This keeps them clean all season. with a minimum of'care, Over 350 Monuments on Sale WITH A VARIETY OF COLORS, STYLES AND SHAPES TO CHOOSE FROM ---- MANY NEW THIS YEAR. Purchase now and save 5 percent on spring deliver -V. Whether It's a MONUMENT •• MARKER • INSCRIPTION You ars remembering a loved one, T. PRYDE& SON LTD. HELP YOU DECIDE ON YOUR MEMORIAL REQUIREMENTS IN GODERICH Don•Denomme Bus. 524-8761 VISIT 66 Hamilton St. Res. 524-6621 1 1'a.round town. He has also donated to the library three y books "What you should know about the Purple Martin" by J. L. Wade. The Goderich branch. will- be closed April 25 - May 10, in order to do painting and car- peting. The property corn- " mittee of the town. of Goderich has indicated that some renovations are' necessary. Because of this closing all books will be due on May. 12. Extra books may be borrowed for this period. Education Week April 20-26 'Education Minister Thomas Wells has asked Ontario school principals to open ,theist schools to parents during regular school hours tcmark Education Week, April 20 to 26;. The time of Education Week this year is' "learning is a &- operative community en- terprise", and Mr. Welts said that it reflects a growing un-, derstanding' among principals and teachers of the Importance of a strong relationship bet- ween the " school and the community it serves.: "A school that is truly fulfilling its role is one into which parents are welcomed and one in which the staff take the time to explain to parents the hows and whys of what their children are learning. "Education Week . focuses attention on our educational system and 'gives all of those concerned with it, teachers, parents and studtnts the op- portunity to become more closely involved in the educational process. Education Week is traditionally open house in Ontario's schools, a tradition I believe should be carried 'on 52 weeks of the . year," Mr. Wells said. wx.t, d T.O!N TALK'' .4".Mx, t�:r GODERICH SIGNAL -S'T'AR, T iU, ZSDAY'!AP i,I1.►,,11• A0'7.5 �. 11111111111111111101111111111.111 Goderich and area natives are making their mark in Espanola. Ted Barker, son of Mr. and Mrs. Fred Barker, has just been appointed manager of The Canadian Imperial Bank of • Commerce in ''-E'spangla: He wrote to his parents to advise he'd met up with David McGee, formerly of Nile, who works with The Espanola Standard. Earl,. Orser has keen named president of T. Eaton .Canada's largest retailer. . Mr. Orser, a chartered ac- countant, is the son of the late Frank Orser, formerly of Dungannon.and Mrs. Eva (Cox) Orsr, formerly. of Goderich Township. Mrs. Orser resides in Toronto. THE RDS ACREMETER Continuous readout in ACRES - Be SURE'.. ,Apply correct amount of Fertilizer' - KNOW •t e "€XACT number of ACRES covered regardless of shape of Field - Automatic cutoff for Headlands - 2 Year Guarantee. Write for further information or phone Terry MacDonald at (519) 482.3418 EPPS SALES,and SERVICE Box 610, Clinton, Ontario NOM 1L0 WATER DRILLING Latest modern equipment Domestic - Industrial -, Municipal Free Estimates You and your family deserve the best of water so don't hesitate to Call TOM LANG PHONE 5 24-64 109 0,OR COLLECT, 855-4605 2 MILES NORTH ON HIGHWAY 21, GODERICH massimessamminimaigisimisamaiimigammillitamiataireaSMINA 'APRIL. 1 7th10 WEDNESDAY LADIES' ONE . SIZE • ASSTD SIZES V STRIPED OR C E LADIES' FANCY (RIMMED , _.... ... BRIEFS- . WHITE - ASSTD :ti Jr 9tZ'1r 9iri r'�, +� AA 3::1.00 PANTY '%s —TIM eR '1 :4/pan TEA tell 1111111;st _ iluIILLt,TOWELS ant /I IINII1N0 • PAIRS. FOR 1 00 3i1.00 3 " POT -0 -GOLD � 4 PLY �+ KNITTING SIZE. Iii ,?'....--".------= 3BALLSFOR . WOOL - LARGE ASSORTMENT • OF PLASTIC ' _ HOUSEWARESl�(,..1OZ. ASS ' I�uI T'D COLORS i ��, 1, J a 11�'JJ� ..;$ 1 • EACH Mll • Akal\Ex— r ""— ' BOYS' STRETCH .;$tr " "CUSHION FOOT" ASSORTED KITCHEN 41111111rSPORT KLEENEX Zoos. CHOICE OF 6 COLOURS 2z) si 00 R SOCKS „ ,,,x• ,L0041. �'. KEWARE f, ,,,. ,, �A. F , o i*, R PORCELAIN DECORATED STACKING COFFEE 3 F $ R MUGS- •O LARGE ASSORTMENT OF TOTS FOR GIRLS AND BOYS 1'.00EACH SOME REAL VALUES HERE! • PEOPLES AND WILKINSON'S RAZOR BLADES PKGS.$ 3 FOR BRAND 5"s, •®� ASSORTMENT HANDY ...-GLASSWARE ' • ITEMS F ' �• R OF . •OO WESTINGHOUSE AND G.E.' LIGHT -BULBS .(PKGOF 2} , sPKGS. $ , • FOR • •0, 10 IRISH SPRING DEODORANT. SOAP , lig . 00 e MEN'S SHORT T-SHIRT WITH 1' WHITE SLEEVES ' SCREEN PRINT DESIGNS - •00 ASSORTED • DISH CLOTHS 6 is a SPECIAL " -�-' '.0Q ! VALUE �,,- MEN'S OR ATHLETICCELLO • , BRIEFS $ 1 WHITECAROLINE COLOURED , .00 MEN'S NYLON STRETCH SOCKS R 2PAIRSo$1.OO''`+' TRANSPARENT TAPE 12" x 1500" ROLLS 2R b .1.00 BRAND � . NAIL � POLISH AND ." LIPSTICKS r$ 2R LOC TODDLERS ASSORTED SHORT SLEEVES •' T-SHIRTS 1.0o TODDLERS' ASSORTED • CANVAS RUNNING 2 FOR $ 1 .. , SHOES •OO ASSORTED ' SIZES . BRUSH HAIR ROLLERS, 3PKGs$100 FOR ' OMBRE STRIPED FACE TOWELS SIZE 15" 2 is 0 X23" Bi20ADlf00 RUG APPROX.'SIZE ;$ 1 ENDS 18"- X 31" FAMILY rt COMB PACKAGE PACK OF 20 ASSORTED UNBREAKABLE comps � PKG. 1.0 ASSORTED \' PLAIN COLOUR OR STRIPED FACE CLOTHS Si 1.00•O0 A REAL VALUE!00".. "SEAL-TEX" RAYON LACE BABY COVERED TRIMMED PANTS 6OZ. BALL PHENTEX YARN.VINYL MANY COLOURS TO •• , CHOOSE FROM $1.00 BALL lo" MARBLE $ I SIZE PLAY ALL DESIGN •O ®.. ASSORTED TOOLS& FOR THE AMATEURDRIP HANDYMAN • . 1.00 EACHPKG,0E--3 ASSORTED COLOURS PLASTIC ,, DRY HANGERS $ 1 • d • I• 1 , �