The Goderich Signal-Star, 1987-07-01, Page 7GODERICH SIGNAL -STAR,. WEDNESDAY, JULY 1, 1987—PAGE 7
Business
A group of teachers from. Goderich .District Collegiate Institute
received an education on the operation of an international
manufacturing company recently as part of a co-operative educa-
tional exchange between GDCI and Champion ,Road Machinery
Ltd. Champion employees will also be taking upgrading classes ,
the local high school. Here, Marketing Director Bill Metcalfe con-
ducts an introductory session with the teachers. (photo by Patrick
Raftis )
OFA reactionto tax reform is mixed
Brigid Pyke, presidtrt of the Ontario
Federation of Agriculture 1 OFA) welcom-
ed the retention oft the $500,000 capital
gains exemption for farmers, but said
other provisions announced by Finance
Minister, Michael Wilson will unnecessari-
ly complicate farmers' business and tax
practices.
"Farming is highly capital intensive,
and farm property is usually the only
retirement -fund a farmer has. So there are
very good reasons why the proceeds from
the sale of farm property are given special
tax treatment. However, the benefits of
this capital gains exemption are blunted
by the existence of a minimum tax, and
there was no signal from Wilson that this is
going to change." said Pyke.
The OFA president pointed out the tax
reform proposal sets new restrictions on
the definition of farm property that would
qualify for the exemption. Farm'property
acquired today would have to be held at
least two years, and ross income, from
farm operations hase greater than net
income from other sources in order for the
property to be classified a farm asset.
Pyke further objected to the announce-
ment that farmers are going to have to file
taxes on a "simplified accrual" ,system.
"To a farmer" said Pyke, "that's a con-
tradiction in terms: It may be simplified.
for Reven ,in
Canada, but not for us." Nine-
ty two percent of Canadian farmers
presently file under the. cash accounting
method. "I'm suspicious that this may be
the start of -the -government's move to veer
the calculation of farm taxes toward a
solely accrual basis."
Fanners who have had to seek work off -
farm to supplement meager farm incomes
have not had their tax affairs simplified by
the tax reform proposal. Neither have they
gained the ability to forward plan, said
Pyke.
The Ontario Federation of Agriculture
and the Canadian Federation of
Agriculture presented a proposal to the
finance department that would have met
these two objectives, but the. Wilson state-
ment did not capitalize on the farm
organizations' recommendations.
"This white paper does not introduce
any more certainty into tax planning for
dual -income farmers, nor does it change
until 1992 the requirement that farmers
`meet a very subjective 'reasonable expec-
tation of profit' criterion that we've found
a problem for so many -years." com-
mented Pyke.
As for the possibility of a national sales
tax — and the alternative of developing a
business transfer tax or a value added tax
— the leader •of. Ontario's largest farm
organization said farmers will'have to pay
strict attention to the implications of
greatly increased taxes on their inputs and
how this will affect the supermarket prices.
consumers will face.
Book Agricrew now for August
Agricrews, for . both the north and the
south of the county, are working hard,
these days. Various farmers have booked
• the crews to do different jobs around the
farm, such as picking stones, haying, fenc-
ing, etc. Already, the crews are booked
solid until July 27, 1987.
If you have a date in mind, when .you
may need a crew, please call Susan
Diemert (Huron North) or Donna Kieffer
( Huron South ) at 482-3428 or 1-800-265-5170.
A crew consists of four members, which
work for eight hours a day for $90. Book
now for August and avoid
disappointment! ! ! !
a
Applications are:still being accepted for
the position of Alternate on an Agricrew
team. If you enjoy agriculture and work-
ing outdoors, please phone the above
number. Openings are constantly
available. '
4iGoderich Sunset Golf Club
and Driving Range
COME OUT AND PLAY!
Book your weekend tee off time now - Reduced rates after 2 p.m.
Hwy. 8.3 Miles North of, Goderich 524-8047
Save on all Brother
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R. J. and Phyllis Ballantyne, formerly of Waterloo are the new owners of Shelter Valley
campground, four miles south east of Goderich on Highway 8. The Ballantynes took over
from former owners Ray and Marlene Bush and Family, who started the bussiness in 1977.
The family 'C'ampground offers seasonal and overnight camping and features: fishing,
swimming pool, recreational program, modern washroom and laundry facilities and a con-
venience store. (photo by Patrick Raftis)
Book gains recognition
Within five weeks of the release of his
sixth book aid first –to gain national
distribution, Goderich native Rob Slider.
has been the focus of considerable atten-
tion from radio programmers across
Canada.
Already he has..booked 11 interview or
open -line appearances in four provinces,
national radio interviews on CKO and CBC
FM networks, and has also been interview-
ed on TV for CFTQ's "Toronto Today". A
. two-month radio series named for the
book, "The Ultimate Shopper", has been
accepted for broadcast by eight stations in
four provinces.
•His offbeat consumer -manual has a so
attracted the interest of the Consumers'
• Association of Canada, publishers of Cana-
dian Consumer Magazine, who were con-
sidering it for use as. a subscription
premium.
Unfortunately, his off-the-wall sense of
humor, unusual in a book of this kind, has
been one of several minor impediments to
getting the book into bookstores. Thus far,
he say most of the media people who have
read the book expressed enjoyment of his
unusual approach, andmany found it to be
a valuable resource, but the wholesalers
and book chains, on whom Rob was coun-
ting for distribution of the book, have been
hesitant to take it on.
"This isn't the first time this has happen-
ed to me," Rob says. "I lost a public speak-
ing contest in high school with a very funny
speech, but it didn't go over because it was
about how to commit the perfect murder."
Still; he's enjoying the national attention
and counting on this publicity to make the
big booksellers sit up and take notice.
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