The Goderich Signal Star, 1976-02-26, Page 346
PA.G4. t;k ,„p,GODfi R1(H :S.IGNAL..STAR,'1'HURSDAY , F. l312UAI Xa'1i,. T67 Li
•
Cindy Sully; left, won•first prize in the primary division of the Kinsmen Club Heritage,Day
poster contest held for elementary school children in Goderich. Cindy, a Robertson Grade
2 student, received S15 for her poster while David Armstrong, a Grade 3 student of Vic
toria, centre, received a'S10 second prize and Vicky Vanderburgh, a Grade I Robertson
student a $5 third.prize. (staff -photo)
Ler$ talk s�
!?. My . husband and I jeweller;.y, rare' folios,
,,eepa.rated:• in •197:5 "and I (lb- manuscripts and. books; '
t.dned custody of our child on • stamps • and -coins are.
\.hoe behalf both-of••us Will referred to as listed personal
be claiming.. a 'pers.onal.. property.: Gains on the
exemption for .that year.. disposition of these assets
Which .mof. :must report when •sold. for more than'
ttlkov`unee payments-as-tn.- - 1:000 ar.e subject to - the: -
. core? : •capital •garnS-; provi•sion•,
I osses are subject to a_•
. Etieh.'c? 9otThiust report a: S.p:cct 1 calculation '. They`
• portion of . 'total payments' may be deducted only from
received .inthe year. To. ;:tains made from the sale of
determine your • share, this type of property. • •
Multiply the amount .of -your•
+
{.+
exemption for:the child by the Q. eWh.at`happens .i.f I sell my
total of payments received in home at`a. price greater than
the yearand divide the it cost m.e? Am I going to be..
product by_ the total of per;
taxed on any, profit or .gain
conal exemptions claimed for
•
the child.. by you and your that! make?
Iru$-VrancThe ,balance' 'must.- _: 1 '
• he reported by your husband. A. Ordinarily no If a "tax-
+++ . payer' uses his home Only as '
tj'1 live in a `trailer. Cari this: his principal residence, that •
te crossed 'as • a .. p.rineipal "home together with tip• to. ra'n
residence? .. - dere of surrounding land, if,
y es. •Any'type of structure • the land contr-ibutes'to the use
;bat you own and ordinarily and 'enjoyment of the home,
inhabit may qualify as' a will be exempt fro-m.capital. •
• •i;rincipal residence: Mains tax..
+++
), Last year .a relative died. --�^
Csnd in hiS will left me several
thousand dollars. Is this
`money I inherited taxably as
t-tcome?•
A. Np.. Money inherited- is not
subject to a income tax.`..
T-iowever, if there were. .in
v.estmertts • involved,. -.any
investment income. received
•or credited after you •
Inherited the Money would be
taxable as part of your in-
come,' . • • •
•
Q. • I understand -,there are.
• special rules regarding • the
Ce uts-Yt-fin til rirs8i C–i? C er- an — -
works of art. Could you •ex-
e1corn� aLTD.n
Phone. 524-2724. J
im'imionwitEsisassimi
'Tire~ 1 I ntex Trill
:-Recreation Program is well
.underway -in the W, Ingham
District, Approximately nine
miles of cross country ski
• trails and six miles Of
snowmobile trails are being •
maintained by the Ministry of
Natural Resources on public'
plain these rules beifely?
1. Yes: W'ork's of .art, such as
prints, etchings.. drawings,
paintings and .sculpture,
Why- you
should let
H&R -Block
Worry about your
income. taxes.
Were hutitan. ;incl
once in a great while
we mace a mistakt;..
But if'our error
,means you mast pity • .
additional tax. you
pay only the tax..We
pay any interest crr-
penalty. We, stand
behind our work. •
Get a Iitlltt.peaee Lir mind. •
Hat BLOCK
THE INCOME TAX PEOPLE
1 9 'VICTORIA ST. N.
GODERICH
Highway 2_1,'
Beside .Pre3lbyterfan
,Church
..open 9 amt. to 8 p.m,
Weekdays
9.5 Saturdays
Phone 524.8658
Abel 30 Isaac St.,
Clinton `. .
- EN SATURDAYS
Nb
APPOINTMENT
NeteSSARY
.Take advantage of the
• Slrncoe is maintaining the price
in the face of rising costs.
1975 price. The Lord •.
on the: 2 nite special •
Modern guest room for 2.nights •
dinner one evening at the famous -Captain's Table
including a welboming,refreshment
breakfast each morning
free overnightparking (from 6.00 p.m. to 8.30 a•rn.
only each day) : r.
$6990
subject to advance registration
and you•can stay an extra night
for'1tnty $4100 double
'ca.See your travel agent or reserve direct.
The Lord Sirrtcoe Hatplp 150. Icing Si. Wftst• T oronta
Tel: (41•.6).-.362.1848 a
urn w y! MkSC: r14
P
xs
IIsw1dei
• land: The trails, are Well used
and the W Ingham office of,the
ministry -has received several
'complimentary °letters
concerning their condition
find lay -out.
Through the program,
trailsare also .being' en-
couraged .on private land:
u
'
' 1 • 1 f,
This is aeComplished b
providing assistance to area
clubs and, agencies forthe.
maintenance of their own
trails,cThese trails must then
be opened, to•• the public.
\pp1ications for .' financial
assistance' were received
frorrt five clubs in the
T W ingham Ditrict. Grants fo, Snowmobile.C10 - $630.00; 1
,each of tkiese clubsave been Queen's Bush Snowmobile
approve asfalTims: ^Cfub'(Walkerton) -$00:00. •.
The Wingham and District'° -' In order to. receive the
Snow mobile Club - $525.t1U; grants each el ►b agrees.to
The Hill & Date hiders carry out a stocified work
Snowmobile Club (Mildmay) . program and submit written
X800.00; progress reports on the work
Kincardine Snow Burr -ds ac'complish<ed. The 1975-76
Snowmobile Club - $•335.00; • W inter Program rowill drain
' A m be r I e y, H u r o n.,'. to a -close by end of ,March.
•
•
Leap year is a time to
save at furniture World.
1 976 is a leap year and
February has 2`9 days.
Till 'February 29 we are
offering 10% .OFF on 29
great furniture items for
your. home. ,
TILL FEB. 29 WE ARE OFFERING
•. At Furniture World we -
sell quality merchandise
from a wide variety of. .
suppliers such as:
KRUG
STANDARD •(A DIVISION OF
HOUSE .OF BRAEMORE)
KING KOLL
WESTINGHOUSE--
PRI,Ncevil..E_
'.. KILOUR
MARIUS OULETTE
and many more
•
Here are only three
examples < of the
BARGAINS AT
Furniture World:.
THERE ARE 26 MORE
GREAT BUYS
EXAMPLE NO. 1
OFA
and
Highback colonial style
100% nylon cover
Manufactured by Troister.Ltd.
(A HOUSE OF BRAAEMORE CO")
OUR REGULAR PRICE s389.99 .
SAVE $38.99'
EXAMPLE NO.
•
■
tamsf
If4®
EYELET 90RDER
SIVE
SKIP srAen.,Eee •
„�.
VITAL CENTRE -THIRD
nrdn. mwijn
.,.,..o 4e<„ •
Save $21.99 from
our regular
tagged prices!
• •Zoned to provide more support In the
middle 'bt mattress where the heave.
•, eat part o1 your body ie.
Damask cover la multl•quIlted to'foam
over layer, of white felt and ,I,aI 10,
extra comfort I axury.'808 spring with
multi -quilted top and border. •
SATURDAY IS
THS; FINAL DAY
. BINI«innyo BA
QUE.EH:SrZE BOX .SPRING:'
AN D : MAT T R:ESS:•
An
39,E CONTINENTAL BED HEADBOARD
LEGS
In The All New Climate Controlled;•SUNCOASF-MAI.I•.
* Hi'ghwdy Souih,•GaderithtS24W2 42 .,.
BUDGEt TERMS: -.:30 DAYS SAME AS CASH - Na DOWN PAYMENT .;