The Goderich Signal-Star, 1979-03-08, Page 22PAGE 22—GODERICH SIGNAL -STAR, THURSDAY, MARCH 8, 1979
Farmers shoul
by Alice Gibb assets from a father to a
Getting a good ac- son. Mr. McEachern
coutant, one who is advised the audience to
knowledgeable about consider profit-sharing
farming and familiar arrangements rather
with provincial and than a full partnership
federal legislation operation since the ac -
covering farm transfers counting costs are way
or partnerships, is the out of line -when a father
best •way farmers • can and son 'go to divide the
deal with tax problems, farm assets.
according to a Grand In ",a profit-sharing
Bend tax consultant. arrangement, each
Bill McEachern, who partner would have their
worked for Revenue own assets, and "a son
Canada for 30 years, and could buy a new tractor
now operates his own without his father's
firm, told a meeting of permission."
the Huron Cotunty Mr. McEaehern told
Federation of Agriculture a<: members he doesn't
in Clinton last week that recommend in -
any farm transfers —corporatiing a farming
between family members operation, unless part -
or any farm sales are ners are making between
being carefully checked $20,000 to $30,000 each
today when capital gains year, since incorporation
taxes are filed. brings "accounting fees
Mr. McEachern said and troubles to farmers."
although husband -and- He advised. if family
wife partnerships may members do incorporate
provide a slight tax credit an operation, then the
and pension advantages, farmer shouldn't put his
there are pitfalls. farm into it, since this
The consultant said in can create a problem if
order to have a legal one member of the family
partnership -wants out at some future
arrangement, the farmer date.
must prove his wife Mr. McEachern said
contributes both capital transferring a family
and labour to the farm farm from a father to son
operation. can cost as much as
He said the labour $100,000 in avoidable
contribution is the most income taxes unless the
important aspect of the farmers can get someone
'partnership to prove. who really knows the tax
Bev Brown a federation legislation to assist in the
member, said an Eastern transfer. '
Ontario farm women's By handling a roll-over
organization has properly, , Mr.
recommended that McEachern said you can
women in partnership pass the capital gains tax
arrangements keep a down four or five
daily schedule of their generations down the
labour on the farm and line, so the taxes won't
get witnesses such as vets have to be paid for 30 to 40
or R.O.P. men who may years.
visit the farm to witness The problem in roll-
thejr contributions to the overs however, is that
farming operation. many accountants aren't
Mr. McEaehern said familiar enough with -
while the taxation provincial and federal
department' recognizes legislation in transferring
the wife as 'a partner in property. The tax con -
the operation, the Farm ,sultant told the audience,
Credit 'Corporation "I know only'three ac -
doesn't take the wife's countants who can do a
labour into account. roll-over properly:."
Many of the questions The rights of federal
at the meeting dealt with auditors in demanding
the transfer or "roll- access to farm records
overs" of property • and was also questioned by
seek good financial counselling
members of the auditors.
Mr. McEachern told
the members that
Revenge • Canada can
examine all of a farmer's
records, as long as they
do it at the farm.
"They aren't allowed to
take them (the records)
out without your per-
mission unless they have
special identification to
seize your records, if they
do, that's when you're in
trouble," the tax con-
sultant said.
He said the threat has
been used by auditors,
"well, if you don't want to
give them (records),
we'll take them" but
records can't be removed
from a farmer's home
except for a special in-
vestigation.
He said if the auditors
used any of the in-
formation on the farm
records outside the audit
procedure, then they
would lose their jobs.
Also, he advised the
audience that they now
have a right to go into a
Revenue Canada office
and view their file under
new government
legislation. ,
He said if farmers are
unhappy about the -
there
• are ap al
procedures they an
follow when the audit is
completed.
The tax consultant also
told the audience he feels
the Canfarm accounting
service is an excellent
one as long as in-
formation is fed into the
system correctly.
In other business, the
Huron County Federation
of Agriculture decided to
Fewer teachers...
• from page 1
absence which will delay two layoffs for at least
one year. He said teacher resignations, tran-
sfers or retirements could allow the board to
staff the schools with no layoffs.
The board's personel committee chairman
Shirley Hazlitt reported ' that according to
projected enrolment and pupil teacher ratios
the board will require 324 elementary school
teachers next year, a reduction of three
teachers. The Goderich-Colborne township
trustee added that according to staffing
guidelines and enrolment in kindergarten one
less kindergarten teacher will be employed in
the 1979-80 school year.
Kindergarten enrolment will actually in-
crease next year according to board statistics
but distribution of those students require one
less teacher to be employed. The total number
of kindergarten students expected next year is
728,' up from 712 enrolled this year, but
'enrolment in two of the schools is down suf-
ficiently to warrant dropping half time kin-
dergarten teachers in each.
,Hazlitt said the, personel committee had used
the 22-1 pupil teacher ratio for elementary
schools when determining staff needs for the
coming year. She,.said the board is bound by the -
22 -1 ratio across the county She said this year
there are 7,112 elementary students in' the
systemand that figure is expected to drop to
7,028 in September.
The largest reduction of students and staff
will be in the secondary panel where the pupil=
teacher ratio is lowest. The board's contract
with the teachers sets the ratio at between 16.8
and 17..2 -pupils per teacher. This year the total
enrolment in secondary schools is 4,498 and that
is expected to drop to 4,617 when school opens
next September.
Town Council Briefs
BY SHIRLEY J.KELLER
The 53 -unit senior citizens complex is closer to
reality this week following a visit to council from
Daryl Kreuzer, project co-ordinator from the
community housing branch of the ministry of
housing, and Dan.Murphy, the town's solicitor.
Approvalswas given by council for Clerk Larry
McCabe to arrange necessary financing to pay
for the property on West Street -which is the site
of the project. The ministry will then buy the
land from the municipality with the exception on
one lot which will probably be offered for sale on
the open market to offset expenses for the
project.
The buildings on the site will have to be
demolished and soil testing will need to be done
before the ministry will settle the deal.
However, Kreuzer says that some preliminary
soil testing has proved satisfactory and he feels
"99 percent certain" the project will go ahead
without a hitch.
WILL IT BE A WET SPRING?
IF IT IS ARE YOU PREPARED?
SUMP PUMP
If you have water problems In your basement now,
think what it will be Tike If we have," wet Spring,
Inquire about a sump pump to -day, boforo It Is too late,
ALL METAL, CANADIAN MADE
SERVICE
DONAINION
30 VICTORIA ST NORTH
GODERICH
574-5[ill1
Yi
•
During Monday evening's council meeting,
council members got Much of the legal work out
of the way to allow the project to proceed.
Demolition should begin late this month.
-1-.± + y=
Council has received a letter- from D.M.Young
of Auburn who was issued a parking ticket on
The Square while attending a court session.
Young said he was unable to leave the court
room to move his car and suggested that if there
had been parking meters on The Square,
someone could have put money in the meters for
him to avoid the ticket.
"The same person who would have put money
in the meter could have moved the car, stated
Councillor John Doherty.
Council agreed the ticket will stand and Young
willbe notified that one dollars is still owing to
the town..
Councillor Stan Profit commented that not
many businessmen's cars are parked on The
Square any more, leaving more spaces open for
others,
+++
Council did not deal with a resolution from the
hospital board regarding the bed closings at
Alexandra Marine and General Hospital at
Monday's meeting.
The matter was tabled for one, week on the
motion of Councillor Elsa Haydon 'who said
council would have "new information" at that
time to consider.
• +
The recommendation of the waterfront
cofnmittee to spend about $2,000 to install 11 post
top lights at Snug Harbor this spring was ap-
proved by council.
Councillor Brain Knights of the finance
committee tried to have the matter referred to
budget time when he felt it should be . a
discretionary item, but that view was challenged
by Councillor Elsa Haydon.
Haydon said the lights are necessary and
reminded council Snug Harbor has income and
because of it, the money for the lights could not
be considered a true expense 'to the municipal
ratepayers.
Commissioner of works Ken Hunter explained
the lights at the marina had been vandalized two
years ago and should have been repaired or
replaced last year. However, by the time it was
discovered last year the lights could not be
economically repaired, it Was too late to tender
the w�rk and get the lights installed.
At ording to Hunter, it was agreed to wait
until his spring to do the work before the sailing
sea0tln. April 28 is launch day, Hunter said.
Deputy -reeve Bob Allen said the lights are
necessary to safety at the marina.
withdraw an earlier•
resolution on binder
twine and support the
resolution made by the
Canadian Federation of
Agriculture. •
The national body has
asked the government to
11 IL Al RL
withdraw their in-
vestigation by •Revenue
Canada on the coun-
tervailing duties for
bailer twine because of
purported subsidies in
countries such as Brazil,
Mexico and T.aniania.
The resolution said
these countries produce
the only sisal twine
available, since it can be
grown only under certain
climatic conditions. Also,
many Canadian farmers
prefer the sisal twine to
THEATRE FOYER COIJRTYARb
the plastic twine
manufactured in Canada,
since the sisal is bio-
degradable.
The federation said
they didn't feel the
present situation was
harming ' the' Canadian
STORES OFFICES
binder twine industry,
since only plastic twine is
produced in the country.
Andy Durand, a Zurich
area farmer, reported he
had been unsuccessful -in
investigating the amount
of foreign land ownership
in Hay Township.
LANEWAY
An extension has been granted on the offer to purchase of the
former Polley's Livery Stable by the Goderich Performing Arts
Foundation. To avoid demolition of the building, the Foundation
must raise $50,000 by March 20. This money will also allow the
Foundation to secure the lot to the right of the livery stable.
Foundation member, Heather Lyons, is confident the mdney can
be raised. This sketch shows the proposed development of the
cultural centre which the Foundation hopes to develop starting at
the left with the actual stable theatre and foyer.
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FOR VALUES o1�d i
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diet Pepsi or • DELMONTEFANCY •• Duncan Hines, country recipe . •
Pepsi COIa • TOMATO 48icake OZ. •
mJUICE •
• 750 mL btls.
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•520 gram
• HOSTESS 225 G.
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; POTATO CHIPS: 79crkg.•
— •• ROYALE •
: TOWELS 2ROLL 994 • :�
• •
plus S SKIPPY 2 LB. JAR • •
deposit ,PEANUT BUTTER 189• ® •
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• •••••••••••••••••, •••••••••• ••••••••••••• s••••••••••••
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•••••••••••••••••••e•s.••••••••••4••••••••••••••emme •
• CALIFORNIA CHOICE 113's • FRESH ONTARIO PORK BICK'S 32 FL. OZ.
•NAVEL 59••
BUTT PORK CHOPS $'1.49 LB. • SWEET MIXED
•• ORANGES Doz. :sH0uLDER
PICKLES
• PRODUCEOFONTARIOFANCYGRADE PORK ROAST LB.1 . 2 9 • GLAD 20's
• SPARTAN 31..89c• PORK RIBLETS 89#c •GARBAGE
• • LB. •a BAGS
• PRODUCE OF MEXICO, • ONTARIO PORK BY THE PIECE
• LEVER'S STEMS 8 PCS.
• CANADA NO. 1 GRADE • PEAMEAL BACK BACON X2.39'••MUSHROOMS
OZ.
79 •
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• TOMATOES Z FOR �9C 0 BRUCE PACKER'S •
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• : BRUCE PACKER'S 3 LB. HEAD • CLARK'S 14 FL. OZ. •
• PRODUCE OF U.S.A. NO. 1 GRADE • PURE LARD TUB 1 49 CHEESE (� 9 4 • BEANS with PORK 39 ••
• SEEDLESS • 3 I.B. CONT. LB•
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• CUCUMBERS 5 9 A. • BRUCE PACKER CHUBS 2 - 3 LB. AVG. FRESH •ONTARIO •
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• • SUMMER PORK LIVER 4 • QUIK L.
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PRODUCE OF U.S.A. VEXAR PACK •SAUSAGE. . 9 9 LB. SLICED.
691. •ii
FLORIDA ST. WILLIAM'S B FL. OZ. •
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ORANGES BAG $ l• 49 • MAPLE LEAF SWEET PICKLED VAC PAC :
JAM STRAW. RASP.
5 4
TASTER'S CHOICE 8OZ.JAR •COTTAGE ROLLS 1.69LB. • •
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INSTANT : MAPLE LEAF -DEVON -BRAND V.P. • •
RIATHROOM G
• COFFEE 4.99 • SLICED SIDE BACON $ l 59 LB. ; TISSUE 594 •
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SILVERWOOD'S DELUXE ICE CREAM CHOC-MAPLE-NEOPOLITAN 2L.
TCH-
PLASTIC ■ •
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$1.09 ••
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$1.99:
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10
L.
NESTLE 2 LB. TIN
• orange flavour'
:Tan
• cry als-
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• 4 x 3 1/4 oz. pkgs•.
Canadian processed cheese food Allen's
Kraft ;fruit
singles 'drinks
• 1 Ib. pkg. .■ ! 48 fl: oz. tin ■
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fancy frozen
• • Dare's Maple Leaf 340 4 0 Blue Bonnet
• cookies gram 07 • soft
• aeep & delicious frozen
•••••••••4•••••••••• : margarine
deluxe
.uxe or pepperoni11/ • 1 Ib, bowl
Mcain •pizza
20 - 22 oz. • Post cereal • 61 i •
• pkg' • sugar crisp 400 gr•am
1.1 •oz. •tin •
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• • •Philip's •
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�, • standard 40w-60w-loow •-. •
O.
• light bulbs70d •
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•0000000000‘ •••••••• pkg. of 2 bulbs
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RED & WHITE FOODMASTE Above prices In effect Monday, March S until
M•CUTT
closing time, 10:00 P.m; Saturdey, March 10, •
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LIMITED 91 VICTORIA SIT. QODERICH 1470 or -while quant�tles last. •
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• York peas . 2ebq • n� •
• frozen •
• Coffee Rich oz cgnl .75:
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