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Zurich Citizens News, 1974-01-17, Page 12PAGE 12 ZURICH CITIZENS NEWS, THURSDAY, JANUARY 17, 1974 Pensioners file returns early for rebate Pensioners and taxpayerswho are not waiting for T4 or T5 slips should file now for their fair share of Ontario's tax credits Revenue Minister Allan Gross- man advised this week. Mr. Grossman told a Toronto meeting of senior citizens that residents who have no taxable income stand to benefit most from Ontario's Tax Credit Syst- em and should claim their tax credits before the rush of federal income tax returns begins. "This year's tax credit prog- ram, which is integrated with the income tax system administ- ered by the federal government, has been expanded," Mr. Gross- man explained. "We have added a sales tax credit and a pensioner tax cred- it to the property tax credit. It is estimated that about $300 million in benefits will be paid to Ontario residents to bring greater fairness to the provin- cial tax system, " he added. Mr. Grossman continued: " We expect that two out of three Ontario taxfilers will share in these tax credits. Many pension- ers, for example, will get some- where between $126 and $300 depending on their particular circumstances." Eligible residents must fill in certain pages of the federal income tax return and the purple Ontario Tax Credit Form attached inside the tax package, in order to claim --even if they have no taxable income. "I strongly urge senior citiz- ens, welfare recipients and other residents who are not wait- ing for T4 or T5 slips to compl- ete and mail an income tax return as early as possible, " Mr. Grossman said. Residents who have not receiv- ed an income tax return in the mail should pick one up at the Post Office. Mr. Grossman said citizens requiring help in claiming their tax credits should contact either the nearest federal district tax office or telephone the Ontario Tax Credit Information Centre, The three tax credits are rel- ated to taxable income. The claimant must deduct one per cent of taxable income from his total credits to determine his net credit. The property tax credit is designed to offset the burden of municipal taxes for homeown- ers, tenants, roomers and board- ers. The sales tax credit, equal to one per cent of total personal exemptions, provides relief from the retail sales tax, part- icularly for senior citizens and low-income earners with large families. It seems to me that Mrs. Plumtree's Food Prices Review Board at last has knuckles under to the critics of her Board. Or so it appears to me anyway. Any business that has a loss in one year will try to make up for it in subsequent years and nobody will accuse them of taking undue profits. When it comes to the farmer egg produc- er however, this is branded as such by the board. And even if profit would be reduced, it couldn't be very much, for the profit is only 4.37¢ a dozen. According to Bengali's Bill Mickle, a director of the Egg Marketing Board, 3¢ a dozen is needed to pay off the debts and other business losses from the last two bad years. What about it consumers, are you too going to insist that these farmers stay under their debtload for a measi) 3¢ per dozen eggs? Or are you thinking with me, that we are obliged to pay them now for the eggs we bought when they were subsidized by the egg producer. I have always had confidence in the ability of the family farm to compete with the large corp- orate farm. The reason is quite simple. If the cow is about to have a calf or the sow a litter of little piggies, and a man is paid by the hour, there is not much incentive to go up to the barn in the night for a look of how things are going. This lack of personal involve- ment can be pointed,out in almost every phase of food prod- uction. Thus to be efficient there have to limitations on the size of the operation. The big companies with money to burn decided to try it in the USA. To name a few: S. S. Pierce Co; CBK Agronomics, Inc., Gulf and Western Industries, Inc., The Gates Rubber Co., Multi - ponies, they couldn't justify it to their share holders and pulled out. Others as Purex and Tenneco are in the process of pulling out. What is left will be changing int( contract business, where the farmer will provide the work and the basic capital and the partner working capital and a share in the risk and in the prof- it, As an American economist put it: "Who is going to sit up with the corporate sow at night . " The time has come around again for doubtfull products to The pensioner tax credit prov- ides additional tax relief for senior citizens and is equal to $100 for a single pensioner or a married couple. ANNUAL MEETING OF THE Zurich Agricultural Society will be held in the Hay Township Hall, Zurich ON MONDAY, JANUARY 21, 1974 At 8:00 P,M. CLAIRE DEICH ERT MARY HAGGITT PRESIDENT SECRETARY be peddled to gullible farmers. The Huron County Federation of Agriculture issues a warning to all farmers to beware of claims of great savings to be had by substituting new "wonder products" for tested and proven methods. Last year it was the door to door insurance salesman, maybe he is still at it. Now we , hear about a new wonder fertil- izer that could save the farmer hundreds of dollars. Beware, when they offer soil analysis and consulting services, charging a huge fee for membership. Rem- ember that you can have this service free of charge from your agricultural office. Feed analysis is free by most feed companies for a small fee by your OMAF office, Before you sign on the dotted line consult with your Ag. Rep. for he has the information if it is a good deal or not. Don't bel- ieve the suggestion that test information on their product is suppressed because of ulterior motives. Beware, it could cost you dearly in under -fertilized crops. There are no shortcuts in growing crops. About people you know Mr. and Mrs. H.L. Locke, of Trenton spent the weekend in Zurich with Mrs. Emma Schilbe and other members of the family. Miss Donna Merner, returned to her home in London, England, after visiting with her parents and other relatives in Zurich. NOTICE • Due 'to the prevalence of Influenza in the Home and in the area, visiting at Huronview has to be banned for the present We are sorry to have to take this ,action and will lift the ban as soon as possible. C.A. ARCHIBALD Administrator SAVE - SAVE - SAVE Our buyers have just returned from the annual Furniture Show in Toronto, and purchased more than our stores will handle. Now we have to clear out our present stock to make room, and we are dropping prices drastically !! CHECK THESE I * Two -Piece Swivel Rocker and Davenport only $169.95 *Seven -Piece Dining Room Suite REG. $750 Now only $589.95 *Clearance on On All End Tables & Lamps *Clearance On All Bedroom Suites *Clearance On All Living Room Suites COME TO OUR OPEN HOUSE FRIDAY & SATURDAY, JANUARY 18 & 19 WAREHOUSE, BASEMENT & GARAGE DISCOUNTS FROM SALE 20 TO 75ON ALL % MERCHANDISE COME IN AND BROWSE AROUND --- COMPARE OUR PRICES THE STORE WITH MORE QUALITY AND SERVICE NGERICH'S Ltd. ZURICH 236-4351 SEAFORTH 527-0290 "GUARANTEED HURON COUNTY'S LOWEST PRICES OR DIFFERENCE RETURNED"