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www.insideHALTON.com · OAKVILLE BEAVER Wednesday, March 7, 2012 · 4 Continued from page 1 Councillors have set budget for expenses don't contribute to the pension anymore and our life insurance declines and disappears at about 80." Town council members differed in the amount of expenses they claimed for professional development, with Robinson claiming the most at $3,785, followed by Khan with $3,700 and Ward 5 Councillor Jeff Knoll with $3,639. Ward 4 Councillor Roger Lapworth claimed the smallest amount with $75. In her report to council, Horlor said each councillor has $3,700, which they can use at their discretion for community outreach and professional development. "single versus someone with a family that could create a differential," said Lynn Horlor, deputy treasurer for the Town of Oakville. "Also, as you get older, you Theft of tires/rims INCORPORATION SERVICES If You Earn In Excess Of $20,000 Per Year And Are Not Incorporated, leads to arrests You Are Paying Too Much Income Tax. CALL THE INCORPORATORSTM NOW FOR A FREE CONSULTATION AT 905-469-8777 THE FOLLOWING TABLE SHOWS JUST HOW MUCH MONEY YOU CAN SAVE THROUGH INCORPORATION.... BUSINESS OWNERS Despite one councillor going slightly higher than $3,700, overall that budget provision was underspent. "This would cover conferences like when some of them go to the AMO (AssociationofMunicipalities of Ontario) conference or the FCM (Federation of Canadian Municipalities) conference," said Horlor. "Some of them do a Meet the Councillor Day, Sunday in the Park, that kind of thing. Anything like that gets charged to the $3,700." In 2007, Burton's salary and benefits stood at $111,400 while most councillors received a little over $50,300 each. Net Income 20,000 40,000 60,000 80,000 100,000 120,000 140,000 Personal Income Tax 3,277 9,319 16,095 22,712 31,117 39,799 48,750 Corporate Income Tax 3,100 6,200 9,300 12,400 15,500 18,600 21,700 Income Tax Savings 177 3,119 6,795 10,312 15,617 21,199 27,050 ....AND THIS IS BEFORE WE ENSURE THAT YOU HAVE CLAIMED EVERY POSSIBLE DEDUCTION THAT IS AVAILABLE TO YOU. WOULDN'T YOU LIKE TO KNOW THAT YOU ARE PAYING THE MINIMUM AMOUNT OF INCOME TAX POSSIBLE? CALL THE INCORPORATORSTM NOW FOR A FREE CONSULTATION AT 905-469-8777 TAX PREPARATION SERVICES Wouldn't You Like To Know That You Are Paying The Minimum Amount Of Income Tax Possible? The Tax Advisory Will Prepare A Corporate And Personal Income Tax Plan For You That Will Help You Attain This Goal. Two Ohsweken residents are facing multiple charges in connection with the theft of tires and rims from a vehicle in Oakville on Feb. 21. Halton police said around 5 a.m., uniformed officers were called to Budd's Chevrolet Motors, at 410 South Service Rd. W. When officers arrived, they spotted a car without tires or rims and another suspicious vehicle. Police said they had received a complaint the previous evening about the theft of tires and rims in which a similar suspect vehicle was observed. Police said the officers approached the two suspects in the vehicle who attempted to flee on foot. A brief foot chase ensued and ended in two arrests. The investigation has been turned over to detectives in Oakville. June General, 18, of Ohsweken, faces a charge of theft over $5,000, mischief under $5,000, possession of stolen property (two counts), possession of burglary tools and breach of recognizance. Joshua Beaver, 23, of Ohsweken faces a charge of theft over $5,000, mischief under $5,000, possession of stolen property (two counts), possession of burglary tools and driving while disqualified. Although Halton police released both parties on a promise to appear in court, Brant OPP subsequently arrested General and Beaver on outstanding warrants. ANNOUNCEMENT CALL THE TAX ADVISORY NOW FOR A FREE ASSESSMENT OF YOUR CORPORATE AND PERSONAL INCOME TAX PLANNING SITUATION AT 905-469-8777 Why Should I Have The Tax Advisory Prepare My Business And Personal Income Tax Returns? · We have been preparing corporate and personal income tax returns for over thirty years. · We can help you achieve a 15.5% income tax rate on your combined business and personal income. · We will ensure that you pay only those income taxes you absolutely have to pay. · We will ensure that you take advantage of every deduction available to you. · Once per year, we will prepare for you, an income tax plan specifically designed to your business and personal circumstances. · Our rates are one-third to one-half that of our competition. 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