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I Wfc -A- ft iV3 i KB- rV fromyof rfr Lift Art approach ItftUyboptto or baa lhat upon death oil of of V Under the country the proceeds would end your payaDie to another of your family a friend or to the extent toaidUW payable to OUT A Hon not apply If you poUcy or surrender it to the time against in 000 the insurance company to policy the tax man would say you mat pay tax on any above your the policy cy of the deduction is is realised that vir- policy of taken will at normal life a taxable gain in excess of amount of life insurance household in Canada is now which if taken out as by a male age would current dividend scales result in a gain of on death at year u inflation increases the exemption will prove to be more and it is unfortunate when there are serious to find more con- taxation of policy proceeds bringing uncerUInty in future rather than mind to making some of the basic t are needed to get our economy ant level This experiment the admits will not yield much in tax is They say it is just a question of equity governmental intervention however adds confuting note to a relatively secure aspect of Such added confusion is the last need have received of letters tuents who have voiced their concern to this unfortunate tax proposal Iter will come up again when Parliament hope in the meantime if you have you will write tome In addition I you take the matter up with your In- nee agent with respect to your own to program Seek his advice as to what may be on your personal situation tax be levied Some idea of the effect of the tax la shown in following table where a whole life policy with bonus additlorii la the policy was issued on and an annual premium of we find Im TO 25000 death benefit 6725 turns paid 17113 gains exemption ioooo amount 4446 trtar a per per Per cent cent cent cent NEWMARKET The Progress Club is to hold a United Way aThon through Newmarket and Rich mond Hill to raise money for the agency and to get the feel of Newmarket Progress Club president Chuck Doyle said the club intends to set up a Newmarket branch and hopes trie will gain recognition in town Hie la scheduled for Oct and will have two factions one beginning at the Upper Canada Mali in Newmarket and the other beginning at Hillcrest Mall simultaneously Both walks pun to finish in the local Mc Donalds restaurant Expected goal is about The fundi will be donated to the United Way to help reach ta fund drive So the Progress Club hits two birds with the single proverbial atoms Support has been given to the project from SO per cent of the regions Walk the United Way is to be an annual event and a trophy will be awarded to the school donating the most pledges Other prises may be won including Mc Donalds vouchers tickets to Maple Leaf Plan hockey mm for Sept 21 RICHMOND HILli The United Way will receive a share of the proceeds from a hockey game between the CFGM and the Richmond Hill Rains The benefit la scheduled to take place Wed Sept 21 at at the Richmond Hill arena Tickets are available in Newmarket at Canadian lire Stores and Charles E Boyd Real Estate and in Aurora and Oak Ridges Hall Pharmacy cost 9B cents Games and Canada Savings Bonds The Progress Club anticipates Oct 2 will be day of regional par ticipation in the United Way drive jB Cidlllact BuicKt And this week we the little I as This Weeks Special Astra 2 Door Economy auto trans suit radio bumper mil warranty on anglne R Nov Only Priced to sell i 1 M1NS mm We ore open to the public Week e pm Saturdays em to pm end will not be undersold NEWMARKET ST NEWMARKET ONTARIO TORONTO of Or j ml a I In mis in Is i hi hi it in I Kipli i iliscts If illi s ill M It Hill ill III Ill II Ms I it II in in i who mi I In Iron i drills l iir now i or win i mi ii tdsjhUd 1 work Us art- ltsi z fit r hi si- drills S v l a can be seen a policy that would have been taxable before the now have 11 per cent to per cent of tlh benefit Usable That is at least government point The Light Touch j 20 to help A W ftatU SOyearold John Cop- kin fax coat driving him last March had been Involved Afy THE SIGN OF GOOD BUSINESS NEIGHBOR v THE SIGN OF A MERCHANT WHO CARES ABOUT This emblem buslnisimen who sponsor suites In community Foe calls r By ELOPE PEACOCK oiii ill HIM il I j 411 I ifs liiiik is 1 I j pruhUniiln pi dr 111 in h Km suh in a problem is I wv III Id IXscH 1 I ltlllKis ill I iilUvltil droned uul m lining mis dopilals n niu I idoill ii- us ifjs I I ilirm 1 mi iiistdtdi i- ja 1 In the Is a looking In a rnarktt make a hole In on youre along on golf count someday Friend of when ha found a box corn piasters ha rushed out to buy a pair light shoes Youre old to learn which Is as good an excuse as any for putting Wouldnt It he Ifeverygnes memory stayed as sharp as that of the child whos been promised a Iroal promise to treat you best personalized youve over had at the DAVIS DR I ti ink t luui 1 I f 1 i I ins 1 pro die in lhr lis i dnul now NAMEi I like to a the Annuls CITV POSTAI COOR 1 v Vi i L V if