Ontario Community Newspapers

Barrie Examiner, 23 Oct 1968, p. 15

The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

mam ParliamentNextioii arrows co mam Minister Benson said luesday nizht after presenting his new budget to Parliament that no Wuprlparld to soak the no with his new toopercent social deeropment tax But be added at news conV future that he put mo limit on what each taxpayervwnuld because that has been the limit on Similar taxes in use past Mr Benson laughed and inked with reporters about some as pects of his first budget lie saidseriously though that the estimates hc the Corn mons on prospective expendn lures and revenues are based on the besterpert estimates he oould get He is lcrecastrng an $3 000000 increase ncrt liscal year in federal rcvcnues While this is the largest increase on reelt Revise System mil does notrnu molars est tax hike he oi the amount 970000000 represents an acceleration in corporate in can come tax payments LIMIT QUBTWNED lie was asked what considera tions went liuo the decision to put asmilmlt on an individ uslspayinent ol the new sods development to Why did he not soak the rich by putting the limit at no or hlnien Thatsokw by me hit BensouSIid Hut 8120 is the figure that has prevailed insirn liar taxes in the post it started at $60 when the old age security In as first introduced and thats now $740 litr Benson said there mlt he motor tax relorm measure he loro Parliament next laii to take effect in Will wanted to do as much as could do not without getting tarreform f1 lie said the 3m and similar as on individual tax pay ments probably wouldhe part $th0 tax rclorm considers DONNLGWE ORDERS Among othersuhjects touched on in the news conlerence He is not going to try to tell the provinces bow to run their own budgeting but as citizen ha his right tocnnslda how the might do things dtller en haxvrdorrn and negotiat ing new taxvsharlng agreements with the provinces the ledch government has arlght to dt ride what taxes it Is willing to than with the provinces and what ones it will not lhn current fiscalyear dell clt now estimated at $675 000000 is not likely to oversti mulaie the economy in view at For Leyyingr the dangersol high unemploy meat continuing throngirdhe coming winter months alts not possinle to say now Duties 0n Impodéd Chemicals lithium tacit OliAWA tCPi revised arson ol levylng duties on im perial chemicals is part of widerange housekeeping 10h ml Cams tariits presented Tow flay night in the budget Dhange hirehmiiuals hav€ the effect of dropping the rate again some moons and win ing out the statutory imccnlry mtcgory or some Cotonou wealthuproiercnce items However provision tor lower rig duties by government mgu tion is expectedlo leave most British and Commonwealth chemicals with margin or prelerexice The revision of tarifls 60m tained in mpagc book of new rates rcsuits largciy lmrn tradeahecing agreements reached in May no at the Kennedyliounu nl talks under the General Amerhem on Tare ilkand Tradenamed lor the late US president Finance Minister Benson also asked tor enactment of changes in antsdumping rules as agreed with 11 partners anddus to be ednblished by next undere the agrednent time because we have drivel oped to the stage where there is no longer any usual time lor budgets in sclritudeeei Before SpeeCh UilAWA CPi Finance lttini ter Edgar Benson spent mos of Tuesday clonein his ol lice belore entering the Corn inoiu at up EDT furliis budget speech the first at the Trudeau administration From his arrival at about 930 am until going to the Commons lor his spoech Mr Benson didnt stir from his Pati tinment lilil suite lie ate all three meals there and aside lrnm lils own stall and lamliy saw noyisitnrs dur ing the Analdo said the chartered ac countant from Kingston 0nt took much ot his time overhis speech Mr Benson stopped or haircuton his way iothe otnce mosday mornlngi Once behind his dcsir he had no instant breaklast consisting oi va nillarlnvored powder in milk and lrledegg sandwich it was sandwiches again or lunch and support His wile Marie Louise came dmm lrom Kingston to join him for the late meat in his office liisthree sons also arrived in the capital to watch Mr Benson make his speech Tax Hiker FollOwsi Policy wset Out Almost Year Ago OTTAWA GP The tax in creases in the federal budget came after plenty oi warning Former finanoo minister Mitchell Sharp laid down the government financial line ailt year ago saying the government would have to trim its spending arrest its borrow ing and pay tor new programs out of new taxes Prime Mi ister Trudeau be fore becoirung Iabenal leader andrduring the election com paign said that in the final analysis the taxpayers have to loot thehitl tor government pro grams And hanking back to the kisses bummed by and on the minister during the cam N530 Crediuste Leader Real Caouette said Tuesday night dWere goihg to have to pay tor slithesekisseslromnowo dustedfsnows where the in mi ons ol dollars 196m 196m $10780 $11670 10105 675 w5 How dollar at tnxrrevenue will be spent under the 1mm udget General government ervices 38 cents Foreign allnirs 21 Defence 162 intergovernmental payments 76 Economic measures 23 ocislvmeasuresflti ducation culture and recre aien Public debtvcharges Unailocated spending Where thermos budget or come irom Pers uni lncom tax 320 inext Jan 11675 Pi nae Ministcr Benoit 11001 has put the earlier warnings and mentions into tennis ol doi iars laXm will be increased 000000 in the balance of this fiscal year whiih runs to next March 3t and sitts 000000 indie next fiscal yon The latter ligure is the big gen increase in federal taxing in any single year including the years of the Second World War Mr Benson contends how ever it is not all new and tional taxes Some $330000000 of it represents speedodirp pay ment or wripcration omits taxis withouta change in the hate of company taxes Out of the total inuease $440000000 comes next year in the twmperoeni special tax on tambleirwne uptaalirnit $110 for each tamer starting each cent and where it will be Corporation income tax 200 Salestax ta Excise duties and tallesfn Custonispduties7 other taxes34 Non ayrevenu hthYnESPY KARISEUHE Ari Elle migrant microelectronics was err on suspicion of swing in West Germanys nuclear re search centre the federal attor nays office said hlasdnyt Coti timning recent about the espionagog case spokesman said Harald Gntulnled 33 who entered West Germany kom EDS Getiintaiiy in 1955 was ar rested Sept at on gaining1 kedr fl my Kimono who ADS PHONE mom Mr Benson called this so cial development tax but the fundsgo into the general reve nues ul thegovernmeni tor any usenotnecessarily for social development alone economic thought on govern merit financing aalladvcyclical budgeting The idea is that when times arc good taxes can be rauwd and spending cut to dampen down an overheated amnomy when times are bad inn larinto on can urbiedtiof qrrswsicpr Execute Child Deduction 15 Removed on foreign Service WAWA iCP Federal employees minding servicemen who on posted outside Canada no longer will be able to deduct $550 or their children when nu ing out the mousllncome tax lorni Because nichlumllles dont get tamily allowance cheques the deduction lor each child has been $500 rather than $300 llouever such lamiliesaiso receive special allowances to compensatslor not getting the lsrnllyailowancc About 15000 servicemen are posted abroad although many do not have their lamilies with them or an unmarried going Qet lax cham exempting allamounts IoMo noviringpwoeaod settiiu $10000 mutation lor ad did while ama rat by lunches pm to 0d unenm of gin tax to owiy mum rate itieduleddo Cumulative total at luture tilts neon hoboden hiflaani and Wet Dec 1Cmuonlcs 60 tolerate tax 1mm by two months darting with outwards whose taxation year beginsin Deéunber no lNw social develop meat tax at two per MM personal taxable inane with maximum of $120 year Jan tGirpouate income taxes to heenended to lifeln wrance 611 Ma Jan thlodical focuses la income tax nuposcs to cr ciade amounts paid on tax payers beta by provincial medical imronee plan MARRIED man with diiidren earning 83000 wfll pay another $46 year Itrtnainn This oompoiosnvith ml he paid in 1969 Figures include provincial taxes in all prov incs but Quidm Manitoba and Saskatchewan but do not include oid agesecurity tax Mr Bensons budget added two per mt social netcap lnenl lax on taxable hm PURCHASE taxes are cut and spending is inueased boenoounage more gt economic activity Some political cynic niileran other interpretation of cyclical budgeting It is to raise taxes right after general election so that they can be lowered in before titgnext election and en tice voter support yel ending Manda or i960 national government will get spent during the 106869 fiscal Dwnnmie and social spending will take hmmtiau of each dollar expenditune utilio slightly more than half of eadi dollar will come directly am personal and corporation in CP Alumna counsas iionMENawomzu Men and women 1784 who have completed Gr 12 to train for short per iod lar positions with Com mercial Airlines Passenger agents come municatiooist op erations agent hostesses stntion agent ticketagent etc Airlines ottergood start ing salary security lree traveipasses andmany em luyment benefits pre lirninary training need not interior with present am ployment our represent ative will be in Barrie loo personal interview Replyloltox lwllh name and tel No Atlantic senior Airlinesflralning Schdol FASHION FABRICS REG 895 yo and 100 POLYESTER farce111050174311113115 Iva Hallil6 Fabulous savingsLtin fabulous fabrics that simply shrug oit wrinkles Your nimble lingers will rapidly transform these unwrinkabla and unshiinkable fabrics into exciting new Fall and Winter 68 fashions suits dresses skirts and sportswear for instance No lining required Choose from variety of novelty patterns andsclids Falldaiks and holiday pastels 60widihs 221 at SPECIALLPURciinsi aig only beautiful checks tailored suits and spoiliwsa bonded suiting 1th twill retain its shape ideal for pahtsuits Biuawhite white vy whiterose whitebrown 58 width

Powered by / Alimenté par VITA Toolkit
Privacy Policy