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Assessment officer says ility 732 Bruce Fraser is the assessment officer for Simcoe County which Includes about 35 municipalities He says that property tax is easier to understand than first meets the eye Examiner photo by Dennis Lanthier In business world Thomson magnate despite exterior TORONTO CP The man seeking to add Hudsons Bay 70 to his empire belies the iin age of powerful business mag nate Kenneth Roy Thomson the second Lord Thomson ol Fleet would rather be called Ken and he professes greater love loi fine objects of art titan for cor porate or courtly fritis He wields heavy stick in the business world and Used it Thursday to rattle Bay Street with his surprise $11652million bid for control of Hudsons Bay The heir to the title and busi ness empire of his late father selfmade multimillionaire Roy Thomson the younger Thom sons executive titles appear endless His boardroom seats include those of chairman and president of Thomson Newspapers Ltd the family enterprises parent tirin for Canada president Thomson Newspapers liic its United States operation and president of Thomson Organization Ltd its Britishbased net of com panies The overall enterprise spans dozen countries and includes newspapers broadcasting magazines books oil rawl and assorted other act ivities Ken Thomson is quiet 537 yearold who lived most of his life in the shadow of his more gregarious father While his fair ther amassed fortune collec ting newspapers Thomson seemed content acquiring art and quietly overseeing the em pire he inherited Ive had to force myself little to be extrovertcd Tlioin son said in recent interview be happy to be unnoticed My father was very powerful almost held liiiii in awe INIIICRIIIGDIIIIJZ His father who started with small radio station in North Bay Ont during the Depres sioii died in I970 and the son inherited the title Lord lhomr son of Fleet and seat in the British House of Lords After serving with the ana than air force during the Second World War Ken Thomson at tended Cambridge Iniversity for two years At the age of 24 he woikml as reporter for Timinins iit Daily Press his fathers first newspaper Later he woiked in the advertising department of the Halt now Cambridge ni Evening Reporter and was general manager there from 1950 until ltfii trim returning to the ihoiir on titad oit ice in Toronto Hy DENle LANTIIIER The Examiner It may seem difficult at times but property tax is sim pie in principle says Bruce Fraser Simcoe County assess ment Commissioner Property tax is based on the ability of person to pay in relation to what he has says Fraser The entire process begins with the assessment depart ment ASSESSES YEARLY The department assesses each home every year says Fraser The assessment is bas ed on the size of the house its location and its features says Fraser The value of house can vary from year to year depending on the additions made on the house during that time he says The value is based on the 1971 assessment Fraser says The values have been frozen since 1970 when the provincial government took over the assessment market he says At the time there was large variation in assessments across the province because municipalities were assessing themselves says Fraser When assessments are made now they are sent to the Salesman says subdivisions places to be Subdivisions are the only place to go for prospective home buyers says Bob ietch salesman at Oakridge homes in Sunnidale Village Petch is working at the newest subdivision in Barrie 61 unit parcel being undertaken by Duo Developments Ltd He says nothing is hap pening anymore which isnt subdivision Subdivisions which may start out as separate entity usually blend in to become part of the community says Petch lie cites as an example series of eight different subdivi smns in Allandale which have now blended into the Barrie community The trend nowadays is to more affordable housing letch says business notes SYNLIN IllI IIONOIthI NEW YORK Syn crude aiiada Ltd Edmonton has been named winner of the New leiijctives Awards for ltiTH for its development of the thibasca oil sands The awards to made annually by the public accounting firm of louclie ltoss and bone companies institutions and iiidiyiduals tot their con tributions toward helping solve someof mankinds problems OIKNSOITIJII MISSISSAIGA int itli Noeana Ltd has announced that subsidiary Grandma Lees international Holdings Ltd will formally open its 75th North American outlet in lliiiidas Ont on Nov Eleven of the stores combine bakeries with the fastfood restaurants SHARES LISIICD ltllttNlt itli Itedec inable Series preferred shares if Globe Itealty Ltd VlltlllYVOVIIlttl subsidiary of ltoyal Bank of anada have been listed on the Toronto and Montreal stock exchanges The Itoyal has the right for five years to acquire the cumulative shares in exchange for similar preferred shares of the bank The reason is simple In 10 years the cost of housing has almost doubled because of the rising land and construction prices As result smaller houses on smaller lots is the new trend However there is more to it then just building more af fordable housing he says The houses have to look good they have to have good exterior features says Petch In general there seems to be mix with people who buy houses in subdivisions he says We get young married couples couples with one or two kids or elderly people he More older people are selling their homes which are now sell ing for 570000 and can move in to $30000 home he says Most subdivisions are in large areas with lot of homes Sunnidale village in comparison is very very smallsaysPetch Sunnidale Village has been open three weeks Of the 61 units 25 are already sold It offers change that is dif ferent then most other subdivi sion operations in Ontario he says Its called custom housing People have the luxury of picking out the style of home they want and can pick out the lot they want it on in most systems the types of homes on sites have already been selected by the developer says Petch There are six different types of houses housed at Sunnidalc It includes two types of the two storey variety with two bedrooms two split bungalows and another two storey variety with the optional three bedrooms Because of the custom hous ing the six variety of houses are avwilable right until the last house is sold If houses were arranged according to lots number of houses are eliminated near the end of the sale he says The houses range in price from $41700 to $42390 Construction of houses will start in about three weeks he says The earliest available oc cupancy date at the village is July 12 IL Port Perry Ont lawyer Paul Fletcher second left was Businessmens Committee of Barrie dinner Tues Guest of Christian businessmen guest speaker at the Christian right Examiner Photo day Flanking the guest speaker is CBMC chair man Mel Fligg left and Newmarket members George Snider right and Mim McClure far municipalities City Councils to establish taxation levels The municipal figure known as the mill rate is based on needs for the coming year says Fraser The mill rate is 10 cent tax on each dollar If person has $45000 home the average in Barrie the bonse assessment is about $2200 says Fraser The mill rate in Barrie last year was 3064 for houses and 3506 for commercial establishments RATE TO INCREASE Gerry Tamblyn city ad ministrator says he believes the mill rate will increase in 1979 The city has held mill rate in cresaes to two per cent in the last two years says Tamblyn It will be up to council to decide whether it wants to go ay determines taxes ahead with some of the capital projects the administrator says dont know how long we can keep delaying some of the projects The entire assessment pro cess begins in December when assessments are mailed to pro perty owners in the city Residents have 35 days to ap peal before the rolls are sent to the municipality he says Once the assessments are the oxomlnor Frldoy Mar 10 1m 13 serif to municipalities you can only challenge them through the courts says Fraser About one of 10 objections is legitimate Fraser says if errors are made in assess ment rolls the department can only alter the assessment for the following year he says preliminary budget will be presented to Barrie council within two weeks says Tamblyn Msisense Hy RALPH ALEXANDER DcarSir am 85 years old and planning on retiring soon and intend to move to Florida have some 835000 in Registered Sav ings plan Should cancel this plan before leaving Canada or would receive more favourable tax treatment by cashing in the plan later SL DearS Whatever you do dont cancel your plan before leaving Canada If you cancel it in Canada all the proceeds will be taxable to you as income at your marginal tax rate in Canada Perhaps half your money could go in income tax Once you move to the United States your tax treatment change substantially and also gets more complicated If you cancel your RRSP plan after establishin US residence only 15 per cent witholding tax will be ucted in Canada by the financial institution managing your plan As the proceeds of your RRSP were built up from tax deductible dollars and the interest has been accumulating on tax sheltered basis this is quite tax break As the US does not recognize the RESP plan as special situation you would only be liable for tax in the US on interest earn ed on the plan while US resident prior to surrender of the plan As it may take you some time to establish US residen cy this could amount to several thousand dollars of taxable income but you are still much better off than if the full 335000 was subject to tax in Canada One other option you might consider is to mature your plan in the form of lifetime annuity income Under the pre Option Cancel in Canada $5000 Cancelin US Lifetime Annuity Income Nil of $4450 annually Principal $20000 Annuity Income lrincipal $35000 th 00 Hy DOUGLAS GREENWOOD It may sound incredible but if the following books are read by everybody in the free world it would not be long before things began to get much better and freer without the uotes In ormation about whats really going on behind secret curtain of international treason would so arouse the hearts and minds of all peoples to mutiny and rage that their votes would become flashing scythe of retribution against highplaced subversion Wow That sounds pretty dramatic doesnt it Well it is All right let me say it another way the following books will blow your mind Theyre not banned just suppressed that is to say ig nored by most revieweis Establishment media and distributors Any one of the books would mean death or worse for the author in Russia and the readers HOW TO GET THEM Ill tell you how to get them later Here they are World Revolution and Secret Societies and Subversive Movements by Nesta Webster whose family started Barclays Bank in England The famous historian traces the history and origins of many secret orders from their beginnings to the deadly in fluence of some of them on modern events For one little thing alone youll find out what hypocritical cheating gut tersnipe Karl Marx really was Those are my words not Mrs Websters But what she writes in the measured tones of an objective historian come down to the same thing as my vituperation myself believe in giving vituperation where vituperation is due Fabian Freeway by Rose Martin This is detailed ac curate and alarming report on the Fabian Socialist Society of England and its inroads into modern political life Under the guise of harmless reform movement the Fabians have become powerful force for American and Canadian lil deed world dictatorship under the banner of socialism HOW SOVIETS AIDED National Suicide Military Aid To The Soviet Union by Prof Antony Sutton This astounding book is packed with the documented facts of how international finance has aided the Soviet Union right from the start with money materials and military equipment including modern technology The Naked Capitalist by Dr leon Skousen revue and commentary on Dr Quigleys 1348page book tragedy and Hope which identifies and explains why some of the richest people in the world support Communism and Socialism None Dare Call it Conspiracy by Gary Allen This sensa tional best seller lays bare the secret operators behind the world revolution that is now going on yes it is youd better believe This book which was first published in 1972 and has sold over five million copies gives the names and produces the charts showing the support and direction given by cer tain individuals and financial groups the super rich who conspire to bring about the downfall of the free world But not their own mighty seats of lordly privilege of course If you think all that sounds like the plot of melodramatic pu novel all the more reason you should read it think how youll feel when you find out its the real thing baby The New Unhappy Lords by Chesterton Historic events of the last six decades are recalled to show the havoc and upheavel caused by the retreat of the West from its far flung outposts of civilized rationality and decency around the world EVIDENCE PRODUCED Proofs Of Conspiracy by John Robison First published Canadian Taxable Income 15 percent Withholding tax Cancel savings plans from States not here sent SCanada tax treaty no withholding tax would apply in Canada In the United States the annuity would be taxed in the same way as an ordinary after tax annuity income In that case portion of the annuity income is considered to be return of principal and therefore tax exempt The balance of the income is considered to be interest and is taxable In calculating the capital portion of your annuity income quirk appears in the US tax law as many quirks there be If your RRSP plan was built up with life insurance company and you take your annuity from that particular company the original capital will be your actual contribu tions without interest If you have been contributing for some years after deducting the interest your principal might be 520000 or less This amount is divided by your life expectancy in years 15 to calculate the annual exempt por tion of the income If your RRSP was accumulated with another financial institution or different insurance company than the one providing your life annuity the principal will be calculated as the accumulated value of your plan 535000 thus examp ting your accumulated interest to date from taxation At present annuity rates 335000 would provide an annual in come of $4450 The following comparision should make your options more clear Your total anticipated income while US resident will indicate whether cancellation or an annuity income is your preferred choice Mr Alexander is local financial consultant US Taxable Income Nil Interest prior to cancellation assume year at 10 per cent taxable $3500 $1333 exempt $3117 taxable annually $2333 exempt $2117 taxable annually improvement would follow if books read by everyone in 1779 this great work is an expose at first hand of the II luminati now the International Illuminati headquartered in the Council of Foreign Relations of New York evidence shows Taxexempt Foundations Their linpact On The World published by The Freeman Digest and Foundations Their Power And Influence by Rene Wormser definitive indepth study f0 foundations Ford Carnegie Rockefeller was made during US Congressional investigations of these taxfree organizations directive from the White House for example was reported as telling the Ford Foundation that it must work so as to to lower the standards of life in the US that it can be comfortably merg ed with that of the Soviet Union kid you not These books pack such punch that you will have feeling after youve read them something akin to what should think secret agent would feel if he suddenly realized all his fellow agents were working for the enemy MOST IMPORTANT BOOK Pawns In The Game by Comdr Guy Carr Perhaps the most important book by this crusading Canadian author who gives panoramic view of the world plotters in action The Invisible Government by Dan Smoot The activist arm of the covert International Illuminati is considered to be the Council on Foreign Relations headquartered in New York from whos ranks virtually all the top members of the US State Department are selected Having this book is something akin to possessing complete except for the really secret members rostrum of the World Government conspiracy Soemthing like having the membership lists of enemy agents would be Books such as this can still be published and openly distributed is still heartwarming tribute to the freedom we still enjoy in the West Look its not me thats crazy its whats going down thats insane Im just reporting it The Fearful Master Second Look At The United Na tions by Edward Griffin Criticizing the UN must seem something like blasphemy to most persons After youve read this book youll be scared stiff You might bear in mind though that its an admitted fact that the UN is cover for the greatest concentration of Soviet KGB agents anywhere outside of Russia Strategy of Survival by Brian Crozicr Just published The free West is at war but doesnt realize it Crozier shows The Third World War is being fought without guns by Russia It is being lost by the West We can win it but not unless we adopt the strate for survival the author outlines There are hun reds more books liek these but any one of these will do to begin with Your eyes will pop and your mind will be blown like never before when youve read them You can get all or most of them from Canadian In telligence Services Ilesherton Ont Emessary Publica tions PO Box 642 South Pasadena Cal USA Western Islands Belmont Mass LaissezFaire Books 206 Mercer Street New York NY 10012 Write for their catalogues As you can see there arent many sources for books such as these You certainly wont see them on your drugstore paperback racks But you can always try ordering them from any local bookstore The only trouble is seconda distributors may neither stock nor fill orders for most subli books remember Bilingual Today French Tomorrow You might even be told theyre out of print Dont believe theyre still available but its knowing where to get em Anyway happy reading night or should say scary mares