Grey Highlands Newspapers

Flesherton Advance, 9 Sep 1942, p. 4

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

.Wednesday, September 9, 1942 THE KLESHERTON ADVANCE fHfc FLESHERHIN ADVANCE . ubIUhed on Collinfwood .- .1 -nrrton, Wednesday at each #ttuk. Circulation over 1,000. Price in Canada J2.00 pr year, wbun paid in advance $1.60; in U. S. A |2.50 per vear, trbn pi. ui in advance $2.00. V. J TMURSTON. Editor. SALLY EXPLAINS Beloved friend of the soldier of the first great war and untiring? social worker for the past sixty years, th Salvation Army is the Tic- tim of a misunderstanding which must be explained to tke people of Canada. "Sally," as the Army was o affectionately called by the fight- ing men of 1914-18, is in oed oi funds to carry on her valued social work on the home front and is mak- ing a Canada-wide appeal this month with the full approval of the gov- ernment at Ottawa. During the recent Red Cross drive the point tresacd most was that it would be the only drive for funds during 1942, since the Dominion government was financing the war work of all other organizations, such as the Y.M.C.A., Canadian Legion, Knights of Columbus and The Salva- ation Army. While the statement was made in all sincerity at that time, it was nbt realized that it failed to take into account the valu- able work that is being done by the Salvationists among our civilian population. When the fact was pointed out to government officials they quickly recognized their error and granted permission for a nation-wide appeal, but the damage had already been done and The Salvation Army IF faced with the task of correcting the misunderstanding in the minds of most Canadians. The amount to be asked for will, of course, be much smaller in pro- portion to the sum required by the Red Cross, but the need is great nd the record of The Salvation Army in all branches of social service hows them deserving of the fullest support. Canadians no doubt will under- stand the position of our "S:i!'y ' and make her task easier with n fine spirit of generosity when the appeal i mde this montli. "As y sow, 10 5ha11 ye reap," and if The Salvation Army receives the wholehearted support that it pives our men in the ighting' forces, its modest request fr funds will be far exceeded. CFNTRE LINE PR1CEVILLE Mrs. Harry Pedlar and boys re- turned to Toronto with her husband on Sunday, after holidaying here. Mr. David Hincks left Saturday to visit his sister, Mrs. Dan McKinnon, at Invermay, Sask. Mr. and Mrs. Donald Carson and Stuart Carson, Toronto, spent the week end at their parental home. Mr. and Mrs. Henry Tucker and family visited last week with friends at Bruce. Visitors last week at the home of A. L. flincks were: Mr. and Mrs. W. J. Hay and Marie, Mrs. Angus Mc- Cannell, Mrs. Sara Mills, Mr. and Mrs. Stanley Harrison and family, Mr. and Mrs. John Calder and Larry, all of Holstein and Mr. and Mrs. Alf. Hincks and Marilyn of Toronto. Mr. John McLachlan returned home slightly improved. We are sorry to report Mrs. Wm. McLeod, South Line, very ill, with Nurse Smith of Feversham in at tendance. Mr. and Mrs. Earl Mc- Leod of Oshawa visited her over the week end. The latter remained for a time. Eric Hincks returned home Sun- lay after spending a few days at Swinton Park. Pte. Archie Sturrock of Nova Scotia is home on furlough. Mr. and Mrs. Rumball and babe are spending this week in Toronto. Shirley Hincks returned home, after spending two weeks with friends at Swinton Park and Holstein. Mis Winoifred Wright returned home after spending three weeks' holidays with friends at Shelburne. PORTLAW SEND IN YOUR RENEWAL. RADIO SERVICE We have in stock a Number of -H" Batteries and Radio Packs. CAR AND RADIO WET BATTERIES Bring UB your radio for a com- plete c'Vok-iip before wint e r, as parts are hard to get. PROTON STATION Phone 44r6 Dundalk. Mr. and Mrs. S. Fisher and daugh- t -!-, Lillian, and husband, also Harry Fisher of Toronto visited with Mr. and Mrs. Roy Lyons over the holiday Mr. and Mrs. Fred LeGard and Hilliard of Toronto spent Friday with Mr. and Mrs. C. D. Meldrum. Mr. and Mrs. Lewis Pedlar of Flesherton spent Sunday with Mr. and Mrs. Harry Fisher. Recent visitors with Mr. and Mrs. A. Blackburn were: Mr. Frank Chard of Kimberley, Miss Velma Fryer of Toronto, Mr. Austin McKe of rr.-imilti.ii and O.S. Geo. Noble of Toronto. Mr. Geo. Boyce of Toronto was a visitor with his parepvts, Mr. and Mrs. J. J. Boyce. Mr. and MM. R. Patton of Toron- to and Mr. and Mrs. E. Ferris and son of Victoria Corners visited Mr. and Mrs. S. Patteiu Mr and Mrs. Jas. Pedler spent Sunday with Mrs. Pedlar, Flesherton Jams keep much better wher children are not in the house. CEYLON BJrs. Thoa. Brady of Toronto visit- ed her sister, Mrs. J. W. MeMullen. Mrs. Bella Thibaudeau, Gordo-* and Edna, Mr. and Mrs. Ken Stew art and Mr. Alex. McDonald of To- ronto visited Mr. and Mrs. John Stewart last week. Mrs. J. F. Collinson commenced teaching in Irish Lake school the first of the week. It is 27 years since Mrs. Collinson last taught school. Mr. and Mrs. Jas. Halea and son, Jade, of Brighton and Mr. Fred Me Mullen of Toronto have returned t* their homes after spending a week with their father, Jas. L. McMnlkn, west backline. Mr. and Mrs. Fred LeGard, Bill- iard, Shirley LeGard, Miss Elsie Thompson, Stella Pedlar, Elsie Fisher Dick Pedlar, all of Toronto, Mr. amd Mrs. Fred Plantt and aons ol Port- law and Mr. Geo. Hazard of Dun- troon were visitors with Mr. and Mrs. Geo. Fisher. An official of the Salvage Cam> paign says that comparatively few things are utterly useless. And eves these can be used as bridge prizes. READ THE "SMALT, ADVTS" BAILEY'S MEAT MARKET Fresh AND Cured Meats PHONB 47 We save you money (Intended for Last Week) Mrs. Cyril Beard, Sheila and Ron- nie, have returned to Toronto after a two weeks' holiday with Mrs. Beard's father, Mr. Sam Arnott. Mr. Mac Cudmore and Hartley Arnott were home from Welland over the week end. Mrs. Wm. Davison is spending a few days in Toronto. Mr. Robt. Osborne is at Eugenia this week building the stone work for Mr. Calvin Boyce's new stable. Mrs. Kelly of Toronto is visiting with Mr. and Mrs. W. H. Little. Margaret and Kenny, who have spent the past two months with their uncle and aunt here, are returning to Toronto on Wednesday. Mr. and Mrs.' W. H. Little, Stanley and Gertrude, Mrs, Kolly, Margaret ami Kenny spent Sunday with Mr. and Mrs. Edwin Little, Meaford. Mr. Stanley Gaudin visited a day recently with his uncle and aunt, Mr. and Mrs. W. H. Little. Future Events OPTICAL Eyes tested and glasses supplied. Can replace any broken lena no mat- ter where you bought them. I will be at the Munshaw House next Tu"- day, Sept. 15, from 1.30 to 4.30 p.m. If unable to come will be pleased to visit your home. If so, please advise early. D. Campbell, Optometrist. AUCTION SALE An auction sale of the farm stock, implements, etc., of the Estate of the Late Wm. J. Blackburn will be held on Lot 178, Con. 2 S.W., Artemesia, on Thursday, Sept. 24th, at 1 p.m. Go. E Duncan*, auctionaer. "CRYSTAL GARDENS" "Crystal Gardens," Dundalk, pre- ento the Serenades for dancing on Friday, Sept. llth and 18tih. Willis Tipping on Monday, Sept. 21st and 28th. Damon t'B orchestra for Olde Tyrnie and modern dancing every Saturday night. THE NEW INCOME TAX PART I - As it Affects SALARY AND WAGE EARNERS 1. Question: WHO MUST PAY? Ansurr: All persons in receipt of incomes over $660 single or $1200 married. 2. Question: WHAT FORMS DO YOU HAVE TO FILL OUT? Amu'cr: I 'nli > you are single, without de- pendents, and not making payments for allowable personal saving) (Item 5D), you should file Form TD-I with your employer. Otherwise he must deduct the amounts pro- vided by the Table of Tax Deductions for a single person without dependents or personal saving!. If *<j or more of your income comes from salary or wages, you must file your 1942 Income Return by JOth September 194). If your in- come is not over $5,000, including not over $100 from investments, you will use Form Tl -Special; otherwise you will use Form T.I. 3. Question: WHEN AND HOW IS YOUR TAX COLLECTED? Amucr: Your employer is rfOHirtJ by law to nuke deductions from your saLiry or wages on account of your 1942 tax during the period September 1942 to August 194). Each deduc- tion must be the amount provided by the orfici.il Table of Tax Deductions for your current rate of pay, and family status and per- -..ii.il saving; as declared on Form TD-1 (Item 2 above). The Table is designed to collect about 90% of the tax on your salary or wages, leaving a biljncc of not more than 10%, in most cases, (plus tax on your other income, if any) to be paid with your Income Return to be filed in September 194). If your salary or wages are less than % of your income, you must pay tax on your other income by compulsory instalments. (See Part II below). 4. Question: WHAT CONSTITUTES TAXABLE INCOME? AniHtr: Your income is made up of your full salary or wages before any deductions whatso- ever, plus living allowances, gratuities or boniiHi (including cost of living bonus) and the vjlue of any board, living quarters or sup- plies, etc., given you by your employer. It also include) such receipts as interest and dividends, rents (after taxes, repairs, etc.), royalties and annuities. From your total income you deduct payments (up to $)00) into certain types of employees' superannuation or pension funds, charitable donations up to lO'/f of your income, and medical expenses over 5% of your income (m.iximum $400 single, $600 married, plus $100 for eaih dependent up to four), to find the amount of your ta\ablr income. 5. Question: HOW MUCH DO YOU PAY? Answer: (A) Normal Tax (whichever rate is applicable is applied to the full amount of A booklet entitled 'YOUR 1942 INCOME TAX" will be available shortly at office* of Inspectors of Income Tax. your taxable income from the first to the last dollar). (1) Single with taxable income between $660 and $18007% with taxable income between $1800 and $JOOO 8% with taxable income over $)000 9% (2) Married (or equivalent status) with taxable income over $1200 7% ()) Dependents tax credit for each $28 (B) Graduated Tax (1) On first $660 of taxable income No Tax. J3% on next 37% on IK-XI Mi',", on next } (00 too 1000 41% on next HOC 4S% on next 50% on next liOO JOOO JJ% on next $ J.OOO 60% on next 7,000 6!% on next 10,000 70% on next 75% on next .80% on next 20,000 20,000 30,000 85% on excess over $100,000 (2) M i . I (or equivalent itatus) tax credit $ HO ()) Dependents tax credit for each up to J80 (C) Surtax 4% on investment income over $1500 without exemptions. NOTES 1 I ) In no case are you required to pay a net tax (i.e., after credit for dependents) which would reduce your taxable income below (660 single or $1200 mirried. (2) If a wife- lus uiii-arnfJ income over (660, then both she and her husband are taxable as single persons, but any amount a wife tarns docs not affect her husband's right to be taxed as a married person. A married woman is taxed as a single person under all circumstances except only when her husband's income is less than (660. (D) Tax Credit for Personal Saving! You may deduct from the savings portion of your tax (Item 6) 1942 payments on account of (1) an approved employees' (or trade union) superannuation, retirement or pension fund; (2) premiums on life insurance policies issued prior to 2)rd June 1942 (if issued after that date ask your in- surance company or Inspector of Income Tax); ()) annuity or savings policies not post- ponable without substantial lois or forfeiture; and (4) principal payments on a mortgage or agreement of sale, existing prior to 2 3rd June, 1942, on one residential property; provided (a) they do not exceed the savings portion and (b) receipts are pro- duced for the payments when filing your Income Return. (E) National Defence Tax This tax does not apply iftcr )lst August, 1942. The deductions made during January to August 1942 apply as a pay- ment on account of your 1942 tax. 6. Question: HOW MUCH OF YOUR TAX IS SAVINGS? Antner: ( I ) Single the letter of (a) Yz the total of your Normal Tax, Graduated Tax and Surtax; or (b) 8% of your taxable income (maxi- mum $800) plus 1% for each dependent (maximum $100 for each). (2) Married (or equivalent status) the letter of (a) Yz the total of your Normal Tax, Graduated Tax and Surtax, or (b) 10% of your taxable income (maxi- mum $1000) plus 1% for each de- pendent (maximum $100 for each). You will get back the savings portion of your tax which you actually pay, plus 2% in- terest, after the war. 7. EXAMPLES OF AMOUNTS PAYABLE ON 1942 EARNED INCOME (after allowing for National Defence Tax actually deducted Jan. -Aug. 1942) SINGLE -NO DEPENDENTS MARRIED NO DEPENDENTS MARRIED 2 DEPENDENTS 1941 |M I'Mfc TAX INCU'I'ING SAVING* TAX OxLV TAX INCLIDING SAX INGS TAX ONLY TAX INCLVPING &AMNCS TAX ONI.V $ 750 1,000 1,500 2, 000 2,500 j.ono 3,500 4,000 siooo $ 54. 50 138.67 297.20 507 . 46 709. U 024 40 1.181.06 I ,40ft fj 1 894 67 1 14.75 58 67 177 20 347.46 509.13 1 in 901 06 1,087.73 1.494 67 t 167 20 .164 13 567.46 784.40 1,007.73 1,231 06 1.711. .13 * 58.60 164.13 317.46 484.40 657.73 831.06 1. 211. 33 $ 25.66 174.80 378.13 595.06 818.40 1,041.73 1.522 00 $ 1.16 67 40 K>0 73 260 86 398.40 56I.7J 9_>2 00 .. PART U - As U Affects PERSONS OTHER THAN SALARY and WAGE EARNERS (Mi- 1' ait business or professional men, investors, and persons on commission) 1. PAYMENTS You must pay your 1942 income tax by quarterly instalments beginning on the fifteenth day of October 1942. Remittance Form T. 7-B Individuals, to be sent in with your payments, may be secured from Inspectors of Income Tax some time in September. 2. RETURNS You file your 1942 Income Return on Form T.I, on or before the thirtieth day of April 1943. NOTE: Items /, 4, 5 and 6 of Part I also apply. : . IF YOU ARE AN EMPLOYER paying any person on a daily, weekly, monthly or any other basis, it is your responsibility to dedurt Income Tax instalments from the salaries or wages you pay, commencing with the first pay period beginning in September, and vend the amounts deducted to your Inspector of Income Tax within one week from the pay-day. There are severe penalties for failure to dednct or remit. If you are in doubt as to your obligations to deduct, communicate with your Inspector of Income Tax at once. DOMINION OF 4 A\ AHA - DEPARTMENT OF NATIONAL REVENUE INCOME TAX DIVISION CUT TI11S ADVERTISEMENT OUT FOR FUTURE REFERENCE COLIN GIBSON. Minitlcr of National Rfienue C. FRASER EtLlOTT, Commiuioner of Ivfom* T*H .

Powered by / Alimenté par VITA Toolkit
Privacy Policy