Oshawa Times (1958-), 27 Nov 1963, p. 7

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Pulp, Paper Group Urges Tax Changes OTTAWA (CP)--Headed by a major reduction in corporation| ' taxes, a series of tax cuts was recommended today by the Ca- nadian Pulp and Paper Asso- ciation which advocated the moves as a means of stimulat- ing economic growth. The first recommendation of the association, in a brief to the royal commission on taxation, | vas that corporate taxes be set) at a flat rate of 40 per cent, | including provincial taxes. The federal rate now is 50 per cent on incomes over $35,000 and 21 per cent on figures under $35,- 000, Provincial taxes add one or two percentage points to these rates. Since the bulk of corporate tax revenue is gained from the higher bracket, this proposal wou'd mean a decrease of $259,- 000,000 in revenue, the bricf said. But the association ad- vanced additional recommenda- tions that would change this, It suggested that an "equali- zation tax" he imposed on divi- dends paid to foreign investors to bring their tax rate to the same level that applies to cor- porations in their own countries Based on 1962 figures, said the brief, this would add $127,009.- 000 to federal revenue. However, the present wita- hokling tax now applied to the dividends of foreign . investors shou'd be eliminated--it is "dis- criminatory'? -- and this would cost the revenue department $75,000,000. WOULD LOSE The rev nue department would lose another $358,000,000 by treating corporation tax as a deduction at source on per- sonal dividend income. "The investor, in computing taxable income, would add the corporation income tax at the current rate to any dividend re- ceived. . { the credit was in excess of the personal tax liability, the taxpayer would be entitled to claim a refund. This would be coupled with the elimination of the present 20-per-cent dividend tax credit, which would 'add $179,000,000 to revenues. : The end result of ail the pro- posals would be a loss of rev- enue totalling $366,000,000. The association said it was confident these measures would exert enough upward leverage on the economy to "make a sub- stantial contribution" toward re- covering the lost revenue: Full| recovery could be achieved by a five-per-cent increase in the gross national product. Milk League Happy With Policy Change LONDON, Ont. (CP) -- A change in federal dairy policy on butterfat earlier this year may have created some hard- ship for some fluid milk produc- ers but it has done more good than bad, says Laverne Dia- mond, vice-president of the On- tario Whole Milk Producers League. Speaking Tuesday ta the an- twal meeting of the London Dis: trict Co-operative Milk Produc- ers, he said much fluid milk has been diverted to cheese pro- duction and preliminary esti- mates show an additional 4,000,- 000 pounds of. cheese will be manufactured in Ontario this year. Up until May of this year, fluid milk producers received a 1414-cent - per - hundredweight subsidy on butterfat. A change in federal policy lifted the sub- sidy in May. Mr, Diamond said more re-| search is needed to find more| ways and means of using dairy} products in Canada. He said| Canada spends $4 per capita on} research compared to $24 in the| United States and $28 in the United Kingdom. Water Boiling Vote Issue At Jarvis JARVIS (CP)--Water is go- ing to be a boiling issue here for the next year at least, sug-) gested Town Clerk Howard) Crouse Tuesday. He said town council is still| working to get a definite figure on the cost of installing a mod- ern water and sewage system. "I think it will take another year to get it all done and give the people an opportunity to vote on it," he said. Dr. Michael Krawetz, medi- eal officer of health, last week reported that 35 of 36 wells tested had been found polluted, 30 per cent with human waste. He said Tuesday the town's 800 residents are still being ad- vised to continue boiling water until the water situation im- proves. Town council was returned by acclamation at last night's nom- ination meeting. Both they and the 150 resi- dents who attended protested recent press reports of the town's: water problems. Council members claimed the publicity) is affecting efforts to attract _-- and business to Jar- Residents were also con- cerned at reports that a new water and sewage system would cost up to $400,000, most of which would have to be borne Dy taxpayers. TURKEY .- 6 to 14LB. Grade "A" oo. LB. SPECIAL! MEATY PORK SIDE SPARE RIBS . SPECIAL! SWIFT'S PREMIUM » 43 RINDLESS SIDE BACON ......... 5 SPECIAL! SWIFT'S PREMIUM WIENERS .. SPECIAL! SEE COUPON FOR EXTRA STAMPS--PENNYWISE CHOPPED BEEF STEAKETTES ..... SPECIAL! CHOICE COD FILLETS ......... SPECIAL! LOBLAWS @ FRESH FROZEN FISH -- PAN READY @ Pride of Arabia COFFEE SPECIAL! LOBLAWS "KITCHEN PRIDE" ANGEL CAKE .. SPECIAL! COLOURED -- 2c OFF REG. PRICE PUREX TOILET TISSUE... 2 SPECIAL! McCORMJCK'S BISCUITS SNACKERS SPECIAL! STUART HOUSE ALUMINUM FOILWRAP 12" WIDE 25-FT. ROLL :-65'.1.87 S DAINTY CRISP CRACKERS FOR SNACKS OR HORS D/OEUVRES SPECIAL! CHOICE UNSWEETENED VITAMINIZED CUDNEY APPLE JUICE... dy TREAT YOUR FAMILY TO HEALTH! HONEY-SWEET VALENCIA VARIETY! eee ee SPER eRe es Pie e eet ase eta] 2-ROLL PKGS, 8-07. PKGS. JUICE ORANGES «:. GARDEN FRESH FROM CALIFORNIA! No, 1 GRADE! SNOW WHITE HEADS! CAULIFLOWER iff cacn SIZE 12's EACH GARDEN FRESH! ONTARIO GROWNI FIRM, al al EXTRA STAMPS di EXTRA STAMPS Li EXTRA STAMPS di di WITH COUPON AND PURCHASE One 6j-08. Aerosol Tin SPRAY WAX TONE V4 Coupon Expires Dec. 4, 1963 WITH COUPON AND PURCHASE 'Two 25-05. Tine WISH OR BEEF CLARK'S STEWS Vi2 Coupon Expires Dec 4, 1963 WITH COUPON AND PURCHASE One 12-02, Tin CHIX MOCK CHICKEN LOAF V2! Coupon Expires Dec. 4, 1963 WITH COUPON ANO PURCHASE One 9j-0n, Jor CROSSE & BLACKWELL Branston Pickle V30 Coupon Expires Dec. 4, 1963 WITH COUPON ANO PURCHASE ONTARIO COOKING ONIONS Ved Coupon Expires Dec 4, 1963 GREEN! FULL-FLAVOURED! BRUSSELS SPROUTS ... 00 EXTRA STAMPS aD EXTRA STAMPS di EXTRA STAMPS di EXTRA STAMPS di EXTRA STAMPS di WITH COUPON AND PURCHASE One 2-Ib, Tin NESTLE'S QUIK VS Coupon Expires Dec. 4, 1963 WITH COUPON AND PURCHASE One 7-02. Asrosel Tin NOXZEMA 3 WAY LATHER SHAVE VII Coupon Expires Dec. 4, 1963 WITH COUPON AND PURCHASE One 7-02. Tin KENT Boneless Chicken 'V22_ Coupon Expires Dec. 4, 1963 WITH COUPON AND PURCHASE One Economy Size Pkg. PLASTIC BANDAGES CURAD V31_ Coupon Expires Dec. 4, 1963 WITH COUPON AND PURCHASE One 2j-02. Jer SKIN CREAM ROXZEMA V40_ Coupon Expires Dec, 4, 1963 WITH COUPON ANO PURCHASE Five Good Size 96's GRAPEFRUIT V4S Coupon Expires Dee 4, 196) 29: wo DY EXTRA STAMPS al EXTRA STAMPS I 2) EXTRA STAMPS mK EXTRA STAMPS di EXTRA STAMPS NEW BRUNSWICK GROWNI CAN, No. 1 GRADE! IDEAL FAMILY PACKI POTATOES 'CALIFORNIA'S FINEST DATES! LARGE PLUMP! EVERY PIT REMOVED! FRESH PITTED WITH COUPON AND PURCHASE Volume 8 Golden Book Mustreted DICTIONARY V6 Coupon Expires Dec. 4, 1963 WITH COUPON AND PURCHASE One 32 fi. ox. Jer GATTUSO VEGETABLE OIL V14 Coupon Expires Dec. 4, 1963 WITH COUPON ANO PURCHASE One 16-ft, on, Jer WETHEYS MINCEMEAT 23 Coupon Expires Dec. 4, 1963 WITH COUPON AND PURCHASE. Any One 64-0, Tia AIR DEODORANT FLORIENT V32_ Coupon Expires Dec. 4, 1963 WITH COUPON AND PURCHASE Three 13-02, Tas PURR CAT FOOD V41_ Coupon Expires Dec. 4, 1963 'WITH COUPON AND PURCHASE One Colle Phy, FRESH TOMATOES V46 Coupon Expires Dec. 4, 1963 EXTRA STAMPS 2) EXTRA STAMPS di di EXTRA STAMPS ik EXTRA STAMPS I EXTRA STAMPS RE-USABLE WITH COUPON AND PURCHASE One 1 fi. om, Bet, DEODORANT BAN V8 Coupon Expires Dec. 4, 1963 WITH COUPON AND PURCHASE Any Two Sern REGULAR DIAL SOAP VIS Coupon Expres Dec. 4, 1963 OXYDOL V24 Coupon Expires Dec. 4, 1963 WITH COUPON ANO PURCHASE Any One Pkg. BETTY CROCKER MUFFIN MIXES V33 Coupon Expires Dec. 4,.1963 'WITH. COUPON AND PURCHASE One 4b, Php. PENNYWISE CHOPPED Beef Steakettes V42_ Coupon Expires Dec. 4, 1963 WITH COUPON ANO PURCHASE One 6-q'. Beshot ANY VARIETY FRESH APPLES VA? Coupon Expires Dec. 4, 1963 Gi: 39: 29: * PLASTIC CUP 3 3: ds ds EXTRA STAMPS di EXTRA STAMPS dh EXTRA STAMPS 2) EXTRA STAMPS a 19 nine Qe WITH COUPON AND PURCHASE One Ban MEDICINAL end TOILET CUTICURA SOAP VI6 Coupon Expires Dec. 4, 1963 WITH COUPON AND PURCHASE One 2-Ib. Poly Bog FANCY FROZEN KERNEL NIBLETS CORN V23 Coupon Expires Dec, 4, 1963 WITH COUPON AND PURCHASE Any One 16-02. Pkg. BETTY CROCKER ANGEL FOOD MIX V34 Coupon Expires Dec, 4, 1963 WITH COUPON AND PURCHASE One Extre Lerge BUNDLE CELERY HEARTS ¥43 Coupon Expires Dec. 4, 1963 WITH COUPON AND PURCHASE 'Twe 20-05. Tins 'With Pork tn Chill Seuce CLARK'S BEARS VP Coupon Expires Dec. 4, 1963 2) EXTRA STAMPS Li EXTRA STAMPS dS EXTRA STAMPS EXTRA STAMPS J WITH COUPON AND PURCHASE One 2}-1b. Tin DOMESTIC SHORTENING VI? Coupon Expires Dee, 4, 1963 WITH COUPON AN® PURCHASE One 14-02, Phe. LIDO FROZEN CANDIED YAMS V26 Coupon Expires Dee. 4, 1963 WITH COUPON ANDO PURCHASE One 18-02. Pkg. BETTY CROCKER PIE CRUST MIX V35 Coupon Expires Dee. 4, 1963 THE OSHAWA TIMES, Wednesday, November 27, 19638 7 aiven ENTRY BLANKS AVAILABLE FROM LOBLAW CASHIERS! EXTRA STAMPS STAMPS di EXTRA STAMPS 2) EXTRA STAMPS di EXTRA STAMPS WITH COUPON AND PURCHASE One 32-02. Plastic Ort, SUDS POR DISHES INSTANT DEBBIE V1 Coupon Expires Dee. 4, 1963 WITH COUPON AND PURCHASE One 16-02, Bri, PERMANENT STARCH CROSS-TARCH V9 = Coupon Expires Dee. 4, 1963 'WITH COUPON AND PURCHASE One 24-02. Jer MERRIE ENGLAND WITH PECTIN RASPBERRY JAM VIB Coupon Expires Dec. 4,-1963 WITH COUPON ANB PURCHASE One 81-08, Php. CEREAL COCO PUFFS 'V2? Coupon Expires Dec. 4, 1963 WITH COUPON AND PURCHASE One 12-08. Phe. CEREAL * WHEATIES V36 Coupon Expires Dec, 4, 1963 AT Late V2 Coupon Expires Dee 4, 1963 d EXTRA STAMPS ds EXTRA STAMPS di EXTRA STAMPS di EXTRA STAMPS WITH COUPON AND PURCHASE One 4-02, Shaker Phe. FOR FLAVOUR ACCERT V10 Coupon Expires Dee 4, 1963 WITH COUPON AND PURCHASE One 20-02, Tin STAFFORD CHERRY PIE FILLING "¥19 Coupon Expires Cee 4, 1963 WITH COUPON AND PURCHASE One 10-02. Phe, CEREAL VI? Coupon Expwres Ove 4, 1963 al EXTRA STAMPS ki EXTRA STAMPS di EXTRA STAMPS dS EXTRA STAMPS One 60s. Jer PRIDE OF ARABIA INSTANT COFFEE

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