Whitchurch-Stouffville Newspaper Index

Stouffville Tribune (Stouffville, ON), March 26, 1986, p. 24

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b4 economist suntribune march 26 1986 a waterless future by steve houston staff reporter if canadians arent more careful mother nature will eventually abandon us says businessman denis cham pagne the owner of water treat ment company clear plus mr champagne 27 designs and sells water purification sys tems for the home and busi ness we take our environment for granted mr champagne said last week we are part of the ecosystem and eventually mother nature will turn back and hurt us in the years to come he said the water markha- mites draw from their faucets each day is contaminated with various toxins even though it has been treated at sewage facilities and though the various che micals and industrial by products that make its way into water supplies are minute its measured in parts per billion mr champagne said it does affect people its not the actual quantity of chemicals so much as it is the repetition of the quantity he said clear plus purification sys tems are portable units that trap many of the contaminants in a compressed carbon core and filter water through an au xiliary faucet kit mr champagned pointed out that the carbon core is capable of removing 129 of the 200 prior ity pollutants listed by the en- vironmental protection agency he also said governments havent moved fast enough in legislating stricter pollution regulations to stop the influx of contaminants dumped daily into the five great lakes people today are becoming increasingly aware of the en vironmental issues that affect their health he noted we are more health conscious and people realize that some re sponsibility begins at home as a result of the growing awareness mr champagne said the response to his puri fication systems have been positive over the last two years he expects that re sponse to grow in the future also the most important thing is not to wait on larger institu tions to take care of these prob lems he noted some of the problems can be taken care of at home carbon copy not quite clear plus owner denis champagne dis plays a new carbon filter left and one that has been purifying water for one year the difference is easily noticeable in the one on the right as it is stained and cracked from daily use give them a summer job every summer students provide a wealth of talent knowledge and ingenuity that every em ployer can tap as an employer you will benefit from the energy and enthusiasm students bring to their summer jobs the students in turn will gain the experience so valuable to entering the working world of course students are willing to do just about any sort of work available but ideally they would like to find employment related to their field of study this would help ease the transition from school to work and help eliminate the no experienceno job bias that they may face when seeking full time employment hiring students makes good business sense for every type of job you can offer theres a student more than willing to work i employment and immigration canada emploi et immigration canada canada income tax refund one of the most common state ments of astonishment that you will here from now until the end of april goes something like this youre getting how much back on your income tax whether it is through a vivid im agination a great deal of fore sight or a very skillful accoun tant it always seems that the guy or gal next door pays less taxes than you do todays article will cover some of the things that you should con sider when filling out your income tax form this year we will walk through some of the common areas that cause problems and outline what you can do different ly next year to further reduce you tax burden on page one of the return its time to be honest here you not only declare all of the income that you received t slips for but all of the other income that you might have made included here is the bank interest that was not large enough for the bank to report the capital gain that you made on the sale of your investment property the interest that your family member is paying you on that mortgage money you lent to him and any other income that the goverment doesnt know about this year before closing the paper in an ger and declaring me to be a spoil sport who suggests taking all of the intrigue out of tax filing let me explain the revenue department has all the cards in its hand its computer can tell when something is out of the ordinary and over a period of years there is a good chance that an audit will turn up that hidden income it simply is not worth the risk to try to illegally hide a few tax dollars on the other hand it is a right even an obligation for every tax payer to use all of the rules and all of the means available to reduce taxes to the bare minimum lets see how to use some of the rules to advantage the first of the deductions listed on the form where you have some control is registered pension plan and registered retirement sav ings plan contributions if this number isnt at the 20 per wise money gjin max insurance rates reduced for homeowners renters auto ask for ed sorozan ofc 4495156 res 6639517 cent maximum up to 3500 for those with a pension plan of 5500 for those without a pension plan then you have missed a gift this year and should resolve to take care of it next year a 3500 contribution in this area for a 40000 income earner means paying about 1400 less tax 40 per cent marginal tax next on the agenda is to dig up those old receipts for union and tuition dues by finding them the person above lets the government pay for 40 per cent of the tab i think the next item is one of lament for many parents with children in university even though you may have payed the whole tuition bill you cant de duct it the person who got money out of his or her hands and into the students is the winner here this can be accomplished simply by the use of a registered educa tional savings plan i might add that there are some new plans on the market now that are really dynamite in terms of saving the tax as well as making terrific investments with daycare in the news so often you might fail to recognize that the next major deduction for many parents is referring to ex actly that the government calls it child care expense make sure that the lower income earning spouse claims this although you dont have to file receipts you must keep them for future possi ble audits the next section on personal ex emptions for spouses and children is important for future planning if your children earned over 2720 for example then they start to reduce your dependent deduc tion next year you may want to suugest that they work less and enjoy the summer a little more as long as you are willing to make up the shortfall while this sounds like a costly strategy it is a reflec- proclamation that the month of april 1986 be proclaimed as barber shop har mony month in the town of markham carole bell mayor mr summer session atkinson college york university evening and parttime undergraduate programmes leading to ba bas bsc and bsw applications for admission to the summer session will be accepted until april 9 1986 for further information telephone 667- 2471 atkinson college 4700 keele street north york ontario m3j1p3 short term deposits 9 3059 days interest paid at maturity special rates on amounts minimum deposit s5000 over 50000 rra mnn po box 539 standar d 39 main street north ttyr tot markham ontorio t3p 1x3 i kuo i telephone 2946865 member canada deposit insurance girporation rates subject to change without notice tion th at in a 40 per cent tax brack et every dollar your 18yearold child earns over 2720 and up to 4140 costs you 40 cents the final section on deductions has some real opportunities for planning as well the pension in come deduction is thought by many to be only for those with pension plan or rrsp income surprisingly enough it can also be obtained after age 65 by having up to 1 000 of interest income from a nonregistered annuity from an insurance company its a simple way of converting taxable in terest income into nontaxahle qualified pension income your medical receipts will only be of use if they exceed three pet cent of net income search around instead for all of the charitable donation receipts that you can find the 100 standard deduction is gone this year the next fairly common oppor tunity is the transfer of deduc tions that your spouse has but can not use because of low income following the rules you can pick up as much as 1000 for interest and pension income deductions as well as age education and disabil ity deductions finally if you had a capital loss before may 23 1985 you can de duct up to 2000 against other in come as long as you dont have enough 1985 capital gains to offset these losses if you were in the particular situation to have taken advantage of many of these deductions and didnt then that is the reason that everybody seems to be getting more back on their income tax than you are one might well ask why they should worry at all about the above situation since they have their local tax preparation ser vice or friendly accountant look after the whole thing anyway the thing to remember is that at tax preparation time the history has already been written and the accountant is the archivist an understanding of how some of these rules work will let you to some degree write your own des tiny from a tax point of view let me be clear that their is no substi tute for an excellent accountant who for a proper fee will do the history from last year and help plan the future unless you are willing to pay for a full service you owe it to yourself to gain a basic understanding as to how and why you send so much money to the department of national revenue each year takenoticethatapublicmeotingottho liquor licence board of ontario will be held at the liquor licence board of ontario 55 lakeskore boulevard east toronto ontario on tuesday april 15th 1986 at the hour of ll0o oclock in the forenoon at which time the board will hear an application in accord ance with the liquor licence act and regu lations thereunder the following establishment has applied for a licence ofthe class indicated and the application wili be entertained at the afore mentioned location and time application for additional licence maples of ballantrae recreational facility town of whitchurchstouffvllle lot 1314 concession 7 rr 4 stouffville reclassification from public house and a patio public house licence to a dining room licence and a patio dining room licence llcencee michael wade construction co limited and further take notice that any person who is resident in the municipality and who wishes to make representation relative to tho application shall make their submission to tho board in writing prior to the date ot the hearing or in person at the time and place of the hearing copies of written submissions will be forwarded to the applicant liquor licence board of ontario 55 lakcshoro boulevard east toronto ontario m5e 1a4 ministry of consumer and commercial relations the liquor licence act proclamation that the month of april 1986 be proclaimed as big sister month in the town of markham carole bell mayor

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