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OFFI In Business For Business GSS CESUPPUES Saatarial SmvIcm 87722K Jam St N acton Ontario L7J 1W3 It rami rota the FREE DISTRIBUTION WEDNESDAY NOVEMBER 29th 1989 40 PAGES MP Turner sa House tax could wreak havoc on Georgetown By BRIAN MacLEOD the Herald Lowering the proposed nine per cent goods and servteps tax by tax ing resale houses would wreak havoc on the whole real estate market Halton Peel MP Garth Turner says Mr Turner responded swiftly Monday to a report by the chair man of the federal Commons finance committee Donald Blenkarn which recommends the proposed national sales tax to seven per cent and slapping a cent tax on the resale housing market This is going to just block first time homebuyers completely from the market Mr Turner said I think the housing tax if imposed would wreak havoc on whole market Mr Turner said he told federal Finance Minister Michael Wilson Monday that a five per cent tax on resale houses is not a wise move According to Mr Turner the five per cent housing tax would work like this a homeowner who sells a house and pur chases a house would pay five per cent tax on the difference However Mr Turner said a first time homebuyer would have to pay the tax on the entire pur chase price of the resale house So a 200 house not uncommon in Halton Hills would carry a tax bill The tax committee t understand the impact of a resale housing tax on a community like Georgetown Mr Blocking first time buyers out of the market would cause a ripple effect in the real estate market because current homeowners would find it more difficult to sell their homes Mr It s like a fire If you take the On he march Santa had his wooden soldiers lead the parade in Georgetown Saturday so they could send back word to him about the children of Georgetown Judging the playful and route Santa won be disappointed and neither will the children this Christmas A variety of floats tin Saturday included Winter a pal mobile and the Three More photos on Page 10 fuel away from the fire the fire goes out First time are the fuel There are recommendations in Mr Blenkarn s report A bunch of them are good but on this one the resale housing tax he way off base Mr Mr Turner acknowledged there is a chance the nine per cent figure Mr Wilson has so sternly stuck to in the face of mounting opposition will come down to seven per cent But not that way he said of a housing tax Taxing food is better tome Mr Turner favors a tax on groceries as a way of reducing the proposed nine per cent tax to seven per cent a figure deemed to be more politically acceptable m na tional polls No other country in the world Cont don Page 9 GST Bowling alley could close By DONNA the Herald The proposed nine per cent federal tax on most goods and vices would kill business at the Georgetown Bowl and force the familyowned business to close after years the bowling alley owners say It might make the price of the game so high that wed have to look at closing our doors Rose says of the business she and her family opened on Georgetown Mountainview Road South It would kill us Mrs Radyk says those who use tie bowling alley are most low and middleincome families seniors people who would feel lie bite of increased game prices shoes and snack bar Mrs said she sent a letter Halton Peel MP Garth Turner ut hasn t received a response The price of bowling games in is for adults and for students The rental of shoes is now cents for adults and cents for children But this would change by nine cent with the GST and would cut down the number of people us ing the bowling lanes for recrea said Mrs The Raklyks customers are just ordinary working class peo ple Rose s daughter Chris Radyk said This is about the only economical recreation they can do her Cont don Page 5