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Page ALTON HILLS HOMESTYLE Saturday July 1990 Goods and Services Tax highly complex By MURRAY RUMACK The new Goods and Services Tax is not yet Law but plans are to have it take effect next January 1 and Canadians had better brace themselves With a few specific exceptions the per cent GST will apply to virtually every product domestic and ported and to every service sold in This article is provided by local Realtors and the Ontario Real Estate Association Tor the benefit of consumers in the real estate market Unlike any other part of a home windows serve a unique purpose are a major source of natural light and fresh air and pro vide us with a view of he outdoors Several of windows can be found in both old and new homes fixed windows with no moving horizontal sliding w casement v indows and doublehung sash w If re thinking of replacing your windows to improve energv efficiency or adding windows to give your home a new look there are several things should keep in mind First of all consider the type of window jou want to install and v hat your budget limitations are If you intend to replace pre sent windows with larger ones should choose something that will blend in well with the existing win dows and line up with either the tops or bottoms of the other win Consider how this will affect jour homes appearance both in side and out If vou re going to be creating new w space should consider the size and location and make sure the new additions complement the style of your house Also consider the type of lighting want these windows to supph and the effect you want to create Windows help set the mood of a room so if want to achieve a distinctive look make sure vou choose the ap propriate v s And if you have a spectacular vou want to frame make sure the window you choose will showcase it to vour satisfaction Ventilation is another important factor to consider when choosing windows Windows that are placed in a low position in a wall can help direct the incoming air flow downward When open w that are placed opposite each other can create a continuous airflow You should also consider how the location of the new windows af feet the amount of heat vour house will gam For instance windows that face north tend to be net energy losers while those that face south other than those that are single glazed tend to be net gainers Many types of windows are available on the market today Some have wooden frames that are clad In vinyl or metal others are made of tough plastic or These types of windows generally require very little maintenance Frames and sashes made from and plastic tend to have the best insulation value When choosing new windews youll undoubtedly want double or tripleglazed thermal units The thickness of airspace between each layer of glazing determines the Canada Its a highly complex tax but the bottom line is that the end user the consumer is the one who pays the whole shot That s the bad news But theres also a shred of good news To compensate lower income Canadians an offsetting GST credit will be paid in advance everv three value of the unit and max imizes energy efficiency Consider window units with a wider amount of spacing between the panes threequarters of an inch is about the maximum Low emissivitv glass can also provide better energv efficiency In cold climates this type of glass has a thin metallic coating on the outer surface of the inner pane In hot climates the reverse is true This coating is designed to reduce heat loss COMPARE RATINGS When shopping for windows check the air leakage rate viouslv a low rate will Indicate that the unit is verv energ Also check for resistance to water leakage and wind and be sure to examine and compare the insulating value pnee durability and appearance The of windows available from building stores are prehung units which come com plete with glazing frame sash and all the hardware months with the first cheque due to go out this December How much this credit will be depends on individual cir cumstances like age whether mar or single number of children and amount of net income For example a single person of or older with no children and net in come between and qualifies for a maximum credit of As net income increases and depending on dependents the sales tax credit gradually decreases and disappears altogether when the net income reaches 35 So suppose you qualify for the credit then you get your first in cheque for in December this year and cheques for similar amounts three months thereafter The one snag here is that you wont get any credit at all even if vou qualifv unless you have applied for it It does not come automatical And the time to apply was when vou were filing your income tax return which had a special ion form attached However if for some reason you did not complete and file this special form with tax return all is not lost There is still time to remedy the situation It is important to realize that one does not have to be classified as a taxpayer in order to applv for the GST credit Anyone and should apply even if thev have no earnings and no income tax to pav Simply pick up a 1989 tax guide at any Post Office or Revenue Canada office and open it to page Facing this page you 1 find a green form GSTC headed The pro posed federal goods and services tax credit The first side tells you how it works who applies and describes terms used in the form Flip it over and fill our Area family and Area E income informa tion Sign it add the date and make sure to include your social insurance number Next mail it to Revenue Canada with a note showing your name address and again your social insurance number And thats it One nice bonus is that you dont have to pay tax on your credits For advice on TV see Your Wealth available on Broadcast channels In Ontario and on satellite across Canada or see Money in the Bank on your community cable channel Money care is general financial ad vice Canada a chartered is with and doling ARTHUR JOHNSON ASSOCIATES LIMITED REALTOR GEORGETOWN 8775165 DORA Associate Broker RES 8771 COMPARE SAVE A beauty with more for your Cen Air fully nground pool washer dryer dishwasher new and stove new rool eaves and redone oak cupboards brick replace baths si to deck room and rec room Gorgeous wide lot 90324 LOOKING FOR SPACE A PRIVATE PLACE Look no further Lovely spacious split level sits on a pretty mature lot on a quiet court Attractive decor plush Updated cupboards central air 2 baths room and rec room A must to see at 900 STARTING OR RETIRING Access to all amenities this super semi bungalow in Brampton is to sell in the New broad Ire decor large fenced lot separate entry Don I delay Call today DRASTICALLY REDUCED Ths property and elegant bedroom thp line features you want Huge garage fireplicf imily kitchen mam floor family room and laundry dining plush big bedrooms front on paved road minutes to 1 Ideal for commuter look r g for horse country Now only Dial for Deli Is Windows can serve a unique purpose