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Show Place Nov 1978 3 I The Law and You Three questions and an swers bated mi Ontario Law are Intended to inform and not to advise should try to apply or Interpret the law without the aid and advice or a trained expert who knows the facts since the facts of each case may change the applica tion the law I Must everyone on lax return A No However any Can student who has an income should die a Even if you did not earn enough income to become taxable if you had income lax Canada Pension Plan contributions and insurance premiums deducted from your earnings you would have to file a return to get back over payment Ontario Tax Credits moy also be claimed but only If a return is filed Is my student loan tax able A Partly Only the grant portion is to be included in income A repayable student loan received from a govern is not taxable III I received a scholarship Is that taxable A Yes Income from a scholarship bursary fellowship or prize for achievement in your normal field of endeavor is to be included In income for tux purposes However there is a exemption Total the amounts received together with any grant portions of a loan subtract and include the remainder in jour income I have applied for a research grant for next year Will be taxable A Yes if the research grant is paid in one lump sum the whole Is included in Income Any expenses in during the year for the purpose of carrying out the work would be deductible but only against the grant not against other income These expenses Include travel to the place of research but do not include personal or living expenses However if the research grant can be paid in two amounts one clearly designated as a grant and one as expenses then only the grant portion need be In cluded in income V Do tuition fees have to be deducted on a calendar year basis A No You can deduct tuition fees paid for any twelve month period and you may deduct them whether or not you pay them yourself If a supporting parent or spouse pays them they cannot claim a deduction only the student can However if your employer pays the amount lie pays must be Included In income before you take the ded uction VI What is the education deduction A Students may claim a deduction of SO for each month they were In full time attendance This includes the months when the school term starts and ends if you have an exam on May you can include the whole month of May The claim must be supported by a certificate from the educational in stitution attended VII Can I deduct the cost of moving from on page A Neighborhood Professional can be your best friend You brochure Let us show you how Call or drop by today for your complimentary copy r REAL ESTATE INC Training and experience Knowledge of the local mar Understanding real estate rules and regulations These are just three reasons why we can be your best friend when you re selling a house There are 18 more in our 21 Reasons Why CENTURY 21 Should Sell Your House For MEMBER BROKER READ ABOUT IT Great bedroom home on a quiet court Futures baths pool fulty lanced gas and tool shed Give Matt Todd a ring and well look after everything Were the Neighborhood Professionals NEW LISTINGS SUPER NEW EXCLUSIVE lo do but move rghl bedroom carport and bar dm above ground poo GO WEST GEORGETOWN 4pc baths forgo moderns dospl iground pool win large deck and patio icoly landscaped large lor Asking to tutu own CallAICurrf HANDY GARDEN foot vegetable garden and run lender loving at this Bedroom bathroom home in town Has a paved gas and light and a walkout patio CallAnny SOPHISTICATED CHARMER Super year old chorming 3 home modem kitchen electric air cleaner marble fireplace and some appliances Priced at Mel Dodge or Cam Eadoi COZY AMD COMFORTABLE co look and mso Ive is bedroom lo school shopping Features 2 baths paved drive room don and laundry room CallJonZorgo TWO MCE HOMES IN MILTON n bedroom brick and aluminum baths conlral largo lot ground pool at 68 900 Call Audrey bodroom storey comptolely redecorated Asking only ve Mai a ring TWO GREAT BUYS IN TOWNEXCLUSIVE SEMIS PICTURESQUE LOT acre lovely view of Credit River and valley How Asking CallJonZorgo STARTING OUT priced at Cheaper an pay Give Cumo a call TWO GREAT BUYS IN TOWN EXCLUSIVE SEMIS Large bedroom home games room tool shed and woiknhop al Call Jon WINTER WONDERLAND All around you in lovely year old home Features a family room ih bar car garage above ground pool super ceiling fireplace andfiillybroadloomed A must see Mai Dodge wilt be glad to show beauty to you SPANISH STYLE BUNGALOW Under construction now and going to bo intellect with Iron gates end grilles to complete the decor This 3 bedroom home Is now just waiting for you to come pick out your nitres and Contact our 6 CALLING MR HANDYMAN Older homo on a lovely treed lot interior needs some decorating but or lor Is maintenance free aluminum Priced Give Audrey a call m annydhischleu CLAUDETTELAGRANOEllfl 3214 DODGE ALCLrRRIE MATT TODD AUDREY ARLENESHORTILL JONZORGE REAL ESTATE INC 8770155 the Neighborhood Professionals MEMBER BROKER 10 we speak English french German DUTCH