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Your Child's Portrait In vivid color 6gijt Ot a ptt NO APPOINTMENT NECESSARY Just drop into our store during the days and hours listed below. Your lovely gift picture will be taken FREE by a professional children's photographer. One gift portrait to a family which may include groups. It's way of saying "Thank you" to our regu- lar c rs, and "Welcome" to - verone else. THURSDAY FRIDAY April 1st I April 2nd 10-6 11-7 AGIFT TO YOU FROM GOULD PHOTO SHOP 78 King St. W. Bowmanville Telephone 725-3144 draperies BROADLOOM DRAPERIES BY THE YARD - VENETIAN & CLOTH BLINDS CUSTOM MADE DRAPES - DRAPERY RODS & TRACKS INTERIOR DECORATING SERVICE HOWARD VICE 926 Simcoe St. N. Proprietor Oshawa, Ont. AR TISTIC Barber and Beauty Salon 233 King St. E. Dominion Plaza 623-2931 Sis ters Celebrate Anniversaries Tax Corner by John Manuel, CGA Deductions for Students A number of questions have come in from parents who support their children in university. Several special provisions for both students and parents apply, because many university students have part-time earnings which can affect parents' exemption. Net Income Any dependent child aged 16 or over may earn $1332 (in 1975) without affecting ex- emptions, but calculating the net income is the first step. Even though a student may pay no tax, it is wise to complete page 2 of a blank return to arrive at net income. You must take the 3 per cent deduction, follow page 3 for CP and UI calculations, de- duct the net contributions from earnings, and deduct tuition fees on line 36. Only the student may deduct tuition fees, but doing so may allow a parent to claim a full ex- emption instead of only a partial one. No part of tuition fees may be deducted by the parent of a student, but there could be an indirect benefit through increased exemp- tions. Scholarships Bursaries and scholarships have to be added to the student's income less a de- duction of up to $500, and all other usual rules apply for other income and deductions. Education Deduction This deduction allows $50 for each month the student was in university (including the months the term started and finished if they were part months). If the student's net income was less than $1,978, the entire education deduc- tions could be used by the parent. If more then $1,978, the student would use as much as he needed to reduce his taxable income to zero, and the parent could deduct the rest. Ontario Tax Credits A student living away. from home may claim the Property Tax Credit for rent even though he may be claimed as a dependant by a parent. This would be based on rent paid unless he lived in a university residence, in which case the occupancy cost will be limited to $25. The Sales Tax Credit, based on 1 per cent of personal exemptions, will not apply if a student is claimed as a dependant by a parent. These credits could resuit in a refund for the student. If so, a full return should be turned in to obtain them. Receipts No receipts are necessary to prove that you supported a child during a year while he vas at university. Nor do you need any receipts to claim the education deduction. The stu- dent would need a receipt for his tuition fees, and should keep some record of rent receipts, if any. Next week: Ontario Tax Credits Succession Duties Simplified "One of the greatest pro- clarification and simplifica- surance policies or from blems faced by the taxpayer tion." pension plans. In the case of or his tax advisors is trying to bank accounts, up to $5,000 sort through and understand Clearing Small Estates may be similarly withdrawn. the complexities of tax legis- "Of greatest significance to For those other than the lation", Arthur Meen, Ontario the general public is the spouse, insurance companies Minister of Revenue, said last elimination and raising of may release up to $11,500 and week. "Over the past year, 1 limits where people need my banks may permit withdraw- have committed my ministry ministry's consent before they als of up to $5,000. These to implementing a compre can gain access to insurance changes would go a long way hensive program to simplify policies, bank accounts or toward creating a more much of Ontario's revenue pension payments. speedy and responsive system legislation. I introduced "Should these amendments for clearing and processing amendments to the succession be passed, it will no longer be estates." duty act today which repre- necessary for a spouse to Farm Estates sent another important step obtain releases for any "Land held in farming is toward our objectives of tax amount payable under in- Bikes Nèd o Check-up With the advent of warmer weather, people are starting to bring their bicycles out of winter storage. While some may consider that it is a little early for bicycles and we are jumping the season a bit, it isn't too early to get your bike into good, safe, working con- dition, says the Ontario Safety League. Check the alignment. Straighten the front wheel and, placing your hand on the seat-stand just behind the seat, push the bike forward. It should travel in a straight line. If it veers to one side, it is out of line. Make sure that all the equipment is in good order. Replace batteries on the horn and lights if necessary. Be sure Lhat generator lights are working. Check your tires. Tire tread is just as important to the bike driver as it is to a motorist. Bald tires will not grip the road. Make sure your bike is well oiled, check the chain condi- tion and fitting, tighten all nuts and bolts and check for bent or broken spokes. These weaken the bike. Before you take the bike out on the street, check out its braking ability on both wet and dry pavement. Remember, your machine has not been used all winter. It needs to be thoroughly check- ed over - like any other machine - to make sure that it is still a safe vehicle and in good running order. Elrner Lives Elmer the Safety Elephant lives! That is the latest word from the Ontario Safety League and should come as no surprise to school children throughout the province. Elmer, the lovable char- acter created in the late 1940's by a group of concerned Toronto citizens and the now defunct Toronto Telegram, is known to children all over Canada. The Elephant's six safety rules are for most Canadian children the basis of their early traffic safety education. Recent budget restraints within the Metropolitan To- ronto Police Force could mean that community service officers would be re-assigned to other duties. Subsequent newspaper reports suggested that removing officers from the school safety program signalled the end of Elmer. A spokesman for the Ontario Safety League said that rumors of Elmer's demise have since started to trickle in from other areas of the province, all based on the Toronto situation. "While it is true that the uniformed officer is an im- portant component in the Elmer program, the program can and will continue within the school system whether or not the police are involved," stated Nancy Waite Willer, Manager of OSL's Family Safety Department Mrs. Willer noted, however, that the loss of police partici- pation in any community is regrettable, "Children respect the uni- formed officer," she said, "and his presence adds weight and authority to Elmer's message." Early records indicate that when Elmer was first intro- duced to Toronto in 1947, the accident toll among school children was reduced 44 per cent, while the motor vehicle registration in that city in- creased by more than ten per cent. The Canada Safety Council, which now holds the Elmer copyright, reports that the child safety symbol is current- ly enjoying a new surge of interest in some provinces and the program is continually being updated. IngOntario, the Elmer pro- gram is administered by the Ontario Safety League - a non-profit, nor-governmental public safety organization. Dryer Fire Fire in a clothing dryer called Bowmanville firemen into action at 8:12 pm. Thursday at the residence of Mrs. Cyril Allen on SCugog Rd. Fire Chief Jim Hayman advises the loss in the fire, caused by overheating due to a malfunction is about $150 to the unit. He has no estimate of the clothing which was burn- ed. Persons with rare blood can make donations of their own blood through the Canadian Red Cross Blood Transfusion Service, have it frozen, and receive it at the time of surgery. Through the Red Cross, youth learn to help alleviate some of the problems which they see in their society. For countless young Canadians Red Cross is learning exper- ience, a doing experience. another area dealt with in this package;i proposed amend- ments. Last year, duty on farms passing to members of the family was allowed to be written off at the rate of 10 per cent per year. Therefore, at the end of 10 years, if the land was stillfarmed by the family, no succession duty need be paid. However, an anomaly existed, in that previously it took 25 years for the tax to be forgiven. This proposed amendment will affect estates of those farmers who lef t farm estates during the nearly two-year period since April '73 to April '75 when this 10-year write-off came into effect. We estimate that perhaps as many as 300 farmers' estates will benefit from this change." Foreign Art Exhibits "Thirdly," Mr. Meen point- ed out, "Ontario's Succession Duty Act, inadvertently, dis- courages international art collectors from exhibiting or loaning their works to Ontario art galleries or museums, because their property here would be taxed in the event of the death of the owner while the exhibit was on loan in Ontario. Understandably, foreign collectors are re- luctant to exhibit here and face the possibility of substan- tial Ontario tax liabilities. If these amendments are ap- proved, these exhibits will no longer attract tax. This action parallels similar legislation in many countries." Loopholes Several other adjustments are proposed to the Act, which will serve to minimize the effectiveness of certain so- phisticated methods of tax avoidance. These include plugging certain loopholes whereby, in some cases, foreign real estate passed to Ontario residents tax free and estate foreign property owned by an Ontario resident was allocated to foreign bene- ficiaries again with no tax being paid. Also, the method of valuing income interests in Wills would be changed. "In addition," Mr. Meen added, "I hope, in the next few mantbs, ta be able ta present to the legislature a bill that will greatly simplify the rate structure of the Succession Duty Act. I will want to ensure that this further simplification will not be made at the expense of needed revenue for the province and the studies necessary to determine this have not yet been evaluated. But, if these amendments are approved by the legislature, we will have done much to inject a certain amount of equity, simplicity and human- ity into the act." "Flowers with Feeling" For Any Occasion Tel. 623-3377 CLOSED WEDNESDAY AFTERNOONS Le' 9Ioral At 133 Church Street Bowmanville Fresh Flower and Dried Flower Arrangements for FUNERALS - WEDDINGS HOSPITAL and HOME Be sure and take a look at our Bridal Showcase in our window. The Canadian Statesman, Bowmanville, March 24, 1976 3 One day a farmer came to pay his rent to a man whose love of money was very great. After settling the account, the farmer said, "I will give you a shilling if you will let me go down to the vault and have a look at your money." The farmer was permitted to see the piles of gola and silver in the miser'sbig chest. After gazing for a while the farmer said, "Now I am as well off as you are." CLOTHES CARE HINT: DO IT YOURSELF does not apply to the removal of spots and stains from your garments. Expert qualified attention is needed send them to your Dry Cleaner. MARCH IS RED CROSS MONTH Please be generous when your canvasser calis. Bnowmanville Cleaners Ltd. E ET 84 King St. W. 623-5520 7LOTI4S "We Specialize in Shirt CLEANER Laundering" The Unrustables GROSFILLEX FURNITURE - once in a lifetime investment. Virtually indestructible. Steel frame dipped in Rislan Nylon for a lifetime of wear. Exciting designs in modern or gracefully traditional. Come Rain or Shine Patio and Pool Side Mr. and Mrs. Walter Snider (right side of photo) celebrated their Golden Anniversary on February 20, and Mr. and Mrs. John Casey Montgomery (left) celebrated their 65th anniversary on February 22. Mrs. Montgomery and Mrs. Snider are daughters of the late Mr. and Mrs. William H. Nichols of the Ebenezer community. John Casey Montgomery was a resident for many years of the Solina area. His writings, entitled "The North Shore" and "Twenty-seven years on Square Field Farm" have been published in this newspaper in the recent past. He is the son of the late Mr. and Mrs. David Montgomery of Square Field Farm. Celebrating with Mr. and Mrs. Montgomery on their anniversary, were five generations. The couple had eight children, five of whom are living, 20 grandchildren, 23 great grandchildren and one great great grandchild. The Montgomeries live in Scarborough. "We Believe in Happy Customers!" At Roy Nichols Motors, the selling of fine automobiles is only the beginning .ee Our Factory-Trained Technicians are dedicated to providing you with the finest service available any here and we've been doing it for over 50 years! We Carry a Complete Range of GM Parts and Accessories. Our Service Department is open Tuesday evenings until 9:00 p.m. for your added convenience, "We're not satisfied until you are!" CALL 623-2556 or 728-6206 "'e MOTORS LTD. BOWMANVILLE "COURTESY FOR OVER HALF A CENTURY" 18 King St. E. Oshawa P pý qe jý hone 725-071 l