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Section Two The Canadian Statesman, Bowmanvillc, Wednesday, September 21,1994 7 Correspondent - Saturday visitors with Mr. and Mrs. Dick Howe were Mrs. Sherry Howe, Michael and Gregory, New- tonville, Mr. Norman Howe, Whitby, Tim and Tracy Howe and family, Newcastle, and on Sunday Dick and Barb visited Mr. and Mrs. Fred Ca- shin, Orono. Mr. and Mrs. Clarence Avery were recent visitors of Mr. and Mrs. Jim McLaughlin. Miss Jenny Hall, Bayfield is spending a couple of weeks with Mr. and Mrs. Ralph Virtue. Gordon Stevens and Clara Page accompanied Velma Griffin to visit Cora Weam, Whitby, recently. The Darlington Soft Ball Tourna- Today at CM Goodwrench the price on the ground is the price on the hoist. Period. _ MIRE. OIL & FILTER dome imlessthah 19 MINUTES OR THE NEXT OHE'S FREE! INCLUDES • Replace filter, brakes ' p0W6r Goodwrench premium oil • Check and t mission . Complete inspection: windshield wiper, differential, hare « ' drive belt, batter)', lights and indicators MA NTENANCE TUNE-UP CM APPROVED PARK AND LABOUR COME WITH A12 MONTH WARRANTY WITH INSTALLATION. ' * INCLUDES • Replace Spark Plugs • Check: air and fuel filters, belts, hoses, PCV, ignition wires and cap • Visual battery check • Electronic engine analysis • Road test * Applicable to most GM vehicles. Applicable taxes are extra. Dealer may sell for less. BRAKE SERVICE ALL GM-APPROVED PARTS AND LABOUR ARE GUARANTEED FOR 12 MONTHS. • Replace front pads • Brake fluid included • Inspect master cylinder, caliper, rotors and rear brakes • Check brake lines, wheels, emergency brakes, tires and brake lights • Road test ' Applicable to most GM vehicles. Applicable taxes are extra. Dealer may sell for less. GOODWRENCH EXHAUST SYSTEM MUFFLER GUARANTEED FOR AS LONG AS YOU OWN YOUR VEHICLE. f* INCLUDES • Replace: intennediate pipe, muffler, tail pipe and clamps • "All other" parts and labour guaranteed for 12 months • Specifically designed for GM vehicles . ' 1987-89 Caviilier/Sunbird with a single outlet. Applicable taxes arc extra. Dealer may Sell for less. Sec dealer for details. Goodwrench \ Service/^ 7 EXPERT SERVICE • HONEST PRICES NOBODY KNOWS YOUR VEHICLE BETTER THAN YOUR CM GOODWRENCH DEALER. ment was held on the weekend. The Darlington Mixed Nuts team won 1st place. Anne Comellier plays on this team. Mr. and Mrs. Ron Somberger, Alexandra and Jessica were Sunday lunch guests of Mr. and Mrs. Ian Nielsen-Jones, Chris, Alison and Eric, Aurora. Sally Hubert, Toronto, was a visitor visitor with Mr. and Mrs. Dale McGill and family. Mrs. Violet Naylor, Columbus and Mrs. Isobel Dixon, Ashbum were Wednesday evening dinner guests of Miss Myrtle Tamblyn and Mrs. Wilfrid Wilfrid Bowman celebrating Isobel and Ella's birthdays. Myrtle and Ella accompanied accompanied Mrs. Russell Best, Solina, Mr. and Mrs. Eric Bowman, Dianne and Aaron to the Murray House in Port Peny for dinner on Friday evening evening celebrating Jenny and Eric's wedding anniversary and the two mothers' birthdays. Congratulations folks. Please keep September 25th open for the Craft Show at the Enniskillen Conservation Area in the afternoon. On Sunday October 2nd World Wide Communion will be celebrated on this day also the Covenanting Service Service for Reverend Paul Boughton will be held at the Enniskillen Church at 7:00 p.m. Donations of vegetables, fruits and non-perishable foods are requested for the October 9th Thanksgiving Day Service. On Sunday, October 9th Thanksgiving Thanksgiving Day everyone is encouraged to bring gifts of food, vegetables, fmits, non-perishable food etc. to put on our Harvest Tables. All goods received received in Enniskillen will be taken to the Hostel Services. Another successful Lob Ball season season has concluded in both the men's and ladies country Lob Ball leagues. The ladies winners are as follows: A Division Courtice Brandom; B Division Division Solina Steelers; C Division Burketon Bee's; D Division Hamp : ton Heb, E Division Enniskillen Store. The Men's winners are as follows: A Division Solina Nailers; A Runner- up Hampton Restaurant; B Division Enniskillen Pineridge; C Division Courtice; D Division Hampton Tony's; E Division Enniskillen Jensen. Jensen. Congratulations to all the winners. If you are new to Bowmanville... would like to call on you with Housewarming Gifts and information about your new location. Call Your Hi Neighbour Hostess Marie Hodge at 623-7452 OMB Decision on Plaza Not Expected Until 1995 Clarington's Planning Director says the municipality probably won't have a decision from the Ontario Ontario Municipal Board on the Mark- borough Plaza until early 1995. On Thursday morning, Sept. 15, Frank Wu told The Clarington Independent Independent the final stages of the hearing hearing into the plaza proposed for Highway Two, west of Bowmanville, Bowmanville, are set to take place in November. November. "If all things go well,...the lawyers lawyers will probably give their arguments arguments during two or three weeks in November," the director said. After that, the board members will review all the evidence and come to a decision, he said. © "However, it will be next year, in terms of any written decision from the board," Wu noted. The OMB hearing began Jan. 31, 1994. However, it has recessed several several times. Originally, the hearing was to take only 10 weeks. Wu expects expects that it will wrap up sometime in November. It began in the Clarington Council Council Chambers in Bowmanville, but was moved to the Regional Council Chambers in Whitby The hearing focuses on a number of issues, including whether or not a 200,000-square foot plaza is too big for the Bowmanville area to support. support. by Brian Costello YEAR END TAX PLANNING 1 Thanks to inclusions in the February, 1994 federal budget, year end tax planning is going to be an even more important chore this fall. It is imperative that taxpayers assess their positions early in the fall as some strategies demand substantial work and some of the vehicles historically used at this time of year are cancelled, altered or in extremely short supply. Historically, those who act first get the best quality tax shelters. Those who wait, get stuck with the lesser quality leftovers. Seniors are hurt more than most as the clawback of the age 65 tax deduction is triggered at a much lower rate than any of the other social benefits. To help with your year end tax planning, it's a must to know the tax deductions that are available and the levels at which they are restricted. With this information and an assessment of your salary and other income you can guestimate your tax situation before year end and make plans to reduce some of your obligation before year end. Remember, all tax deductions, with the exception of the RRSP, must be io place before year end. Too often, we think about tax planning àt the end of February when we are contributing to our RRSPs or later when we are doing our tax returns. By then, it's too late, the year end has passed. While we have some inflation, indexing of our personal exemptions only clicks in after inflation exceeds three percent. In Quebec there is no indexing at all. As a result, many Canadians will have salary increases that are meant to offset inflation. But, without indexing they will be wiped out by the combination of inflation and taxation. The RRSP contribution limits for 1994 are 18% of your earned . income in 1993. Don't forget, though, that retiring bonuses qualify on top of these limits. And, for the last year you are allowed to rollover any amount of work related pension you earn to a maximum of $6000 into a spousal RRSP. The clawback of Old Age Security clicks in at the same $53,215 this year. Unemployment insurance is clawed back once your Net Income exceeds $60, 840. If you pay child care expenses so you can work, the lower income spouse qualifies to claim up to $5,000 per child under age seven and $3,000 for children age seven to fourteen. You must actually pay the expenses but you don't have to specifically allocate them to each child. If, for example you had two young children at any time in the year, even if one was born on New Year's Eve, you would qualify to claim up to $10,000 in child care expenses. . Each of us qualifies for a personal exemption. Because inflation stayed below three percent there is no increase this year. As a result the first $6,456 of income is tax free. If you are married you get an additional $5,380 deduction for your spouse provided he or she earned less than $538 in Net Income. Those age 65 and older qualify for a $3,482 age deduction. Remember though, that once your Net Income exceeds $26,000 you will be clawed back on this deduction. If you suffer from a disability that markedly restricts your normal lifestyle you can qualify for a $4,233 disability deduction. While most medical bills including insurance premiums paid to non-government plans are tax deductible, they can only be used when they exceed $1,614 in 1994. You can use any twelve month period you wish. However, this is the time to start calculating your bills. If you find you are a little shy of the $1,614 threshold level you may want to schedule some dental work or fill prescriptions or have some voluntary work done. If you wait until next year, you will have to start all over again to exceed the $1,614 threshold level. You should also determine whether you are going to have tax deductions that you have already incurred. Things like interest expense on investment loans, safekeeping charges, Canada Savings Bond payroll deduction expenses and deductions that are a carry over from investments purchased in past years. It's not unusual for tax saving devices like mutual fund limited partnerships to spread their tax relief over several years. You don't want to forget these deductions and as a result, buy extra ones that won't be useful. Now's the time to assess your charitable donation numbers. Once you exceed $200 the value of donating to charities almost doubles. If you normally give only two hundred dollars you might want to double it this year but skip next year. Four hundred dollars in one year will give you much more relief than $200 a year for two i years. ■ ■ ■