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PORT PERRY, ONTARIO, THURSDAY, SEPTEMBER 10th, 1942 | - 1. Question: WHO MUST PAY? Answer: All persons in receipt of incomes over $660. single--or $1200 married. 2. Question: WHAT FORMS DO YOU HAVE TO FILL OUT? "Answere Unless you are single, without de- pendents, and not making payments for allowable personal savings (lem SD), you should file Form TD-1 with your 'employer. , Otherwise he must deduct the amounts pro- vided by the Table of Tax Deductions for a single person without dependents or personal savings. f 24 or more of your income comes from salary or wages, you must file your 1942 Income Return by 30th September 1943. If your in- come is not over $5,000, including not over $100 from investments, you will use Form T1-Special; otherwise you will use Form T.). 3. Question: WHEN AND HOW 1S YOUR TAX COLLECTED? Answer: Your employer is required by law to make deductions from your salary or wages on account of your 1942 tax during the period September 1942 to August 1943. Each deduc- tion must be the amount provided by the official Table of Tax Deductions for your current rate of pay, and family status and per- sonal savings as declared on Form TD-1 (lem 2 above). The Table is designed to collect about 90% of the tx on your salary or wages, leaving a balance of not more than 10%, in most cases, (plus tax on your other income, if any) 'to be pad with your Income Return to be filed in September 1943. I your salary or wages are less than 3 of . your mncume, you must pay tax on your other incume by compulsory instalments. (See Pare 11 below). 4. Question: WHAT {ONSTITUTES TAXABLE INCOME? Ausier: Your income is made up of your full salary or wages before any deductions whatso- ever, plus living allowances, gratuities or bonuses (including cost' of living bonus) and the value of any board, living quarters or sup- plies, ete. given you by your employer. It also includes such receipts as interest and dividends, PART I - As it Affects A booklet entitled "YOUR 1942 INCOME TAX" will be available shortly at offices of Inspectors of Income Tax. dollar). m) Singhe-- T3800--7% $3000--8% (2) Married (or equivalent status) -- with (B) Graduated Tax-- . (1) On first $660 of taxable income--No T: 30% on next § 500 85% on excess over $100,000 (2) Married (or credit--3$150 . (3) Dependents--rax to $80 equivalent credit for each-- $1500 without exemptions. NOTES tax (ie, after credit for dependent "below $660 single or $1200 marsied. 2) «earns does not affect her husband's rig husband's income is less than $660. your taxable income from the first to the last with taxable income between $660 and with taxable income between $1800 and with taxable income over $3000--9% taxable income over $1200--7% (3) Dependents--tax credit for each--$28 55%, on next § 4,000 status) --fax (C) Surtax--49% on investment income eves (1) In no caw ase you required to pay a met ;which would reduce your taxable income If a wife has unearned income over $660, then both she and her husband are taxable as single persons, but any amount a wife to be taxed as a married person. A married woman is taxed as a single person under all circumstances except only when her THE NEW INCOME TAX account of-- (1) an approved employees' union) superannuation, or pension fund; (2) \ Income Tax); i _ ponable without substantial forfeiture; and (4 ~ or agreement of sale, existing property; ax. Income Return. 33% on next 500 | 60% on next 7,000 | (E) National Defence Tax-- 37% on néxc 1000 | 65% on next 10,000 This tax does not apply after 31st August, 41%, on next 1500 | 70% on next 20,000 1942. The deductions made during porig sIo0 7 2 20.000 January to August 1942 apply as a pay- Do REx 3% on next 20, ment on account of your 1942 tax. 10% on next 3000 | 80% on next 30,000 TAX IS SAVINGS? Answer: op (1) Single--the lesser of Graduated -Tax-and Surtax; (b) 8% of your taxable income dependent each). 1) lesser of Graduated Tax and Surtax; (b) 10% of your taxable income Foldass (maximum he each). terest, after the war. EXAMPLES OF AMOUNTS PAYABLE ON 1942 EARNED INCOME (D) Tax Credit for Personal Savings-- You may'deduct from the savings portion of your tax (Item 6) 1942 payments on (or trade retirement premiums on life insurance policies issued prior to 23rd June 1942 Gf . issued after that date ask your in- surance company or [Inspector of annuity or savings poligies not post- principal payments on a mortgage 23rd June, 1942, on one residential provided (a) they do not exceed the savings portion and (b) receipts are pro- duced for the payments when filing your ~ 6. Question: HOW. MUCH OF YOUR (3) Y the total of your Normal Tax, mum $800) plus 1% for each (maximum $100" for (2) Married (or equivalent status) --the (a) V2 the total of your Normal Tax, , mum $1000) plus 19 for each de- $100 You will get back the savings portion of your tax which you actually pay, plus 2% in- SALARY AND WAGE EARNERS i loss or prior to or (maxi- or (maxi- for rents (after taxes, repairs, etc.), royalties and 7. ¥ annuities. From your total income you deduct (after allowing for National Defence Tax actually deducted Jan.-Aug. 1942) payments (up to $300) into certain types of 5 employees" superannuation or pension funds, charitable donations up to 10% of your income, SINGLE -NO DEPENDENTS MARRIED -- NO DEPENDENTS | "MARRIED -- 2 DEPENDENTS and medical expenses over 5% of your income {maximum--4$400 single, $600 married, lus 0s Tax Jsvome Pte) Tax baron aa Tax dncivome vu $100 for each dependent up to four), to find the amount of your taxable income. 23 a3 $ (3p om go -- -- 5. HOW MUCH DO YOU | 2% Sor 46 Hide | OCHRE | aS | tame | tere 1] ) * . : : ; 5 Purest oni, 2,500 209.13 509.13 367.46 "317.46 318113 160.73 PAY: HO He | oma | mE mE Bd) id ; ) 1 . ,007. . 4 RB 'Amwer: (A) Normal Tax--(whichever rate 1,000 1,407.73 1,087.73 1,231.06 8. C043 | seri: is applicable is applied to the full amount_of- 5,000 J 1:804:67-- 1 1.494.672 1.71133 §,211.33 1,522.00 922.00 (Such as | i ---- es --_-- BREAD ART. J EMISON Phone Sia JEMISON'S BAKERY THE HOME OF GOOD BAKING BUNS PRESH DAILY IN SEASONAL VARIETY DELIVERY--PHONE 98 Don't Wait Until You' re Half Frozen-- Buy Next Winter's Coal at Once Have your coal bins filled this summer, 80 that you will have no worry about rationing lateron, Buy coal on the Government CreditPlan, giving up to nine months to pay. Ask for information from your-- BLUE COAL DEALER REESOR'S FUEL & LUMBER PORT PERRY, ONTARIO. PASTRY / PROPRIETOR of salvage on Thursda Port Perr SALVAGE Arrangements have been made. for the' collection afternoon of each week, and immediate district, 50 or 86 if you have anything read Rubber, Iron, Rags, Paper Rubber is particu arly need Please hone > for collection-- Gproperly tied in bundles) to HOARD Itis now ILLEGAL scrap steel "PART I- 4s it Affects fens] 1 October 1942. . Remittance --be---sent--in--with --your--payments;, may -- & PAYMENTS--You must pay your 1942 income tax by quarterly instalments beginning on the fifteenth day of Form T.7-B Individuals, be secured" from or pr men, investors, and pers Inspectors of 2. to PERSONS OTHER THAN SALARY and WAGE EARNERS ons on commission) Income Tax some Note:--Items I, 4, 5 and 6 of Part I also "bp. Ea roy & <« basis, it Is your responsibility to d wages you pay, Sorninanding with the first pay send the amounts deducted to pay-day. There are severe pena IF YOU ARE AN EMPLOYER paying any person on a dally, weekly, Nonny or any other ax Jove Inspector of tles Jexiod beginning a September, ncome Tax within one week from the for failure to deduct or remit, If yon "to your obligatlons to deduct, communicate with your Inspector of Incom e salaries or and in doubt as. Tax at once. COLIN GIBSON, Minister of National Revenue POMINION OF CANADA - DEPARTMENT OF NATIONAL REVENUE INCOME TAX DIVISION ~~~ CUT THIS ADVERTISEMENT OUT FOR FUTURE REFERENCE time in September. RETURNS--You file your 1942 Income Return on Form T.1, on or before the thirtieth day of April 1943, C. FRASER ELLIOTT, * Commissioner of Income Ten . "or UNUSABLE machinery The Steel Controties has ordered that, after September 15,1942, n0 person may retain in his possession scrap iron or steel weighing a total of 500 pounds or more unless he has a permit. machin. (For the purposes of the new (tele: The order also provides: 20 days. Building, Toronto. used in manufacturing. The Women's Missionary Society held their monthly meeting on Tues- day afternoon this week. Mr and Mis; daughter Ruby, of Toronto, spent Sunday and Labor Day with Mr, and Mrs. Henry Fielding. Miss Arlyne Forsyth, of Toronto, was the guest of Mr, and Mrs. Earl Beadle recently. Mr. and Mrs, R. D. Sherwin and ASHBURN ~------------Burns--€hurch- Sunday School -AVAS fairly well attended on September 6th. Miss Catherine Fisher gave a talk in- stead of the usual illustrated lesson on blackboard, Mr. Lyle Sherwin sang a sacred solo. At evening ser- vice, Rev:-J, A. McMillan took for his text the words "Thy will be done", Tou Fielding and | taken from the-Lord's Prayer and in keeping with the King's desire that the time be a day of national prayer. The pastor lead the congregation in intercession to God for the whole world that men everywhere may be led by God's Holy Spirit to do His will and only as we all personally do this, can the world have a permanent and lasting peace, . At the conclusion of the sermon, an impressive service was conducted by the pastor when Messrs; Norman John Anderson and Edgar Robert Heron were inducted as elders for Burns Church /songre- son Lyle visited relatives at" Cobourg on Monday afternoon, Miss Doreen Isaac returning with them, after an enjoyable vacation with relatives. Mr. Lawrence Doble and friend, Miss Pear] Barrett, of Toronto, visited with his parents, Mr. and Mrs. Henry Doble, during the week. Miss Georgia Reynolds was the guest of her- cousin, Mrs. Trout, at Centre Island, Toronto, over Sunday. Miss Glenys Stephen takes up her new duties as teacher of - Conlin's School north of Oshawa this week. Her friends wish her every success. gation. Mr. and Mrs. Duchemin, of Myrtle, were visitors- with Mr. Fred Besdls recently. |___ Oshawa -relatives--visited--Mr--and1 Mrs. Leonard Clark recently, The young people are planning a weiner roast in the near future, We feel sure they will have a pleasant time. PROSPECT Miss Marian Smith, of Taronto, spent the holiday at her home Here. There are some of the boys in this community who have been called for the Army, among them are Messrs. Lloyd Smith and Bruce Holtby. Mr, L. Diamond, Mrs. P. Diamond and Mr. and Mrs. E. Diamond and family were visiting with friends' at Quaker Hill on Sunday. Miss Thompson, Mr. Grégg, Mrs. McCulloch and Miss Edith McCulloch and the Misses Gilbert, all of Toronto, uy were holiday visitors of Mr, and Mrs, Wm. Holtby. ker_were in Orono recently attending a funeral,' Mr. and Mrs, Robert Vernon, of Port Perry and" Mr, Ronald Vernon, of Oshawa, were visitors at the home of their parents, on Sunday. Mr. Wm. Perry made a business trip to Toronto recently," Threshing is the order of the day in this community, Mr. and Mrs. Albert Blatch and (daughters, of Oshawa, spent the holi- day with Mr. Wm. Armstrong. Mr, and Mrs. Jack Holliday 'and children, of Toronto, were spending their vacation at the home of Mr. J. Hemingway. Mr. Ernest Gilroy, of Fort Erle, spending the holiday with his "phrents, Mr, J. Hemingway, Mrs. J. Holliday and Miss B. Holliday attended the wadding of Mr. Esch and Miss Ada Ralston in Toronto on Saturday. Mr" Li Diamond -ard-Mrs: Ho Wat] -- "EPSOM Infracti ery, structural steel, or any other article or commodity containing iron or steel, which is not ATV an immediate vital purpose. y : 'That anyone, coming into possession after September 15 of scrap iron or steel weighing 500 pounds or more, must dispose of it within = ~~ That any person-having a valid reason for not-disposing of scrap metal as scrap metal or who believes that it can serve some essential . purpose, must send in a report by September 15 to the Used Goods Administrator of the Wartime Prices and Trade Board, Lumsden His report must reveal the exact descelption, quantity, and location of his scrap metal. = The Provisions of the order do not apply to scrap dealers who afé 4 already subject to previous orders; nor do they affect metal fabri- catots and processors who 'are in legal possession of mata) to be A copy of the order, S.C. 16, may be obtained from the Stezl Controller, Departiient of Mimi and Supply, Ottawa; - scrap metal includ i ye 1 are subject to of the new r The Epsom Baichre Club are having a "Weiner Roast" in Memory Hall, Utica, on Friday night, Sept. 11th, and would like to see a large attendance. Admission 25 cents for everybody. Quite a number from here attend- ed the W. A. at Utica last Thursday afternoon. The sympathy of 'the i" fo five years, or both a fing of Up to $5,000, or impr Department of Munitions and Supply HONOURABLE OC, D. HOWE, MINISTER _fine and 4 imprivnoment. ELLE is extended to the family of the late Mrs. Edwin Christie, The three Sunday Schools on this circuit will meet at Utica next Sun- 'day afternoon, Sept. 18th, Mr. and Mrs. John Stone visited Awith Mr. and Mrs, Ray Medd last Fri- day. . Mr.] 8nd Mrs. 'Gordon Miller and Mrs, len Sonley at Mr. and Mrs, Joel Miller's on Sunday. Pte.-Gordon MacDonald has return- ed to Camp Borden after spending]. two weeks furlough at his home. Mr, Robert Howaam spent last week with his cousin: at Altona, Mr, Wes. Cutting, Miss Reba Cut- ting and Mr, Beach, all of Uxbridge at Mr. and Mrs, Walter Howsam's on Sunday, Mr, and Mrs. "Roy Slack at Mr. and Mrs. Frank Millman's on Sunday. Mrs, Margaret 'Ashton at Mr, and Mrs. Herman Kerry's this week. Mr. Ivan Rogers celebrated his birthday at home on Sunday. Master Raymond Kerry spent the week-end with his eousin, 'Douglas Ashton at Ashburn, . Mr, and Mrs, Walter Asling and ~ [ family and. Mr. and Mrs. Jack Hill spent the week-énd at Pigeon Lake, Mr. and - Mrs, Donald .Asling in Lindsay on Sunday. Mr, and Mrs. M. Hodgson and Mr. and Mrs. Douglas McKinlgy at Mr, John Billey's on Monday, Miss Doris Wadge, Ottaws, with Miss Jean MacDonald on Sunday. Mr, and Mrs. Cyril Clark and fa- mily, Brampton, visited relatives here on Sunday. Mrs. Drew. MeCulloch spent. part of last week in Toronto, ap ni