Winnipeg Free Press

Winnipeg Free Press (Newspaper) - February 14, 1975, Winnipeg, Manitoba Winnipeg free press Friday february 14, 1975 income tax tips pension plans Are discussed the questions and an Swers were supplied by the District taxation office. For further information please phone the taxation office. Q Are Canada pension plan or Quebec pension plan contributions compulsory a yes. The employer must deduct the required pm p 1 o y e e s contributions and remit the amount together with his Matching contribution to Revenue Canada taxation. Self employed persons must pay Canada pension plan contributions in instalments in the same manner As income tax payments. This does t apply if the worker is under 18, 70 or Over or has a disability or retire ment pension payable to him under the Canada pension plan or the Quebec pension plan. Q what action should i take if my employer has t deducted Canada pension plan contributions or unemployment insurance premiums j a if you Are employed j under a contract of service that is employee employer relationship the. Onus for making these deductions rests with the employer. First consult with your employer. If still not satisfied report this omission to the nearest District taxation of fice As soon As possible and in any event not later than apr 30 following the year the omis Sion occurred. Q must i contribute to the Canadian pension plan even though i la be receiving an old age pension this year a yes because this has reach 70 years of age you will be required to contribute to the plan on your self employed in come. Q is a disability pen s 1 o n under the Canada pension plan taxable what about a regular pen Sion under this plan a Sion both and a disability pen under the regular Canada pension pension plan Are income for tax Pur poses and therefore taxable. Q 1 contribute at my place of employment to a pension plan. However i want to have a larger pen Sion when i retire so i have also taken out a retirement savings plan with a Trust company. What is the maximum contribution that i can claim on my in come tax form for both of them a As an employee you Are allowed to deduct your contributions to the pension plan and your registered retirement savings plan up to a combined total of or 20 per cent of no bearing on your liability to contribute to the Canada pen Sion plan. Therefore until you 10utof every 2 Canadian adults Are overweight your earned income if it is less than q i am self employed and i pay into a registered retirement savings plan with an insurance com Pany. I have of salaried income and understand that i can claim for in come tax purposes a maximum of for my retirement savings plan. Is this Correct a if you Aren t covered by an employee pension plan you would be entitled to claim amounts into a registered retirement savings plan up to or 20 per cent of your earned income for the year whichever is less. It s a fact. Today More people Are eating or drinking so Many calories that they weigh More than their desirable weight. However in practical application Good nutrition is simple. It consists of eating a variety of foods in order to provide the Many nutrients we All need but not Over indulging. Following a sensible wholesome diet is essential but to help Speed the loss of excess weight Naran has formulated a special weight control regimen. The whole plan is included in every package. An exclusive liquid formulation that is taken with Grapefruit juice a Vitamin supple ment to help maintain Good health and a comprehensive Low calorie weekly food menu. Follow Label directions and take As needed. Naran is a simple easy regimen that can help you lose excess Bulky fat quickly before you Start on your Long term weight control diet. If you Are not completely satisfied with your first Purchase just return the empty Carton for your Money Back. Q i want to contribute to a registered retirement savings plan. I understand i am allowed a maximum of 20 per cent of my earned income or providing i am not covered by a registered pension plan at work. What i want to know is what is consid ered to be earned income in this situation a for purposes of the resp calculation earned in c o m e includes salary and wages tips and gratuities pen Sion income net income from self employment rental in come and other income such As Alimony less the employ ment expense deduction rental loss unemployment insurance premiums annual Union and professional dues and losses from self employment. If you were also covered by a registered pension plan the combined deductions for both plans Are limited to the lesser of or 20 per cent of earned income. For More detailed information Contact your District Taxa Tion office. Q do i have to be re tired to cancel my resp a no you can take out your Money anytime whether or not you Are still working. If you withdraw your Money you will be required to pay income tax on the full amount. Q How Long can i leave Money in an resp a the Only requirement is that you take your Money out before your 71st birthday. Q do i Ever pay in come tax on the Money put into As resp a yes. Income tax is paid Evhen you receive benefits from the resp or if you cancel it. Q can i Transfer my resp to another Organiza Tion without paying tax a yes. Register a new resp with the second organization then arrange that the funds from your old plan Are transferred directly into the new one. There is no tax if the entire proceeds Are transferred. The Naran liquid into a pint bottle ind add thou gel Grapefruit juice to fill tit bottle. Takt 2 tablespoonful a Day As needed. One Vitamin Pill per Day Ai a dietary supplement. The Dally Naran food plan menu. . Sign pact Cairo Router . State Secretary Henry Kis Singer signed an agreement thursday for economic Coop ration with Egypt under which it will receive Loans to buy american foodstuffs the Middle East news Agency reported. Foreign minister Ismail Fahmi signed for Egypt. Notice of Public meeting City of Winnipeg inner City joint Community committee Public notice is hereby Given that the inner City joint Community committee will consider the proposed 1975 current estimates for the inner City Community at a meeting to be held on monday february 17th 1975 at ., in the Council Chambers Council building civic Centre Winnipeg in accordance with the provisions of the City of Winnipeg act. The inner City joint Community is composed of the follow ing Community committees. Assiniboine Park fort Rouge Centennial lord Selkirk h. A. Youngson Midland clerk inner City joint Community committee q my husband died and i received a refund of the premiums lie had paid into a registered retire ment savings plan. Am i required to pay tax on the amount of this refund a a refund of premiums is treated As Ordinary income of the recipient. A refund of premiums received by an annuitant s spouse is not taxable in the spouse s hands if it is transferred within 60 Days from the end of the year to an other registered retirement savings plan. Q my wife is an employee covered by a registered pension plan. Her total contributions to her registered retirement savings plan Are limited to less her deductible contribution to the Rpp. I am self employed and do not have an resp. Can i still contribute to an resp in her name a the maximum you can Hunting rights wanted Ottawa up eskimos in the Northwest territories Are asking for the return of their Arctic islands Hunting preserve which was abolished by the territorial government in 1906. The land claims negotiating committee of inuit Tapir sat Eskimo brotherhood made the request during a meeting this week in Frobisher Bay. The preserve was established by the Federal government in 1926 and gradually expanded until it included most of the traditional Eskimo Hunting grounds. A request by the norwegian government to Hunt and fish in the Arctic islands was refused by Canada in 1930. However the territorial government saying it had consulted All affected Eskimo communities abolished the Reserve in 19g6. Re establishment of the deduct is the lesser of or j Arctic islands preserve would non smokers Washington Apas listed by a Man costumed As Abraham Lincoln a group caused gathered on the Capitol Steps this week to proclaim a non smokers Bill of rights. When we first formed people did t take us very said Clara Gouin the group s founder. But assert rights things Are changing. People Are beginning to recognize that non smokers have rights mrs. Gouin and about 20 other letters stand for group against smokers braved near freezing temperatures and a Light rain to wave anti smoking banners and dist rib letter bombs disguised As Valentine cards 20 per cent of your earned in come. Yes you May contribute loan resp of which your wife is the annuitant. Restore traditional inuit Hunt ing rights and protect such rights in the said inuit Tapir sat in a news release. Belfast terrorists mailed letter bombs disguised As Valentine cards to roman catholics in Belfast thursday. First reports said a 39-year-old woman and her seven year old daughter had been injured. The Irish Republican army Ira said it was not responsible for sending out the explosives and was observing the ceasefire that began monday evening. There was no immedi ate comment from protestant guerrilla groups. Three Valentine bombs each with a Green heart on the envelope and the letters walk with a Loving kiss on the Flap were discovered during the morning. One exploded and two were defused by army bomb experts. The first explosive was delivered to a Home in Belfast s Bally Murphy District. It was addressed to previous occupants of the House and exploded when opened injuring a housewife and her daughter. The second was discovered by members of a family in the same District already suspicious because of the first explosion. The third was found at the Central Post office in Bel fast. Earlier the British govern ment opened seven incident centres that it Hopes will pre vent the collapse of the new ceasefire. Ute buttons and leaflets to passersby. Bill Wall a financial management specialist for the . Department of housing and Urban development read the non smokers Bill of rights while wearing a Black frock coat boots and a Lin Coln like Beard. The Bill of rights said non smokers have the right to breathe clean air the right to speak out against smokers who Light up without their permission and the right to take action to discourage smokers from polluting the in his speech which was made to a handful of tourists and Capitol police Wall said at least 34 million americans have respiratory conditions made worse by tobacco smoke. Non smokers Are deprived of their Freedom of said Wall. They Are forced to inhale the tobacco smoke of others in All situations. In Haling tobacco smoke should not be a condition of holding a Job but it Public notice the City of Winnipeg Midland Community notice is hereby Given that the Midland Community committee will hold a Public meeting and Community conference at the Midland Community committee office 818 Portage Avenue at Tuesday february 18th, 1975. All residents of the Midland Community Are invited to at tend and participate in the election of citizens on the advisory group for resident representatives of the memorial Polo Park Sargent Park and Westminster wards self nominations accepted Geoff Dixon chairman Brian Corran Polo parti Ward Sargent Park Ward Robert Steen Bob Wilson Wett Lnater Ward memorial Ward the 1975 you deserve it. Festival Parade sunday february 16th, starts at ., from the legislative buildings Down Portage ave., Over Provencher Bridge to end in Provencher Park. Opening ceremonies in Provencher Park immediately following Parade around Queen crowning Gate sunday february 16th, at playhouse theatre Provencher Park Winter wonderland ice Castle ice sculptures Maze rides and slides real live Buffa Loand a trapper s Cabin with Story Telli no old timer Moccasin dance and Bonfire every night from to Spectacle Claude Leveillee monday february 17th, at Playhouse theatre admission trading posts Voyageur trading Post 340 Provencher blvd. From noon la Verendrye trading Post 614 Des neurons St. From L Auberge do Violon Provencher Nadeau from Casino 340 Provencher blvd. Roulette and Money wheels licence no 1090 every night from Saturday feb. 22 Fortl Rihori tout a fait Brand new Gerry Ziz in concert thursday Friday and saturday february 20, 21, and 22, at amphitheatre de St Boniface 200 la cathedrals entree holy Cross gym Monte Carlo Nite Friday february 21st, Casino licence no 1089 old time dance saturday february 22nd, prizes for Best Cost Rhes fiddly jigging contest sunday february 23rd, from to Governor s saturday february 22nd, Hotel fort Garry per couple the Canadian National Plossl saturday and sunday february 22 and 23, 1975 Winnipeg flood Way at St. Mary s Road organized by the Voyageur sled dog club Sanction applied for ;