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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 22, 1973, Lethbridge, Alberta 10 THi LETHBRIDCE HKAID _ Thursday, March 12. 1973 CLEAN1NC EVENT AT SAFEWAY BRISTOL MYERS PRODUCTS ARE HERE TO HELP THE HOMEMAKER AUTOMATIC TOILET BOWL CLEANER 6V4 or. net wt. VANISH EXTRA SAVING DUST CONTROL AEROSOL NDUST SAFEWAY PRICES Fabric IU 0, 1 -69 Bowl Cleaner 34 net wt. tm Spray Starch QMt Drain Cleaner Fabric Sizing clide uox.net wt. tin 69 Furniture Polish 6Vi Glass Cleaner Aerosol 20 n OI. Cleaner Refill windex 20 12 fl. oi. bottle EXTRA SAVING ea. IU 0, net wt. tm 36 uox.net wt. tin SCOTTY SPONGE MOPS and REFILLS EXTRA SAVING Refills EXTRA SAVING.........BO. I i y O' CEDAR PRODUCTS AT SAFEWAY PRICES Mops Squeeie sponse ea 2'98 Mops A UB 2'98 Refills gr 1 39 Brooms floorMas ea 2 19 EXTRA SAVINGS ON FAMOUS BRANDS Pine Liquid Cleaner Lestoil Al, Purpose fl. Spray Starch Easy.on 20 net wt. tin Automatic Bowl Cleaner Dairity Bowi fl WindOW Spray Ammonia IS net wt. tin Liquid Detergent Fr.nch Mard No Phosphate u n. M. 2 Dishwasher Compound CalgoBiw Liquid Bleach French Mald All Purpose Cleaner wow llquld fl. M blle. 790 SAFEWAY PRICES 16 II. oz. lin 1 -89 Furniture Brooms Touc'h cm 2.39 Softener 64 fl. u 79c Qv'en Aeroiol 14or. nelwf. lin SAFEWAY PRICES JB 1 -25 64 fl. iug 32 Fl. u. bile 29t 20 wt. tin 39c Wash Liquid wau, t 69c Cleaner Toiw1 Aerowax D.II-L Aerowax Furniture wax LiVJid ,4 ,in63c Polish 9 tin PRICES EFFECTIVE IN LETHBRIDGE MARCH 22 24. We Reserve The Right To Limit Quantities. SAFEWAY CANADA SAFEWAY LIMITED Tax return tips For further Information, all the District Taxation 01- icc.. If you live in a loll area, isk your long-distance opera- or for ZENITH (MOM and your call will be placed with- out cl.urge. Q. I operate a business and ease a car for One oi my sales- >en who is allowed to take lha ar home nightly. He also has a econd car of his own. Does this n-angement constitute a tax- b'c benefit to Uie salesman, nd if so, how do I determine dollar amount of the bene- it? A. Where an employer make: an automobile available to an mployee for his personal use which includes travel to and rom work) the benefit is tax- able in the hands oi the em- >loyee. Tlic value of the automobile charge benefit is deter- mined as follows: One-third of the total lease charges paid multiplied by the xaction of: the number of days the car was made available to the em- ployee in the year over the number of days in the year. For example: If tlie lease cbarge was and the salesman had the car available for his personal use for 200 days during the year, the tax. able benefit for automobile standby charges would be: 1-3 x x 200-365 equals The automobile stand- by charge would be added to the salesman's salary and in- dicated as a taxable benefit in box L of his T4 slip. Q. I am 25 years old and re- ceived a gift from my father of shares valued at What is the gift tax or other taxes involved and who is required lo pay them? A. ,First of all there is no longer any federal gift tax (cer- tain Provinces still levy gift If the fair market value of shares at the due of the gift was greater than their cost to your father or their fair mar- must report the amount of my lips as income. Will I be allow- ed to pay in extra Canada Pen- sion contributions as this would allow me to receive maximum benefits? A. Yea, you may make addi- tional Canada Pension Plan contributions based on the in- come you have received in tips. You may make contributions on the additional income you have earned in tips, at a rate of 3.6 per cent. End to oil, gas giveaway condition urged Q. I have been house for several renting a years and have claimed capital cost al- lowance as a deduction from the rental income received. In claiming the capital cost allow- ance, I arrived at a rental loss each year and subtracted tlie from my salary determining my rental loss earnings in taxable income for the year. Will the new tax law allow similar claims in 1972 and fu- ture years? A. No. Under the provisions of the new Act, losses created or increased by claiming capi- tal cost allowance on rental property will not be deductible from non-rental income. In oth- er words, capital _cost allow- ance on rental properties may be claimed only to the extent that the amount claimed does rot create or increase the tax- payer's net rental loss for the year. VANCOUVER (CP) university of British Columbia professors say a "giveaway" condition in oil and natural gas leases must be terminated. Andrew J. Thompson and Mi- chael J. L. Crommelin said a complete redrafting of oil and natural gas lease terms and conditions is needed as a result of 1961 federal legislation. They spoke at a session In a series of meetings studying the exportation of Canada's north- ern energy resources. They said the legislation is be- ing reconsidered, but added there are indications the fed- eral government will not go far enough in revision. Lack of control because of permit and leasing conditions and lack of revenue from a small royalty share for the gov- ernment were cited as reasons for change. A Mackenzie delta gas pipe- line with a capacity of 4.5 bU lion'cubic feet daily obtained in equal portions from Alaska and Canada would produce royal ties of million for Alaska and only million for Canad n the first three years of pro- duction, they said. "The Canadian government would then receive million annually and the Alaska gov- ernment million said Mr. Crommelin. "Over a 10-year period Cana- dian gas revenues would be million less than those in Alas- ka." A similar oil pipeline, with a million barrel-a-day capac- ity would produce million for Canada during the first three years while yielding million for Alherta. After the first Hires years, the Canadian government would receive 'million an- nual ly, compared with million in Alberta. Mr. Crommelin said gas and oil must be utilized for the pub- lic benefit, and the 1961 legisla- tion is not iu the public inter- est. Rights given in 1961 are of ex- cessive duration and can ba made to last into the next cen- tury without any work being done with rights to another 21 years of reissue where com- mercial production is obtained, ot value on Valuation Day, he be required lo include 50 er cent of the increase in val c in his income and pay ome tax thereon. Caucer awards are increased TORONTO (CP) The Na- tional Cancer Institute of Can- ada has awarded for cancer research programs this year. The awards, are about mil- lion more than last year. Most of the funds will come from the Cancer Society's annual cam- paign drive. British Columbia scientists Saskatchewan Manitoba On- tario Quebec Nova Sootia l and Newfoundland S23.8C5. The largest grant goes to the a waitress I receive ips as well as. salary. My Canada Pension Plan contrlbu- lons have been calculated on basic salary only. I know I cancer research unit at the Uni- versity of Wester.i Ontario. Dr. J. A. McCarter will get for research on viruses and their link with cancer. BUY with CONFIDENCE Drive with Pride John Sinclair, one of Beny's respected experienced soles- men, is anxious to give his customers the BENY RED CAR- PET TREATMENT. He invites you to see him now on of ihe 1973 demonstrators be- ing offered. Deal with Beny -you'll BENY-fit. ASK ABOUT THE MILE NEW CAS POWERTRAIN LUBRICATION GUARANTEE. __________________ JOHN SINCLAIR LIFETIME OK WARRANTY ON OUR QUALITY USED CARS AND TRUCKS CHEVROLET OLDSMOBIUE PHONE 328-1101 OK SUPERMARKET IOT MAIN GARAGE anil SHOWROOM START AT J HARDWARE STORES ROTO-RAKE BARS Adaptable to all single-blade rolary mowers. A tough job made easy. Loosens and rakes all dead grass allowing lawn to breath. FERTILIZER ELEPHANT BRAND 16-20-0 Total nitrogen 16% available phosphoric acid 20% 50-lb. bag 3-29 SPRING SPECIAL EACH.......... 3 .99 MULTI-PURPOSE RAKE The most efficien) ]awn rake made. 15" head 21 teeth. 5 ft. handle, SPRING SPECIAL, EA. 6-29 ROTO-RAKE REPLACEMENT TEETH PAIR 98 COMET GARDEN BOW RAKE 14-footh bow pattern 'head. Has handle. The ideal general purpose rake. SPRING SPECIAL, EA.......... COME IN AND SEE THE 1973 MODEL LAWN MOWERS IN GAS AND ELECTRICS FIVE GREAT NAMES TO CHOOSE FROM: TORO JACOBSEN GENERAL ELECTRIC SUNBEAM M.T.D. Starf the year with a lawn mower trade in your old on a new one now. COMET ROUND POINT LONG HANDLED SHOVEL 854" x 12" heat treated polished blade with 48" long handle. SPRING SPECIAL, EA.......... 4-49 LAWN SEED GARDEN SEEDS FLOWER SEEDS, ETC. YOUR PRO STORES FOR HARD-TO-FIND HARDWARE TWO LOCATIONS TO SERVE YOU DOWNTOWN 606-608 3rd Ave. S. Phone 327-5767 NORTH LETHBRIDGI 324 13fh Street North Phone 328-4441 ;