Lethbridge Herald, The (Newspaper) - November 18, 1972, Lethbridge, Alberta
8 THE IFTHBRIDGE HERALD Saturday, November II, 1971 REGAL ILLEGALITIES Three generations of Queen Elizabeth's family were in trou- ble with the law this week. Earl Mounlbatten of Burma, left, her uncle, was fined for watering down the milk on his farm. The Earl of Lichfield, centre, her cousin, had his driving licence suspended for using his Rolls-Royce after drinking. Princess Anne, right, her daughter, was warned she might be prosecuted for speeding in her spwls car. No Christmas bonus this year Ontario's tax swap scheme really works TORONTO (CP) Anni-l- ment dwellers won't be their usual aovernment Christ- inas bonus Iliis year because a computer has determined that Ontario's big tax swap scheme really works. The swap, in which the prov- ince Mi-mils Income-tax credits to cffset property taxes, was in- troduced this year to replace shelto-exemplion grants. Inequality in the sheller-ex- emntion-grants and new alike got the same benefits, an average S60 re- the province to get into tax credits. Now, instead of refunds, which they got from apartment owners around Christm a s, apartment tenants must apply for the credits in their income- tax form. The first forms under lie new system will be filled out next sping. Although there has always been FI general view among and ccnnom.'sLs that property taxes we-e essive, a provincial study in Cueluh provided this week of OCO ponerty owners noted "sub- slrnlinled evidence" of the im- pact of this type of traditional tax. Under the credit formula, propei'lv miners a basic 500. add 10 per cent of their paid-up tax and deduct an amount equal to one per cent of laxable income. Apartment dwellers, roomers and other renters claim credits on a sim- ilar formula. It means that both ircome and property tax are laken inl.0 account in deteiTmn- ing credits, a system no other North American government employs. BASED ON PAY 'Ontario's credit system is based on ability to pay, with no restrictions on age or own- ership. Most tax-credit schemes in Europe and Ncrll] America, peticiilarly the are available only to the el- derly. Oregon has a scheme re- sembling OHario's old home- owners prant system. In Britain, a rating authority grants credits only to house- holders whose are greatly inceased though revaluation. Saskatchewan has a homeowner grant prnffram which in will provide a maximum of to resident homeownp-s. Alber- ta and Manitoba have a some- what similar program. To the delight of treasury offi- cifils, the Guelnh "analysis con- firmed that the tax-credit plan redistributes property tax burdens." eising the tax load on low-, and f'xed- income pesons, particularly pensioners. In Gue'ph, the computer tables showed that the aver- age 1972 credit will be for those earning below and J2 for those in the to brr.cket. For incomes above the tax credits have no appreciable impact. Guelph was chosen for the study because it was a repre- sentative community, and the first to upderro a com- plete reassessment of its residential properties based on market value. About 2.24 million properties in Ontario come under the tai- credit scheme this year. With an average value of in tax credits, total cost to the prov- ince will be about million. The shelter-grants system cost the province million in 1971-72. Student flow study slated EDMONTON (CP) Aiuaria is attempting to assess more accurately the flow of students into secondary levels of educa- tion, Jim Foster, minister of advanced education, said Thurs- day. He said universities, colleges and technical institutes tradi- tionally have projected their own enrolment figures, with the result that some programs are over-funded while others re- quire more staff and money. 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