Terrace Bay Public Library Digital Collections

Terrace Bay News, 11 Feb 1965, p. 1

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Vol.8, No.6 LOCAL LEGION RINK DISTRICT CHAMPIONS A local rink won the Royal Canadian Legion dis- trict bonspiel in Marathon over the weekend and will now represent Northwestern Ontario in Pine Falls, Manitoba on February 19 - 20 and 2Ist where they will play against eight Manitoba district rinks for the right to represent Manitoba and N'western Ontario in the Legion Dominion Playoffs in Drum- mondville, Quebec. Personnel of the rink are Hugh Hamilton, skip - Harry Gusul, third - Cliff Woods, second and Jim Clancy, lead. In addition to winning the District Tophy the quartet were presented with Gruen Wristwatches and crests, courtesy of Labatts. NAVY LEAGUE TO SHOW "THE CRUEL SEA" R.C.S.C.C. Superior, Terrace Bay, will be show- ing "The Cruel Sea" a J.Arthur Rank production, at the High School Auditorium on February I9th at 8.00 P.M. This movie is.a full length film and will be shown free to all residents of Terrace Bay and Schreiber on behalf of the Terrace Bay Navy League. The film was a nominee for an Academy Award and will certainly be well worth seeing K-C E.C.F ANNUAL MEETING HELD The Annual Meeting of members of the Kimberly- Clark Employees' Charity Fund was held in the Rec- reation Centre on February 2nd. Chairman, W.Baillie, in his annual report, stated that $5,773 was collected and distributed during 1964. He reported a total membership of 428 repre- senting approximately 81% of the Kimberly-Clark payroll. As a result of the recent campaign to in- crease membership, 57 members increased their monthly contributions by 50 cents or more and six new members signed up. All members of the Board of Directors were returned to office for 1965 by acclamation. W.Baillie con- tinues as Chairman, J.Duncan as Vice-Chairman | and J.K.MacDonald as Secretary-Treasurer. The Directors are Mrs.C .Buck, R.Harris, G.Ramsay, V. Hopper, B.Hayes, and J.Marcella. J.Heenan was appointed auditor. Saturday, February 28th - at midnight - is the deadline for getting those 1965 license plates. Act NOW. INCOME TAX INFORMATION (Ottawa) The Federal Department of National Revenue is reminding charitable organizations of Information Bulletin No.I7 of December 1962 which deals with charitable donations and clarifies what is, and what is not, allowable under the Income Tax Act. The bulletin is available to all charitable organizations, including churches, on request from the local District Taxation Offices. "Test-checks in different parts of the country have shown that some taxpayers are making claims to which they are not entitled," said the Minister, the Hon.E.J.Benson. "I think this is due, in most : cases, to a misunderstanding of the law. However, some taxpayers are submitting claims for donations they didn't really make." Mr .Benson went on to restate the Department's policy that every taxpayer must be treated equitably fairly, and uniformly. "That means, " he said, "that everyone should be able to take full advan- tage of all the deductions to which he is entitled under the law but that no one be granted preferred treatment for this means that other taxpayers must then bear more than their fair share of taxation." The information bulletin lists certain types of donations for which income tax deductions cannot be granted under existing law even though the ob- ject of the gift may be of a charitable nature. The list is not all-inclusive but the items mentioned are those which are most frequently claimed improperly. Among donations that do not qualify as "chari- table donations' for tax deductions are: donations to charitable organizations outside Canada; dona- tions to individuals; the value of merchandise where its cost has been charged as an expense of business; donations of old clothes, furniture, etc., tuition fees to private schools; amounts paid for card par- ties, bingos, lotteries, etc., although they may be held for the benefit of charity. The bulletin points out that an undertaking to pay a donation over a period of years does not entitle the donor to the total deduction in the year in which the undertaking is given. A deduction may only be claimed in the years wi which the payments are ac- tually made to the charitable organization. The maximum amount which can be claimed for charitable donations is 10% of net income. Test- checks show that some taxpayers automatically claim the full 10%, regardkess of contributions. It is also pointed out that married women who earn more than $250 and all earnings derived from "side-lines" etc.) must be reported. Penalties are provided for failure to file returns.

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