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Terrace Bay-Schreiber News, Wednesday, February 8, 1984, page 7 'Ad-Hoc Transportation Sub-Committee meeting The Ad-Hoc Trans- portation Sub-Com- mittee of the Lake Sup- erior Board of Educa- tion held it's second formal and public meet- ing on Tuesday, Janu- ary 24, at the Terrace Bay Campus of Lake What investment pays most by MARTHA DUNLOP The small investor considering the relative advantages of dividend- paying investments (shares in companies) compared with interest- earning investments (such as Canada Sav- ings Bonds) should con- sider the after-tax yield. The first $1,000 of in- vestment income from Canadian dividends, capital gains and/or in- terest is tax-free each year. But income above the amount is taxed dif- ferently: e Interest income is fully taxable. Any am- ount over the $1,000 is added to your income for the year in question and you pay tax on it at your usual rate (or a higher rate, if there is enough . of such income to boost you into a higher tax bracket). e Capital gains in- come is 50 per cent tax- able. If, for example, you buy shares for $1,000 and later sell them for $2,000, you 'have a $1,000 an gain, of which is taxable. © Dividend income is treated differently again, and here Reven- ue Canada provides more favourable tax treatment to those with lower incomes. People in the high- est tax bracket of about 50 per cent pay rough- ly 25 per cent tax on Canadian dividends. But taxpayers in suc- cessively lower brack- ets pay successively less tax. In the lowest tax brackets they can pay no tax at all on dividend in- come. And in fact it is possible for a person with a low income _to actually pay less tax by receiving dividend in- come. To sum up, for invest- ment income above the $1,000 qualifying for tax-free treatment inter- est-paying investments are usually the safest, but this type of income is fully taxable. At the other end of the scale is dividend income. and capital gain income, which while riskier are subject to less tax. Thus the small invest- or balancing risk against after-tax yield should consider putting some money into those oh-so-safe (but 100 per cent-taxable) deposit- type investments but saving some money to put into blue-chip stocks (with their very favor- able dividend treat- ment and relatively favorable capital gains _ treatment), Superior High School. All members were in attendance. A_ very small group of local citizens also attended. The committee had in- vited representatives of the Ontario Ministry of Transportation and Communication's attend and were pleased to welcome-Mr. Arnott Whitney, Regional Man- ager, Mr. Jim Giroux, Vehicle Inspection and Mr. Wilf Blais, Driver Certification. Much val- uable information was provided by these gen- tlemen and the com- mittee was appreciative Thunder Bay office to 'of the willing and able assistance. The committee de- termined to hold two general meetings as fol- lows: 1. Information Night; Tues. February 21, 7:00 p.m., Gym, Terrace Bay Public School; with re- source people from ap- propriate government Ministries and other Boards of Education; - with films and slides as available; - focusing on the issue of seat belts in school buscs, but also discussing all__recom- mendations of the recent inquest. 2. Night for Submis- sions: Tuesday, Feb- ruary 28, 7:00 p.m., Li- ' brary, Terrace Bay Pub- lic School; - to provide an opportunity for any "interested citizens or citizen's groups to make verbal or written pre- sentations and sub- missions to the com- mittee. The next regular meeting of the commit- tee is scheduled for Tuesday, February 6, at 7:30 p.m. in the Li- brary of Schreiber Cam- pus, Lake Superior High School. The public is welcome. G. Armour, man. Chair- the a au DISCOV ERY DAYS Sale Starts Thurs., Fri., & Sat. Feb. 9, 10 & 11 Assorted styles & colours CHILDREN'S JACKETS Now 1 g°° Assorted styles and colours Misses & Junior, assorted styles and sizes BLOUSES 4°° Selected styles & sizes and colours Men's SWEATERS now 14°° 100 g. machine washable PHENTEX ELITE CHILDREN'S JACKETS now 29°" Colours, Red and Baby Blue Ladies' Misses and Juniors, assorted sizes & styles SLACKS now 14°9 Short length, assorted sizes JACKETS Flat & fitted, singles, colours brown & blue. Discontinued lines. SHEETS now 199 HUDSON BAY JACKETS Now 139° RABBIT JACKETS Assorted pe he & sizes JEANS now 149° Assorted sizes Men"s JEAN JACKETS Polyester, Cotton & Prints | SELECTED MATERIAL Y2 OFF REG. PRICE Now 1 39° Assorted sizes and colours and styles LADIES' JACKETS Assorted sizes & styles SWEATERS 499 | Kids, assorted colours , HAT & SCARF SETS mw 10° Assorted sizes: Colouics navy, white, burgundy. Waterproof' CHILDREN'S BOOTS 1 g°? Now 39° Family Footwear CHILDREN'S & LADIES' BOOTS NOW 29°" MEN'SBOOTS Now 39°" SKIRTS a» 14°° 300 g. ball SPORTS YARN Sizes 8-14 100% acrylic 7 BOYS' SWEATERS Now rr Grey, assorted sizes BOYS' SWEAT SHIRTS Now 7% -- Customer satisfaction, we guarantee it at the Bay SSeS Fudsons Bay Company scuneiwer