_Q. i did mot receive a 4 slip from my previous employer. Do I have to report the income? A. Yes, all income must be reported. Employers are rquired to forward T4 slips to the last known address of the _ recipient on.or before Feb- ruary 28 each year. If you have not received a T4 slip by the second week in’ March, you should e mployer. Afier aii. reasonabie at- tempis have been made to obtain the information slip, your income and deductions, Canada Pension Plan con- tributions, | Unemployment Insurance Premiums and Tax Deductions should be esti- mated on your _ return. Forward pay stubs if pos- sible. Attach a letter stating that you were unable to obtain a T4 slip and outline the estimated information. Also, give your employer’s name and address. Q. 1 am married with a wife and two children, one seven and the other seventeen. My wife and children did mot. earn any income last year. What exemptions am _ I entitled to claim? A. Everyone is entitled to the basic personal exemption of $2,090. You may also claim a married exemption of $1,830, a $720 exemption for your seventeen-year-old $390 exemption for - your seven-year-old. ~ When making your claim be sure to give all the | information requested on page 4 of your income tax - For more details, return. check your 1976 Tax Guide.» Q. Can I claim my common- law wife and our children? A. Since a common-law is not considered a. wife spouse for income tax pur- poses, you cannot claim the married exemption for her. You can, however, claim the children as dependents pro- vided that you and not your common-law wife supported them. -Q. If our child cannot be claimed as a dependent, who reports the family allowance? A. In this case, the person to' whom the cheque is payable must report the income. | FOR contact your . and a. ry Q. i have a bank account and my interest amounts to $28.90. The bank | will issue a T5 information cli because it is less than $50.00 Does this mean that I do not need to declare the $28.00 interest? . A. Even though the bank | does not issue a TS slip you Must report any interest as income. Q. My wife has no taxable income and she is eligible for the Age Exemption and the Interest and Dividend In- come Deduction. Which ome of us must complete Sched- ule 9 to claim deductions transferred from spouse’? A. You will be’ claiming the eligible deductions’ on behalf of your wife so you must complete Schedule 9. Remember to attach Sched- ule 9 and your wife’s information ‘slips (T5, T600, etc.) to your: return. Q. Can I deduct from my _farm income the wages I paid to my children? UA. Wages to children will be allowed as a deduction from: income only - to the extent that: (a) The wages were actually paid during the year. _(b) The services were for the | production of income. (c) The services. the employment of hired help. | (d) The amount is reason- able, having regard to the age of the child, and . the amount is one which | would. normally be paid | toa stranger for the same work. Q. I receive a pension and I am under 65. Can I claim the pension income deduc- tion? A. You may claim a deduc- tion for the pension you received up to a maximum of $1,000, regardless of age. However, some pensions do not qualify for this deduc- ‘tion. For more information on the types of income that do qualify, read Guide Item 46 of your 1976 Tax Guide. q. Under a new company contract drawn up in 1975, all contributions to our pension plan. are made by the BEDAoOM I - 1st & 2nd MORTGAGES SEE EDELWEISS CREDIT UNION | For.34 years the financial inetitutlon for people of German language descent living In B.C. Business Hours Tuesday to Thursday Friday Saturday Wednesday evening 1oam.to Sem * 1am. to 6 pm. 9 am. to 12 noon 6 p.m. to 6 p.m. ' Head Office: 4837 Victoria Drive, Phane (870-6806 Vancouver Branch: 5963 Fraser St., Phone 324-7401 Surrey Branch Office: King George Contro -- to open B00n. ~ eompany. _ therefore amount you can contribute to. . a RRSP is the lesser of $3,500 of ‘your earned ‘eligible I did contributions to the pension pian in 1976, thereforé, can i claim the $5,560 I paid into ‘Registered Retrement Sav- ings Plan? A. No. You. are. still cov- ered ‘under a pension plan. and maximum with your employer | the or 20 % in come . Q. What kind of expenses are deductible for child care? A. Deductible expenses include costs of baby-sitting and day nursery care, and up to $30 per child per week for . lodging paid at a boarding school or camp. Payments for such items as food, clothing, transportation, education or medical care are not consid- ered to be child care expenses. ty Beginning this year, Can- ‘ adians serving abroad in the armed forces are treated as residents of Canada and are eligible to claim child care expenses. -Q. Lreceived a scholarship Jast year and had to move away. from home to attend - full-time courses at 2 uni- versity. Can I deduct my ‘moving expenses? “A. Yes. If you moved to attend full-time courses at a university or other post- secondary educational instit- ution in Canada you may. deduct moving expenses, but only if these are claimed against award income such as scholarships, fellowships, research grants and. similar awards. Be sure to include Form T1i-M with. your income tax return. “ , page 39 - March 9, 1977 - North Shore News An umbrelia plant, 6-feet tail and 4-feet wide worth $309 and a $35 jade plant were stolen from the lobby of an apartment block about 1 a.m. Sunday at 2187 Bellevue in West Vancouver. No arrests have been made. ~ .Three unidentified males Saturday attacked and robbed a deliveryman for Coiesseum Pizza and Steak ~ House Ltd., 107 E. 12th Street, N.V. at the rear of the store and made off with about $145 im cash, according to RCMP reports. The incident cccurred when two of the assailants held the driver as he was approaching his car, while the third entered through the rear deor wielding a butcher knife, police said. He was chased off by a store amniawas, ween peau yw MP heave . - #eWvivam - investigating. . . a . o income tax. would, otherwise have. required. COME TO VISIT THE SUNNY SQUA- MISH AREA. JUST 40 MINUTES FROM . ‘LIONS GATE BRIDGE. Our business is . building and designing homes. We have ~ some beautiful homes under construction ‘in the:Hiahtands and Brackendale area, and. we have Lots upon which we can al build you the home of your. ‘choice. ~ Here are some samples of homes under construction: IMMEDIATE OCCUPANCY 1100 sq.ft. Bungalow beam ceiling.and ensuite plumbing, wall to wall carpet except in kitchens and bathrooms. IMMEDIATE OCCUPANCY 1268 sq.ft. Bungalow | 3 bedrooms, large storage area _ wall to wall carpet except in kitchens and bathrooms. One of our builders has selected a group of homes to be bullt In Brackendale. A basic 2 bedroom cathedral entry will be $39,900. With a brick fireplace, sundeck and carport added, it will be $42,240. A 1268 sq. ft., 3 bedroom rancher will be $39,900. An acorn fireplace added will _bring the price to $40,500. On Highlands Way North, a 2 bedroom, split level entry with basement, fireplace and carport will be $45,400. A3 bedroom rancher will be $43,900. These prices include Iino, carpeting and fixtures in the colours of your choice. — Another builder is constructing a down- _ stair entry colonial In the Highlands with living room, dining room, kitchen with breakfast area, 3 bedrooms and ensuite plumbing plus full basement for $55,000. a "Well under construction, we have a 1395 8q. ft. bungalow with ensuite plumbing and a finished family room for $46,000.. A 3 bedroom back split with sunken living room and % basement for $46,000. A 3 bedroom downstalr entry with % basement for $45,500 and a 2 bedroom, side split with dining room plus large breakfast nook and v2 basement for $45,500. All these homes have _ fireplaces, carports, wall to wall carpets (except in kitchen and bathroom) and there Is stil! time to select your own colours and fixtures. We also have building lots In Brackendale and the Highlands where we can bulid you the custom home you require. Our design service will be available so you may own the home that you have always wanted.