B4 - Sunday, May 8, 1983 - North Shore News Photo submitted ANOTHER NEW BUILDING will be going up in the Lonsdale Quay area, turning the former dull waterfront into an exciting commercial area. EVEN THOUGH TIME IS UP... Don’t throw away receipts Keeping records for in- come tax purposes is not only a legal requirement, but may also save money for individuals and organizations. Although receipts bring back memories of lengthy calculations and the time you spent completing your tax return, keeping those receipts when tax filing season is over can help you back up the deductions or expenses you claimed. After tax filing season, the tax department carries out several programs whereby returns are double checked for accuracy. Returns from taxpayers whose tncome 1s from wages and salary may be subject) to programs known as post-assessing or matching Returns = from taxpayers who arc” self- employed or earn in vesiment, rental or com mission income may be scrutinized through = audit programs in the Depart ment’s offices or on the (axpayers’ premises The post assessing program is aimed at taking a income tax closer look at a number of deductions claimed by taxpayers. For example, returns claiming deductions for eligible expenses, moving expenses or child care ex- penses could be closely examined by the Depart- ment's assessors. The matching program uses a manual or computer system to check receipts or inforamtion slips supplied by taxpayers. Amounts on information slips, such as the T4, the TFAI (family allowances) and T4U (Unemployment Insurance), are compared witb figures entered by taxpayers) on their) returns in) order to determine whether all in come has been reported. Receipts for payments are also) matched to check whether taxpayers who received the payments reported them. Besides checking the information reported by taxpayers, the matching program identifies taxpayers who did not file a return of may be guilty of tax evasion In 1981-82, taxes of more than $38 millhon were collected through the post COMMERCE PROGRAM Capilano Collage is now accepting applications to the Commerce Program, Students who successfully complete this program will be able to transfer directly into Second Year Commerce at UBC. @ The pre-requisites for admission and other Intormation Bre outlined in a brochure which can be obtained ‘ from the Registrar a Office. a ' Deadline for applications is May 31 although ‘applicants will be considered up until the beginning of ‘ “ it-Person registration if space is available. For further Information please contact the Social Science Division at 986- 1911, local 427. * assessing and matching expenses. Last year, $45 programs. million in taxes were For taxpayers whose recovered through office income is from sources other than wages and salary, their returns may be reviewed in detail in the Department's offices. Known as an office examination, this type of audit will involve contact with the taxpayer by letter or audits and another $476 million recovered through field audit programs. These audit programs not only lead to collection of unpaid taxes but also en- courage taxpayers to comply telephone. The Department’ with the law. Anyone may also conduct a field contacted by Revenue audit which takes place at Canada. Taxation must the taxpayer's residence or supply all documents place of business. In either supporting the deductions case the taxpayer may be required to provide receipts or documents to support deductions substantiate claimed. If the required documents and receipts are missing, the deductions may be disallowed THE WALL STREET JOURNAL For day-of-publication delivery to home or office in most areas. B & A Turner News Distribution 922-5338 OPENS MONDAY MAY 9 or YORKTON SECURITIES INC, Stocks and Bonds in the new B.C. Rail Building 221 W. Esplanade North Vancouver 984-9371 As a sign of improving times in commercial real estate, the Lonsdale Quay Development today announced a new office building development on its 25 acre waterfront site in North Vancouver. The parcel of land has been sold to two out-of- province companies - Tirion Properties Ltd. of Calgary and Penlea Properties of Toronto, a company owned by Canadian pension funds - for development of a 71,000 square foot (6,600 square meters) office/retail complex. The six storey building, designed by North Van- couver architects Aitken Smith Carter Partners, will feature high quality office space and ground floor retail outlets. A large public deck will provide tenants with un- surpassed views of the Vancouver skyline and Harry Martin CASE Co-ordinator Company - New on Quay North Shore mountains. This $10 million project will create much-needed construction jobs com- mencing in the summer, once permits are obtained from the City of North Vancouver. Located between the new B.C. Rai] headquarters and 1.C.B.C. headquarters on Esplanade Avenue, the pro- ject will be developed en- urrely by the private sector. Approval was granted by the Lonsdale Quay Develop- ment Board, composed of elected City officials and Company _ representatives. Lonsdale Quay Develop- ment Company a_ wholly owned subsidiary of the British Columbia Development Corporation, was set up in 1979 to develop the 25 acre waterfront project’ from surplus in- dustrial land. Proposals for other parcels of land on the site are not being solicited. CASE Counselling Assistance to Small Enterprises HELPING SMALL BUSINESSES HELP THEMSELVES This Government sponsored assistance programme is available to any small business. Counselling is done by retired successful! businessmen. Areas where CASE may help: Start up Advertising Bookkeeping Marketing Exporting Cost Controls Inventory Control Personnel Cash Flow FOR FURTHER INFORMATION CONTACT Harry Martin, 145 W. 15th St. North Van. Telephone 980-6571 QD ‘*Your Success is our Only Business" Federal Business Development Bank Banque [édéralc de developpement Canada A.E.LEPAGE REAL FSTATE REAL ESTATE TRAINING How successful you are or can depends greatly on the Company that is behind you Ensure your success by working fora company that offers the In hatonwide and that will give you (he personatizoed attention aod training you need essential backup services CONSIDER A.E. 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