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Page S2,May 23, 1979- North Shore News _ | oo | - 7 ° | - ; .

Tax burden: Up .
302% since 1961

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es = .

‘The total tax burden of the:
average Canadian has risen
by 302 per cent over the past
8. years—and that’s not
coun “deferred taxation”
which will ultimately have to
findings of a Vancouver-
' based organization devoted
to keeping tab ‘on just how

Those are the —

issue. to cover these deficits _
‘are, -i effect, .

“deferred
taxation. since: tax revenue
must ultimately be’raised to
pay the it interest and redeem

the bonds.

In order. to account .for

this deferred taxation, the

Institute -has calculated the
tax burden of Canadians

and remembers.

much money all. levels. of

wit Cook tun

government remove . from . both including and excluding
our pocketbooks. the deficits. _ = _
‘ascr _ _ An easier way.to get automatic turntable that slowly rotates food a
| Reo erat thic south, THECONSUMER the old-fashioned flavour you love. for even cooking. Helps give your family’s.
a summary of the latest TAX INDEX

“The Genius” is our Super deluxe
- model that figures out © cooking :
‘time and power at the touch of .one- oe.

control. Like all new Panasonic Micro-- O Witsoe

wave Ovens this year, “The Genius” ‘o

_favourites a delicious, old-fashioned flavour.”
“Microwave cooking was never so easy. .
And the. results. never so “good!. ‘Drop
into your Panasonic dealer soon:fora = -
&. demonstration of “The Genius” ‘and |

results of its on-going.
assessment of the Canadian
tax system. The product of
_ over a year’s research in-

voting the analysis of 51

In 1976 ihe Fraser In-
stitute began compiling an
index of taxation called the
Consumer Tax Index. This

&

. different tax categories, 21
income sources, and the

- activities of three levels of
government, the Institute's:

- study exposes the direct and
hidden ‘tax burdens that
Canadians bear.

The results are mixed:
‘while. on the. whole they
.. indicate that the tax bill of
- the average family has in-
' ereased 302-per cent since

1961, they indicate that the.
rate of increase in the tax bill

reached a peak in 1975 and
has been stable or falling
since then.

The. reason for the decline
is the ificreasing extent to
which governments
(esp¢cially the federal
government) have engaged
‘in deficit financing. The
bonds that governments

- index tracks the tax Dill

faced by the average
Canadian family over the
years.

In 1961, for example, the
average family had an in-
come cf $5,500 and faced a
total tax bill of $1,863; by
1978, the average family was

earning $20,000 but of that —

$7,486 went to the tax
collectors at the federal,
provincial and - municipal
levels in the form of hidden
and direct taxes.

The Institute’s tax index, -

based on those figures,
shows that the tax bill of the
average family has increased.
by 302 per cent since 1961.

Including deferred
taxation, however, the index.
increased by 336 per cent.

features new

“Cook-A-Round”, an

faa A AS

-

Goren

other | new Panasonic Microwave Ovens.

College offers
June ‘specials’

For students enrolling for
the first time and those
returning after along ab-
‘sence, Capilano College is
offering a series of “June
Special” workshops.

“THE GENIUS” NE-7910C:

‘With “The Genius”, you no longer have to worry about
size, weight, cooking time or power. “The Genius”
figures it all out for you. A touch of the Auto Sensor
Pad indicates automatically what you're cooking and
how you want it done. “The Genius” does the rest. Or
you can select multiple power levels from 70 to 700
watts, plus Reheat or special Defrost setting.
Multi-function electronic timer, up to 1 hr., 40 min. Has
digital clock/readout. Large 1.32 cu. ft. oven capacity.
Comprehensive cookbook.

Madame Benoit says:
“I know everyone will
be as excited by the
“Cook-A-Round”

. _. feature as tam!"
Assertiveness Training and

Woman’s Dance.

A highlight of the program
will be a one day workshop
on Saturday, May 26, A Day
in the Life of a Job Seeker.
This special event will

To help students adjust to outline the “how to’s” and

coming to college, these “why nots” of finding a job
courses are specially for people looking for a new -
designed to emphasize job or thinking of returning

meeting new friends and
getting acquainted with the
campus as well as learning
new skills.

to work.

For more information
about Learing Assistance
courses, phone 986-1911,
Local 353, for the Moncey
Management workshop
phone Local 315 and for all

Sea Sareea

“June Specials” will in-

Multl-Cook II NE-7810C NE-5650C
clude a variety of study and

NE-5510C
© 7 power saléctions.

@ Pushbutton controls ® 2 power settings
communication skills other courses call the @ Pushbutton contrals ® Special simmer setting tor up to e 30 min. timer 9
workshops sponsored by the college, Local 350. ¢ 2-phase power programming 10% hours of slow cooking

@ Multi-function digital clock/readout
* Comprehensive cookbook
@ Large 1.32 cu. ft. oven capacity.

* Cooking and Defrost guide on panel
*@ Cookbook

® See-through door
@ Oven capacity 0 74 cu. ft.

Learning Assistance Centre,
and the Financial Aid Of-
fice’s Money Management
workshop which covers
topics such as budgeting,
credit, and loans.

*# 2-phase power programming.
Multi-function digital clock /readout
@ Oven capacity 0 74 cu ft

Drop into your Panasonic dealer soon for a demonstration.

Panasonic

just slightly ahead of our time

The Women's Resource
Centre is offering such
courses as Life Planning,
Choosing a Suitable Career,
Classroom Communications,
New Directions for Women,

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