A6 - Sunday, January 2, 1983 - North Shore News 4 Those property owners who are taking advantage of legitimate, it 1s against the Furthermore, there 1s always spint of the program and ig” the risk of an unfavourable By BERT WICKHAM Most of our senior citizens "°°! always a particulay investment producing a loss the program merely to . . ; “> smartidea. rather than a gain. obtain some additional A resolution to be introduced at this and widowed aaaered As the interest’ charged For those people for “leverage” on their in- 4 : owners are awafe ) e . . : month's ; Progressive Conservative con- provincial government's against the deferred taxes is whom this program was vestment income should do vention in Winnipeg may, if passed, be the program which allows them not the same as for an or- intended, the deferment of their arithmetic. very best thing to happen te the party — and to to defer their property taxes dinary loan, i is not tax property taxes can be a carefully. the conduct of the nation’s business — in The procedure is @¢ducuble. On the other blessing: which will enable == (Bert Wickham 13 a a ; ; hand. interest earned on any them to continue to live in’ reurement planning con: years. relatively simple @P- investment will be taxable. If their family h | West Vi ! ° oye - F : . ~ : a X< . el mi ome. Sullantin es ancouver., Put forward by the Ottawa-Vanier riding plication ts made at City Hall ere to earn as much as * ° association, the resolution seeks to have and, if approved. the 450, before taxes, this could * provincial government will ; leadership reviews take place only after a pay your taxes to the "CPresent a net retam to you of only 9% if you are in a 40% tax bracket. Your after- lax garnet tis case would be 1%, or $10 a year for every general election. Under the party's present constitution Tories vote by secret ballot at general meetings held approximately every two years to decide whether they WANT a leadership review. This will happen again at the upcoming municipahty against a first charge on your property in the amount of the taxes plus interest. Currently the rate ; 7 $1,000 axes of interest charged is &%o. O00 of taxes deferred. a ae . ; If you are not getting your The granung of this 5 tL 8 7 deferment ts not automatic: ome Winnipeg meeting. On the last occasion, in It will depend upon the exemption, then your after- February 1981, 34% of the delegates voted amount of equity in) your the Bh would be higher. In for a review and, inevitably, Joe Clark has property relative to other vou are nut already earning been dodging knives at his back ever since. charges against it. tooth $1,000 a year of interest The present system virtually guarantees e intent of thts income. your amount. of ; ‘ proviston is quite clear. It ts ongoing harassment of the leader and in- “profit” could be $70 a year . : . designed to benefit people ternal party dissension, both played out in where circumstances might or weeny $1,000 of taxes full view of the public. This image of disumity | otherwise torce them to give OSEEITES and indecision during a prolonged period in up their home. By deterring On the other hand, you opposition obviously does nothing to inspire public confidence in the Tories as a viable alternative government — the most im- portant function of the opposition in any democracy. The logic of the Ottawa-Vanier resolution is unarguable. If a party loses a general election, it is entitled to decide whether a change of leadership is needed to restore its fortunes. That done, party members should taxes in this manner. they are able to continue to live in their home without fear ot being evicted for non- payment of taxes Naturally, the government will recover the taxes. plus interest. when the property is sold or on the death of the property owner. Herein hes a snag for those property would be building up a debt against your family home which would have to be faced when vou sold your property. On death, it would reduce the value of the property to vour heirs. There 1s no capital gains tax on the sale of the pnncipal residence nor ts there any (ax payable on death and it . . . e owners who are takin could be that ou are give their chosen leader their undivided advantage of this plan to impairing the value of an loyalty, with no further internal bickering or accumulate extra money important, nontaxable asset self-serving intrigue. for Investment pruposes for the sake of avery Only in that way can they concentrate — Although this is quite marginal profim of any. until the next election — on their duty to the country. sunday brunch by Noel Wright Looking ahead Members of Parliament get a 6% pay hike this week, taking them to a total of $67,100. It falls neatly within Ottawa's restraint guidelines of course -- except that MP’s will LIVING ON: Promising address for donations is the Prince George Meanwhile. daily Rev. John Robertson 9% . ~ , - ‘ ’ : i . : Christmas gift at 1] young students and athletes | Vancouver Foundation, their mum. Dr Irene = got his iS g now be getting 52% more than in 1980. i re will have 1199 West Pender. Van Glasgow, retired after 25 m Christmas Eve when St for years to come wi uve 2 Pp Spread over the two-and-a-half year period, good reason to remember Couver vears with the City oof Monica's in Horseshoe Bay ‘ that works out to an annual average of nearly two of the most outstanding Mickey and Harry will Vanecouvet Dental drew the biggest congrega : 21%. But after all, we do elect MP's to plan figures associated with the long be wath usin spirit Department where she was tonin its history for the mid a for the future. don't we? old North Van High School dental public health might service — one third of % , which closed its doors after a se coordina lor to start a them standing at the back of va neh history in 1a "4 second part time careci the church In North Van me The lifelonp Interests of Jach Watts’ middle initial practising dentistey in the recent marriage of Pan i Mickey McDougall, Norn owt tutrt shoutd be Hf fMr Ambleside All in all, you Vong, son of Quol Wong, to - sunday Van High's beloved former Hemtage Founder of the could say the Glasgow Kiow San has been blessed news north shore Display Advertising Classified Advertising Newsroom , a 1139 Lonsdale Ave North Vancouver Publisher Peter Goo b Associate Publisher tditor in chiet Picreel Wrighel Advertising Heeortoeee tt Cac cabvaagr. Vitus bors Personnel Director Circ ulation Oirector LY, Heo AOE Me Production Director Office Manager soda wat wee ae Ore Oe Te Vgene Y North Store Naown ' we . iD to , t ‘ Lr 1 ha ‘ orn tnvtee 1BAs North Shore from Prone Lid Ait rightia toserved Cn) Ty Naor a 1 tat de ” toy tat Lieee Abe eb baby ban er %, Ss SN. THIS PAPER IS RECYCLABLE VOWent cm ae bees Cor OTT 980.0511 986-6222 9865 2131 966-1337 BC V7M 2Ha4 Direc tor Prersy ' 4 Luntantle Marites, Photography Manager Prerters principal who died oon North Shore Herttage Christinas fve at SO are to Advisory Committee and be commemorated ino an presefthly a director of the annual WR Me Dougall Heritage Souety of B ¢ fe Oks bap ' > ~~ ye" 1s DOW be the drum. deserving “lodal yotrpsrety TO “ past as a launched by Fenie Earn founding director oof the shaw, preside tl of thre teccently launched Nauti al Kiwanis boundatean che Hettage Socety of H 6 whoach Goaratiogs te the leust Pond out more about the fumed may be sent oat bu provinces rh scafaring West Jnd St North Nang bistoty at the Society 8 buy the scholarship pew adds membership deive meeting Mickeys sponsarships of EO 4 Starting byron Saturday Au Cadet Squadron and Jan a atthe | Pacts watlinie prosideomey of North Massie beatnenp beastitute on Nans Navy Picayune ol Lonsdale Ouray on call Canada aon his Pack at ON OTE Comte ss other a fisvtie son teeter t cof yerureag: preeogele canted Ube ccommermranity at Lae ye Mean tule thre tre tists Nav oe vcathal veut cided of one oof Mickeys best Pradhay mitdnight loos I bne known students, lhe wase Crlasgpow os oft Ortawa lbscs on ge the bors of) ttre As ciue West Vancouver Harry Jerome Scholarghip Peter Glasgow citiliside class bund procecds from which af U) mariecd an academe are ouseat annually Ge en colleaguc Diane Loughlin «| courage and improve Be New York and both are now athletes Phas was the cause prepartag foe there des toe whe th North Naam s world torr aates cay ce bapssee ab sturdbe sat CRampron sprintes whe the Loapverstly of Lemonte: ched oo sadty toa earty les, Jennifer Clasgow (Hillside than three weeks before ties frollerwmwedd toy Cape © colle gre abd prtac ipl Ve verted thre and Be TP bepan a careet ay final sears of tis tife Phe aopriblic health rnspecter on family took a pretty healthy bite outof life in bow? 4 Wee ~ - SCRA T. car vue. Bing: the fire yust before Christmas atthe North Van Chamber ol Commerce Pitt Brooke tTelugees manager and her Pep fellow have been given street ty Hubert Vrolyk and are Conducting Chamber shelter accross the restaurateur business tor the meat two on three months on the main Noor of Guppy sat bas bast 2nd Donald Hamill iso the bate st North Nae ouverile te a Third Worlds tide Brenda Nineth of (suatemata under Poster Parents Phan cof adopt 14 youl coded Castaneda Canada former HB ¢ lel Chairoaan Cy McLean. North Store tycoon lads Wenady MeDonald clas years Cliguot Award wan nentand Consul Brig: Zlegler geaced the Christmas week party Chrown by West Vantin Pat Wallace who retired last month after her years as recordenp angel of the Nan Cousyseb seal soenme witli Hiptownos moe ht g by Father Ron Barnes at a spectal service in St Cle mens the church that sponsored the establishment in Caumada-—oftthe Wangs refugees tPon. ~ Kilby of North Vancouver describing “Yet another near miss with ceath © visttors to bdgemont Village that take hfe an thea hands (hey oat marked warns they thet whew the crosswalk there an compet Jachtc the dtap femptl to use have ead (reat the whe wath Stewarts lan Village Wheat ak Whych a rind the spec tal strip » Dadaages be cal © bass blood donor clink bon tre AI day clan boat Cangerbanae- Mall tte NS poo WRG OR WRONG, Now Yeat Chverenprtyt fron Pocrvepdaas berreolal ft secans se easy ter be good matured | wowmder owls anybody takes INe trevvsbote ter dre ay Cbbrtay cle May LN dt hear ce ucden boe Noout wiring rei bee t tvtanr