ting An pn ete pene ie ee ee icin ee Business Complicated tax makes more work THE MINIMUM tax for the wealthy, proposed recently by Finance Minister Michael Wilson, is going to maximize the workload for tax accoun- tants. That’s because the tax, to take effect in the 1986 tax . year, is complicated. The estimated 400,000 affected will fall into the category of ‘‘investors."” The tax is aimed at the 8,000 high-income Cana- to get away with paying no tax at all. Here's &@ rough idea of how it would work: High- income Canadians will work out the tax they owe in two different ways — by the old rules, and by the new rules for the alternative minimum 23 - Sunday, December 22, 1985 - North Shore News y | to a Pet this Christmas F2JHAGEN QUALITY PRODUCTS Canadians who will have to fill out the extra set of forms the “alternative minimum, tax!" will be. turning to their “accounts: for help. in both _’ their tax’ calculations, and in BUDGIE START KIT ‘planning for future years. i Buy one staner kit and get the budgie of your choice” : ~The «minimum ‘tax, ‘still - [Fesagg rie ' i a FREE fo , ub just a proposal, would see $ 9 9 igh-income earners taxed at : 1 eas , 1 24 to 27 percent, ' . : - 39 (Budgie valued at $19.99) . Gepending pen, which Pro. _ eo, KEET " PERRUCE _ or : “vince they: live in. It’ cou ie Seu ee = : O 4 > affect anyone who is earning Budgies tr oni huge variety of” “s- more than about $45,000. 8 ¥- ‘Rather ‘than affecting the. person -Wwho.' makes (a - very”. high’ salary. and already: pays « a high:tax, the minimum tax, . will hit. those who are’earn- ing a large ‘chunk-of their in-. ‘scyamn by Lisa Smedman ~ dians who legally paidno tax tax. They then pay the “at. all. in 1983. Wilson higher of the two figures. “estimates the alternative In calculating by the minimum tax will be paid by alternative minimum tax “about.-.54,200.: individuals. “rules, the high-income earner -.Once. the tax is imposed, he’ has to include virtually “said,. ‘only ‘about .2,000'high- ‘See Minimum “income earners will be ‘able, a Page 30 ‘Buy your ‘child a “eocka starr kit-a . _.for only’ ‘or choose a-fancy ockatlel © together with‘ & ‘ Cana lan Radio-television’ and ° accessories for. Telecommunications Commission, "Ottawa, 20 December, 1985 - PUBLIC NOTICE : BRITISH COLUMBIA TELEPHONE COMPANY EMPLOYEE SHARE PURCHASE PLAN The’ Canadian Radio-television and: Telecommunications Commission ; has received an application from British Columbia Telephone Company «” (B.C. Tel, the Company) for approval of the terms and conditions of an | “issue of ordinary shares, by way of a further offering under the Employee |”. “Share Purchase Plan '(the Plan). Evidence in. support of the Company's = Proposed share issue is set out in‘its application. By. way of summary, he Company has made the following slatement: “On March 20, 1979, the Commissicn issued Telecoin Decision CRT Cc “79-6 approving the terms and conditicns of the Plan and the initial offering.:The proposed third offering under the Plan will provide another opportunity for employees of B.C. Tel and subsidiaries thereof to purchase B.C. Tel ordinary shares and, at the same time, provide a eans ‘by: hich B.C. Tel can raise additional equity capital. ‘ ie proceeds ‘received by B.C. Tel upon the issue of ordinary shares nder-the: proposed further offering will form part of the general funds f thie Company’: and will be used to pay for part of the Company's ‘expenditures for the acquisition and construction of additions and improvements {o its telecommunication system and to provide additional working capital”. “The application ‘and | accompanying documents are available for public “inspection during normal business hours at the offices of B.C. Tel, 3777 ; Kingsway, Burnaby, British Columbia; 826 Yates Street, Victoria, British Columbia and Suite 1500, 275 Slater Street; Ottawa, Ontario; and at the ffices of the CRTC, Suite 1130, 701 West Georgia, Vancouver, British * Columbia.or Sth Floor, Central Building, Les Terrasses de fa Chaudiére, “A Promenade du Portage, Hull, Quebec... - -: ; ‘INTERVENTIONS a Pe Any interested person or association who wishes t to comment on this application may do so by mailing or delivering by hand a letter of inter- vention to the Commission with a copy thereof to 8.C.Tel. The mailing - ‘addresses to be used are: Mr. F. Bélisle, Secretary General, CRTC, Ottawa, “Ontario, K1A ON2; and Mr K.D.A. Morrison, Secretary, British Columbia Select from Hagen’ s Kitten Toys at $2.99 ea. or 4 items: fo ten Stockings 15% off and Hagen Dog Toys 20% off: * Save 25 %o to , 50 % off Come select from our huge selection of tropical fish just in ) time for Christmas. % All fJuacen. Bird Cages 1 5h Wow! Puppies & Kittens We have a wide variety of Breeds to select from in both puppies & kittens. Telephone Company, 21st Floor —3777 Kingsway, Burnaby, British like, German Shepards purebred & cross, American Fox Terrior, Black Labs, : - Columbia, V5H 327. tn the case of delivery by hand, the locations listed Siberian Husky, Chow Chow, Akito, Pomerainian, Siamese and many, ma y. ‘above for’ public inspection of documents should be used. Aletter of more. : family all the best over the Holiday Season and into: : ' the New Year and look forward to meeting. new ‘intervention,should clearly state the intervener’s views regarding the friends and old. Come see us anytime. application, together with any relevant information that may be useful in Pet Habitat ‘explaining or supporting those views. It may also include a statement of ~ intention to appear at a public hearing should one be held. In order to be considered, alt interventions must actually be received by 8.C. Tel and Park Royal | South Mall - 922-8622 ' We at Pet Habitat would like to wish. you and your: -the Commission on or before 10 January, 1986. Similarly, copies of replies cfrom B.C. Tel to any interventions must actually be received by the inter- “'veners concerned and by the Commission on or before 16 January 1986. - Depending on the nature of the interventions and replies received within “the time periods set out above, the Commission will determine whether or Nota public hearing will be held to deal with the application. If the - Commission determines that a public hearing is necessary, it will take ». place at a time and location to be specified by the Commission: All “persons or associations who have expressed an interest in the application “will be notifi ied by. the Commission should a public hearing be convened. Cana da F. Bélisle Secretary General Lynn Valley Centre 986-4812 i Park Royal Open Saturday Dec. 27 9:30- 9: 00 pm, . Sunday Dec. 22 10:00-5:30 pm