B4 - Sunday, January 23, 1983 - North Shore News @ business By The Institute of Chartered Accountants of British Columbia If you pay someone to take care of your children, you may have a_e tax deduction. You are entitled to child care deductions if you are a working mother or single parent, a widow or widower, divorced or separated. You may aiso deduct child care expenses if you are taking an occupational - training course OT on a research program. Child care expenses paid so that a mother or father may Child care expenses in- dlude the costs of daycare of payments you make to someone who cares for your children in your own home. Child care payments are not deducuble if you make them to a relative under 21 years of age or to someone claimed as a dependent. Children for whom you are claiming expenses must not be over 14 years of age in 1982 unless they are infirm. There is a family limit of $1,000 per child up toa maximum of $4,000, and your deductions may not exceed two-thirds of your earned income. If you are claiming payments made 10 a attend school or university — boardmg” school or camp. normally do not qualify as a tax deduction. Help others at Though some Canadians may feel that filling out one tax retum a year ts ap- proximately one too many, 1,136 of their fellow citizens obviously disagree. -That's the number of people who last year volunteered their time and energy to help. other Canadians complete their income tax returns. As part of a special program co- ordinated by Revenue Canada, Taxation, the volunteers helped almost 35,000 peopie dunng the last tax filing season, including senior ciuzens, low income families, recent immigrants, the handicapped and others who experienced difficulty with their tax return. Now in its eighth year, the Volunteer Program’ works on the community _ level through the twenty-eight Distnct Taxation Offices across Canada. These offices hold tax training sessions for the volunteers at the beginning of every tax filing season. The volunteers don't emerge from the sessions as tax experts, but they do become familar with the TURNER MEAKIN John R Robertson Mr Arthur Ho Meakin Prosident TUMNERH ME AKIN INSURANCE AGENCY LTD ts pleas od to announce the association of) Jotwy A Robertson as a Repro gemtatve of the Firm Turner Meatbun has pro vidod Insurance Surety Bonding Ser vices since 1G! Out Ootftees are located at 1682 West 7th Avenue Vane ouver Tel 7 36 SO) an you are allowed a maximum of $30 per week per child. fundamentals of completing a return. They also leam about major tax problems they might encounter, common deductions and new tax legislanhon they should take tnto account. Training sessions for volunteers ou the preparation of personal income tax returns are being planned for the coming filing season. These sessions are organized as part of Revenue If you are single, divor- ced, separated or widowed, you may claim an equivalent-to-marmed ded- uction for one dependent. Your dependent must live with you, be a relative by blood, marriage, or adopuon and be wholly dependent on you for support. You may be able to claim up to $3,110 for such a dependent. If you became divorced or separated.in 1982 and made penodic support payments according to a caurt order or written agreement, you may either deduct the support. payments or claim the available Marital exemption, whichever is to your ad- vantage. After the first year of divorce or separation, you may only deduct the support payments. If you receive family allowance payments, you can claim a tax credit of $293 per child minus 5% of the parents’ combined income in excess of $26,330. Family allowance payments msut be added to your income. Don't forget your standard exemptions. Even if your child was born on December 31, 1982, you may still claim a full year’s deduction. On this year’s tax return you may deduct $6070 for each child 18 and under, and $1,220 per child over 18. If_.your children are * CATOH PRINTERS + TELEVIDEO BUSINESS MACHINES * NORTH STAR EXPERT ON STAFF + CLEVER COMPUTERS — 43, 54 soso INQUIRE ABOUT: INCLUDES SOFTWARE LEASING & MONTHLY RENTALS f ‘We olter a tut! range ot sottware for the hobbyist to the Ousinessman *¢ GAMES © WORD PROCESSING ¢ ACCOUNTING VER COMPUTER SYSTEMS EST BROADWAY V5Z 1E9 © 873.3751 earning money themselves, your deduction will be less. There's no deduction if your child's net income exceeds_ $2,320 for children 18 and under, or $2,440 for children over 18. tax time Canada, Taxation’s Volunteer Tax Information program and are available only to members of volunteer associations or persons who are interested in Offering their free service to help others. The following — sessions have been planned and will be held at the 411 Seniors Centre, 411 Dunsmuir Street, from 9:00 a.m. to 1:00 p.m. PLEASE NOTE Wins contract TORONTO (UPC) - Canadian Marconi Co. of Montreal will supply $19 million U.S. worth of radios to the U.S. Army, Minister for International Trade Gerald Regan announced. Canadian Marconi was awarded a new $4.79 million contract and the U.S. Army also exercised options under two cxisting contracts for purchase of further radio sets worth %$14.3 millon, Regan said in a relcasc. The radio sets were developed by Canadian Marconi and have been sold to other friendly foreign governments. During the past year sales of this equipment have totaled over $120.6 million. The order was made through the Canadian Commercial Corp... which contracts with forcign governments and in. ternational agencies on behalf of Canadian sup pliers. We. are holding « a presentation 0 Qn, n Tuesday, Febru ry. Bt 7:00 p.m ines AICollege. 2. Lounge. (A11.7). Our: programe: provide-y you with: ‘arcomprehensive’ education in the: basic managerial skills. They havea practical vag arpele for those who.wish to entera. prospective employee-manager. “We offer the following programs: 1, ACGOUNTING/FINANCIAL MANAGEMENT ~2, ADMINISTRATIVE MANAGEMENT: a. COMPUTER SYSTEMS MANAGEMENT a. 5 ‘MARKETING MANAGEMENT. 6. RETAIL MANAGEMENT “These intensive programs require a minim oe WOES Par WEOK In class and 30 hours gutaide of class. You “live” businesa in our programs ~ father than just “leaming” it. Entry is based on high school grades, business experience, maturity, Interest-and aptitude. Bocause of the limited space ---avallable in the programs, interested. students. should . all the Business Management Department at (088-1011 local 426 i" you plan to attend. that it 1s only necessary to attend one session, not all five, to receive the full training course. Monday February 14 Tuesday February 15 Wednesday February 16 Thursday February !7 Friday February 18 To register for attendance alt a session please phone the Public Relahons Office at 666-6731 or 666-1996. Tenders for the development and acquisition on either § -or Doth FREEHOLD or LEASEHOLD bases are invited ~ by 11:00 a.m. on March 17, 1983 by The Corporation of the District of North Vancouver for two thirty-three foot lots. The opportunity to participate with the District on a ground lease basis, with rent for the land payable an- nually in advance, would: - reduce developer's front-end costs - result in annuai rent less than equivalent annual land financing costs Brochure providing full details of the properties and conditions of the tender are available from the Land Department, 355 West Queens Road, North Van- couver, B.C. V7L 4K1 Telephone: 987-7131 A. Rudyk - Why yourself ? Talk to us about Registered Retirement Savings Plans. North Shore Community Credit Union “The RRSP Experts”