14 The Guardian. Chartoitehor, Thar. “er 7 = Buffalo Fote Many Canadians Lose Cut In Income Taxes

OTTAWA (CP)—Finance Min- Sharp has snatched’ away many Canadians the 10-

per-cent persurai income tax cut granted last year by. his pre- decessor, Walter Gordon.

The cut Jasted less than a year —fror July 1, 1965, to June 1, 1966, or 11 months. >

Mr. Sharp in his Commons budget speech didn't cancel the

- reduction, however, for those in the lowest income brackets. In : or for them, he made it big- oe a rhe result is that from June 1 taxpayers: in the average and above-average tax brackets will revert to rates slightly below those of 1964. ‘Yaxpayers in the lowest brackets will pay slightly less than they do now. , The finance minister accom- plished all this by doubling the reduction as of Jung 1 to 20 per cent from 10—and’by throwing in a hooker...

ONLY $20 ALLOWED

The hooker. is that the maxi- mum deduction allowed is only $20. In Mr. Gordon's budget last

?

dren earning $5,000 will pay stg net federal tax instead of

the $199 he would have if Mr. Gordon's tax rate’ had remained . unchanged. ‘

WILL PAY. $554

A taxpayer with two children ‘earning $7,500 a year will pay. $554 instead of $519 and the one earning $10,000 will pay $987 in- stead of $916.

How the blend of Mr. Gordon's and Mr. Sharp's rates will look on the next income tax form doesn’t have to worry you yet. You don’t need to fill it out until the January - April..period of 1967.

Mr. Sharp; sald however, he hopes the provinces will con- tinue to follow’ the federal gov- ernment’s lead to ‘minimize

ats

Is Unexplained

ST. JOHN'S, Nfld. (CP)—The carcass of a buffalo—one: of 16 which have disappeared from Brunette Island in'Fortune Bay since 1964—has been spotted. It may ‘lead to discovery of the _|fate of the others.

A. T. Bergerud, chief wiildtite biologist for the province said $Ohere. a dead buffalo was seen on the coast of the island and is to be examined more; closely to determine the cause of death.

Authorities h.ave suspected poachers may have killed two- thirds of the herd of 24 buffalo placed on the island as .a big- game experiment two years ago. Recent surveys show. only eight remain and no carass has ever been found before. **

Biologists » are interested vi finding out if the puffalo can cope with the climate and na- tural conditions of Newound- land. They are encouraged by the fact that several of the re- maining animals on Brunette Island are expected | to calve this

year. >

the trouble to which taxpayers | may be subject in preparing their returns.” ~

For single taxpayers with no dependents, Mr. Sharp's reduc- tion will be a benefit to those with incomes up to $2,500 a year. -At $3,000 income, you

start paying more.

April, the maximum was set at $600.

~~ The income tax rates for 1966

will be a meld of Mr. Gordon's 10-per-cent cut to a $600 limit for five months of the year and Mr. Sharp's 20-per-cent cut up-to a $20° maximum for seven

A married taxpayer with no dependents: pays less up to

LOOKING FOR A CAREER ‘WITH A . FUTURE?

LAND — SEA — AIR"

$3,000, more at $4,000 and up. Mr. Sharp said iis change | will bring in additional revenue_ this year of $140,000,000 or, $210,000,000 in a full year.

months.

Here's how ‘it works: : a married taxpayer earning $3,500 a year with two children eligible for family al- lowances.

If Mr. Sharp made no changes, |

eomes of $4,000 and $5,000. A married taxpayer with two chil-

SAVE OVER $30 ON TH

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