m The Guardian. Charlottetown. Thurs. Star. 19. 1.964.

Awkward Spots, Loopholes Seen Tied Up In Budget

OTTAWA '(‘AP‘VA handful of loopholes and awkward spntt tn lederal tax law; were tidied up in Mondav nizht's h‘lf'l’lt’l‘ tn. chide one which allour‘d older people to create a stzcable es~ tale free of death ta\

Thnv wrrp anion: a variety ﬂl rhAHZFF rm? sncrttu ‘lllV man- tinned in l‘inanrp \llni’Jt‘r Gnr~ don's budget men-ii hut con- tained 'tl tax-chany‘ resolutions that will rnmn up for ipgizlatirp al'llnn m the Flimmons later in the neuron

ﬁne change in the l‘ualp Tax Art n desi:ned to rule out a «’nmpltl'Ale dorms twin: used lw ".nmp people to reduce their eglatp tow Off'rlals desrrihed the problem llll': war

‘5 N‘Fﬁntl Who normallv rnu'rl uni 3“! a hip insurance nnlvcv hprauzp of 3:0 or sii'kM‘S! .. deal wuh a life in- eurance contnanv l0 l"ll\' an Ell- mutv on condition hr =; given an insuranr-A pn‘u‘t The com. nam' :4:er erorrtm: lic‘il not iwr ‘nn: and won't roller? mum of 'he wer \thn the

man dies, his life inturance

Brett Contracts

mowed: are not part of his e:

nms otfu-Iai savrt substantial amounts of money have escaped lav hr Ihl; dm'n't‘

l'nrlcr 1hr tax- rhaiigr otter- tirr lt'nm Tuc'ng on insurance mime: Inlrl :mrl‘iiunal on an: man purrhaze: the tasahle c—s tote after death will include (‘Illlf‘l' the amount paid for the annuttv ins: annuitv receipt! be- fore deatl1_ or the amount ﬁt llf“ tnsnmnr‘e pas-able, which- ever amount I! the lesser

Annther estate tail than» will pf‘l‘mil 9300 instrad of the pre» sent limit of $500, to he paid from the joint bank account of

need for a clearanre from the revenue department, This i! an nasm: of the rules whereby the, department controls the dispo- sal of an estate until the death tax- is worlde or.

\n 'nrome tax clianze would levy taut. startin: this year. on any amounts rpreirpd lw an emulnrer From the windan up or reorganization of a pension

lunrl,

Covering Centennial Projects

DTT\\\ \ ("l‘ pt‘n\'tttt":2l tl‘tN‘Ti'l: of Win ~~‘c='S plannin: the f‘l‘o'.‘ crnmnnnt'y has ntt‘cnd on a rirnt‘t t'u tt'ac' ("Wt‘t‘uu centennial llt'tti- em; in right prm‘vtu- all raptmi:

The forlrr’il :m'crnmr‘n' ui‘l (amt-thou" Zf’y'll’l (in!) in much I)! the Flutrt‘iS Stun'ar amounts utl‘ he mlde by the prnr‘nmal treasurins

‘_l::ti' ‘t'>" ignitritt‘agltr '.I‘:_ "P- lnrv of state and the minister in Hinze oi centennial planning at the erleral level. warts toe azror‘mcni: will he

'r‘riw- ql.

Veterans Oppose Hospital Turnover

Triﬁl‘i‘i r'n 1‘1" \r'I-vqnz' martyr-onion : a i H horn thm' q' tron-N; app/1.x: ,tt‘“ a“

temp‘ tn turn finari‘ﬁn \i'lrt'- anz‘ Mozpnz': n‘ a" to t‘i\‘it;tn

\Ha i r . \llll' to" I stinntgm'm‘l ii‘t \fnnrln_\ that tile :mcrnmt‘nt \rmt; to turn its ll vntcrans' },n,ntt3l\ mr" in i"\ "'lll minlslt‘nlliitt, a'tiimIZli tnfﬁitta‘ m: rim-min :uarnrtr‘ci for “‘0

\.‘..rv.j.1.

;, -.

\l 31m l‘.;" H; Rd: Trip. l.‘t|'\: of the ("unwrivun lnzinn. ‘7, fl ".1‘ upsutpw 1.}."3 ,,

Cup titrm an :HFl‘. and tin-vii um" ' .tl' "

l,t‘mlu"’l in" :Mc‘ﬂl scri'r ; tt’ ‘nr‘ l":t Hunk 3‘1" \f the \t’my \:"l“" and \"' lﬂ’tt't‘r’ \‘rw‘c’h‘tti: ‘\ .vir 'ittmi iwrr. tum inru‘trri "Xe «in not ohu‘r‘ to ri\i"';t". '11 t"; " " \ftr‘nt‘ti " itir‘: 'n hasnm" it'll \'I‘ ll'i'tlk tiim- 1mu'ri "l‘tllv‘i‘i‘. twirl“ it“

[shut-Q art-v --. J 3-_mt

$54,349 wm NOT CLAIMED

\\'l .li’ll'lTY‘ ‘J V ‘tF’ .

1.11.21” h:- io'iuri'r‘lt lit .‘\.|'.' p R -, t tt : :il. row oi Fio'co‘ m: ‘r“,' '\"t1« r‘rt'i nt lilP narin "élf‘ﬂﬂ

: '1.‘r5ttv‘ 4“

'l'wr- itirriult‘ u. \ titm'rrl ‘A an tl‘l Fll‘tl"r.I'ti :v,:'rl: :t‘ rx.’ ' ‘ ' \Vltl‘. it:

fr- l‘t La' Two “me it“ to

‘I‘i

\'."ti[l,l, l

r'ri'n: thc "(‘t‘t2.l'l"ll‘i‘ oi the

mom" titn‘ﬂvtj iItIRJKt't ']'.~.p it u ' lit " 2' Tune unﬂl \l:t It: 2‘ n" ymr ‘o 7'prlr‘"ltl or “45kt”:

~ lllt‘ pro—Confederation

s'itii‘t‘l in ~lw nml two weeks

The nmi mcctin: of the min‘ istt‘rs \ri‘! he held in conjunc- linn u-ili ttw tll'l‘l'l semi-annual national l‘mtl'nrt‘nrp on t P van- tenninl in t‘ha:‘lnttr‘tr‘m'n in late _\]’1l‘il or 0.’lt‘l\' Way

The T43lltl1hlﬂ :rant: for Hip right provinri‘s match the fed- eral mnti"hnimns earmarked mr'mr tnr poi-forman arts cen-

‘li‘t‘s in Charlottetown and Que-

hcr t"tt.\. \\'i1it'll are markin: the tooth annirrrsm'v this year of Confer- cnri‘r- in those provincial capi- ’l'tir‘ tuiit‘“ [ll-\[r‘t'l'l nmt hc‘u: piannrrl we on art: centre in

3 .4 ﬂ 2 .7 1:

llilllfllll': 'tt Hal-fat. n :m-r‘rn- mont nftn‘c hn'lrlin: In Frcrlrr» u-mn whirh o'il permit use of tilt“ old lrzltvlalure as an ar (‘ll'\l"‘. hutlrl'tij. an art- it‘nlre in Winnipeg. 1hr: 2,)t11p ‘n R9. Stun and S11 .katnun, and ar. rirtm lmiid=it:: in Edmonton and \irtoria

Ontario's, ire of HS ?2_5ttn.00n grant has not been domdod,

Algoma Steel Operates At Near Capacity

§\l'l,T RTF, ‘\l\RlF‘,, Ont tf‘l‘i ~\l:oma Siccl t'orp Lid operated at near cannrhy in 1%?- lm‘ the first time :incp its expansion nv'ozram \\'n: started if? mar: :tzo. the annual report any:

\ Mimi: and well halam'rd ricm'iltd for Canadian s‘col :avr the corporation 't; lllii‘rl consec- u‘iw roar ot record production and clttpmt‘lll: :n_\':. this "Fitnrf, ﬂiznrd by President D S limb brook

"l'nloz‘ th‘l'f‘ should he an Uttf‘\Pt‘t'iN'l (iron in the :cnrrnl im‘e‘. of husinrs. in Canada In thr ncar future. ll seems likolv thr inward trcnrl in per mow; sim‘i (‘f‘lllSlllllDllnt‘l and dcmand for strol products will remain l'l'Ei‘t throuL‘h llllfl mm "

'l'lw rcoort smrl the rm'rtﬂ'] lmit Hill :ponrl :ltlJtl‘ltlntltt on further rynnnztnn and ininimr man this \‘car. t'.'ll'\itt'1 A‘, cnmn's invrstmcn' in morlcrni. Iatmn sillf'f‘ Hill to Silllﬂtltlﬁtlll

Slizhtir more than half the 31‘.“(‘t]1.“ll(‘!l \prnrlvn". I‘m: rch “Ni? :0 into rnrnplctinn of a how wide I'nlrl-sll‘ip mill now under t‘OnFll'llf‘llOn_

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