* f

- administration,

‘random.

Finance Minister Michael] .

"Wilson is scheduled to
. issue a major overhaul! of

the Canadian taxation sys-
tem on June 18, but a rep--

resentative of a major pro-

fessional organization of
accountants told a Terrace
audience recently there’s
little hope for significant
improvements in the sim-
plicity, fairness or eco-

nomic effectiveness of . !
_ tives he intends to meet in

next month’s reform pac: :
‘kage. The proposed objec-

tives.are fairness, simplici- .
economic _
. growth, Canadian prior-’.

taxes.
. by Michael Kelly

During an address to
the Terrace District
Chamber of Commerce
Heather Shannon,
vice-president of the B.C.
Institute of Chartered Ac-
countants, said she’s look-
ing forward to the changes

- With a mixture of ‘‘anxie-

ty, curiousity and dread’’.
’ Shannon indicated the-

government has all the in-
‘formation it needs to

come. up, with sound and

Job creation budget announced for Terrace

‘TERRACE —_.

Stan
Hagen, the B.C. Minister
of. Advanced Education
‘and Job Training, an-
nounced during a recent
visit to Terrace the provin-
cial government will de-

vote $80 million this year
to its JobTrac program.

Terrace was the last
stop on Hagen’s province-
wide tour of community
colleges and universities.

He spent an afternoon at

Northwest Community
College meeting faculty,
board

members and students.

.Hagen said he finds it im-

portant to stay in touch
with the institutions and
intends to make periodic
visits during his term as

ace Review — Wednesday, May 2, 1987

nstitute rep V views. tax reform v

‘TERRACE — Federal

first -

approachable tax policy,

‘but she expressed reserva-

tions about the Progres-
sive Conservative regime’s
political will to implement

‘such a policy. ‘‘Does this:

government have the cour-

age to do it right? I have

my doubts, They’re too.
concerned about popular-
ity,’? she said.

In a guideline document.
issued late last year Wil-.
son announced the objec-

ty, balance,

ities, provisions for transi-
tion from the old system
to the new one, and con-
sultation, ;

“It’s hard to argue with
the desirability of our tax
system acheiving these ob-
jectives. The question to

ask is will it be worth it”

and can they do it,’* Shan-
non said.
- The removal of tax shel-

minister.

Community colleges

will be one of several
elements in the JobTrac
program, which is directed
at placing employmeat-
disadvantaged people in
‘the workforce and keeping
them there. The
‘program’s budget will be
used mainly to provide a
50 percent wage subsidy to

employers who hire eligi-_
ble individuals .in certain:

types of projects.

A total of eight minis-
tries will be involved in
JobTrac, with each mini-
stry administering its por-
tion of the program in-
dependently. Examples
given by Hagen of the
sorts of projects that

| Winner

Teen Pickerell, Sherry Cor-

der, Jill Chueden, Linda

- Rosentreter and Thecla

Fladhamer, met regularly
after fitness classes for
coffee. Every day they
would scratch their Mc-
Million hoping to find the
winning number 3 to the

puzzle. One day there it.

was, said Bone. I won.
I’m a winner.

Hilcove said 120 cars —
were given out across
Canada, completely at
“This averages

Water study — continued from page 1

services, They could form
a Water District, that’s the
normal way to go. If they
don’t want a community
plan they should come up

- with something on. their

own,’’? Weeber said, He

also noted that despite the:

proximity of Terrace
North to a municipality
the area is no different
from numerous other un-

organized areas in the reg-

ional district, and he said
granting the study could

- set-a precedent that would

open the door to numer-

ous .other réquests- of the

same natur e.

_— continued from page 23 .

out. to one car for every

four stores’’, he said,
‘Terrace was pretty. for-
tunate to have had a win-
ner’’, Both Hilcove and
Jim McEwan congratu-
lated the young mother,
winner of a 1988, red Cor-
sica,

Bone will: receive the
keys to her new car, in.ap- -

proximately ‘three. to four
weeks.

expect delivery’’, said

-McEwan.

‘js his —

“That’s when we .

ters for high income earn-

“ers in an effort to create

more fairness in the sys-
tem would have the effect

of unpredictably changing
-the investment pattern in.

Canada, she noted. Some
of . the ‘investment incen-
tives could be changed for
the’ better, she ‘said.

‘Past programs, al-—

though well intentioned,

have simultaneously cost
the federal treasury mil- —

lions of: dollars in lost

‘taxes while encouraging

worthless investment.
“Investment decisions are
made, not based: on’ the
quality of the investment,

but how much income tax

‘the investment can save,’”’
- Shannon observed.

- Wilson has indicated he

. will try to simplify the tax

puzzle for average income
earners by reducing the
number. of tax brackets
from: ten to three. “If that
idea of simpli-
fication, we are in trouble
- big trouble. It just won t

would: : qualify. ‘included. .
community programs such -

as the rehabilitation of
historic sites, various
kinds of silviculture work,
and the provision of first-
time employment for post-
secondary school gradu-
ates in nearly any field.

~ Hagen said JobTrac
puts all the government
training and employment
resources into. a single
thrust intended to provide
workers with the abilities
to get work and ‘remain

employed. Counselling

will be given in the areas

of job search and resume -

preparation, and each
project will be designed to
provide the employee with
fresh skills. a

Bandshell project renewed -
by effort of community —

_ forts by what he described
as a “big and enthu-

- TERRACE — . The band-

shell originally planned
for George M.. Little
Memorial Park as part of
Terrace’s Expo Legacy
project, and later deleted,
has apparently gained a
renewed existence.

Ald. Bob Jackman
stated at the May 25
meeting of Terrace council
that the project is going

ahead due to volunteer ef- —

-emptions,
- rates of equipment depre-
‘ciation, predicting con-
‘tributions to Registered.

digit.

a ido)? ‘she: said: and. noted
“that the real obstaclés in-

volved needlessly compli-
cated items such “as cal-
culating ‘capital gains ex-
determining

Retirement Savings Plans,

. forward averaging of in-
come and. establishing -
. eligibility for the alternate

minimum tax. ‘‘The com-
plexities in the tax system
introduced by Michael

Wilson are staggering. I‘m
. Suspicious that simplicity
will be the last thing we'll .

see,”’ she said.

The return of double-
inflation and .a
nightmare of escalating

paperwork are two poten-
tial results of the proposed.
Business’ Transfer Tax.
, that may replace the feder-
al sales-tax. Shannon said

Wilson hopes to reduce

-both individual and cor-

porate income taxes by

collecting more revenue

One portion of the pro-
gram is directed at em-
ployable individuals. .pre-

sently . living on ‘social
_ assistance;
designed for women enter-

another is

ing non-traditional . oc-

_cupations. Other segments
. of the program are aimed
at industrial training,
- employment and training

for the disabled, new

‘graduates .of vocational

and academic post-
secondary programs and

‘people. entering -the .
workforce for the first

time.

Contact | ‘agencies,

- depending on the nature

of the individual project
and category of work

secker, will be the local

siastic’’ group of local
people. —

~ Jackman said the finish:
ed structure will be nearly

identical to the original

proposal, but ‘the initial

estimate of $35,000 for

building it will be greatly
reduced by donations of

skilled labor.

Architectural . services

Chairman Les Wat-
mough advised Weeber
that the regional district
would pay the cost of the
study but not the cost of
the water system. Weeber,
however, asked if the reg-
ional district would be
prepared to pay for a
series of similar studies in
other areas.

Director Alice Maitland

expressed the belief. that

the funding of such stud-
ies is one of the functions
of a regional district, and
she added, ‘After all, it’s
their tax money.”
‘Marcellin informed the

board that the formation
of Water Districts and Im-

provement Districts: has

fallen out of favor with
the Ministry of Municipal
Affairs in recent years and

a preferred method of de-.
velopment. would be’ to.

designate Terrace North
as a Specified Area of the
Tegional district.

Marcellin : said results :

from the tender call for
the feasibility study may
be available at the next
meeting.

The . board . will ‘meet
again June 2 27 in Kitimat.

Pool |

continued from page 1 _"
‘in rot in a part of the ceil-

ing, and the: expansion

‘ would have corrected it.

“Tf something isn’t

‘done, we'll be looking at

major renovations some-

where down the roa ”

Clark said.

Council resolved to
table the referendum mo-
tion until June 22. .Detail-
ed cost: estimates. for the
project are expected by

‘that date. .

from. the sale, of sae vf

and ‘services ‘in Canada,

The ‘Business. Transfer’

Tax; like the Value-Added

Tax '-being used in’ some:

other nations, would ‘tax

products. at -every . stage
from raw material refine-
_ment to purchase by con-
‘sumers. It is intended’ to

replace the current 12 per-
cent federal sales tax. ap-
plied at the manufacturing

point with’ a“ lower rate.

that’s applied at more

levels and on a: greater’

range of goods. and. ac-

tivities.

Shannon stated there i is
evidence from other coun-
tries where the system has
been introduced ‘that. it
contributes to. higher. in-
flation rates. In addition,
she said, the number of
businesses and individuals
collecting, calculating and
reporting the tax would go
from the current 60,000 to
over 1.5 million. -.

The range of items sub-
ject to the tax is not clear.

Ministry ‘of ‘Forests and

‘Lands, Ministry of Lab-
-our, community college,
-Ministry of Social Services

and. Housing: or govern-

‘ment agent. The toll-free
information line for Job- |
‘Trac is: .

1-800-972-TRAC.

Hagen noted that Job-
Trac’is an entity separate

‘from Challenge °87 and
-FORSAR and it is not a
joint project with the

federal government.
As an incentive for

young students to begin .
thinking about post-
secondary
-Hagen’s ministry will

‘training,

begin what he called a
‘‘passport to education’’
program. Top academic

are being contributed by
Doug Soutar and engin-
eering will be provided by
John Morgan, Jackman
said. Commitments have
also been obtained from
local carpenters and elec-
tricians, he added.

The City of Terrace has
set aside $8,500 for the

“How would Canadians
| feel about:a’ tax on food?. | -

How would you impose a |
tax on interest payments? —

What about. real .estate? °~
Do you pay a tax:when a |
building is-purchased and =~
. then another tax.on: every
“‘month’s rental income?”
-she asked, and ‘then of-
fered some advice. “‘,..do -
not enter into -any ‘Tong a

term contracts . without

having a‘provision in the _
contract. for the proposed -

value added tax. And |

mean. a contract on any- —

thing, including - consul-
ting services, janitorial.
services, as well as fixed
asset purchases.”

“The government has

indicated that :they’ are
looking for.a shift of the

tax burden :and not to in-.
crease the overall tax bur-

den to taxpayers‘in Can-

ada. If you -believe that, — |
I’ve got a bridge I'd like to
sell you,?” she concluded, aan

achievers: in, Grades 013
“will begin receiving dollar

amount credits that ‘ will -
‘accumulate through. their
years in secondary school,

and the total can be ap---_
plied toward post-secon-
dary school for students .
‘who decide to continue

their educations, Hagen

said one‘of the benefits of: ao,

the program is that it may~ ~*~
_cause people who other-
wise would not consider
: post-secondary. education

to give it serious thought,

Hagen said the ‘credits 7

are.tied to academic stan-
ding because ‘‘we want to.
encourage excellence and

hard work i in school’”.

project,.

Jim Ryan . indicated . re-

cently: the association has -

raised about $3,500.
Jackman suggested there

_mayalsobealotteryfoun-
‘dation grant applicationin

the works,

_Grad as usual

| TERRACE — Caledonia
- Senior. Secondary School .

principal William Sturn
recently confirmed this

year’s graduating class -

will’ celebrate matricula-
tion in the traditional way
on June 19, unaffected by
instruction-only actions of
-teachers,

The greatest part of
organizing the ceremonies

and festivities is usually.

done by the students
themselves, he added.

Parents, grad sponsors.

and others involved in the
events will have an infor-
mation meeting June 1 at
7:30 p.m, in the Caledonia

at the meeting will include

RCMP Cst. Ewen Harvie
and Terrace coroner
James Lynch. -

Lynch recently confirm-
ed he is investigating the

‘accidental death of a

young Terrace area man
who lost control of his car
while returning from an
all-night. party north of
Terrace on May 10.. —
On the same date three
young offenders involved

. in other motor vehicle ac-
‘cidents were charged by

RCMP. Two have been
charged with driving while

impaired, and one was -

‘charged with refusing to

La Library. Resource people, Prowies ae

provide a blood sample. _ :

and: ‘musicians’ _
association representative

Lene ee