Hon. E. N. RHODES (Minister of Finance) moved that the house go into committee tomorrow, to consider the following proposed resolution:
-tTTTllam .is expedient to amend the Income War lax Act and to provide,-
1. That ministers, commissioners, officers, servants and employees of the government resident outside of Canada be made liable for income tax.
2. That when the assets or shares of a company, having on hand undistributed income at the end of 1929, are sold directly or through an intermediary to a company, which company issues shares, bonds, notes or other like documents as fully paid up by capitalizing the said undistributed income, then on the redemption ol such documents the company redeeming shall pay a tax of four per centum on the amount ol such document redeemed.
3. That the time of filing information returns he advanced from March 31st to the last day ol February in each year.
i. That the provisions of the said act with respect to personal corporation be amended to make them more certain in their application.
He said: His Excellency the Governor
General, having been made acquainted with
the subject matter of this resolution, recommends it to the favourable consideration of the house.
Motion agreed to.