June 22, 1943

INCOME TAX

EXTENSION OF FILING DATE FOR T2 QUESTIONNAIRE IN RESPECT OF 1942 CORPORATE RETURN


On the orders of the day:


LIB

Colin William George Gibson (Minister of National Revenue)

Liberal

Hon. C. W. G. GIBSON (Minister of National Revenue):

On June 15 the hon.

member for Cumberland (Mr. Black) asked whether the time would be extended for the filing of income tax returns for 1942, pointing out that chartered accountants and business firms would find it almost impossible to file their returns by the prescribed date. I said that at that time no change was contemplated; but I should now like to announce that to-day a notice is being sent out to all inspectors of income tax, as follows:

You may advise the public in general that there will be no extension in the time of filing the required individual and corporate income

tax returns which are due on 30th June. This does not apply to the information return known as T2 questionnaire which has been introduced for the first time this year and requires considerable care and attention in its preparation. Inasmuch as it is supplementary to the T2 corporate return this is to advise that penalties will not be imposed in respect to the fiscal year ending 31st December, 1942, if the T2 questionnaire is lodged on or before 31st July, 1943, provided that the T2 questionnaire is signed not only by the required officials of the company but also accompanied by the auditor's supporting certificate, without which the time is not extended. No extension will be granted for the filing of T2 questionnaire in respect of fiscal periods ending after 31st December, 1942.

A considerable amount of work is entailed in the preparing and certifying of this questionnaire, and it is considered that by extending the time for filing it, considerable relief will be afforded.

Topic:   INCOME TAX
Subtopic:   EXTENSION OF FILING DATE FOR T2 QUESTIONNAIRE IN RESPECT OF 1942 CORPORATE RETURN
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NAT

Richard Burpee Hanson

National Government

Mr. HANSON (York-Sunbury):

Of course that is another question. The questionnaire is another document.

Topic:   INCOME TAX
Subtopic:   EXTENSION OF FILING DATE FOR T2 QUESTIONNAIRE IN RESPECT OF 1942 CORPORATE RETURN
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LIB

Colin William George Gibson (Minister of National Revenue)

Liberal

Mr. GIBSON:

No, it has to be filed with the return.

Topic:   INCOME TAX
Subtopic:   EXTENSION OF FILING DATE FOR T2 QUESTIONNAIRE IN RESPECT OF 1942 CORPORATE RETURN
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NAT

Richard Burpee Hanson

National Government

Mr. HANSON (York-Sunbury):

It has to be filed with the corporate return; but I thought that in the other case referred to the minister was giving consideration to an extension.

Topic:   INCOME TAX
Subtopic:   EXTENSION OF FILING DATE FOR T2 QUESTIONNAIRE IN RESPECT OF 1942 CORPORATE RETURN
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LIB

Colin William George Gibson (Minister of National Revenue)

Liberal

Mr. GIBSON:

The T2 questionnaire is filed in conjunction with the T2 form, and I understand after consultation with the accountants that it is the T2 questionnaire which has been holding them up, because it requires so much care in preparation, and must be certified by the accountant.

Topic:   INCOME TAX
Subtopic:   EXTENSION OF FILING DATE FOR T2 QUESTIONNAIRE IN RESPECT OF 1942 CORPORATE RETURN
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PC

Joseph Henry Harris

Progressive Conservative

Mr. HARRIS (Danforth):

Did I understand the minister to say that firms whose fiscal year ends later than December 31, 1942, would of necessity have to file form T2 questionnaire before June 30?

Topic:   INCOME TAX
Subtopic:   EXTENSION OF FILING DATE FOR T2 QUESTIONNAIRE IN RESPECT OF 1942 CORPORATE RETURN
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LIB

Colin William George Gibson (Minister of National Revenue)

Liberal

Mr. GIBSON:

No, they do not file this until six months after the close of the business year, so that they would not be filing it by June 30, in any case.

Topic:   INCOME TAX
Subtopic:   EXTENSION OF FILING DATE FOR T2 QUESTIONNAIRE IN RESPECT OF 1942 CORPORATE RETURN
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WAR APPROPRIATION BILL

PROVISION FOR GRANTING TO HIS MAJESTY AID FOR NATIONAL DEFENCE AND SECURITY


The house resumed from Monday, June 21, consideration in committee of a resolution to grant to his majesty certain sums of money for the carrying out of measures consequent upon the existence of a state of war-Mr. Ilsley-Mr. Bradette in the chair.


MUNITIONS AND SUPPLY

LIB

Joseph-Arthur Bradette (Deputy Speaker and Chair of Committees of the Whole of the House of Commons)

Liberal

The CHAIRMAN:

We are considering

item 5.

Topic:   MUNITIONS AND SUPPLY
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LIB

Clarence Decatur Howe (Minister of Munitions and Supply)

Liberal

Mr. HOWE:

At the last sitting there was some discussion about the contract for war-time

3876 , COMMONS

War Appropriation-Supplies-Housing

houses in the city of Hull. At that time I had not studied the situation as I have this morning. I should like to be fair to the hon. member for Mackenzie (Mr. Nicholson) and therefore I wish to put on Hansard a reconciliation of the three returns that were filed. Two of the returns were accurate but the third return failed to allow for certain expenditures made at Hull on account of a project at Ottawa for forty houses. The wood work and framing for the Ottawa project were carried out in the plant at Hull, and the charges were carried with the Hull charges for a time and then charged back to Ottawa in the ordinary course. There was one return that failed to take account of that charge against the Hull houses, with the result that the return brought down indicated that the 50-house project cost about $1,000 per house more than it actually cost. If I can place this reconciliation on Hansard, I do not need to read it. It is a series of figures, and my hon. friend will find it is quite satisfactory in reconciling the three returns brought down.

Topic:   MUNITIONS AND SUPPLY
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CCF

Major James William Coldwell

Co-operative Commonwealth Federation (C.C.F.)

Mr. COLDWELL:

In view of the fact that the minister went after the member for Mackenzie rather hard yesterday on this particular matter and now brings in a report indicating pretty much that the member was correct in his statements-

Topic:   MUNITIONS AND SUPPLY
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LIB
CCF

Major James William Coldwell

Co-operative Commonwealth Federation (C.C.F.)

Mr. COLDWELL:

The information that the minister had was wrong. I suggest that care should be exercised about these matters. I had an experience of this sort with the Prime Minister with which I have not done yet. I was given quite a castigating in the house for statements I made which were absolutely correct. Every care should be exercised to see that this kind of thing is not done. I noticed the lecture read to the member for Mackenzie yesterday and I felt he had good reason to resent it.

Topic:   MUNITIONS AND SUPPLY
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June 22, 1943