November 7, 1951

INCOME TAX

REMISSION TO COMPANIES SINCE JANUARY 1, 1950

PC

Mr. Diefenbaker:

Progressive Conservative

1. What are the names and head offices of all companies for whom remission of any part of Income tax has been made, since the first day of January, 1950?

2. What was the total amount of the remission In each case?

Topic:   INCOME TAX
Subtopic:   REMISSION TO COMPANIES SINCE JANUARY 1, 1950
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LIB

James Joseph McCann (Minister of National Revenue)

Liberal

Mr. McCann:

1 and 2.

Location of Amount of

Head Office Remission

Montreal, P.Q. $ 352,232.48

Montreal, P.Q. 3,855.31

3,263.20

Vancouver, B.C. 11,007.48

21,978.43

Toronto, Ont. 9,302.81

Montreal, P.Q. 161,219.44

Welland, Ont. 372,230.47

Regina, Sask. 4,809.55

Toronto, Ont. 11,173.86

Corner Brook,

Newfoundland 941,084.83

Corner Brook,

Newfoundland 5,421.56

Topic:   INCOME TAX
Subtopic:   REMISSION TO COMPANIES SINCE JANUARY 1, 1950
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FOREIGN EXCHANGE CONTROL BOARD

EMPLOYEES

PC

Mr. Macdonnell (Greenwood):

Progressive Conservative

1. How many employees had the foreign exchange control board immediately prior to September, 1949?

2. How many employees has the foreign exchange control board now?

3. What is the total cost, direct and indirect, of the foreign exchange control board?

4. Is there any restriction on the movement of capital into Canada?

5. If so, on what basis?

6. Are there restrictions on the movement out of Canada of capital?

7. If so, on what basis?

Topic:   FOREIGN EXCHANGE CONTROL BOARD
Subtopic:   EMPLOYEES
Sub-subtopic:   MOVEMENT OF CAPITAL
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LIB

James Sinclair (Parliamentary Assistant to the Minister of Finance)

Liberal

Mr. Sinclair:

1 and 2. In accordance with the Foreign Exchange Control Act, the staff required by the foreign exchange control board is furnished by the Bank of Canada. The number of Bank of Canada staff engaged on duties for the board was 461 on August 3, 1949, and 354 on October 31, 1951.

3. The cost of administration of the Foreign Exchange Control Act in 1950 was $1,412,336 of which $1,183,987 consisted of expenditures

by the Bank of Canada for staff, premises, office supplies and equipment, and travelling expenses and $228,349 consisting of other expenditures made out of moneys appropriated by parliament. The operations of the exchange fund account in 1950 (which do not reflect the administrative costs referred to above) resulted in an excess of revenue over expenditure of $7,400,588 which was transferred to the consolidated revenue fund. The expenditures of the account included interest payments amounting to $7,377,884 on advances from the consolidated revenue fund.

4. No.

5. See answer to No. 4.

6. Yes.

7. Movements of capital out of Canada fall into two classes: (1) withdrawals of capital invested' in Canada by non-residents, and (2) exports of capital by residents.

The principal restrictions on withdrawals of capital by non-residents at the present time are:

(a) Except in the case of securities bought outright in Canada since the commencement

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of exchange control and registered with the foreign exchange control board, residents of United States dollar area countries are not ordinarily permitted to sell Canadian securities in Canada and withdraw the proceeds by buying exchange in Canada or transferring Canadian dollars. They may sell such securities only for the purpose of immediately exchanging them for other Canadian securities. Any Canadian securities owned by nonresidents may, however, be exported from Canada and sold outside Canada to other non-residents.

(b) The withdrawal of capital employed at the commencement of exchange control in a Canadian subsidiary or branch of a parent company or head office resident in a United States dollar area country is not ordinarily permitted; by a transfer of funds. Such capital may, however, be invested in Canadian securities which may be exported from and sold outside Canada.

The use of Canada's U.S. dollar resources for the purpose of enabling residents to export capital from Canada is not ordinarily permitted, except in the following cases:

(a) Applications are ordinarily approved for new direct investments where they are likely to produce exports from Canada or secure sources of imports and also applications to exploit patent rights abroad, acquire

distribution franchises similar to those operated in Canada and, generally, to establish, businesses abroad similar to those carried on in Canada by the applicants.

(b) Distributions from Canadian estates to non-resident beneficiaries are permitted.

(c) Charitable donations and gifts and loans to near relatives are permitted in reasonable amounts.

(d) Residents are permitted to discharge at maturity debts to non-residents incurred prior to the commencement of exchange control or incurred after that date with the approval of the board.

(e) Emigrants from Canada are authorized to transfer up to $25,000 in cash and, upon investing any additional cash assets in Canadian securities, may export the latter for sale outside Canada if they wish to do so.

Topic:   FOREIGN EXCHANGE CONTROL BOARD
Subtopic:   EMPLOYEES
Sub-subtopic:   MOVEMENT OF CAPITAL
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PRODUCTION, INVESTMENT OF CAPITAL, ETC.

LIB

Mr. Gingues:

Liberal

1. What amount of capital has been invested to date by oil companies in the province of Alberta?

2. What were the quantities of oil produced during the years 1948, 1949 and 1950?

3. What royalties are paid, per gallon, barrel or ton, by such companies, to the government of the province of Alberta?

4. What was the aggregate amount of such royalties during the years 1948, 1949 and 1950?

Topic:   PRODUCTION, INVESTMENT OF CAPITAL, ETC.
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LIB

Mr. Mcllrailh: (Parliamentary Assistant to the Minister of Defence Production; Parliamentary Assistant to the Minister of Trade and Commerce)

Liberal

1. Investment of Oil Companies in Province of Alberta, 1949-51

(Thousands of Dollars)

Oil petroleum, crude

Petroleum refining and products Pipe lines

Total

Oil petroleum, crude

Petroleum refining and products Pipe lines

Total

Oil petroleum, crude

Petroleum refining and products Pipe lines

Total

Capital Repair

Buildings Machinery Buildings Machinery

Total

26,975 1,537 1,868 9,573 1,502 386 215 69 17 1,933 1,167 72 38,696 4,275 2,34330,380 11,461 301 3,172 45,31433,886 9,189 294 1,682 45,051284 5,151 39 1,250 6,7241,339 316 35 135 1,82535,509 14,656 368 3,067 53,60040,639 9,681 242 1,984 52,5465,635 322 1,299 344 7,6001,124 572 30 120 1,84647,398 10,575 1,571 2,448 61,992

Note: 1949 Actual, 1950 Estimate, 1951 Anticipated. For earlier years, information not available.

(Mr. Sinclair.]

2. Production of Crude Petroleum in Alberta.

Barrels of

Calendar 35 Imperial

Year Gallons

1948 10,888,592

1949 20,087,418

1950 27,548,169

3. Information department. not available in this4. Information department. not available in thisUNGAVA MINING AREAS INVESTMENT OF

Topic:   PRODUCTION, INVESTMENT OF CAPITAL, ETC.
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CAPITAL, ROYALTIES, ETC.

LIB

Mr. Gingues:

Liberal

1. What amount of capital has been invested by the company or companies for the development of the Ungava mining areas?

2. What royalties are paid, per ton, by such companies to the government of the province of Quebec?

3. What amount has been received by the province of Quebec during the years 1948, 1949 and 1950, from such royalties?

Topic:   CAPITAL, ROYALTIES, ETC.
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LIB

Mr. Mcllrailh: (Parliamentary Assistant to the Minister of Defence Production; Parliamentary Assistant to the Minister of Trade and Commerce)

Liberal

1. One company only is involved, hence details of its operations cannot be divulged (Statistics Act, S. 15).

2. Information department. not available in this3. Information department. not available in this

Topic:   CAPITAL, ROYALTIES, ETC.
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PERCENTAGE INCREASES SINCE 1939 IN VARIOUS GOODS AND PRODUCTS

LIB

Donald Smith

Liberal

Mr. Smith (Queens-Shelburne):

What is the percentage increase since 1939 in (a) farm prices of agricultural products; (b) wholesale prices of agricultural products; (c) wholesale prices of manufactured goods; (d) wholesale prices of meat products; (e) wholesale prices of fishery products?

Topic:   PERCENTAGE INCREASES SINCE 1939 IN VARIOUS GOODS AND PRODUCTS
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LIB

George James McIlraith (Parliamentary Assistant to the Minister of Defence Production; Parliamentary Assistant to the Minister of Trade and Commerce)

Liberal

Mr. Mcllrailh:

(a) Farm prices of agricultural products, 210-2'; (b) Wholesale prices of farm products, 174-2-; (c) Wholesale prices of fully and chiefly manufactured goods, 139 -2a; (d) Wholesale prices of meats (fresh, cured and fowl), 219 [DOT] 5-; (e) Wholesale prices of fishery

products, 175-8=.

1 As of August 15, 1951.

2 As of September 15, 1951.

Topic:   PERCENTAGE INCREASES SINCE 1939 IN VARIOUS GOODS AND PRODUCTS
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PENSIONS

CLAIMS AGAINST ESTATES OF DECEASED RECIPIENTS

LIB

Mr. McCulloch:

Liberal

1. Under the new pension plan providing pensions without a means test for persons 70 years of age and over, paid under the authority of the Old Age Security Act, will any claims be lodged against the property of pensioners after their death?

2. Under the Old Age Assistance Act, parsed at the last session of parliament, enabling the federal

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government to join with the provincial governments in providing assistance on a means test basis to persons 65 years of age to 69, will any claims be lodged against the estates of deceased recipients of assistance after their death?

3. Under the new Blind Persons Act, passed at the last session of parliament and providing for the payment of allowances to blind persons between the ages of 21 and 69, will any claims be lodged against the estates of deceased recipients of the blindness allowance after death?

4. What will be the position of pensioners presently in receipt of pension under the Old Age Pensions Act after it ceases to operate on December 31, 1951, with respect to liens which may now be placed against their property and claims for repayment which may now be lodged against their estates?

Topic:   PENSIONS
Subtopic:   CLAIMS AGAINST ESTATES OF DECEASED RECIPIENTS
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November 7, 1951