April 25, 1944 (19th Parliament, 5th Session)

LIB

Colin William George Gibson (Minister of National Revenue)

Liberal

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

I should like to clarify the previous statement I made on March 27 concerning the extension of time for the payment of income tax by individuals. Strictly interpreted the statement would exclude those taxpayers who pay their taxes on the quarterly
instalment plan. I should like to make it clear that taxpayers who have estimated their tax on a quarterly instalment basis, as required by the Income War Tax Act, will be granted until August 31 to pay, without interest, any additional tax that may be owing over and above what was estimated.

Topic:   INCOME TAX
Subtopic:   POSTPONEMENT UNTIL AUGUST 31 OP BALANCE OWING ON QUARTERLY INSTALMENT BASIS
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