March 29, 1945 (19th Parliament, 6th Session)


James Lorimer Ilsley (Minister of Finance and Receiver General)



If there had been a profit in the year prior to that or in any of the three following years the $15,000 could be subtracted. It could be extracted from the profits of the previous year to the extent of those profits, and then further subtractions could be made for the succeeding three years. In that way the loss would be spread over a five year period.

Topic:   EDITION
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