May 14, 1964 (26th Parliament, 2nd Session)

PC

Maclyn (Mac) Thomas McCutcheon

Progressive Conservative

Mr. Mac T. McCuicheon (Lambion-Kent):

I have no intention of taking up much time or of delaying the progress of this measure but I should like to repeat, as the hon. member for Middlesex West (Mr. Thomas) has pointed out, that there is opportunity in this legislation for discrimination. I direct the minister's attention to clause 3, which has to do with the end of the taxation year and the period within which payment may be made into a registered pension fund or plan. An employer is now to be permitted to make payments into these funds 120 days rather than 60 days after the end of the taxation year, whereas the ordinary individual is limited to 60 days. It seems to me that under this provision there is a chance of discrimination taking place, and I direct the hon. gentleman's attention to it although I am abundantly certain that this was not his intention.

Topic:   INCOME TAX ACT
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