Hon. George C. Nowlan (Digby-Annapolis-Kings):
I wonder whether I may direct a
Inquiries of the Ministry question to the Minister of Finance, notice of which has not been given to him; he may have anticipated it, however, from a news story which appeared in the Globe and Mail this morning. If not, I am sure he will take this as notice and reply to my question later.
I should like to ask what progress is being made with respect to the renegotiation of the tax treaty between Canada and the United Kingdom. Would the hon. gentleman also comment on a statement made yesterday in Toronto that in the budget brought down in London the withholding tax is to be 42J per cent in respect of Canadian corporations which are not protected by the tax treaty?
Subtopic: INQUIRY AS TO NEW CANADA-U.K. TAX AGREEMENT