William Alexander MCMASTER

MCMASTER, William Alexander, Q.C.

Personal Data

Party
Progressive Conservative
Constituency
High Park (Ontario)
Birth Date
February 1, 1879
Deceased Date
March 4, 1961
Website
http://en.wikipedia.org/wiki/William_Alexander_McMaster
PARLINFO
http://www.parl.gc.ca/parlinfo/Files/Parliamentarian.aspx?Item=04ff51e6-2d81-46d9-96be-43df0ab775ea&Language=E&Section=ALL
Profession
lawyer

Parliamentary Career

June 11, 1945 - April 30, 1949
PC
  High Park (Ontario)

Most Recent Speeches (Page 2 of 90)


March 22, 1949

Mr. McMaster:

Do they go into the market?

Topic:   FOREIGN EXCHANGE CONTROL ACT
Subtopic:   CONTINUANCE IN FORCE UNTIL SIXTY DAYS AFTER OPENING OF FIRST SESSION OF PARLIAMENT IN 1951
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March 22, 1949

Mr. McMaster:

I should like to ask a question arising out of an answer given to the hon. member for Kamloops. The minister said that the foreign exchange control board is in the market. Does the foreign exchange control board acquire any considerable sum of money except such funds as the people are bound to hand over to them of the United States dollars they receive?

Topic:   FOREIGN EXCHANGE CONTROL ACT
Subtopic:   CONTINUANCE IN FORCE UNTIL SIXTY DAYS AFTER OPENING OF FIRST SESSION OF PARLIAMENT IN 1951
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March 14, 1949

1. What amount of accelerated depreciation to date has been allowed to individuals or firms for the purpose of (a) erecting or extending or improving buildings: (b) other purposes?

2. What were the amounts of the ten largest allowances for (a) buildings; (b) other purposes?

GOVERNMENT PRINTING CONTRACTS Mr. Stephenson:

1. What was the cost per year of government printing contracts let to private individuals, firms or publishing organizations from January 1, 1940 to December 31, 1948?

2. Were any of the above contracts let to publishers of weekly newspapers? If so, to what papers and what amount each year during the above period?

Topic:   QUESTIONS PASSED AS ORDERS FOR RETURNS
Subtopic:   ACCELERATED DEPRECIATION
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June 23, 1948

Mr. McMASTER:

There are several questions I wish to ask and perhaps the minister can answer them all at the same time.

I would like to know whether the regulations when they are made will be published, and also why parliament should not be asked to approve of such regulations.

I would like to know why the sum of $900 has been fixed as the maximum for contributions to pension funds, whether or not a larger percentage should be allowed, perhaps to the man in the lower brackets, and to what extent

Income Tax Act

it will help him as against loss to the public as a whole of its revenue.

I come now to clause (j), which refers to the amount allowed to the taxpayer who is separated from his wife. I think the converse applies when the wife separates from her husband. I would like to know whether or not this puts the taxpayer who is separated from his wife in a preferred position in the matter of income tax. As I understand it, most of us are allowed S750 as exemption on account of having a wife, which is not always sufficient to meet what we actually spend for her; yet if a man is separated from his wife he is allowed an expenditure of perhaps $2,000 or $3,000 if his payments amount to that much. The maximum should be $750. I will admit that the wife is taxed also, but as to those in the lower income tax brackets, the wife might have little other income and she would be in a preferred position.

Then we come to subsection 5(a), the capital cost of property. Again I would like to know what the capital cost of property is. How is it arrived at? I believe that in some -cases property when transferred, having been depreciated once, starts once again on the 'long road of depreciation for the new owner. I would like to know how the department intends to arrive at the capital cost.

Topic:   INCOME TAX ACT
Subtopic:   REVISION AND CONSOLIDATION
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June 23, 1948

Mr. McMASTER:

What is the practice with regard to people who go to work transitorily, work maybe for a week in Canada and then leave the country? I refer to somebody coming in here, making perhaps $2,000 or $3,000 in a week's work and then leaving the country. In the United States I believe means are available for collecting income tax at the time.

Income Tax Act

Topic:   194S
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