James Joseph MCCANN

MCCANN, The Hon. James Joseph, P.C., M.D., C.M., LL.D.

Personal Data

Party
Liberal
Constituency
Renfrew South (Ontario)
Birth Date
March 29, 1887
Deceased Date
April 11, 1961
Website
http://en.wikipedia.org/wiki/James_Joseph_McCann
PARLINFO
http://www.parl.gc.ca/parlinfo/Files/Parliamentarian.aspx?Item=244e5dd5-8204-499b-b3f4-e73e59016198&Language=E&Section=ALL
Profession
physician

Parliamentary Career

October 14, 1935 - January 25, 1940
LIB
  Renfrew South (Ontario)
March 26, 1940 - April 16, 1945
LIB
  Renfrew South (Ontario)
June 11, 1945 - April 30, 1949
LIB
  Renfrew South (Ontario)
  • Minister of National War Services (April 18, 1945 - January 18, 1948)
  • Minister of National Revenue (August 29, 1945 - November 14, 1948)
  • Minister of National Revenue (November 15, 1948 - June 20, 1957)
June 27, 1949 - June 13, 1953
LIB
  Renfrew South (Ontario)
  • Minister of National Revenue (November 15, 1948 - June 20, 1957)
  • Minister of Mines and Technical Surveys (January 18, 1950 - December 12, 1950)
August 10, 1953 - April 12, 1957
LIB
  Renfrew South (Ontario)
  • Minister of National Revenue (November 15, 1948 - June 20, 1957)

Most Recent Speeches (Page 1 of 865)


April 12, 1957

Hon. J. J. McCann (Minister of National Revenue) moved

the second reading of Bill No. 413, to implement an agreement between

Canada and the Netherlands for the avoidance of double taxation with respect to income tax.

Topic:   INTERIM SUPPLY
Subtopic:   INCOME TAX
Full View Permalink

April 12, 1957

Mr. McCann:

The purpose of this bill is to give legal effect in Canada to an agreement which, as a result of negotiations and subsequent exchanges, has been reached between the government of Canada and the government of the Netherlands for the avoidance of double taxation and the establishment of rules for reciprocal fiscal assistance in the matter of income taxes, which agreement was signed at Ottawa on April 2, 1957. The agreement follows the pattern established in the present income tax agreements which Canada has made with the United States, United Kingdom, Sweden, New Zealand, Ireland, Denmark, France and the Federal Republic of Germany, and has as its purpose the avoidance of double taxation and the exchange of information.

Double taxation is avoided chiefly by a reciprocal system of tax credits in which the country of residence gives credit for the tax imposed by the country on the income at its source. The agreement contains the usual provisions limiting the taxation of trading profits through the permanent establishment rule. In addition certain special provisions are made; profits from the operation of ships and aircraft will be taxed solely in the country of the residence of the operator.

Then, Mr. Chairman, the schedule which is attached to the bill has certain articles, and I suggest that probably after we have taken up clause 1 we can go to clause 2, then deal with the different articles in the schedule and then come back to clause 3.

Topic:   INTERIM SUPPLY
Subtopic:   INCOME TAX
Full View Permalink

April 12, 1957

Mr. McCann:

I am told that the only

difference is that interest on mortgages can be taxed at a rate greater than 15 per cent.

Topic:   INTERIM SUPPLY
Subtopic:   INCOME TAX
Full View Permalink

April 12, 1957

Mr. McCann:

No, Mr. Chairman, there

is no substantial difference between this and the former agreement. I might say with respect to article I that this article contains specific reference to its respective taxes to which the agreement applies. That means that some taxes in the Netherlands are not named in the same way as ours in Canada. For instance, it applies to the income tax including surtaxes in Canada, while in the Netherlands it applies to taxes and what are called wages tax, company tax, dividend tax and tax on fees of directors, all of which correspond very closely to income taxes in Canada. It also provides that the agreement will apply to any substantially similar taxes which may be imposed by either government during the time the agreement is in force.

Article I agreed to.

On the schedule, Article II.

Topic:   INTERIM SUPPLY
Subtopic:   INCOME TAX
Full View Permalink

April 12, 1957

Mr. McCann:

Yes, Mr. Chairman.

On the schedule, Article I;

Topic:   INTERIM SUPPLY
Subtopic:   INCOME TAX
Full View Permalink