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

Mr. McCann:

Yes, Mr. Chairman.

On the schedule, Article I;

Topic:   INTERIM SUPPLY
Subtopic:   INCOME TAX
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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:

The tax laws would be different.

Topic:   INTERIM SUPPLY
Subtopic:   INCOME TAX
Full View Permalink

April 12, 1957

Mr. McCann:

Yes, Mr. Chairman. That is clearly set out in section 2 of Article I which is in these words:

This convention shall also apply to any other taxes of a substantially similar character, imposed by either contracting party subsequent to the signing of this convention.

Topic:   INTERIM SUPPLY
Subtopic:   INCOME TAX
Full View Permalink