Eric William KIERANS

KIERANS, The Hon. Eric William, P.C., O.C., B.A., LL.D.

Personal Data

Party
Liberal
Constituency
Duvernay (Quebec)
Birth Date
February 2, 1914
Deceased Date
May 10, 2004
Website
http://en.wikipedia.org/wiki/Eric_Kierans
PARLINFO
http://www.parl.gc.ca/parlinfo/Files/Parliamentarian.aspx?Item=b12fe3d4-0116-4a37-9593-42ddcdaf8346&Language=E&Section=ALL
Profession
economist, professor

Parliamentary Career

June 25, 1968 - September 1, 1972
LIB
  Duvernay (Quebec)
  • Postmaster General (July 6, 1968 - April 28, 1971)
  • Minister of Communications (April 1, 1969 - April 28, 1971)

Most Recent Speeches (Page 2 of 197)


December 16, 1971

Mr. Kierans:

These sections of the bill can lead to further concentration in the Canadian economy, which no one wants. They can lead to an increase in foreign ownership of Canadian industry, which no one wants-

Topic:   GOVERNMENT ORDERS
Subtopic:   INCOME TAX ACT
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December 16, 1971

Mr. Kierans:

I should like to point out something else, Mr. Speaker. This particular exemption applies to all Canadian corporations-not just to Canadian corporations that are wholly owned or controlled, but to all Canadian corporations. On the basis of value alone, Distillers could buy a controlling interest in Imperial Oil, Imperial Oil could buy a controlling interest in MacMillan Bloedel and Distillers, and so on, but it only works one way. Imperial Oil could buy the controlling interest in the two Canadian companies, but the two Canadian companies could not buy the controlling interest in Imperial Oil because that resides in the United States. At a time when we are worried about foreign ownership we give an "open sesame" to foreign subsidiaries that are here already to go out and buy more Canadian companies. Then the Minister of Finance tells them, "We will pay half the cost by allowing you to deduct that interest cost from whatever profit you are making and whatever business you are in".

Topic:   GOVERNMENT ORDERS
Subtopic:   INCOME TAX ACT
Full View Permalink

December 16, 1971

Mr. Kierans:

Mr. Speaker, a nation's natural resources are not past-production; they are the wealth of its soil and waterways. As such, they cannot be viewed in the same light as current production, as goods and services that we produce each year. Those goods can legitimately be disposed of at will by the people who produce them currently in any given year. Resources are a trust. They have been received from the past. They are to be husbanded by the present generation and they are to be passed on to future generations. A generation that deliberately squanders a nation's natural wealth-I emphasize "deliberately squanders"-to enhance its own standard of living will have much to answer for.

Topic:   GOVERNMENT ORDERS
Subtopic:   INCOME TAX ACT
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December 16, 1971

Mr. Kierans:

Of course.

Topic:   GOVERNMENT ORDERS
Subtopic:   INCOME TAX ACT
Full View Permalink

December 16, 1971

Mr. Kierans:

I think there are certain elements in this bill which are the basis of creating even further problems for the Canadian people and the Canadian economy.

Topic:   GOVERNMENT ORDERS
Subtopic:   INCOME TAX ACT
Full View Permalink