June 15, 1943 (19th Parliament, 4th Session)

LIB

Colin William George Gibson (Minister of National Revenue)

Liberal

Hon. C. W. G. GIBSON (Minister of National Revenue):

The hon. member was good enough to give me notice of his question. Income tax returns which are due on June 30 are the individual returns, and the returns of corporations whose years ended on December 31. While amendments to the act delayed the production of the 1942 income tax forms,
taxpayers have had six months in which to determine their 1942 incomes, and the forms have been available since early this month. There still remain over two weeks in which to file these returns.
I realize that some congestion exists in the offices of chartered accountants, who have numerous returns to prepare, but in view of the large number of taxpayers who will be filing returns, and the millions of dollars payable this month, it is not considered advisable to postpone the collection of this large sum by a general extension of time.

Topic:   INCOME TAX
Subtopic:   REQUEST FOR EXTENSION OF FILING DATE FOR 1942 RETURNS
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