March 16, 1948 (20th Parliament, 4th Session)

LIB

James Joseph McCann (Minister of National Revenue)

Liberal

Hon. J. J. McCANN (Minister of National Revenue):

The refundable portion is not taxable, but to the extent that there is an interest element, that is taxable.

Topic:   REFUNDABLE PORTION OF INCOME TAX- INTEREST TAXABLE
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