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:

May I make a short statement. This is the fifth convention or agreement to be made with other countries by Canada for the purpose of removing double taxation and preventing fiscal evasion in relation to death duties. The others were with the United States, the United Kingdom, France and Ireland. The principal aims of this agreement are, first, exchange of information to prevent evasions; second, the granting of credits by the country of domicile, or residence in the case of South Africa, for duty paid by the same estate on the same assets to the other contracting country.

Succession Duty Agreement

Some of the other agreements have included agreed rules for situs of property but this agreement with South Africa leaves this question open for determination by the governments involved in each case. Otherwise the agreement is similar in its provisions to the others. We can deal with the separate articles as we go along.

Topic:   INTERIM SUPPLY
Subtopic:   SUCCESSION DUTY
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April 12, 1957

Mr. McCann:

I think that will come out as explanations are made of the different articles. Article I contains specific references to the respective taxes to which the agreement applies. In Canada it applies to the income tax, including surtaxes imposed by the government of Canada, and in South Africa it applies to the normal tax, supertax and non-resident shareholders' tax. The agreements shall apply also to any other taxes of a substantially similar character imposed by either contracting government during the time the agreement may be in force. In the agreement with which we dealt a few minutes ago that was spelled out in greater detail, and as a result there was a longer-appearing agreement.

Article I agreed to.

Articles I to IV inclusive agreed to.

On the schedule, Article V.

Topic:   INTERIM SUPPLY
Subtopic:   INCOME TAX
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April 12, 1957

Mr. McCann:

Debenture interest is dealt

with in article VIII, which confirms the right of Canada to withhold a tax of 15 per cent at the source on interest arising in Canada and paid to a resident of the Netherlands, and the right of the Netherlands to withhold a similar tax on interest arising in the Netherlands and paid to a resident of Canada.

In addition, this article provides that in the event of one country wishing to increase the 15 per cent rate of tax, that country may, on notice, cease to be bound by the 15 per cent limitation.

Topic:   INTERIM SUPPLY
Subtopic:   INCOME TAX
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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
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April 12, 1957

Mr. McCann:

Yes, Mr. Chairman.

On the schedule, Article I;

Topic:   INTERIM SUPPLY
Subtopic:   INCOME TAX
Full View Permalink