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December 13, 2007
Six Urban Myths – Taxation
“I am proud to be paying taxes I could be just as proud for half the money.” – Arthur Godfrey
Temporary Taxation in Canada
In 1917, the Income War Tax Act (7-8 George V, Chap. 28) introduced Canadians to a ‘temporary‘ tax on corporate and personal income.
After 88 years it’s safe to say that the first myth of taxation is that Parliament considers taxation to be ‘temporary.’
Taxation Isn’t Constitutional
You’ve heard that it is against Canada’s Constitution for the federal government to collect income taxes.
The British Parliament in the British North America Act, 1867
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