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45 Tax Memo 1 (1967)

handle is hein.journals/taxmmo45 and id is 1 raw text is: 









        AX MEMO




No.  45                                          August,   1967





       Ontario Taxation Committee Report

    The Report of the Ontario Taxation Committee (Smith Committee) was
 released today at Queen's Park at 1 p.m. Recommendations for reduced
 property taxes, a form of regional government, revamped succession duties
 and natural resource revenues are highlights of the Report. Complete imple-
 mentation of the Committee's proposals requires the Province to get greater
 tax room from the federal government. Failing that, increased income and
 sales tax, and a gift tax may be necessary.

    The three-volume Report contains over 350 recommendations. During its
 work the Committee received over 150 briefs and heard over 60 submissions
 at public hearings.

    The Committee worked for more than four years under the chairmanship
 of Lancelot J. Smith, F.C.A., a Toronto chartered accountant. Mr. Smith's
 fellow Commissioners were: Eric Hardy, consultant on government, of
 Toronto; Dr. R. Craig McIvor, professor of economics, of Hamilton: Carl A.
 Pollock, industrialist, of Kitchener; and R. Bredin Stapells, Q.C., of Toronto.

    All five Commissioners subscribed to the findings and recommendations
 of the Report without dissent.

    Highlights of the Report overleaf are followed by the full text of the
 Committee's recommendations.



          Additional copies of this Memo may be obtained at a price of $3.00



             CANADIAN TAX FOUNDATION
  L'ASSOCIATION CANADIENNE D'ETUDES FISCALES

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