About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

50 Tax Memo 1 (1970)

handle is hein.journals/taxmmo50 and id is 1 raw text is: TAX MEMO July, 1970 © 1970, Canadian Tax Foundation PROVINCIAL FINANCES, 1969-70 With this memo, we bring up to date our biennial publication, Provincial Finances, last issued in 1969, by adding the provincial revenue and expenditure estimates for fiscal year 1969-70 and highlights of the 1970 provincial bud- gets. Full explanations of the concepts underlying these statistics are found in Provincial Finances. The D.B.S. compilations of provincial debt for 31 March 1967 or later years are not yet available; so the debt analy- sis shown in Provincial Finances, 1969 has not been updated. The budget high- lights include a brief reference to the debt positions as given by each prov- ince; the figures are not comparable between provinces. The interim summary of the finances of the provincial governments for 1969-70 is based on the D.B.S. compi- lation of the Estimates presented by the ten provincial governments, following adjustments to the individual statements to put them on a comparable basis. D.B.S. has recently changed its presenta- tion to show the actual cost of the serv- ices provided by the provincial govern- ments, even though some of these are shared by other governments. Funds expected to be received by the provinces from the sale of goods and services by provincial institutions such as hospitals and penal institutions have been deducted from both revenue and expenditure totals, as they are not con- sidered to be revenue in the true sense but serve to defray costs. 1970-71 Estimates This Tax Memo also includes a brief summary of the budget statements and the Estimates of revenue and expendi- ture of the provinces for 1970-71. In projecting their financial position in their budget statements, some provinces do not include in their expenditure money spent on capital account for roads, schools and other buildings, the funds for which have mainly to be borrowed. Some provinces include in their esti- mated expenditures amounts set aside to pay off debt contracted in previous years. We have attempted to follow the D.B.S. practice of totalling current and Additional copies of the Memo may be obtained at a price of 25f. CANADIAN TAX FOUNDATION L'ASSOCIATION CANADIENNE D'ETUDES FISCALES No. 50

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most