Canada: THE DOMINION: Tax Cut Ahead?

Canadians got a look last week at the shape of fiscal things to come. In the House of Commons, Finance Minister Douglas Abbott gave the Government's estimated appropriations for the fiscal year beginning April 1. Tax-weary citizens heard with relief that the Government was promising big cuts in spending.

The biggest cut ($918,000,000) will be made in the demobilization and reconversion program, now largely completed. All told, estimated expenses for the coming fiscal year total $1,995,878,635, about $906,000,000 less than for the current year.

Buried deep in Minister Abbott's 282 fact-laden pages were some interesting disclosures:

¶ The Mines &...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!