CANADA: Up, Up, Up

With their country still nominally neutral, their war effort still far from hitting its full, expensive stride, U.S. citizens last week got a close-up view of what war taxation meant in dollars & cents, a possible preview of U.S. taxation in the uncertain years to come. In Ottawa, Canadian Finance Minister J. L. Ilsley stood up in Parliament to introduce the Dominion's biggest budget ever ($1,760,000,000), to suggest the biggest tax bill ($1,450,000,000) Canadians have ever paid.

Going up, up, up, Canadian taxes are still well below the skyscraper level of Britain's, stand at the moment about halfway between...

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!