The Hemisphere: Magazine Tax

In the dying days of a long parliamentary session, Canada's Liberal government last week suddenly brought forward and enacted its 20% tax on advertising in Canadian editions of U.S. magazines.

Finance Minister Walter Harris, who devised the measure five months ago, remained its main supporter. In a 35-minute speech he hailed the tax as a great boon to Canadian culture, contending that Canadian magazines are in desperate economic shape and that a tax on competing U.S. publications is necessary to save them from "disappearance."

Ontario Conservative W. Earl Rowe, acting leader of his party, scoffed...

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!