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Gift Tax Exemptions - 1957

Category:LEGISLATION
Sub-Category:ECONOMIC - INCOME TAX AMENDMENTS
Resolution Number:100.10.4
Club:Windsor
Year: 1957
Status:Resolved
Reaffirmed:
Comments:

BE IT RESOLVED THAT the Business and Professional Women's Club of Windsor urge the Provincial Organization to request the Canadian Federation of Business and Professional Women's Clubs to urge the Government of Canada to amend the Income Tax Act by removing the following from the classification of "gift", or by stipulating that the following by wholly exempt from gift tax:
1.Property held by husband and wife as joint tenants and used bona fides as their home;
2.Annuities purchased by one spouse for the other and in the name of such other spouse.

 

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Article ID: 3914