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47 Tax Memo 1 (1968)

handle is hein.journals/taxmmo47 and id is 1 raw text is: TAX MEMO No. 47 October, 1968 © 1968, Canadian Tax Fowundation Report of the Select Committee of the Ontario Legislature The Select Committee of the Ontario Legislature was appointed on May 31, 1968, to conduct an examination of the recommendations of the Report of the Ontario Committee on Taxation (the Smith Committee), to examine briefs and submissions made to the govern- ment concerning its recommendations and to conduct further hearings on it. The Select Committee reported on Sep- tember 16, 1968, in a one-volume work of some 300 pages entitled, Taxation in Ontario: A Program for Reform. The Select Committee consisted of 13 members of the Legislature under the Chairmanship of John H. White, M.P.P. Separate Minority Reports were also submitted by both the Liberal and New Democratic Party members of the Select Committee. This Tax Memo sets out the high- lights of the Select Committee's Majority Report. The full text of the Smith Committee's recommendations are found in the Canadian Tax Foun- dation's Tax Memo No. 45, of August, 1967. Highlights The Tax Burden The Select Committee adopted as its major premise, from which many of its recommendations flowed, that the com- bined provincial and municipal tax burdens should be allocated on the principle of ability to pay; this would require the restructuring of the provin- cial tax system along more progressive lines, in the interests of social justice and economic growth. To achieve a desirable tax mix the Committee indi- cated that Ontario must increase its reliance on corporate and personal income taxes and recommended that when additional revenues were required, these taxes be used to yield an appro- priate share of the increment. Additional copies of thisa Memo may be obtained at a price of 25t CANADIAN TAX FOUNDATION L'ASSOCIATION CANADIENNE D'ETUDES FISCALES