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Canada Budget Boosts Tax on Snacks and Gasoline
The 1987 budget tightens taxes on snack foods and gasoline while raising tobacco levies. A one year delay on reporting accrued interest for certain Canada Savings Bonds benefits about one million Canadians and affects holders of Series C 36 bonds bought in 1981. Finance Minister Michael Wilson hints at further reforms to accrual rules in a spring tax reform program.
MENTIONED IN THIS ARTICLE
Fedral
Ottawa
Canada
Canada Savings
Michael Wilson
Mardon
Investors Group