Canadian Tax Journal: The Third Decade--1973-1982: 1

The budget proposals included the elimination of the income-averaging provisions, a half-year convention for the capital cost allowance system in the year of purchase of an asset, the restriction of the interest deduction for money borrowed to make an investment, the taxation of many untaxed employee benefits, a substantial narrowing of the corporate rollover provisions, the taxation of accrued interest income every three years, and a reduction in the federal dividend tax credit. The introductory pages were modified to increase the clarity of the contents of the journal, and the features were grouped in the latter half of the journal rather than interspersed among the articles. Besides making it easier to find materials in the journal, the change in the distribution of articles and features helped expedite publication because features were often submitted later than articles and held up production. [...]a feature called Current Reading appeared in the journal from time to time from issue no. 5, 1977 until issue no. 1, 1980. [...]in reviewing a collection of research papers published in the United States, he commented digressively: A recent glaring example of the lamentable way in which tax policy questions are commonly "studied" in Canada occurs in the recent Ontario budget, where the Treasurer noted that "it is ... difficult to estimate the revenue gains and employment gains that will occur in Ontario due to the elimination of succession duties." Since there is not a shred of evidence from any jurisdiction