Show i CANADA WILL VILL TAP NEW NE SOURCES OF REVENUE j Movies J Jewelry velry Matches and Bachelors Hit by New Budget I By Dy Associated Press OTTA A April 30 A. A. A K MacLai an j acting minister of finance to parliament late toda today one of ot t the most I II Important budgets since confederation I The J steadily growing financial obligations obligations obliga obliga- a- a i of ot the dominion due duo to the war made mado necessary the tho announcement of a anum num number er of decreases In existing taxation as us well as a a. number of new taxation pro pro- Mr Maclean's statement which was made to a crowded house and in the he presence of full galleries excited more moro than ordinary Interest at the tho capital I I The ministers minister's proposals Include a renewal re renewal re- re newal ot of extension of the business profIts profits prof- prof Its war tax an increase in th the Income tax an Increase In the thc excise duties payable pay pay- 1 able le on manufactured tobacco etc a n. dut duty of 10 cents a pound on tea changes In the tho duties upon coffee coHee to place Illace the taxation upon a parity with the taxation Upon tipon tea an increase in tax on sleeping car berths berth and parlor p car seats excise taxes on matches and playing cards a specific duty of 5 cents a linear foot upon moving picture films and a special war excise tax of 10 per Jer cent upon the selling value of or automobiles Jewelry talking machines machines machines ma- ma ma ma- chines mechanical piano and organ orsan pla players ers and records when Imported Into or manufactured In Canada The tax upon automobiles Is applicable to all Imported Im hn- un- un ported Into or manufactured In Canada and un unsold old on April 30 The amended business tax provides forthe for forthe forthe the taxation of businesses with a capitalization capi capi- from down to which were exempt under the tho former Cormer tax The rate will be bo 2 25 ii per cent of the amount b by which the profits exceed 10 per pcr cent Income exemption In th case of or Unmarried unmarried unmarried Un- Un un un- married persons person Is reduced from 1500 to 1000 and for Cor married persons from rom to 2000 The rate of taxation will be bo 2 per cent from 1000 and up to 1500 inthe In Inthe Inthe the case caso of unmarried persons widowers or widows without dependent children I and 2 per cent from rota 2000 up ip to In Inthe inthe I Ithe the cat 3 of all nil other persons The Tho present Is to be continued contin contin- as at present U up to Incomes of at which point a new classification classification cation is proposed ed In addition to the normal tax and there will be a avar war var surtax lasting until the year in which the war ends This tax will start at 5 G per pir cent on Incomes from to increasing gradually to 25 per cent on Income In excess of Provision Is made for an exemption of for Cor each child chUd under the age agop of 16 6 years ears The corporation Income tax now 4 per cent Is Increased to G 6 per cent |