Proclamation of a constitutional amendment issued to repeal outdated tax exemption
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Friday, May 6, 2022
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By repealing section 24, the constitutional amendment removes an outdated tax exemption from 1880 that was benefitting the Canadian Pacific Railway (CPR) which recognized CPR's investments in building the trans-Canadian rail line in the 19th century.
Key Points:
- By repealing section 24, the constitutional amendment removes an outdated tax exemption from 1880 that was benefitting the Canadian Pacific Railway (CPR) which recognized CPR's investments in building the trans-Canadian rail line in the 19th century.
- This constitutional amendment was reached using the bilateral constitutional amending procedure.
- "This constitutional amendment was initiated by the Legislative Assembly of Saskatchewan and approved by both Houses of Parliament.
- This constitutional amendment removes certain outdated tax exemptions and will uphold a just taxation system for residents and businesses."