Receipts For Life Insurance Premiums, Passing Through A Bank For Collection - War Stamp Tax Need Not Be Affixed
This section is from the book "Canadian Banking Practice", by John T. P. Knight.
This section is from the "" book, by .
Receipts For Life Insurance Premiums, Passing Through A Bank For Collection - War Stamp Tax Need Not Be Affixed
Question 267. - Do receipts for premiums sent us by life insurance companies require war tax? (Passed through our books the same as ordinary collections).
Answer. - No. Such receipts are neither bills nor cheques nor receipts for money paid by a bank as laid down in the War Revenue Act. The fact that they are passed through the books as ordinary collections makes no difference.
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