New Ontario Betting Tax, Daily Racing Form, 1922-04-29


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NEW ONTAEIO BETTING TAX TAXTORONTO TORONTO Ont April 23 Hon Peter Smith provincial treasurer announced early this morning in the legislature that the gov ¬ ernment would tax all bets through the pari mutuel machines on all race courses in On ¬ tario this year at a rate of 5 per cent This will bring the government additional revenue estimated at 2500000 2500000This This declaration came at the close of his continued budget speech The money said the provincial treasurer will be easily collected without any expense If a man wins he will pay a portion as tax but if he loses he will not have to pay anything anythingMr Mr Dewart asked if it were not the inten ¬ tion of the government having gone into the race track business to enter the liquor busi ¬ ness and share in the profits We dont know what we might do answered Mr Smith SmithThis This provincial tax will be an extra for racegoers in Ontario The trades operate under Dominion legislation and the racing associations are allowed a graded percentage from 7 down to 3 per cent according t the amount of money bet on each race raceIn In the case of the Ontario Jockey Club at Woodbine Park the average percentage last year was C per cent With the new tax added this year it will be 3 per cent on winning tickets ticketsSecretary Secretary W P Fraser today declined t discuss the new tax until the bill is pub ¬ lished by the government

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