contracted for at the time of sale whether these items be charged for separately or not" shall be included in the sale price for sales tax purposes. Another amendment provides that "if a wholesaler is not in possession of a license on September 1, 1938, no such license shall be issued to him unless 50 per centum of his sales for the 3 months immediately preceding his application were exempt from the sales tax under the provisions of this Act." DOMINION STOCK TRANSFER TAX It is provided, effective June 17, 1938, that shares of stock selling at exactly $1 per share will now be taxed at one-quarter of 1 cent per share instead of one-tenth of 1 percent of the price or value as heretofore. (See p. 125.) A new provision exempts from the gift tax "gifts or donations made in any year, if the aggregate value thereof does not exceed an amount equal to one-half of the difference between the income of the taxpayer in the next preceding year and the income tax which was payable thereon. The explanatory note in the House of Commons Bill states: Gifts out of the immediate past year's income should not reduce the revenue bearing capital which creates the income. Therefore having taxed the income when it came in, this is to preclude further tax as it goes out, to the extent of one-half thereof. THE SPECIAL WAR REVENUE ACT SALES TAX The Dominion Special War Revenue Amendment Act of July 1, 1938, broadens the list of articles and materials exempted from the 8 percent sales tax, effective on June 17, 1938. The exemptions, applying to imported as well as to domestic goods, include certain building materials. The list of exemptions may be obtained from the Division of Foreign Tariffs, Bureau of Foreign and Domestic Commerce, Washington, D. C., or from any district office of the Bureau. о |