Winds of Change
It’s Personal (Preserving Wealth for People and Private Companies), Volume 5, Issue 2
A better outlook for challenging the denial of taxpayer relief requests: section 220(3.1) of the Income Tax Act.
RCAs and SDAs: One and the Same for the Canada Revenue Agency?
Insurance Planning, Vol. XVII, No. 4, 1106-1109
Introduction
2012 Federal Budget Minister of Finance Jim Flaherty today tabled the 2012 Federal Budget (the “Budget”) entitled “Jobs, Growth and Long-Term Prosperity.” We are pleased to provide our summary of tax measures contained in the Budget. There were no changes...
Business Income Tax Measures
IN THIS SECTION: Scientific Research and Experimental Development Program Tax Avoidance Through Use of Partnerships Partnership Waivers Clean Energy Generation Equipment – Accelerated Capital Cost Allowance Corporate Mineral Exploration and Development Tax Credit Atlantic Investment Tax Credit Scientific Research and...
International Taxation
IN THIS SECTION: Thin Capitalization Rules Foreign Affiliate Dumping Transfer Pricing Secondary Adjustments Base Erosion Rules – Canadian Banks Overseas Employment Tax Credit Thin Capitalization Rules Current Thin Cap Rules The thin capitalization rules (the “Thin Cap Rules”) contained in...
Personal Tax Measures
IN THIS SECTION: Registered Disability Savings Plans Retirement Compensation Arrangements Employees Profit Sharing Plans Group Sickness or Accident Insurance Plans Life Insurance Policy Exemption Test Eligible Dividends – Split-Dividend Designation and Late Designation Mineral Exploration Tax Credit for Flow-Through Share...
GST/HST and Excise Tax Measures
IN THIS SECTION: GST/HST Health Care Exemptions and Zero-Rating Expanded Doubling GST/HST Streamlined Accounting Thresholds GST and Excise Tax Relief for Foreign-Based Rental Vehicles Temporarily Imported by Canadian Residents Application of the “Gas-Guzzler” Excise Tax or “Green Levy” on Fuel-Inefficient...
Other Tax Measures
IN THIS SECTION: Gifts to Foreign Charitable Organizations Charities – Enhancing Transparency and Accountability Tax Shelter Administrative Changes Aboriginal Tax Policy Gifts to Foreign Charitable Organizations For more comments on Charitable Sector Measures, please visit Charities and Not-for-Profit Newsletter March...
Customs Tariff Measures
IN THIS SECTION: Trade Measures to Support the Energy Industry Travellers’ Exemptions Trade Measures to Support the Energy Industry As the Government has committed to make Canada a duty-free zone for industrial manufacturers, the Budget will eliminate a 5% Most-Favoured-Nation...
Trade Remedy Law Measures
In Budget 2011, the Government proposed that it would study initiatives regarding the operation of Canada’s trade remedy law system under the Special Import Measures Act. The Budget provides vague references to introducing legislation to consolidate Canada’s trade remedy investigation...
