Tax Legislation Updates
Stay up to date with the latest updates to tax legislation.
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Key Recent Consultations
- January 15, 2019 Consultation - Overpayments, Including Those Made Through Phoenix Pay System
- July 27, 2018 Consultation - Stop-loss rule on share repurchase transactions | at-risk rules for tiered partnerships | Cross-border surplus stripping using partnerships and trusts | Passive income – the allocation rule for losses applied against Part IV taxes
CBA and CPA Canada - Joint committee on Taxation
2019 Budgets
- Federal | Mar 19, 2019
- Northwest Territories | Feb 6, 2019
- British Columbia | Feb 19, 2019
- Nunavut | Feb 20, 2019
- Manitoba | Mar 7, 2019
- New Brunswick | Mar 19, 2019
- Saskatchewan | Mar 20, 2019
- Quebec | Mar 21, 2019
- Nova Scotia | Mar 26, 2019
- Alberta |
- Ontario |
- Prince Edward Island |
- Newfoundland and Labrador |
- Yukon |
Tax Legislation Updates
- Category: Tax Legislation
The Government of Canada introduced the Canada Child Benefit (CCB) in 2016 to assist low- and middle-income families with the cost of raising children. To
- ITA Sections: 122.6
- Category: Tax Legislation
2018 Fall Economic Statement A portion of the capital cost of a depreciable property is deductible as capital cost allowance (CCA) each year, with the
- Topics: Capital Cost Allowance (CCA)
- Category: Commentaries, Tax Legislation
Highlights of Bill Morneau’s 2018 fiscal update Overview Responding to U.S. Tax Cuts And Jobs Act of 2017 (TCJA): Enhance capital cost allowance (CCA) in
- ITA Sections: 20(1)(a)
- Category: Tax Legislation
Summary of Fall Economic Statement Overview Suggestions to the federal government to address U.S. tax reform Not going along with the federal government’s passive income
- Category: Tax Legislation
T1134 Reporting Requirements Budget 2018 Proposal The Income Tax Act contains specific information reporting requirements in respect of foreign affiliates. In general terms, taxpayers (and certain
- Category: Tax Legislation
Budget 2018 At-Risk Rules for Tiered Partnerships The income (or loss) of a partnership for income tax purposes is allocated to its partners, who
- Topics: At-Risk Rules, Partnerships
- Category: Tax Legislation
Part IV Tax – Allocation of Losses ITA 129 New subsections 129(4.1) and (4.2) of the Act are introduced consequential to the introduction of
- Category: Tax Legislation
Reassessment Period – Non-Resident Non-Arm’s Length Persons Budget 2018 After a taxpayer files an income tax return for a taxation year, the Canada Revenue
- Category: Tax Legislation
Foreign Affiliates Budget 2018 Budget 2018 proposes modifications to the foreign affiliate rules as a result of the Government’s ongoing monitoring of developments in
- Category: Tax Legislation
Cross-Border Surplus Stripping Using Partnerships and Trusts Budget 2018 The Income Tax Act contains a rule (section 212.1) that is intended to prevent a
- ITA Sections: 212.1, 212.1(1.1), 212.1(1.2), 212.1(1), 212.1(3), 212.1(4), 212.1(5), 212.1(6), 212.1(7)