The Department of Finance released for consultation draft legislative proposals that would implement a range of important tax measures from Economic Action Plan 2012—A Plan for Jobs, Growth and Long-Term Prosperity. The full release is available online. Call 613-996-7861. Legislative Proposals Notice of Ways and Means Motions and Explanatory Notes have been posted on … Read more
Minister of State (Finance) Ted Menzies (Macleod, AB) announced that the government has pre-published for public comment regulatory proposals to address provisions of the Pooled Registered Pension Plans Act, Bill C-25. Menzies said these proposed regulations take us one step closer to a new large-scale and low-cost defined contribution pension option for millions of Canadians … Read more
The agreement between Canada and Saint Lucia for the exchange of information on tax matters entered into force on July 20, 2012. The agreement was signed on June 18, 2010. The agreement has effect in accordance with the provisions of article 13 of the agreement. The full release is available online. Call 613-995-2980. The … Read more
The Department of Finance announced that Canada’s official international reserves increased by an amount equivalent to US$103 million during July to US$66,321 million. The full release is available online.
Finance Minister Jim Flaherty (Whitby-Oshawa, ON) and National Revenue Minister Gail Shea (Egmont, PE) launched consultations regarding the impact that contingency fees may have on the Scientific Research and Experimental Development (SR&ED) tax incentive program. This follows on the government’s commitment in Economic Action Plan 2012 to study contingency fees charged by tax preparers for … Read more
Finance Minister Jim Flaherty (Whitby-Oshawa, ON) will travel to San Francisco, California and Boston, Massachusetts to hold discussions with U.S. financial leaders aimed at highlighting Canada’s growing reputation as an investment destination and encouraging more private sector investment in venture capital. Flaherty said that private sector risk capital plays a crucial role in helping innovative … Read more
Finance Minister Jim Flaherty (Whitby-Oshawa, ON) announced that the Royal Canadian Mint will officially no longer circulate pennies as of Feb. 4, 2013. In Economic Action Plan 2012, the government announced it was eliminating the penny from Canada’s coinage system. The government is eliminating the penny due to its excessive and rising cost of production … Read more
An agreement concerning the Interpretation of Article 25 of the Convention between the Government of Canada and the Swiss Federal Council for the avoidance of double taxation with respect to taxes on income and on capital, done at Berne on 5 May 1997, as amended by the Protocol done at Berne on 22 October 2010, … Read more
The Department of Finance released two sets of draft legislative proposals to strengthen and create greater fairness in Canada’s tax system. The first set of proposals would implement measures announced on July 20, 2011 relating to the taxation of specified investment flow-through entities (SIFTs), real estate investment trusts (REITs) and publicly-traded corporations. The Department of … Read more
The government and the City of Coquitlam, BC, announced a public-private partnership to build Lincoln Station, an additional component of the larger Evergreen Line, in the City Centre of Coquitlam. The government will contribute up to $7 million through the P3 Canada Fund towards eligible construction and implementation costs. The project will be co-funded through … Read more
