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02 August 2016

Canada's Department of Finance releases draft legislation for 2016 budget

The Department of Finance released for public comment on July 29, a package of draft legislative proposals and explanatory notes relating to a number of measures announced in the 2016 federal budget, as well as certain previously announced measures from the 2015 federal budget. Interested parties are invited to provide comments on the proposals by September 27. The package includes a number of international and business income tax measures, as well as certain GST/HST-related measures, that were announced in the 2016 federal budget but not included in the first budget implementation bill enacted in June (Bill C-15). These proposals take into account comments received since the announcement of the measures.

A Tax Alert prepared by Ernst & Young Canada, and attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2016-1322

Document ID: 2016-1322

 

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