21 September 2016 Canada's Department of Finance releases draft income tax technical amendments Canada's Department of Finance released a new package of draft legislative proposals on September 16, relating to technical amendments to the Income Tax Act and Income Tax Regulations, and the accompanying explanatory notes. Many of the technical amendments included in this release respond to issues raised by taxpayers and their representatives, or are part of an ongoing effort by the Department of Finance to improve the accuracy and consistency of the income tax legislation and regulations. Interested parties are invited to submit comments on the legislative proposals by November 15. In addition, the Department of Finance released a backgrounder describing proposed changes to the 2016 federal budget measures relating to sales of linked notes. These new proposals will modify the draft legislative proposals on linked notes that were previously released on July 29. Document ID: 2016-1589 |
