07 December 2016 Proposed amendments to Canada's Excise Tax Act discussed Federal Finance Minister Bill Morneau tabled a notice of ways and means motion on October 21, to implement certain provisions announced in the federal budget on March 22. Subsequently, on October 25, he tabled Bill C-29, A second Act to implement certain provisions of the budget tabled in Parliament on March 22, and other measures, which includes, in particular, certain goods and services tax/harmonized sales tax (GST/HST)-related measures proposed in the ways and means motion of October 21. More specifically, Bill C-29 includes the measures announced in the 2016 budget to limit application of the election under section 150 and 156 of the Excise Tax Act (the ETA). These new measures could have implications for elections under section 150 and 156 of the ETA currently in effect, as well as on elections filed after March 22, with effect after March 22. Document ID: 2016-2079 |
