Income Tax Act – Private Corporations – Passive Income October 12, 2017 The Joint Canadian Bar Association/Canadian Professional Accountants of Canada Taxation Committee comments on proposed tax changes for passive income earned by Canadian Controlled Private Corporations.
Income Tax Act – Private Corporations – Converting Income to Capital Gains October 12, 2017 The Joint Canadian Bar Association/Canadian Professional Accountants of Canada Taxation Committee comments on proposed tax changes for the conversion of a surplus of a Canadian Controlled Private Corporation into capital gains.
Income Tax Act – Private Corporations – Split Income and Lifetime Capital Gains Deduction October 12, 2017 The Joint Canadian Bar Association/Canadian Professional Accountants of Canada Taxation Committee comments on proposed tax changes to income splitting and the lifetime capital gains deduction for Canadian Controlled Private Corporations.
Income Tax Act – Billed-Basis Accounting: Potential Impact on Access to Justice October 12, 2017 The CBA welcomes a longer phase-in period to eliminate billed-basis accounting in the Income Tax Act, but reiterates concerns and recommendations to ensure the proposal does not hinder access to justice.
Bill C-49 – Transportation Modernization Act September 18, 2017 The CBA comments on the new airline joint venture approval process in Bill C-49, Transportation Modernization Act, suggesting changes to balance the benefits with the risks and costs of the new process.
Coalition for Small Business Tax Fairness letter on proposed tax proposals August 31, 2017 The CBA joins the Coalition for Small Business Tax Fairness —a unified voice to oppose federal government’s tax proposals for incorporated small businesses.
Voluntary Disclosures Program: Proposed Changes August 10, 2017 The Joint Canadian Bar Association/Canadian Professional Accountants of Canada Taxation Committee comments on proposed changes to the Canada Revenue Agency's Voluntary Disclosure Program for income tax matters.
Voluntary Disclosures Program: Proposed Changes to Draft GST/HST Memorandum 16.5 August 09, 2017 The CBA comments on proposed changes to the GST/HST component of Canada Revenue Agency's Voluntary Disclosures Program.
Voluntary Disclosures Program: Draft Information Circular - IC00-1R6 August 08, 2017 The CBA comments on how the Canada Revenue Agency's voluntary disclosure program should apply to not-for-profits.
Voluntary Disclosures by Canadian Registered Charities August 08, 2017 The CBA comments on how the Canada Revenue Agency's voluntary disclosure program should apply to not-for-profits.