Joint Committee submissions

Date Linked submission on: Principal topics

2019

May 24 2019 Budget foreign affiliate dumping rules s. 212.3(1)(b), (16), (18), (26 ), PLOI s. 15(2.11), derivative forward agreement, s. 12(1)(z.7), commercial transaction exception, tax-indifferent investor, transfer-pricing, s. 247(1.1) and s. 152(4)(b)(iii)
May 14 2019 Budget employee stock options, ss. 110(1)(d) and (d.1), s. 7(3)(b), Reg. 6204, PSUs, DSUs
March 4 s. 89(1) - public corporation – para. (a) s. 89(1) public corporation definition – paras. (a) and (c)(i), meaning of “listed,” s. 87(2)(ii)

2018

Sept 10 27 July 2018 draft legislation expanded trust reporting, solicitor-client privilege, 163(6) penalty, at-risk rules and multi-tier partnerships, s. 212.1 and conduits, tracking interests, 95(12) election
May 18 2018 Budget T1134 filing acceleration s. 233.4(4) , filing deadline for T1134 filing, CbC reporting
Mar 8 Dec. 13 split income s. 120.4 split income rules, income splitting, TOSI, attribution rules, QSBC shares
Jan 19 Green, 2017 FCA 107 at risk rules, multi-tiered partnerships, negative ACB, s. 40(3.1), s. 111(1)(e), s. 40(3.12)
Jan 19 (Apr 20/17 Sched) 2016 s. 55(2) amendments s. 55(2.1)(b) purpose test, s. 55(2)(c), s. 55(2.1)(c), s. 55(2) Pt IV exception

2017

Oct 2 18 July 2017 surplus-stripping proposals conversion of income into capital gains, s. 84.1, pipeline, s. 164(6), s. 40(3.6), s. 246.1
Oct 2 18 July 2017 split income/LCGE proposals s. 120.4, split portion, TOSI, lifetime capital gains exemption, s. 110.6(12). ss. 110.6(18) and (30.1)
Oct 2 18 July 2017 passive income proposals private corporations, passive assets, integration, refundable tax, default and elective methods
Aug 8 2 June 2017 draft VDP Circular revised voluntary disclosure program, fettering Minister’s discretion under s. 220(3.1)
June 2 (Feb 14 Sched) 2016 2nd Budget Bill re SBD small business deduction, specified corporate income, specified partnership income, “direct or indirect interest”
May 31 2017 Budget re work in progress ("WIP") cost amount of professional WIP, transition re repeal of s. 34(a), contingency fee arrangements
Sched. Cdn Bar Association Submission of 21 Sept. 1982 (referenced 1 above) WIP of professional business (along with directors’ liability, confidentiality, RRSP transfers on marriage breakdown and SBD)
Sched. Finance Release 81-126 of 18 Dec. 1981 (referenced 2 above) notes on transitional matters respecting 12 Nov. 1981 Budget including costing of professionals’ WIP

2016

Nov 15 16 Sept 2016 Technical Amendments taxable Cdn prop. deferral, upstream loans, 39(2.01), hybrid partnerships, FTCG, stub period FAPI, foreign affiliate dumping, 219.1 PUC reinstatement, DFA, stock option prescribed shares
Oct 13 18 Apr 2016 proposed s. 55(2) lack of integration/potential circularity re narrowed Part IV tax exclusion
Sept 27 29 July 2016 draft s. 152(9) draft s. 152(9) including not limited re normal reassessment period and lack of symmetry for large corporations
Sept 27 29 July 2016 B2B rules back-to-back (“B2B”) loan rules and expansion to rents and royalties including interactions with s. 15(2) and s. 216, character substitution rules, and cross-border securitizations
Aug 25 29 July 2016 Draft Legislation small business deduction and business limit, and transfers of life insurance policies
July 25 2016 Budget B2B and s. 212.1(4) current back-to-back (“B2B”) loan rules and expansion to rents and royalties/ s. 212.1(4) surplus stripping

2015

Nov 12 31 July 2015 s. 55(2) rules s. 55(2) et seq. rules including purpose test, safe income determination time, stock dividends and public company splits, s. 55(2)(b)
Oct 13 31 July 2015 charitable gift rules draft ss. 38.3 and 38.4 charitable gifting rules
June 19 2015 Budget SBD small business deduction, active business
June 19 2015 Budget s. 152(9) rule s. 152(9), statute-barring, large corporation objections
May 27 2015 Budget s. 55 rules ss. 55(2) and 55(3)(a) rules including s. 55(2.1)(b)(ii), loss shares and stock dividends
May 26 2015 Budget synthetic equity synthetic equity arrangements
May 26 2015 Budget Reg. 102 reg 102 withholding re: Reg. 400 & Treaty PE differences/ 90-day rule/relief for LLCs

2014

Sept 26 2014 Budget trust/estate rule s. 104(13.1) designation, s. 104(13.4) deemed income flow-out, s. 108 – testatmentary trust – (d) - anti-stuffing rule, s. 164(6)
June 16 Folio S1-F5-C1 [arm's length] control by general partner/related partnership/“acting in concert”
May 16 2014 Budget Treaty Shopping rule main purpose/conduits and safe harbours/investment vehicles/protection of payors/derivative benefits

2013

Dec. 2 3 June 2013 Draft Legislation top rate for testamentary trusts/estates after 36 mo.
Dec. 11 12 August 2013 Treaty Shopping Paper combating treaty shopping
Oct. 15 16 August 2013 Draft Legislation PLOIs/FAD/corporate migration
Oct. 15 13 September 2013 Draft Legislation derivative forwards/synthetic dispositions/trust control
Sept. 13 12 July 2013 Draft Legislation FAT/FAPI/carve-out rule/foreign mergers/functional currency election/tcp
Aug. 7 24 October 2012 Proposals/Bill C-48 upstream loans/foreign tax credit generators
Feb. 15 December 21, 2012 Amendments butterflies/bumps/RRSPs and TFSAs

2012

Sept. 25 July 25, 2012 Proposals stapled securities
Sept. 13 August 14, 2012 Proposals FAD/thin cap/EPSPs/ bumps re partnerships/s. 100(1.3)
undated Finance Letter re RRSP Bill C-13 measures prohibited investments/RRSP swaps
June 8 2012 Budget re International Taxation FAD/thin cap re partnerships/upstream loans
Mar. 13 Chamber of Commerce letter re NPOs chilling effect of non-compliance letters
Jan. 19 Enacted Functional Currency Rules functional currency rules

2011

Nov. 14 Bill C-13 Partnership rules (34.2, 34.3, 249.1) stub periods, QTI, alignment elections, hybrid surplus
Nov. 7 Contingent Liabilities – s. 143.4 contingent amount/right to reduce (s. 143.4)
Oct. 28 Bill C-13 extension of TFSA rules to RRSPs prohibited investments/swaps/strips/advantages
Oct. 19 Aug. 19, 2011 Foreign Affiliate Proposals FAPI/stop-loss/FX/hybrid surplus/90(2)/upstream loans/93(1)/liquidations/suppression election/FAT
Jan. 28 Dec. 16, 2010 Draft Legislation – REITs REIT rules

2010

Oct. 6 Addendum re August 27, 2010 Draft Legislation FTC generators/237.3 hallmarks
Sept. 27 Aug. 27, 2010 Draft Legislation re 2010 Budget NRTs/foreign affiliates (e.g. fill-the-hole, bumps)/stock options/reporting (237.3)
Sept. 17 July 16, 2010 Technical Amendments stock div. shares/restrictive covenants/s. 99/test. trusts/110(1)(k)/143.3
July 6 May 7, 2010 Backgrounder: Avoidance Reporting reportable transactions (237.3)
May 2 Convertible Debentures Part XIII tax on convertible debenture interest or premium
May 3 Budget 2010 – March 4, 2010 W&M Motion employee stock options/tax. Cdn. prop./FTC generators-FAT/interest on refunds
May 3 2010 Budget: Non-Resident Trusts and FIEs non-resident trusts/foreign investment entities
April 21 IT Bulletins re archiving all IT Bulletins
Feb. 15 Dec. 18, 2009 Foreign Affiliate Amendments f.a. elections/s. 93(1)/fill the hold/bump/design. treaty country/FAPLs & FAT

2009

Sept. 30 Declaration Process re Treaty Witholding Rates Part XIII/Declaration of Benefits/waiver of penalties and interest
April 1 Québec Paper on Aggressive Tax Planning GAAR penalties/promoter penalties/disclosure requirements
Jan. 7 NRTs and FIEs non-resident trusts and foreign investment entities

2008

Sept. 15 July 14, 2008 SIFT Amendments "excluded subsidiary entity"/SIFT partnerships/SIFT trusts
July 15 Canada's System of International Taxation foreign debt/treaty shopping/active business income/NRTs & FIEs/base erosion rules/FAPI
June 18 SIFT Conversions SIFT trusts/asset transfers/continuity of tax attributes
June 4 Bill C-10 NRTs/dual-resident trusts
Senate Standing Committee comfort letters/residence/NRTs & FIEs/94(1) - "exempt foreign trust"
Jan. 24 Bill C-10 NRTs & FIEs
Jan. 8 Fifth Protocol treaties: residence/dividends/employment income/limitations on benefits

2007

Dec. 4 SIFT Conversion debt rollover/SIFT partnerships
Oct. 23 2007 Budget 20(1)(e)/18.2(3)(a)(ii) - "substituted property"/18.2(9), (10)/s. 95.2(f), (f.1)/93.1
June 1 Foreign Affiliate Amendments accounting burden
May 7 International Fair Tax Initiative grandfathering/uncertainty
March 7 Bill C-33 – Ss. 52(3)(a), 53(1)(b) CDA/dividends/PUB increases/contributed surplus
Feb. 21 "Normal Growth" for Income Trusts SIFT conversions/ambiguities in Guidelines
Jan. 31 Dec 21, 2006 SIFT amendments deemed dividends/"investment"/"business"/"non-portfolio earnings" & "non-portfolio property"/REITs/"real or immovable property"

2006

Dec. 4 Eligible Dividend Rules 89(14)
Sept. 29 Outstanding Income Tax Proposals interest deductions/foreign investments/foreign affiliates/interest & penalty relief
Jan. 30 July 18, 2005 Technical Amendments attached submissions not in document
Jan. 27 November 17, 2005 NWMM - S. 143.3 attached submissions not in document
Jan. 20 Feb. 27 2004 Foreign Affiliate Amendments foreign affiliate PUC/foreign PUC currency/hedging arrangement currency