Joint Committee asks Finance to review the s. 55(2) issues previously raised with CRA

In April, the Joint Committee provided approximately 90 pages of slides to the Income Tax Rulings Directorate on s. 55(2) issues. CRA was able to deal only with some of the issues, which were subsequently discussed at the 2017 Annual CTF Roundtable, and the Joint Committee has now asked for Finance’s consideration of these issues.

Neal Armstrong. Summary of Joint Committee, “Subsection 55(2) Amendments – Follow-Up to Our Meeting with Canada Revenue Agency,” 19 January 2018 Joint Committee Submission to Finance respecting s. 2015 s. 55(2) Amendments including appended 20 April 2017 letter to Randy Hewlett on such amendments under s. 55(2).