Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the CRA.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle de l'ARC.
Principal Issues: Client requests changes to bulletins to put into effect the proposals on income averaging for professional artists.
Position: General comments provided
Reasons: Previous position
XXXXXXXXXX
December 12, 2013
Dear XXXXXXXXXX:
I was pleased to meet with XXXXXXXXXX's representatives and appreciate your correspondence of November 18, 2013, outlining the proposals on income averaging for professional artists. I will review and discuss these proposals with my colleagues.
The Canada Revenue Agency administers and enforces the Income Tax Act. The interpretation bulletins are an interpretation of the law as it exists. Generally, changes to the bulletins reflect a change made to the underlying law. Any change to the Act has to be proposed by the Minister of Finance and approved by Parliament. I am, therefore, sending a copy of our correspondence to the Honourable James M. Flaherty, Minister of Finance, for his consideration.
I trust the information I have provided and the referral are helpful.
Yours sincerely,
Kerry-Lynne D. Findlay, P.C., Q.C., M.P.
c.c.: The Honourable James M. Flaherty P.C. M.P.
Minister of Finance
House of Commons
Ottawa ON K1A 0A6
George A Robertson
(905) 721-5196
2013-051262
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