Joint Committee and other submissions
Email this Content| Date | Copy of submission re: | Principal topics |
2025
| Jan 25 | 23 Sept. 2024 CGIR draft legislation | capital gains inclusion rate, s. 38(a), s. 220(3.1) |
2024
| Nov 22 | ITA ss. 18.2 and 18.21 | EIFEL rules, group ratio, ultimate parent, relevant period, CUEC, ATI |
| Sep 11 | CPA Canada on: 12 August 2024 Technical Amendments | s. 15(2.01), s. 93.1 |
| Sep 11 | 12 August 2024 Budget Implementation | s. 231.1. 231.2 or 231.6 requirement, s. 231.9 notice of non-compliance, s. 231.8 suspension of normal reassessment period (tolling), s. 231.7(6) compliance order penalty, s. 221.41 examination under oath, Charter s. 7, 8 or 11 violation |
| Sep 11 | 12 August 2024 Technical Amendments | trust reporting rules, s. 150(1.2), s. 150(1.30) and s. 150(1.31) |
| Sep 3 | CPA Canada on: 12 August 2024 Budget Technical Amendments | CGIR transitional rules, s. 38.01, ss. 13(7)(b), (d) and (e) formulae, ss. 96(1.72) and (1.73), s. 112(3.2)(a)(iii) transitional rule |
| Mar 26 | Bill C-59, stock buyback tax | s. 183.3, stock buyback tax, reorganization transaction, s. 88(1) wind-up |
| May 1 | 2024 Budget | change to capital gains inclusion rate, $250,000 safe harbour, triggering gains before June 25, 2024, grandfathering, hybrid surplus dividends |
| Feb 26 | STEP Canada; Bill C-42 amendments to CBCA | CBCA ss. 2.1, 21.1(1), 21.31, 21.21. 21.301. 21.301, 21.303, individuals with significant control (ISCs), corporate beneficial ownership register |
| Feb 5 | 20 Dec 2023 short-term rental proposals | s. 67.7, short-term rentals, non-compliant amount, normal reassessment period |
| Jan 10 | Pangaea | Pangaea, 2020 FCA 21, s. 212(1)(i), s. 56.4(1) - restrictive covenant, consent fees, early exchange bonus, Aleafia Health |
2023
| Oct 16 | 4 August 2023 GAAR amendments | GAAR, s. 245(4.1), s. 245(4.2), s. 245(0.1), self-help transactions |
| Aug 11 | CAE case | CAE, government assistance, investment tax credits, s. 12(1)(x). s. 127(18), s. 37(1)(d), s. 127(11.1)(b) |
| June 7 | GAAR proposals in 28 March 2023 Budget | s. 245(4.1). s. 245(5.1), s. 237.3(12.1), GAAR, penalty, economic substance |
| Mar 22 | November 22, 2022 EIFEL proposals | s. 18.2. EIFEL rules, FAPI, CFAs, excluded persons |
| Mar 22 | 9 August 2022 draft legislation | s. 212(13.1)(a) |
| Feb 16 | August 2022 Technical Amendments | s. 18.4, s. 12.7, s. 113(5), s. 214(18), s. 227(6.1), s. 20(1)(yy), hybrid mismatch arrangements, BEPS Action 2, deduction/non-inclusion mismatches, secondary rule, FAPI, thin cap rules |
2022
| June 30 | 29 April 2022 hybrid mismatch legislation | s. 18.4, s. 12.7, s. 113(5), s. 214(18), s. 227(6.1), s. 20(1)(yy), hybrid mismatch arrangements, BEPS Action 2, deduction/non-inclusion mismatches, secondary rule, FAPI, thin cap rules |
| May 5 | 4 Feb. 2022 EIFEL legislation | excessive interest and financing expenses limitation (EIFEL), s. 18.2, s. 18.21, s. 216, foreign affiliates |
| Apr 5 | 4 Feb. 2022 trust reporting legislation | s. 150(1.3), s. 104(1), bare trusts |
| Apr 5 | 4 Feb. 2022 reportable and notifiable transactions legislation | s. 237.3(4), s. 237.4, reportable transaction, notifiable transaction, advisor, hallmarks, series of transactions |
| Apr 5 | 4 Feb. 2022 tax debt avoidance legislation | s. 160(5), s. 160.01, arm's length, s. 251(5)(b) |
| Apr 5 | CBA on: 4 Feb, 2022 reportable and notifiable transactions, and enhanced audit legislation | s. 273.3, s. 273.4, s. 231.1, solicitor-client privilege |
| Apr 5 | CPA Canada on: 4 Feb, 2022 uncertain tax treatment legislation | s. 273.5, reportable uncertain tax treatment, IFRIC 23, IAS 37 and 12, functional currency reporting |
2020
| Aug 10 | Pangaea | Pangaea One Acquisition Holdings XII S.A.R.L. v. Canada, 2020 FCA 21, s. 212(1)(i), s. 214(15)(b), s. 56.4(1) - restrictive covenant, consent, commitment and standby fees, early exchange bonus |
| June 11 | CRA Guidance re COVID-19 impact on international transactions | COVID-19, designated treaty country, Reg. 5907(1) - exempt earnings, a. 95(1) – investment business, permanent establishment, non-qualifying country, services PE, qualifying non-resident employee |
| June 1 | 19 May 2020 draft Time Limits and Other Periods Act (COVID-19) | s. 180(1), s. 152(4), s. 152(3.1), s. 37(11), s. 127(9) - investment tax credit - – para. (m), ETA ss. 298(1) and (2) |
2019
| Nov 5 | 30 July 2019 transfer pricing legislation | s. 247(2) and (2.1), s. 17, s. 85(1)(e.2) |
| Sept 13 | June 17, 2019 stock option legislation | s. 110(1)(d) stock option deduction, s. 110(1)(e) employer deduction, s. 110(1.31) formula, s. 110(0.1) – vesting year, s. 110(1.9) |
| 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 |