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To improve case load management by the Tax Court of Canada, TEI recommends that Canada Revenue Agency be accorded the ability to settle appeals or litigation of assessments and reassessments based on the "hazards or risks" of litigation. On December 6-7, TEI President David Penney and David Daubaras, the Institute's Vice President for Canadian Affairs, will lead a delegation of members in the 2011 liaison meetings with the Canada Revenue Agency (CRA) and the Department of Finance. TEI submitted a letter to the British Columbia Ministry of Finance recommending improvements to make the PST more efficient and administrable. The Institute submitted comments and recommendations to the Department of Finance in respect of its August 19, 2011, draft Foreign Affiliate legislation. TEI submitted recommendations to revise and clarify August 16, 2011, proposed legislation that will accelerate corporate partner income inclusions. In response to Canada Revenue Agency's invitation, TEI submitted recommendations for prioritizing updates to various income tax technical publications. TEI urged the House of Commons Standing Committee on Finance to recommend adoption of a loss-transfer system for Canadian corporate groups. On June 21, 2011, Tax Executives Institute submitted comments to Canadian Minister of Finance James M. Flaherty on a June 6, 2011, Budget proposal that will limit the deferral of partnership income earned by corporate partners. Voting will begin in June on a referendum to rescind British Columbia's Harmonized Sales Tax and restore the Provincial Sales Tax. TEI's letter summarizes the Institute's general support for the HST and the implications if it were to be repealed. TEI recommends that Canada adopt a loss-transfer system to improve taxation of corporate groups. The Institute's letter recommended amendments to the Harmonized Value-added Tax System regulations to make RITC reporting administrable. CRA releases responses to questions posed in 2010 Income Tax Agenda. Responses from CRA on questions raised during December 7, 2010 TEI-CRA liaison meeting. Urges narrowing of regimes for foreign tax credit generators, reportable transactions, and non-resident trusts. TEI’s recommendations to the Canadian Department of Finance for implementing a loss transfer system for corporate groups. The Government of Alberta's Tax and Revenue Administration has published a new information circula on the application of the functional currency tax reporting effective for taxation years beginning after December 13, 2007 on functional currency. TEI continues its tradition of submitting recommendations to the House of Commons Standing Committee on Finance in connection with the Committee’s annual pre-budget consultations. TEI urges DOF to permit sufficient time for companies to implement the new HST regime (3-31-2010). TEI comments on a revised draft (1-30-2010) Discussion draft of proposed revisions of Chapters I-III of the OECD Transfer Pricing Guidelines. Agendas and responses of TEI's annual liaison meetings on income and excise tax issues with the Canadian Department of Finance and Canada Revenue Agency. (12-9-2009) TEI's comments on Department of Finance's draft legislation. Letter to Members of the Legislative Assembly of Ontario TEI's comments to the Ontario Ministry of Revenue. TEI submits recommendations on Canadian Salary Deferral Arrangement rules. TEI urges Province of British Columbia to reconsider retroactive imposition of PST on administrative materials. Letter to express TEI’s support for the replacement of the current Ontario Retail Sales Tax with a value-added tax that is similar or identical in nature to the federal Goods and Services Tax.
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