canadian income tax

TEI Holds 2015 Liaison Meetings with Canada Revenue Agency and the Canadian Department of Finance

On November 17-18, 2015, representatives from Tax Executives Institute, led by 2015-2016 Vice President for Canadian Affairs Lynn Moen, met with officials from Canada Revenue Agency and the Canadian Department of Finance to discuss tax policy and administrative matters.

The agendas for the meetings on income tax matters were prepared by the Institute's Canadian Income Tax Committee, whose 2015-2016 chair is Grant L. Lee of HSBC Bank Canada. John Schoenecker of the Institute's legal staff coordinated the preparation of its agendas.

TEI Comments on Proposed Canadian Legislation Effecting Reporting of Qualified Non-Resident Employees

On October 12, 2015, TEI submitted a letter to the Canadian Department of Finance suggesting further legislative changes surrounding Regulation 102 in the form of (1) allowing self-certification as to “qualifying non-resident employer” status and (2) eliminating the $10,000 threshold for T4 reporting requirements. The proposed legislation would require employers to obtain advance certification from the CRA before being considered a “qualifying non-resident employer” as well as reporting on form T4 of all “qualifying non-resident employees” who make more than $10,000.

TEI Comments on Proposed Canadian Legislation Effecting Income Tax Act Section 55

On October 12, 2015, TEI submitted a letter to the Canadian Department of Finance stating that a proposed expansion of the Income Tax Act's subsection 55(2), which is an anti-avoidance provision, would unduly apply to routine transactions that have no anti-avoidance purpose. The proposed legislation would expand the “purpose test” to capture instances in which dividends are paid on a share, not to reduce a capital gain, but instead to (i) significantly decrease the fair-market value of any share, or (ii) significantly increase the total property costs to the dividend recipient.

TEI Holds 2014 Liaison Meetings with Canada Revenue Agency and Canada Department of Finnace

On November 18-19, 2014, representatives from Tax Executives Institute, led by 2014-2015 President Mark C. Silbiger and 2014-2015 Vice President for Canadian Affairs Paul T. Magrath, met with officials from Canada Revenue Agency and the Canadian Department of Finance to discuss tax policy and administrative matters.

TEI Holds 2013 Liaison Meetings with Canada Revenue Agency and the Canadian Department of Finance

On December 3-4, 2013, representatives from TEI, led by 2013-2014 Vice President for Canadian Affairs Shiraz J. Nazerali, met with officials from Canada Revenue Agency and the Canadian Department of Finance to discuss tax policy and administrative matters.

TEI Submits Pre-Budget Consultation Recommendations in Canada

On August 5, 2013, TEI submitted three recommendations for consideration by the Canadian government in connection with its annual Pre-Budget Consultations. The recommendations were submitted to the House of Commons Standing Committee on Finance through its web-based template form.

TEI Holds 2012 Liaison Meetings with Canada Revenue Agency and the Canadian Department of Finance

On December 4-5, 2012, a delegation of members from TEI's Income and Commodity Tax Committees met with representatives from Canada Revenue Agency and the Department of Finance in annual liaison meetings.

TEI Holds 2011 Liaison Meetings with Canada Revenue Agency and the Canadian Department of Finance

On December 6-7, 2011,TEI President David Penney and David Daubaras, the Institute's Vice President for Canadian Affairs, led a delegation of members in the 2011 liaison meetings with the Canada Revenue Agency (CRA) and the Department of Finance. The agendas for the separate meetings on income and excise (GST and Customs) tax matters were prepared under the aegis of TEI's Canadian Income and Commodity Tax Committees, whose chairs are Carmine A. Arcari and Kim N. Berjian, respectively.

Income Tax Matters

TEI Holds 2010 Liaison Meetings with Canada Revenue Agency and the Canadian Department of Finance

On December 7-8, 2010, TEI held its annual liaison meetings with Canadian Department of Finance and Canada Revenue Agency.

Canada Revenue Agency

Department of Finance

TEI Holds 2009 Liaison Meetings with Canada Revenue Agency and the Canadian Department of Finance

On December 8-9, 2009, TEI held its annual liaison meetings on income and excise tax issues with the Canadian Department of Finance and Canada Revenue Agency. Below are the agendas for the meetings and the responses from the Canadian government.

Income Tax Issues

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