Canada Revenue Agency and Department of Finance Respond to TEI’s Questions from December 2017 Liaison Meetings
TEI Files Comments on Canada’s proposed Greenhouse Gas Pollution Pricing Act and Draft Fuel Charge Regulation
On February 10, 2017, TEI submitted comments to the Canada Revenue Agency suggesting how it should formalize its procedures for valuing an employee’s personal use of the employer’s corporate aircraft. The comments generally suggest that such valuation should be made by comparison to the highest available commercial airfare for a comparable itinerary because such a standard would be predictable, neutral among taxpayers, and simple to administer.
On November 15-16, 2016, representatives from Tax Executives Institute, led by 2015-2016 International President for Janice Lucchesi, 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 2016-2017 chair is Paul Magrath of AstraZeneca Canada, Inc. John Schoenecker of the Institute's legal staff coordinated the preparation of its agendas.
On November 15 and 16, 2016, members of TEI’s Canadian Income Tax Committee met with members of the Canada Revenue Agency and Department of Finance Canada to discuss various tax administrative and enforcement issues. CRA and Finance have provided TEI with responses to the questions posed.
On March 17, 2016, TEI submitted a letter to the Canada Revenue Agency recommending certain changes to paperwork requirements surrounding Regulation 102, specifically to Form RC473. The letter discusses concerns that taxpayers might have with completing that form, as well as other requirements that might be counterproductive toward encouraging taxpayer compliance with Regulation 102.
TEI's Canadian Income Tax Committee prepared this letter. Grant Lee chairs the Committee, and TEI Tax Counsel John Schoenecker coordinated the preparation of TEI's comments
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.