Canada

On March 25, 2010, TEI filed a letter urging the Canada Department of Finance to permit sufficient time for companies to implement the new harmonized sales tax regime. TEI's letter follows amendments proposed by the Department of Finance on February 25, 2010. The amendment relates to the harmonized sales tax (HST), including place of supply, self-assessment and rebate, and the imported taxable supply rules relating to the provincial component of the HST in regulations under the Excise Tax Act.

On September 8, 2009, TEI filed supplemental comments on issues relating to the implementation of a harmonized sales tax in the Province of Ontario. This letter supplements TEI's August 24, 2009 comments on implementation issues relating to the adoption of a harmonized Ontario value-added tax, addressing issues relating to financial institutions, residential care facilities, and tax-included pricing. A meeting with Ontario's Ministry of Finance is scheduled for October 16, 2009.

On August 10, 2009, Tax Executives Institute submitted written recommendations to the House of Commons Standing Committee on Finance in connection with the Committee's Fall 2009 Pre-Budget Consultations and requested the opportunity to appear before the Standing Committee. TEI's recommendations are designed to foster economic growth and job creation, promote a favourable business environment for investments in Canada, and ensure a high level of innovation and productivity.