Monthly Archives: January 2008

Anchor Pointe

Posted on January 24, 2008 by John Loukidelis

The Supreme Court has dismissed with costs the taxpayer’s application for leave to appeal from the Federal Court of Appeal’s decision in The Queen v. Anchor Pointe Energy Ltd., 2007 FCA 188.

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Amalgamation IT corrected

Posted on January 19, 2008 by John Loukidelis

Karen Wilkinson at Deloitte was kind enough to point out to me that the CRA has reversed itself on whether a 116 certificate is necessary when Canadian corporations with non-resident shareholders amalgamate. IT-474R2, issued on December 17, 2007, contained the … Continue reading →

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IT-474R3

Posted on January 16, 2008 by John Loukidelis

The CRA recently released Interpretation Bulletin IT-474R3 (“Amalgamations of Canadian Corporations”). One of the big changes relates to the requirement to obtain a certificate under section 116 of the Income Tax Act. Previously, the CRA took the position that a … Continue reading →

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Charity suspended

Posted on January 15, 2008 by John Loukidelis

The Tax Court has rejected an application by International Charity Association Network under subsection 188.2(4) of the Income Tax Act (Canada) for a postponement of a suspension “of its authority to issue an official tax receipt for one year beginning … Continue reading →

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Corporate information reporting

Posted on January 3, 2008 by John Loukidelis

The Ministry of Government Services has issued a notice to clients that discusses the effect of the single administration of Ontario corporate income taxes (which will be implemented by January 1, 2009) on the process for filing annual corporate returns … Continue reading →

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