Category Archives: Legislation

Here’s some tax trivia to get us through the month of June. How does one cite the Income Tax Act?

Ahem. Apparently the text of the budget bill—Bill C-50—has been on the LEGISINFO website for some time. In addition to the text of the Bill, you can find an RSS feed for the Bill’s status at its homepage.

From a Finance press release issued today: The Honourable Jim Flaherty, Minister of Finance, today introduced legislation in the House of Commons to implement key measures from Budget 2008. The bill also includes language to protect the Government’s fiscal plan … Continue reading →

The following was just posted to the Finance website: Federal Government Moves to Strengthen Canada’s Tax Advantage and Protect the Fiscal Framework.

Merry Christmas everyone, from your friends at the Department of Finance: Government of Canada Announces Technical Amendments to Clarify the Specified Investment Flow-Through Entity Tax Rules.

Bill C-28—”an Act to implement certain provisions of the budget tabled in Parliament on March 19, 2007 and to implement certain provisions of the economic statement tabled in Parliament on October 30, 2007″—received Royal Assent on Friday. The bill became … Continue reading →

Bill C-10 has received second reading in the Senate and has been referred to committee.

Here come the goodies. From the Finance website: The Honourable Jim Flaherty, Minister of Finance, today tabled in the House of Commons the Budget and Economic Statement Implementation Act to effect the $60 billion of broad-based tax relief proposed in … Continue reading →

The Minister of Finance released today a notice of ways and means motion to implement aspects of the March, 2007 budget. Frankly, it’s a bag of goodies for taxpayers. (But I am grateful that this latest release no where uses … Continue reading →

The federal government, in its “economic update” of October 30, 2007, proposed to reduce the GST rate from 6% to 5%. The reduction will be effective January 1, 2008. The transitional rules and associated changes “in general [...] are the … Continue reading →