CPA Canada’s response to Finance Canada’s proposed amendments on contingent liabilities

Learn about Chartered Professional Accountants of Canada (CPA Canada)’s submission to the federal government about its proposed income tax amendments to contingent liabilities.

Get your downloadable electronic copy.

Download Now

CPA Canada has provided feedback to Finance Canada regarding its potential introduction of section 143.4 of the Income Tax Act, which would implement changes to contingent liabilities. Developed by the Joint Committee on Taxation of the Canadian Bar Association and CPA Canada, this November 7, 2011 submission paper raises concerns about the nature and scope of the proposed amendments, and provides insights on how to more effectively implement these tax amendments.

What you will learn

Committee members provide their expert insights on the following aspects of the contingent liabilities amendments:

  • proposed definition of “contingent amount”
  • proposed definition of “right to reduce”
  • applying the proposals in practice


Chartered Professional Accountants of Canada (CPA Canada) annually offers its views on priorities for the federal budget. Review past submissions of pre-budget briefs and consultations, and post-budget release opinions and commentary.

Our Firm Directory allows you to search for Canadian CPA firms using our interactive map as well as other criteria.

Jointly presented by CPA Canada and CPA Ontario, The ONE is the must-attend, multi-track event of the year, designed for all CPAs who want to be at the top of their game.