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Learn about Chartered Professional Accountants of Canada (CPA Canada)’s concerns with functional currency rules and recommendations to improve them in this submission to the federal government.
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CPA Canada has provided feedback on Finance Canada’s functional currency rules contained in section 261 of the Income Tax Act in this January 19, 2012 submission. Developed by the Joint Committee on Taxation of the Canadian Bar Association and CPA Canada, this submission paper identifies a number of issues with the rules, and provides several detailed recommendations for how to improve their effectiveness.
Committee members provide their expert insights on the various aspects of the functional currency rules, including:
View our complete coverage of the 2019 federal budget. We have tax highlights, an insightful federal budget analysis as well as video interviews with our experts.
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May 22, 2019
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