CPA Canada’s response to Finance Canada’s proposed income tax amendments 2012

Learn about Chartered Professional Accountants of Canada (CPA Canada)’s submission to the federal government in response to its draft legislative proposals to make amendments to the income tax laws that pertain to personal income tax, corporate income tax and international taxation.

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CPA Canada has provided feedback on the Department of Finance’s August 14, 2012 consultation draft on legislative proposals for various amendments to Canada’s Income Tax Act. The proposals would implement a range of tax measures from Economic Action Plan 2012 — A Plan for Jobs, Growth and Long-Term Prosperity.

Developed by the Joint Committee on Taxation of the Canadian Bar Association and CPA Canada, this submission paper responds to the government’s planned tax law changes, and provides several constructive recommendations to improve their effectiveness.

What you will learn

Committee members provide their expert insights on proposals related to the following topics:

  • foreign affiliate dumping
  • thin capitalization
  • employee profit sharing plans
  • partnerships