CPA Canada’s response to Finance Canada’s proposals for income tax technical amendments

Learn about Chartered Professional Accountants of Canada (CPA Canada)’s submission to the federal government in response to its draft legislative proposals for income tax technical amendments.

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CPA Canada has provided feedback on the Department of Finance’s December 21, 2012 draft legislative proposals for technical amendments to the income tax laws. 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 the proposed changes to the following tax subjects:

  • the reorganization rules in subsection 55(3)
  • the “bump denial” rules in section 88
  • registered retirement savings plans
  • registered retirement income funds
  • tax-free saving accounts