CPA Canada’s response to Finance Canada’s proposals for international taxation amendments

Learn about Chartered Professional Accountants of Canada (CPA Canada)’s submission to the federal government in response to its Budget 2012 draft legislative proposals for amending international tax laws.

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CPA Canada has provided feedback on Finance Canada’s draft legislative proposals for amendments to international taxation laws within the Income Tax Act. These proposals were contained in the government’s federal budget that was tabled on March 29, 2012.

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 detailed recommendations to improve their effectiveness.

What you will learn

Committee members provide their expert insights on the proposed changes to the following two tax subjects:

  • foreign affiliate dumping
  • thin capitalization rules