
Finance Canada Drops Draft Legislation August 15
All professional tax practitioners, financial advisors should take note of an important mid-summer release of draft legislation to implement some of the proposals from the November 2024 Fall Economic Statement, the April 2024 Budget, the EIFEL rules announced on August 12, 2024, and rules relating to passive income of foreign affiliates announced in the 2022 federal budget. This draft legislation also introduces more modifications to new trust filing requirements. Brief highlights appear below; technical details will be discussed in the September 17 and November 5 CE Summits and Knowledge Bureau’s certificate course on T3 Filings.Special Report on the April 7, 2022 Federal Budget

Breaking News: Federal Budget April 7

Recycling Tax Dollars: Increased Climate Action Incentive Payments

A Brief on Basic Personal Amounts

Hiring Family Members? Avoid Punitive Tax on Split Income

Bare Trusts and New Trust Reporting Rules
