There’s only one reference on the Income Tax Act that puts the strength of 26 distinguished tax experts behind you.
THE ONLY ANNOTATED ACT THAT INCLUDES THE BUDGET PLAN 2019
Representing the tax and accounting intelligence of specialists from Dentons, Minden Gross, PwC, Thorsteinssons, and Wolters Kluwer, no other single reference is better qualified to keep you fully informed. Canadian Income Tax Act with Regulations, Annotated provides valuable cross-references, comprehensive editorial notes, and a breadth of related third-party references, all selected by experienced tax specialists.
The Full Text of the Income Tax Act and Regulations
It has been over a century since the Income War Tax Act first came into force. Since then, the size and complexity of the legislation has grown exponentially. Canadian Income Tax Act with Regulations, Annotated contains all of the latest legislative developments since the Autumn Edition, including:
The full text of the Income Tax Act and the Income Tax Regulations, amended and current as of April 5, 2019:
INCLUDING THE TAX MEASURES OF FEDERAL BUDGET 2019, March 19 with annotations under the relevant sections of the Income Tax Act and Regulations, impacted by these most recent amendments.
Bill C-86 - A second Act to implement certain provisions of the budget tabled in Parliament on February 27, 2018 and other measures, December 13, 2018: S.C. 2018, c. 27
Bill C-86 enacted:
- at-risk rules for tiered partnerships
- cross-border surplus stripping
- several changes to the foreign affiliate rules
- changes to the reassessment period
- division of a corporation under foreign laws
- deduction for Canadian Forces members
- the refundable Climate Action Incentive tax credit
- allocation of losses for Part IV tax
- political activities by registered charities
- and numerous other income tax changes
Also included, tax legislation that has not yet reached the bill stage:
Notice of Ways and Means Motion to amend the Income Tax Act and the Income Tax Regulations [2018 Fall Economic Statement]; November 21, 2018
- Proposes to accelerate CCA deductions with respect to all depreciable property by suspending the half-year rule and increasing the CCA amount by 50% for the first-year that property is available for use.
- Proposes to accelerate Canadian development expenses and Canadian oil and gas property expenses in the year they are incurred.
Draft Tax Legislation Regarding Salary Overpayments, Including Those Made Through Phoenix Pay System; January 15, 2019
Additional features
Editorial notes with explanations, tips, and traps
Full text of the Canada-U.S. Tax Treaty, with detailed editorial notes by Dentons Canada LLP
Full text of the Canada-U.K. Tax Treaty
Proposed Bill C-82, Multilateral Instrument in Respect of Tax Conventions Act
Key references to additional resources, including:
- Cross references to related sections of the Act and Regulations
- Income tax folios, bulletins, circulars, technical interpretations, forms, guides, comfort letters, and news releases
- Canadian Tax Foundation, STEP Canada, and Wolters Kluwer newsletter articles
- Case annotations summarizing key court decisions
- Numerous quick reference charts, including:
- 2019 tax rates and credits tables from PricewaterhouseCoopers LLP
- Tables of automobile, mileage, interest, exchange, and capital cost allowance rates
- Tax integration tables from PricewaterhouseCoopers LLP
- Summary tables of deadlines, offences, and penalties, and a tax calendar
Editorial Board — As of April 2019
Trust the tax and accounting intelligence from the top firms in Canada:
Joseph Frankovic LL.B., LL.M., Ph.D., CFA
Member of the Ontario Bar and the adjunct faculty of Osgoode Hall Law School
Dentons Canada LLP
Paul Bleiwas LL.B.
Donald Bowman Q.C.
Mark Jadd LL.B.
Earl I. Miller LL.B.
Larry Nevsky LL.B., CPA, CA
Tony Schweitzer LL.B., LL.M
Megan Seto J.D.
Yves St-Cyr LL.L.
Jacob Yau J.D.
Minden Gross LLP
Matthew Getzler J.D., MBA
Michael Goldberg B. Comm. Hons., LL.B.
Joan Jung LL.B.
Samantha Prasad B.A., LL.B.
PricewaterhouseCoopers LLP
Ruby Lim CPA, CA
Louis Provenzano CPA, CA
Thorsteinssons LLP
Michael Colborne LL.B., LL.M.
Michael McLaren B.Sc., LL.B.
Wolters Kluwer Canada Limited
Robert Boucher CPA, CA
Jennifer Corris B.Math
Mark Ho CPA (Australia)
Harry Hoogkamp CPA, CMA, CBV
Cameron Mancell CFP®
Roderick McBey GJM, BA, LL.B., TEP
Robert Spenceley M.A., LL.B.
Peter Tomlinson B.A., LL.B.