With the enactment of Bill C-47 on June 22, 2023, Canada s enhanced mandatory disclosure rules are now fully in effect. These rules, which were first announced in the 2021 Canadian federal budget: expand the prior rules for reportable transactions; include new reporting requirements for notifiable transactions and uncertain tax treatments; and impose new punitive consequences, including penalties and extended reassessment periods, for failing to comply with the disclosure requirements.
The 2023 Canadian Federal Budget, released March 28, 2023, provides particulars on the proposed new two percent tax on share buybacks and expands the proposal to apply to repurchases of equity by certain trusts and partnerships.
The 2023 Canadian Federal Budget, released March 28, 2023 Budget 2023, proposes significant amendments to expand the application of Canada s general anti-avoidance rule GAAR.
There s a lot of people out there that, if they had to choose to go into homelessness with or without their pet, they would take that pet with them, because they re part of their family.