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Among a 600-page list of minor changes to tax law, the bill contained a clause that would have amended s. 125.4 of the Income Tax Act to give the Minister of Canadian Heritage the power to deny taxation credits for films made in Canada, if the Minister concluded that public financial support of the production would be "contrary to public policy ...
5. A MIC is a flow-through investment vehicle, and distributes 100% of its net income to its shareholders. 6. All MIC investments must be in Canada, but a MIC may accept investment capital from outside of Canada. 7. A MIC is a tax-exempt corporation, as its income is instead taxed in the hands of its shareholders. 8.
The Income Tax Act, Part I, subparagraph 2(1), states: "An income tax shall be paid, as required by this Act, on the taxable income for each taxation year of every person resident in Canada at any time in the year." After the calendar year, Canadian residents file a T1 Tax and Benefit Return [5] for individuals. It is due April 30, or June 15 ...
Narcotic Control Act, 1961; Canada Labour Code, 1967; Criminal Law Amendment Act, 1968–69; Arctic Waters Pollution Prevention Act, 1970; Consumer Packaging and Labeling Act, 1970; Weights and Measures Act, 1970; Divorce Act, 1968 - replaced by Divorce Act, 1985; Canada Wildlife Act, 1973; National Symbol of Canada Act, 1975; Anti-Inflation ...
This can refer to inter-provincial ATP tax planning that seeks to avoid both provincial and federal income tax, or an ATP scheme seeking to avoid only provincial income tax. [29]: 4 The market for ATP schemes contributed to the increase in tax intermediary firms with "sophisticated expertise for integrated management of their clients' tax ...
The Parliament of Canada entered the field with the passage of the Business Profits War Tax Act, 1916 [17] (essentially a tax on larger businesses, chargeable on any accounting periods ending after 1914 and before 1918). [18] It was replaced in 1917 by the Income War Tax Act, 1917 [19] (covering personal and corporate income earned from 1917 ...
The Passport system covers prospectus filings, registration of securities firms and individuals, and certain types of discretionary exemptions. Ontario is recognized by the other jurisdictions as a principal jurisdiction for Passport decisions, but the Ontario Securities Commission (OSC) has not adopted the passport rule itself.
Income tax in Canada; Template:Income taxes in Canada; B. Bill C-10: Income Tax Amendments Act, 2006; C. Caisse populaire Desjardins de l'Est de Drummond v Canada;