In the first issue of Blakes on Canadian Tax Controversy & Tax Litigation, Ed Kroft and Deborah Toaze discuss the recently released Copthorne decision from the Supreme Court of Canada. On Friday, December 16, 2011 the Supreme Court of Canada delivered the judgment in the Copthorne Holdings Ltd. v. Her Majesty the Queen (F.C.) (33283) appeal. Please click here to view the judgment or view the attachment.
The list of 2012 Federal, Provincial and Territorial Budget dates will be updated as dates are announced. New: Alberta: Feb. 9, 2012; British Columbia: Feb. 21, 2012.
The Joint Committee on Taxation of the Canadian Bar Association and the Canadian Institute of Chartered Accountants issued a submission to the Department of Finance regarding the ITA functional currency rules on Jan. 19, 2012.
The McCarthy Tétrault Canada Tax Service commentary to ITA 83(2) (capital dividends), ITA 89(1)"public corporation", ITA 125 (small business deduction) and ITA 184-185 (additional tax on excessive elections) has been updated.
--------------------------------------------------------------------------------------------------------------------------------------------------------
You just clicked through from an excerpt of today’s posting on TaxNews. TaxNews is the the daily news component on Taxnet Pro that provides you with the most current information available. It is fully integrated with comprehensive research databases containing legislation, government documents, commentary and case law.
Taxnet Pro keeps you informed. You’ll always hear about the latest tax developments delivered through Highlights, a What’s New section, Special Alerts and customizable TaxNews email notifications.
Taxnet Pro keeps you informed. You’ll always hear about the latest tax developments delivered through Highlights, a What’s New section, Special Alerts and customizable TaxNews email notifications