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ARTICLE · 30 SEPTEMBER 2022

Release Of Draft Canadian Tax Legislation

Miller Thomson
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Miller Thomson

Miller Thomson LLP ("Miller Thomson") is a national business law firm with approximately 500...

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On August 9, 2022, legislative proposals relating to the Income Tax Act and other tax legislation were released by the Department of Finance for public feedback

CanadaTax
Ron Choudhury
Ron Choudhury
Regan O'Neil
Regan O'Neil
Colleen Ma
Colleen Ma
Carolyn Inglis
Carolyn Inglis
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On August 9, 2022, legislative proposals relating to the Income Tax Act (the "Act") and other tax legislation were released by the Department of Finance for public feedback (the "August Proposals"). The August Proposals seek to implement certain measures previously announced in the 2022 Federal Budget tabled in the House of Commons on April 7, 2022 (the "Budget"), as well as other previously announced technical amendments.

Miller Thomson's Tax Group has reviewed the August Proposals. In this release, we outline and discuss certain key income tax and mandatory reporting measures of relevance to our practices and our client base across Canada. We will continue to track certain measures as they evolve and—as always—welcome your questions, comments and views.

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