The most significant Canadian tax technical bill in over a
decade (Bill C-48) is now law, receiving royal assent on June 26,
2013. The bill included over 900 pages of technical
amendments that impact foreign affiliates, non-resident trusts,
offshore investment fund property and a wide variety of other
areas. Most of these technical amendments apply retroactively
(such as to the date the amendments were first proposed), and in
some cases elections are available to apply certain transitional
rules or to extend the effective dates further back.
The provisions in the bill were originally set out in a Notice
of Ways and Means Motion that was released on October 24, 2012. To
access our commentary from 2012 on the main topics that were
included in the bill, please click on the relevant link
below:
