ARTICLE · 23 MARCH 2017

Trouble Scoring? Just Increase The Size Of The Net

Stikeman Elliott LLP

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The Liberals ran for office on a pledge of running deficits of no more than $10 billion per year until the time of the next election, when the books would be balanced.

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Highlights

Resource Measures

Expansion of Accelerated CCA and CRCE Treatment to Geothermal Heating
Reclassification of Discovery Wells as CDE
Phase Out of Rule Deeming First $1M of CDE to be CEE
Extension of the Mineral Exploration Tax Credit

Changes to Timing of Recognition of Income from Derivatives

Option to elect to have mark-to-market treatment of certain derivates
New stop-loss rules relating to certain "straddle transactions"

Other Income Tax Changes

Clarification of de facto control of a corporation
Increased ability for switch funds and segregated funds to merge
Changes to rules impacting foreign branches of life insurers

Introduction

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