On September 26, 2014, TEI submitted a letter to the Canadian Department of Finance setting forth the Institute’s recommended revisions to August 29, 2014, draft legislation that will restrict back-to-back loans made through intermediaries.
The comments were prepared under the aegis of TEI’s Canadian Income Tax Committee, whose chair is Grant L. Lee of HSBC Bank Canada. Contributing substantially to the development of TEI’s comments was Jason Vincze of General Electric Canada. Also contributing to the comments were Giovanna Baragetti of Hydro-One Networks, Inc.; Kurtis L. Bond of ConocoPhillips Canada; Lynn Moen of Walton Global Investments, Ltd.; Caroline Morin of Spectra Energy Corporation; and Carolyn Mulder of Wal-Mart Canada, Corp. Jeffery P. Rasmussen of the Institute’s legal staff coordinated the preparation of the comments.