On September 10, 2018, TEI submitted comments to the Department of Finance Canada concerning two of the draft income tax legislative proposals that were released for public consultation on July 27, 2018. The first proposal would amend the filing deadline for Form T1134, Information Return Relating to Controlled and Not-Controlled Foreign Affiliates, while the second would create a new “stop-the-clock” rule to extend the reassessment period when taxpayers challenge requirements for domestic-based information or compliance orders.
TEI’s comments were jointly prepared under the aegis of the Institute’s Canadian Income Tax Committee, whose Chair is Carolyn Mulder. Watson M. McLeish, Tax Counsel for the Institute, coordinated their preparation.
Committee