Product Description

This is a comprehensive resource with expert insights, detailed annotations, and updated amendments – all in a portable, two-volume format. It features extensive tax rate tables and the full text of the Canada-U.S. and Canada-U.K treaties.

What's New in This Edition:

• S.C. 2021, c. 26 (Bill C-2), An Act to provide further support in response to COVID-19: Extension of subsidies under the CEWS, CERS and CRHP; Canada Worker Lockdown Benefit Act—consequential amendments
• Bill C-8, Economic and Fiscal Update Implementation Act, 2021 (First Reading Dec. 15, 2021): Certain measures tabled in the Economic and Fiscal Update, including the new Small Businesses Air Quality Improvement Tax Credit and Farmers Fuel Charge Refundable Tax Credit; expanding the Northern Residents Deduction and School Supplies Tax Credit; Underused Housing Tax Act—consequential amendments
• Dec. 14, 2021 Economic and Fiscal Update: Measures not included in Bill C-8, including the Digital Services Tax (excerpts from Supplementary Information, Backgrounders, Update chapters)
• Private Member’s Bill S-216 (First House Reading Feb. 3, 2022; was Bill S-222 in previous session), Effective and Accountable Charities Act (ITA 149.1(1)“charitable activities”, etc.)
• Dec. 3, 2021 draft legislation: Climate action incentive (carbon tax credit) changed to quarterly payments (ITA 122.8)
• Liberal Party election platform promises (Sept. 2021) and Prime Minister’s mandate letters to Cabinet minsters (Dec. 16, 2021), indicating likely amendments
• P.C. 2021-882, Aug. 11, 2021 and P.C. 2021-1012, Dec. 9, 2021: CEWS and CERS amendments (Reg. 8901.2)
• July 22 and Aug. 6, 2021 Agriculture Canada announcements of livestock deferral regions for 2021 (Reg. 7305.01)
• Dec. 23, 2021 Finance release: 2022 automobile dollar limits (Reg. 7305.1, 7306, 7307)
• Various announcements from Finance, CRA and other government departments providing COVID-19 administrative relief, etc. and indicating possible legislative amendments

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