A private member's bill aimed at facilitating intergenerational transfers of small businesses and farms has moved one step closer to becoming law. After passing third reading in the.
In the recently released Budget 2021, Canada's federal government announced its plan to continue with the development of a Digital Services Tax (DST) to be imposed on certain large.
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The 2021 Canadian Federal Budget, released on April 19, 2021, proposes new rules that would fundamentally alter the interest deductibility landscape for Canadian businesses. The thrust of the new rules (referred to herein as the EBITDA Limit), which are proposed to take effect in 2023, is to directly link an entity s interest deductions to its level of economic activity, based on taxable income before interest, tax, depreciation and amortization.
The EBITDA Limit is targeted at cross-border interest deductions and is aligned with the common approach recommended by the OECD in BEPS Action 4, which focuses on eliminating the use of third-party, related-party, and intragroup debt by taxpayers to achieve excessive interest deductions or to finance the production of exempt or deferred income.
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For many public corporations, employee stock options have
historically represented the holy grail of equity-based
employee compensation. While providing an opportunity for employees
to share in their employer s growth in a way similar to
shareholders, stock options have also offered tax preferential
treatment from the employee s perspective. Here we focus on
legislative proposals which will fundamentally alter this tax
treatment for certain options granted by large public corporations
(having consolidated annual revenues above $500 million) after June
30, 2021. The legislative proposals were released as part of the