One of the bills on Parliament’s table this session is C-256,[1] a private members’ bill sponsored by a Conservative MP from Manitoba. The bill is called “Act to amend the Income Tax Act (donations involving private corporation shares or real estate)” and it proposes the elimination of capital gains tax on the items in its […]
The following question was asked of the CRA by the Tax Executive Institute in connection with its December 5, 2017 liaison meeting with CRA representatives. If the CRA is ultimately unwilling to provide the administrative concession described in the question below[1], would the Department of Finance be willing to consider a legislative amendment to the […]