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August 2011

Issue

Date

Subject

2011-27

September 6, 2011
  • Canada: Tax Court of Canada finds hybrid capital / inventory tax treatment for assets
  • Canada: Finance opens consultations on future of employee profit sharing plans (EPSPs)
  • Costa Rica: New measures on assessments of interest for late payments of income tax
    		•

    2011-26

    August 29, 2011
  • Canada: B.C. voters reject HST—transition back to provincial sales tax begins
  • Mexico: Effective date of new VAT requirements for goods using V5 import manifest is October 1, 2011
    		•

    2011-25

    August 25, 2011
  • Canada: Proposed legislative changes to foreign affiliate tax rules
    		•

    2011-24

    August 24, 2011
  • Canada: 2011 federal budget legislation – package #2 released for comment
  • Canada: Tax-free savings account (TFSA) penalty relief could still be available for 2010
  • Canada: Wind-up vs. amalgamation of small Canadian-controlled private corporations (CCPCs); consider effect on tax instalments
  • Peru: Certain relief measures concerning tax on capital gains of non-resident entities with respect to “indirect transfers” of shares
    		•

    2011-23

    August 16, 2011
  • Canada: Uncertainty of B.C. HST may present planning opportunities
  • Canada-Colombia: Free trade agreement enters into force
    		•

    2011-22

    August 9, 2011
  • Brazil: New industrial policy launched, includes tax breaks on exports
  • Canada: CRA provides guidance for accessing corporation’s statute-barred refund
  • Canada: Non-resident’s Canadian gold bars not taxable in Canada
  • Canada: Finance SIFT proposals target stapled securities
  • Canada: Bastien and Dubé—Supreme Court of Canada finds interest income exempt under Indian Act
    		•

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