An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 = Loi portant...: XB441-59/3-PDF
"Part 1 implements certain measures in respect of the Income Tax Act and the Income Tax Regulations by (a) limiting the deductibility of net interest and financing expenses by certain corporations and trusts, consistent with certain Organisation for Economic Co-operation and Development and the Group of Twenty Base Erosion and Profit Shifting project recommendations; (b) implementing hybrid mismatch rules consistent with the Organisation for Economic Co-operation and Development and the Group of Twenty Base Erosion and Profit Shifting project recommendations regarding cross-border tax avoidance structures that exploit differences in the income tax laws of two or more countries to produce “deduction/non-inclusion mismatches”; (c) allowing expenditures incurred in the exploration and development of all lithium to qualify as Canadian exploration expenses and Canadian development expenses; (d) ensuring that only genuine intergenerational business transfers are excluded from the anti-surplus stripping rule in section 84.1 of the Income Tax Act"--Summary, page ii.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.938750&sl=0
| Department/Agency | Canada. Parliament. House of Commons, issuing body. |
|---|---|
| Title | An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 = Loi portant exécution de certaines dispositions de l’énoncé économique de l’automne déposé au Parlement le 21 novembre 2023 et de certaines dispositions du budget déposé au Parlement le 28 mars 2023. |
| Variant title | Loi portant exécution de certaines dispositions de l’énoncé économique de l’automne déposé au Parlement le 21 novembre 2023 et de certaines dispositions du budget déposé au Parlement le 28 mars 2023 Short title : Fall Economic Statement Implementation Act, 2023 |
| Series title | Bill C-... ; Bill C-59, 1st Session, 44th Parliament |
| Publication type | Series - View Master Record |
| Language | Bilingual-[English | French] |
| Format | Electronic |
| Electronic document | |
| Note(s) | Cover title. "First Session, Forty-fourth Parliament, 70-71 Elizabeth II - 1-2 Charles III, 2021-2022-2023-2024." "As passed by the House of Commons, May 28, 2024." Text in English and French. |
| Publishing information | [Ottawa] : House of Commons of Canada = Chambre des communes du Canada, 2024. |
| Description | 1 online resource (xvii, 526 pages). |
| Catalogue number |
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| Departmental catalogue number | 91178 |
| Subject terms | Expenditures, Public -- Law and legislation -- Canada. Budget -- Law and legislation -- Canada. |
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