The Stikeman Income Tax Act Annotated is a complete
consolidation of the Income Tax Act, Regulations and Rules. Now in its
43rd Edition, this consolidation has been completely updated to reflect the law
to February 1, 2008.
New developments in this edition include:
- Bill C-28, Budget and Economic Statement
Implementation Act, 2007. Royal Assent on Dec. 14, 2007 as S.C., 2007,
c.35. This Bill enacts:
- The Department of Finance Economic Statement, (Oct. 30,
2007);
- The remaining 2007 Budget measures; technical amendments
(draft legislation previously released on Oct. 2, 2007;
- The Registered Disability Savings Plans (draft legislation
previously released on Oct 2, 2007);
- The changes relating to T3 (trust) and T5013 (partnership)
information slips (draft legislation previously released on July 4, 2007.
- Bill C-12 (formely Bill C-62), An Act to amend the
Bankruptcy and Insolvency Act, the Companies' Creditors Arrangement Act,
the Wage Earner Protection Program Act and chapter 47 of the Statutes of
Canada, 2005: Royal Assent as S.C. 2007, c. 36 on Dec, 14, 2007
- Bill C-10 (formely Bill C-33), Income Tax Amendment
Act, 2006: re-tabled as Bill C-10 and passed by the House of Commons on
Oct. 29, 2007. First Senate Reading Oct. 30 2007; Second Senate Reading and
referred to the Senate Standing Committee on Banking, Trade and Commerce on
Dec. 4, 2007 covering foreign investment entities and non-resident trusts.
- Bill C-20 (formely Bill C-43), Senate Appointment
Consultations Act: re-tabled as Bill C-20 on Nov. 13, 2007 which encompasses
consequential amendments to the ITA.
- Draft Regulations, Nov. 20, 2007 (international tax
fairness)
- Amending regulations: Omnibus amendments - 2007 (P.C.
2007-1443 (SOR/2007-212)); 2006 drought regions (P.C. 2007-1444
(SOR/2007-213))
- U.S. Treaty: Bill S-2. An Act to amend the
Canada-United States Tax Convention Act, 1984: Royal Assent as S.C. 2007,
c.32 on Dec 14, 2007. The Bill will implement the Fifth Protocol to amend the
Canada-U.S. Tax Treaty (Sept. 21, 2007) once it is ratified by U.S.
- New confort letters released bu the Department of Finance
- New Selected Cases annotations to reflect important judgments
since the last edition.
SITA provides an extensive examination of the Income Tax Act,
with annotations for each provision, including references to Related
Provisions, relevant Regulations, ITARs, and government documents such as
Interpretation Bulletins and Information Circulars. Annotations also outline
the legislative history of provisions and provide digests of signifcant cases.
Draft amendments are included throughout the statutes in context.
Also included:
- Tables of Amending Acts
- Proposed Amendments
- Comfort Letters
- Tax Rates and Credits
- Table of Concordance
- Comprehensive Topical Index
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