The Canadian Institute of Chartered Accountants / L’Institut Canadien des Comptables Agréés
Registration:
7
of
11
(1999-06-28
to
2000-01-26)
Subject Matter: Retrospective:
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IN THE PREVIOUS SIX MONTHS, THE CICA HAS DEALTH WITH THE DEPARTMENT OF INDUSTRY, THE DEPARTMENT OF FINANCE AND THE STANDING SENATE COMMITTEE ON BANKING, TRADE AND COMMERCE ON POSSIBLE AMENDMENTS TO THE CANADIAN BUSINESS CORPORATIONS ACT. IN CONJUNCTION WITH THE CANADIAN BAR ASSOCIATION THROUGH THE CICA JOINT TAXATION COMMITTEE, REPRESENTATIONS HAVE BEEN MADE TO THE DEPARTMENT OF FINANCE AND TO REVENUE CANADA ON AMENDMENTS TO LEGISLATION OR REGULATIONS OF THE INCOME TAX ACT AND ON IMPLEMENTATION ISSUES. ALSO THROUGH THE JOINT TAXATION COMMITTEE, REPRESENTATIONS HAVE BEEN MADE TO THE DEPARTMENT OF FINANCE AND REVENUE CANADA REGARDING PROPOSALS FOR CIVIL PENALTIES FOR THIRD PARTIES. THE INSTITUTE HAS ALSO DEALTH WITH THE DEPARTMENT OF REVENUE AND APPEARED BEFORE THE FINANCE COMMITTEE OF THE HOUSE OF COMMONS AND THE NATIONAL FINANCE COMMITTEE OF THE SENATE ON LEGISLATION TO CREATE THE CANADA CUSTOMS AND REVENUE AGENCY.
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Subject Matter: Prospective:
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DURING THE NEXT SIX MONTHS, THE CICA WILL CONTINUE ITS ACTIVITIES WITH INDUSTRY CANADA, FINANCE AND THE STANDING SENATE COMMITTEE ON BANKING, TRADE AND COMMERCE ON LEGISLATIVE PROPOSALS FOR AMENDMENTS TO THE CBCA AND FINANCIAL INSTITUTIONS LEGISLATION RESPECTIVELY. THE CICA WILL CONTINUE TO BE ACTIVE WITH THE DEPARTMENT OF FINANCE AND REVENUE CANADA ON REGULATIONS TO HST [ HARMONIZED SALES TAX] LEGISLATION. REPRESENTATION WILL CONTINUE FROM THE JOINT TAXATION COMMITTEE TO THE DEPT OF FINANCE AND REVENUE CANADA IN REGARDS TO CHANGES IN LEGISLATION OR REGULATIONS TO THE INCOME TAX ACT AND ON IMPLEMENTATION ISSUES. REPRESENTATIONS WILL CONTINUE FROM THE JOINT TAXTION COMMITTEE TO THE DEPARTMENT OF FINANCE AND REVENUE CANADA REGARDING PROPOSALS FOR CIVIL PENALTIES FOR THIRD PARTIES. THE CICA WILL MONITOR AND MAY MAKE REPRESENTATION ON POSSIBLE CHANGES TO THE LEGISLATION OR REGULATIONS OF THE AGREEMENT ON INTERNAL TRADE TO HRDC. THE CICA WILL BE MAKING REPRESENTATION TO THE DEPT OF FINANCE ON PROPOSALS FOR THE FEDERAL BUDGET. THE INSTITUTE WILL CONTINUE TO DEAL WITH THE DEPARTMENT OF REVENUE REGARDING IMPLEMENTATION ISSUES RELATED TO THE CANADA CUSTOMS AND REVENUE AGENCY.
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