The Canadian Institute of Chartered Accountants / L’Institut Canadien des Comptables Agréés
Registration:
3
of
11
(1997-05-09
to
1997-12-05)
Subject Matter: Retrospective:
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IN THE PREVIOUS SIX MONTHS, THE CICA HAS DEALT WITH THE DEPARTMENT OF INDUSTRY AND THE STANDING SENATE COMMITTEE ON BANKING, TRADE AND COMMERCE ON POSSIBLE AMENDMENTS TO THE CANADA BUISNESS CORPORATION ACT. THE CICA HAS ALSO DEALT WITH THE DEPARTMENT OF FINANCE AND THE OFFICE OF THE SUPERINTENDENT OF FINANCIAL INSTITUTIONS ON POSSIBLE AMENDMENTS TO FINANCIAL INSTITUTION LEGISLATION. THE CICA HAS MADE REPRESENTATIONS TO CANADA CUSTOMS ON THE VALUATION FOR DUTY REGULATION DEFINING THE PURCHASER IN CANADA PRINCIPLE. IN CONJUNCTION WITH THE CANADIAN BAR ASSOCIATION THROUGH THE CICA JOINT TAXATION COMMITTEE, REPRESENTATIONS HAVE BEEN MADE TO THE DEPARTMENT OF FINANCE ON AMENDMENTS TO LEGISLATION REGULATIONS OF THE INCOME TAX ACT. THE CICA HAS ALSO MADE REPRESENTATION TO THE DEPARTMENT OF FINANCE ON GST AMENDMENTS. THE CICA HAS MADE PROPOSALS TO REVENUE CANADA INREGARDS TO THEIR PROPOSAL TO E-FILE FINANCIAL STATEMENTS WITH CORPORATE TAX RETURNS.
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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 INSTITUTION LEGISLATION RESPECTIVELY. THE CICA WILL CONTINUE TO BE ACTIVE WITH THE DEPARTMENT OF FINANCE AND REVENUE CANADA ON REGULATIONS TO HST LEGISLATION. REPRESENTATION WILL ALSO BE MADE TO REVENUE CANADA ON THE PROPOSED CANADA CUSTOMS AND REVENUE AGENCY. REPRESENTATION WILL CONTINUE FROM THE JOINT TAXATION COMMITTEE TO THE DEPARTMENT OF FINANCE IN REGARDS TO CHANGES IN LEGISLATION OR REGULATION TO THE INCOME TAX. THE CICA WILL MONITOR AND MAY MAKE REPRESENTATION ON CHANGES TO THE LEGISLATION OR REGULATION OF THE AGREEMENT ON INTERNAL TRADE TO THE DEPARTMENT OF HUMAN RESOURCES DEVELOPMENT. THE CICA WILL MAKE REPRESENTATIONS TO THE DEPARTMENT OF INDUSTRY AND TO THE DEPARTMENT OF FOREIGN AFFAIRS AND INTERNATIONAL TRADE, IF REQUIRED, ON IMPLENTATION ISSUES IN REGARDS TO THE GATS AGREEMENT. THE CICA WILL BE MAKING REPRESENTATION TO THE DEPARTMENT OF FINANCE ON PROPOSALS FOR THE FEDERAL BUDGET.
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