The Canadian Institute of Chartered Accountants / L’Institut Canadien des Comptables Agréés
Registration:
5
of
11
(1998-07-09
to
1998-12-21)
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 [ CBCA]. THE CICA HAS ALSO DEALT WITH THE DEPARTMENT OF FINANCE, THE OFFICE OF THE SUPERINTENDENT OF FINANCIAL INSTITUTIONS AND THE TASK FORCE ON THE FUTURE OF THE CANADIAN FINANCIAL SERVICES SECTOR ON POSSIBLE AMENDMENTS TO FINANCIAL INSTITUTIONS LEGISLATION. 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 OR REGULATIONS OF THE INCOME TAX ACT.
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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 ALSO BE MADE TO REVENUE CANADA ON THE PROPOSED CANADA CUSTOMS AND REVENUE AGENCY. REPRESENTATIONS WILL CONTINUE FROM THE JOINT TAXATION COMMITTEE TO THE DEPARTMENT OF FINANCE IN REGARDS TO CHANGES IN LEGISLATION OR REGULATION TO THE INCOME TAX ACT. 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 GATT AGREEMENT. THE CICA WILL BE MAKING REPRESENTATION TO THE DEPARTMENT OF FINANCE ON PROPOSALS FOR THE FEDERAL BUDGET. THE CICA MAY DEAL WITH HERITAG CANADA IN REGARDS TO THE POTENTIAL LOSS OF CAMAGAZINE'S POSTAL SUBSIDY.
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