1. Common Reporting Standard:
a. Asking Parliamentarians to send a letter to the Minister of Finance to urge him to apply a risk-based approach to Common Reporting Standard (CRS) implementation, such as a Foreign Account Tax Compliance Act (FATCA)-style “98 per cent” test that would annually exempt institutions that have 2 per cent or fewer of their assets held by non-residents.
2. Federal Tax Review:
a. Asking Parliamentarians to ask the Minister of Finance to make sure the current tax review and its recommendations are guided by the principle of fair taxation for different corporate forms.
Regulation
3. Mortgage Insurance:
a. Asking Parliamentarians to not support the idea of a deductible as a means of risk sharing for Canada Mortgage Housing Corporation (CMHC) mortgages.