Credit Union Central Alberta Ltd.
Registration:
20
of
22
(2021-04-28
to
2021-09-30)
Legislative Proposal, Bill or Resolution
- Ensure minimal impact to credit unions as a result of the phasing out of the credit union federal tax deduction.
- Ensure minimal impact to credit unions resulting from the implementation of the Organization for Economic Cooperation and Development's Common Reporting Standard requirements.
- Ensuring that credit unions are able to fully participate in an open banking framework, including collaboration between federal and provincial governments to align legislation/ regulation for federal and provincially regulated financial institutions.
- Requesting updated definition of 'credit union' under Income Tax Act that reflects current nature of credit unions' business.
Policies or Program
- Changes to Farm Credit Canada's market conduct to ensure level competition with private sector financial institutions.
- Ensure credit union system postions on taxation are conveyed to government stakeholders during the federal government's ongoing review of the Canadian tax system.
- Ensure minimal impact to credit unions as a result of policy changes contemplated by the federal government regarding mortgage insurance and mortgage eligibility requirements.
- Ensuring that credit unions are able to offer government relief programs to their members at the same time as banks are.