Feds propose new rules for foreign investment entities, non-resident trusts
Simplified rules intended to better target aggressive offshore tax planning schemes
- By: Rudy Mezzetta
- March 4, 2010 March 4, 2010
- 17:17
Simplified rules intended to better target aggressive offshore tax planning schemes
Government promises end to “negative-option billing” in the financial sector
One of the measures proposes to allow a 10-year carry forward of Canada Disability Savings Grant and Canada Disability Savings Bond entitlements (IE:TV)
But the government has not hiked RRSP contribution limits, expanded the utility of TFSAs, or postponed the RRIF conversion deadline, as some had hoped
Changes to Universal Child Care Benefit and others would be payable commencing July 2011
TD Bank provides lift as earnings beat forecasts
Certain tax measures were introduced to encourage people to spend on green energy
Growth without stagnation or recession will be needed to balance the federal government’s books (IE:TV)
Deficit of $49.2 billion
First U.S. Treasury index to be rebalanced daily
Value of residential permits up 4.1%
Oil, gold head lower
N.Y. weak despite data
Growth in Canada expected to remain much stronger than south of the border
Tories propose freezing MP salaries, loosening foreign investment rules
Investors will applaud province for keeping a firm hold on finances
Proposals increase nearly 40%
Royal Bank Q1 profit up 35%
Provincial deficit forecast at $1.7 billion
BMO beats earnings forecast; BoC leaves rates unchanged
Economy improving, central bank says