Income Tax Act Archives | First Reference Talks

By McCarthy Tétrault LLP | 18 Minutes Read July 29, 2020

CEWS update – Detailed tax commentary on enacted amendments in Bill C-20

On July 17, 2020, the government of Canada (the “Government”) released details, as well as draft legislative proposals to amend, inter alia, the Income Tax Act (Canada) (the “ITA”), in respect of a redesigned Canada Emergency Wage Subsidy (“CEWS”) program. The legislative proposals, in the form of Bill C-20, An Act respecting further COVID-19 measures (“Bill C-20”), received Royal Assent on July 27, 2020, and are now law.

By Jean-Pierre A. Laporte B.A., M.A., J.D. (of the Bar of Ontario) | 3 Minutes Read March 1, 2017

RRSP: Should professionals use it to save?

Unlike most Canadians who are not operating a business, many professionals have more options to them when it comes to retirement savings. The average Canadians employed by companies in the private sector will typically use the Registered Retirement Savings Plan or the Tax–Free Savings Account. The lucky few work for organizations that sponsor a registered pension plan, but their numbers seem to be declining every year as a percentage of the workforce not working in para–public employment.

By Yosie Saint-Cyr, LL.B. Managing Editor | 4 Minutes Read October 31, 2016

Bill to enhance the Canada Pension Plan introduced

On October 6, 2016, the federal government introduced Bill C-26, An Act to amend the Canada Pension Plan, the Canada Pension Plan Investment Board Act and the Income Tax Act to enhance the Canada Pension Plan (CPP), Canada's government provided pension plan.

CEWS update – Detailed tax commentary on enacted amendments in Bill C-20

RRSP: Should professionals use it to save?

Bill to enhance the Canada Pension Plan introduced

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