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Ottawa, April 26, 1995
1995-038
Draft Income Tax Amendments Introduced
Secretary of State Doug Peters, on behalf of Finance Minister Paul Martin, today released a package of draft technical amendments to the Income Tax Act and related statutes. The draft legislation includes a large number of amendments that correct or clarify the application of existing income tax provisions or deal with situations that were not foreseen.
Mr. Peters said that the proposed amendments are being released in draft form to provide taxpayers and their advisors an opportunity to consider and comment on the proposed changes in a timely manner.
Detailed explanatory notes relating to the proposed amendments were also released.
In addition to the draft legislation and explanatory notes released today, the attached backgrounder highlights some of the legislation's more significant items.
References to "Announcement Date" in the draft legislation and explanatory notes should be read as referring to today's date.
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For further information:
Tax Legislation Division
(613) 996-0597
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| Last Updated: 2002-11-26 |
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