Annual lists 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995

Ottawa, December 20, 2002
2002-107

Federal Government Releases Draft Technical Income Tax Amendments

Related document:

• Legislative Proposals and Explanatory Notes Relating to Income Tax.

John Manley, Deputy Prime Minister and Minister of Finance, released today a package of draft technical amendments to the Income Tax Act. The draft amendments generally correct or clarify the application of existing income tax provisions to ensure that underlying tax policy objectives are met.

This package of draft amendments is being released today to provide taxpayers and their advisors with an opportunity to consider and comment on the proposals.

Detailed explanatory notes relating to the proposed amendments are also being released. References to “Announcement Date” in the draft legislation and explanatory notes should be read as referring to today’s date.

The draft legislation and explanatory notes are available on the Department of Finance Web site at the address listed below. As of Monday, December 23, 2002, printed copies will be available for $60 from the Department of Finance Distribution Centre at (613) 995-2855.

___________________

For further information:

If you would like to receive automatic e-mail notification of all news releases, please visit the Department of Finance Canada Web site at http://www.fin.gc.ca/scripts/register_e.asp.