Submissions and Presentations

CALU Letter to Finance Canada on DRD

CALU writes a follow-up letter to Finance Canada to reiterate concerns about the dividend received deduction (DRD) measure that was first proposed in Budget 2023 and reaffirmed in last week’s Fall Economic Statement with only slight modifications. Download now

November 30, 2023|Categories: Submissions and Presentations|

CALU submission for the pre-budget consultations in advance of the 2024 federal budget

CALU pre-budget submission to the Standing Committee on Finance in advance of Budget 2024. The submission updates our recommendations from last year and adds a new one related to the recent decrease in the number of self-employed individuals in Canada. Specifically, we recommend that the federal government: Support small business owners on family business succession, and closely monitor the recent reduction in the number of self-employed individuals in Canada and take action as needed. Enhance Canada’s retirement income system (on RRSPs and RRIFs) Strengthen Canada’s dental care system View the submission

August 3, 2023|Categories: Submissions and Presentations|

CALU submission to Finance on DRD proposals

CALU writes Finance Canada to communicate our concerns with proposals contained in the 2023 federal budget (Budget 2023) that would deny the dividend received deduction (DRD) for dividends received by life insurance companies on shares that are mark-to-market property. View the submission View the attachment

July 6, 2023|Categories: Advocacy, Submissions and Presentations|

Finance Canada report on RRIF and Minimum Withdrawal Requirements

A new report on rules governing registered retirement income funds (RRIFs) on which CALU provided input was recently tabled in the House of Commons. The report addresses several key issues for the program including the conversion age, minimum withdrawal rates and the underlying assumptions used to determine the withdrawal formula. While the report does not make any specific recommendations, it contains a wealth of information that should be helpful to both the government and stakeholders in evaluating whether the existing RRIF withdrawal rules need to be modified. Read the report Lire le rapport

June 29, 2023|Categories: Submissions and Presentations|

CALU Submission to Finance on AMT

CALU has made representations to the Department of Finance on modifications to the AMT proposed in Budget 2023. We expressed general support for the stated intent of narrowing the application of the AMT to high income Canadians but provided recommendations to address two potentially problematic areas. First to lessen the impact of the AMT on taxpayers with a large one-time income event, and second to allow trusts to benefit from the same deduction available to all other individual taxpayers. CALU will continue its advocacy on this issue in anticipation of legislation expected later this year. View the submission ...

June 8, 2023|Categories: Submissions and Presentations|



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