Letter to Finance Canada on capital gains exemption for Employee Ownership Trusts
In this letter to the Department of Finance, we recommend amendments to legislation providing a capital gains exemption of up to $10 million to individuals who sell shares of a corporation to an Employee Ownership Trust (EOT). Download now
CALU Letter to Finance Canada re Capital Gains Inclusion
In this letter to the Department of Finance, we share our views and recommendations relating to the proposals in Budget 2024 to increase the inclusion rate for capital gains from one half to two thirds for all taxpayers, with an annual exemption of $250,000 for individuals other than trusts. Download now
Letter to Parliamentary Committees: Intergenerational Business Transfers
Letters to the Standing Senate Committee on National Finance and the Standing Committee on Finance of the House of Commons on the issue of intergenerational business transfers in the context of its study of the subject matter of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023. Lettres au Comité sénatorial permanent des finances nationales et au Comité permanent des finances (FINA) de la Chambre des communes sur la question des transferts intergénérationnels d'entreprises dans ...
CALU pre-budget submission to the Department of Finance for “Let’s Talk Budget 2024”.
CALU’s pre-budget submission to the Department of Finance in advance of Budget 2024. It recommends that the federal government:Support the successful transition of small businesses to family membersEnsure the self-employed remain an important pillar of employment and economic growthEnhance the retirement income system for younger and older CanadiansMaintain and enhance the availability of dental plans offered by small businesses View the submission
CALU submission to Finance on draft legislative proposals relating to short-term rentals
CALU comments on draft legislative proposals relating to short-term rentals released by the Department of Finance on December 20, 2023. View the submission
CALU Submission to Finance on Underused Housing Tax (UHT)
Read our response to the consultations by Finance on the Underused Housing Tax (UHT) including our recommendation that the exemption from filing requirements for exempt Canadian entities be made effective for 2022, and not 2023 as currently proposed. View the submission
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
CALU submission to Finance on intergenerational business transfers
CALU letter to Finance relating to draft legislation released on August 4, 2023 as it pertains to intergenerational business transfer rules. View the submission
CALU submission to Finance on the AMT
CALU submits letter to Finance relating to draft legislation released on August 4, 2023 as it pertains to the application of the Alternative Minimum Tax (AMT) rules. View the submission
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
