Submissions and Presentations

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 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 letter to Finance relating to draft legislation released on August 4, 2023 as it pertains to intergenerational business transfer rules. View the submission

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 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

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

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 ...

In this letter, CALU provides recommendations to government to help inform the design of the Canadian Dental Care Plan (CDCP) which is currently under development, particularly as it relates to the dental plans offered by small businesses. View the letter

CALU submission to the Department of Finance on Registered Retirement Income Funds (RRIFs) study, relating to Private Member’s Motion M-45, introduced by the Hon. Kirsty Duncan, M.P. and adopted by the House of Commons in June 2022. View the submission