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Prorogation of Parliament and the Proposed Capital Gains Inclusion Rate Increase

On January 6, 2025, Prime Minister Justin Trudeau announced his resignation as prime minister and the prorogation of Parliament until March 24, 2025. At the federal level, prorogation is an act by the Governor General,...more

Tax Base Erosion: Canada Responds with Draft EIFEL Rules Legislation

On August 4, 2023, the Department of Finance released an updated version of the draft legislation that will incorporate the excessive interest and financing expense limitation rules (“EIFEL Rules”) into the Income Tax...more

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