Archived - Department of Finance Canada Consults on Updates to the Tax System

September 16, 2016 – Ottawa, Ontario – Department of Finance Canada

The Government of Canada is committed to ensuring that Canada’s tax system is fair, efficient, and functioning as intended to make sure that our economy is working for the middle class and all Canadians. Providing opportunities for Canadians to have their say on proposed changes to the tax system is an important part of this ongoing process. To that end, the Department of Finance Canada today released draft legislative and regulatory proposals relating to technical amendments to the Income Tax Act and related legislation.

These proposals include amendments to:

Additionally, the Department of Finance Canada is proposing changes to the measure in respect of the Sales of Linked Notes announced in Budget 2016.

The legislative and regulatory proposals, as well as explanatory notes that describe the proposals in detail, are included with this release. Interested parties are invited to provide comments on the legislative and regulatory proposals by November 15, 2016. Please send your comments to or to:

Tax Policy Branch
Department of Finance Canada
90 Elgin Street
Ottawa, Ontario
K1A 0G5

Annie Donolo
Press Secretary
Office of the Minister of Finance

Media Relations
Department of Finance Canada

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