EXTENSION OF INTERIM MEASURE ON DEDUCTIBILITY OF PROVINCIAL PAYROLL AND CAPITAL TAXES

News Release

December 16, 2004 2004-080 Minister of Finance Ralph Goodale announced today that the interim measure that limits the deductibility of increases in provincial payroll and capital taxes will continue to apply. Under the interim measure, any existing provincial payroll and capital taxes will remain deductible for federal income tax purposes, but increases in these taxes by way of provincial actions to increase the rate, change the definition of the base or introduce new taxes generally would not be deductible. The announcement of the extension of the interim measure ensures that all businesses and provinces are informed of the rules that apply to the deductibility of provincial payroll and capital taxes. - 30 - ___________________ For further information: David Gamble Public Affairs and Operations Division (613) 996-8080 Pat Breton Press Secretary Office of the Minister of Finance (613) 996-7861

Search for related information by keyword

Finance Canada Economics and Industry

Page details

2016-12-15

We have archived this page and will not be updating it.

We have archived this page and will not be updating it.

EXTENSION OF INTERIM MEASURE ON DEDUCTIBILITY OF PROVINCIAL PAYROLL AND CAPITAL TAXES

News Release

Page details