Submission to Finance Canada concerning the unintended scope of Bill C-377

Date de parution : 08/05/2015
Personne(s)-ressource(s) : Ronald Sanderson

After extensive debate within Parliament over several years, Bill C-377, an Act to Amend the Income Tax Act (Labour Organizations) received Royal Assent in late June. Building on prior representations to Parliament, CLHIA has written to Finance Canada seeking technical amendments to narrow the scope of the Bill to eliminate reporting and publication requirements for personal financial transactions such as RRSP contributions and withdrawals, since these do not relate to union or other labour organization activities.