Previously Announced Measures

March 22, 2011

The Budget confirms the Federal Government’s intention to proceed with the following previously announced tax and related measures, as modified to take into account consultations and deliberations since their release:

  • Legislation relating to measures announced in the March 2010 Budget (including related legislative proposals that were released on August 27, 2010);
  • Legislative proposals released on November 5, 2010 relating to income tax technical amendments;
  • Legislative proposals released on December 16, 2010 relating to the Real Estate Investment Trust rules;
  • Proposed changes to certain GST/HST rules relating to financial institutions released on January 28, 2011;
  • Legislative proposals released in draft form on March 16, 2011 relating to the deductibility of contingent amounts, withholding tax on interest paid to certain non-residents, and the tax treatment of certain life insurance corporation reserves; and
  • Outstanding draft legislative proposals relating to foreign affiliates.

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