Canadian Master Tax Guide 2013, 68th Edition

The Canadian Master Tax Guide provides helpful and practical guidance on today's federal tax law. This 68th Edition reflects federal tax changes in 2012 to the date of publication and provides fast and reliable answers to tax questions affecting individual and business income tax.

The 2013 Canadian Master Tax Guide contains timely and precise explanations of federal income taxes for individuals, partnerships, corporations, estates, and trusts, as well as changes established by key court decisions and the Canada Revenue Agency. Significant new tax developments are conveniently highlighted and concisely explained for quick reference and understanding. The book's explanations provide tax practitioners with accurate and sound guidance to help them understand, apply, and comply with today's complex tax laws.

The Canadian Master Tax Guide is conveniently cross-referenced to the Income Tax Act, Income Tax Regulations, court decisions, and CRA technical publications. This reliable reference is a must for anyone involved with federal taxation.

Topical Coverage:

• Tax Rates and Credits
• Tax-Free Savings Account
• Income from Business and Property
• Deferred Income Plans
• Capital Gains and Losses
• Dividends
• Capital Cost Allowance
• Charitable Donations
• SR&ED Expenses
• Returns and Assessments
• Tax Planning for Individuals - 2013/2014

Important updates for 2013 include legislative changes affecting the following:

• Investment tax credits:
  • scientific research and experimental development (SR&ED)
  • pre-production mining expenditures
  • Atlantic oil and gas mining activities and electricity generation equipment
• Split and late eligible dividend elections
• Partnership waivers
• Transfer pricing adjustments
• Thin capitalization rules
• Registered disability savings plans (RDSPs)
• Taxation of contributions to group sickness or accident insurance plans
• Retirement compensation arrangements
• Employee profit sharing plans
• Dispositions of an interest in a partnership
• Phase out of overseas employment tax credit
• SIFT trusts and partnerships
• Stapled securities and REITS
• Tax shelters
• Wind-ups and amalgamations involving corporate partnerships
• Foreign affiliate dumping