Canadian Master Tax Guide 2015, 70th Edition

Canadian Master Tax Guide provides helpful and practical guidance on today's federal tax law. This 69th edition reflects federal tax changes in 2014 to the date of publication and provides fast, reliable answers to tax questions affecting individual and business income tax.

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.

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 - 2015/2016

The 2015 edition provides timely and precise explanations of recent developments including legislative changes affecting the following:

• Bill C-4, Economic Action Plan 2013 No. 2 legislative amendments including items such as:
  • Lifetime capital gains exemption increase (2013 Budget)
  • Labour Sponsored Funds Tax Credit phase out (2013 Budget)
  • Synthetic dispositions (2013 Budget)
  • Character conversion transactions (2013 Budget)
  • Trust & corporate loss trading (2013 Budget)
  • SR&ED information requirements (2013 Budget)
  • Restricted farm losses (2013 Budget)
  • Leveraged insurance arrangements (2013 Budget)
  • Pre-production mine development expenses (2013 Budget)
  • Thin capitalization (2013 Budget)
  • Technical amendments contained in draft legislation released on Dec. 21, 2012, including corporate reorganizations and transfer pricing relief
  • amendments relating to stapled securities contained in draft legislation released on July 25, 2012,
• Bill C-31, Economic Action Plan 2014 Act, No. 1 legislative amendments including items such as:
  • Tax credits for adoption and medical expenses, and search & rescue volunteers (2014 Budget)
  • Administration of GST tax credit
  • Tax deferrals and rollovers in farming (2014 Budget)
  • Amateur athlete trusts (2014 Budget)
  • Extension of kiddie tax (2014 Budget)
  • Canada-US Enhanced Tax Information Exchange  Agreement (re FATCA)
  • CRA’s Offshore Tax Informant Program
  • Communication of taxpayer information
• Other 2014 Budgetary measures not yet enacted including:
  • ther 2014 Budgetary measures not yet enacted including:
  • Immigration trusts
  • Estate donations
  • Graduated rate taxation of trusts and estates
  • Back-to-back loans
  • Consultation on eligible capital property
• Draft amendments in respect of the life insurance policy exemption test 
• Draft amendments in respect of foreign accrual property income