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Notice of Ways and Means Motion to implement certain provisions of the budget tabled in Parliament on March 4, 2010 and other measures

Published by
The Honourable James M. Flaherty, P.C., M.P.
Minister of Finance

September 2010

Related Documents:

Government of Canada Moves Forward With Tax Relief and Benefits for Canadians
(News Release 2010-086)

Notice of Ways and Means Motion (HTML version)
Explanatory Notes (HTML version)

Notice of Ways and Means Motion

Explanatory Notes

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Table of Contents

Clause in Legislation	Section of the Act Amended	Topic
Preface

Part 1 Amendments to the Income Tax Act and Related Acts and Regulations

Income Tax Act
2	6	Employment Income
3	7	Employee Stock Options
4	12	Income Inclusion – TFSA or former TFSA
5	18	Prohibited Deductions
6	20	Deductions
7	33.1	International Banking Centres – Election
8	40	Capital Gains
9	56	Other Income Inclusions
10	60	Deductions in Computing Income
11	60.02	Rollover to Registered Disability Savings Plan (RDSP)
12	66	Exploration and Development Expenses
13	70	Amounts Receivable – Rights or Things
14	75	Attribution Rules – Trusts – Exceptions
15	87	Amalgamations – Employee Life and Health Trust Contributions
16	104	Deduction in Computing Income of Trust
17	107.1	Distribution by Employee Trust, Employee Benefit Plan or Similar Trust.
18	107.4	Qualifying Disposition
19	108	Trusts – Definitions
20	110	Deductions
21	111	Loss Carryovers
22	117.1	Annual Adjustment
23	122.5	GST/HST Credit
24	122.6	Canada Child Tax Benefit - Definitions
25	122.61	Canada Child Tax Benefit
26	122.7	Working Income Tax Benefit
27	127.55	Application of Section 127.5
28	128.1	Changes in Residence
29	129	Dividend Refund to Private Corporation
30	131	Capital Gains Refund to Mutual Fund Corporation
31	132	Capital Gains Refund to Mutual Fund Trust
32	133	Allowable Refund to Non-resident-owned Investment Corporation
33	138	Insurance Corporations
34	144.1	Deferred and Special Income Arrangements
35	146.2	Trust not Taxable
36	146.4	Registered Disability Savings Plan (RDSP) – Definitions
37	149.1	Charities
38	152	Assessment
39	153	Withholding
40	161	Interest on Penalties
41	161.1	Contents of Application for Offset of Refund Interest and Arrears Interest
42	164	Refunds
43	165	Objections to Assessments
44	166.1	Service of Objections to Assessments
45	169	Appeal
46	180.01	Special Tax and Relief for Deferral of Stock Option Benefit
47	180.2	Old Age Security Benefit
48	184	Election to Treat Excess as Separate Dividend
49	185.1	Election to Treat Excessive Eligible Dividend Designation as an Ordinary Dividend
50	188	Non-application of subsection (3)
51	188.1	Penalties for Charities
52	189	Reduction of Revocation Tax Liability
53	191.2	Election
54	191.3	Consideration for Agreement Respecting Liability for Tax
55	204.81	Labour-Sponsored Venture Capital Corporation
56	207	Refund of Part XI Tax
57	207.01	Taxes in Respect of TFSAs
58	207.04	Prohibited Investments – TFSAs
59	207.05	Tax on Advantages – TFSAs
60	207.06	Waiver of Certain Taxes – TFSAs
61	207.061 and 207.062	TFSAs
62	207.07	Refund of Part XI.01 Tax
63	207.7	Refund of Part XI.3 Tax
64	212	Tax on Income from Canada of Non-resident Persons
65	222	Limitation Period
66	225.1	Collection Restrictions
67	244	Procedure and Evidence
68	245	Request for Adjustments
69	248	Interpretation
Canada Pension Plan
70	38	Refund of Excess Contribution in Respect of Self-employed Earnings
Employment Insurance Act
71	85	Mailing or Sending date
72	102	Date when Assessment Made
73	152.3	Refund of Excess Premium in Respect of Self employed Earnings
Universal Child Care Benefit Act
74	2	Definitions
75	4	Amount of Payment
Income Tax Regulations
76	1104	Classes 43.1 and 43.2 – Clean Energy Generation Assets
77	1219	Canadian Renewable and Conservation Expenses
78	1402	Insurance Business Policy Reserves – Special Rules
79	1406	Insurance Business Policy Reserves
80	1408	Interpretation
81	2400	Insurers
82	2401	Designation Rules
83	3700	Interpretation
84	3701	Disbursement Quota
85	3702	Determination of Value
86	8600	Definitions
87	9500	Prescribed Payments
88	Class 10 in Schedule II	Class 10 in Schedule II
89	Class 30 in Schedule II	Class 30 in Schedule II
90	Class 43.1 in Schedule II	Class 43.1 in Schedule II

Part 2 Amendments in Respect of Excise Duties and Sales and Excise Taxes

Air Travellers Security Charge Act
91	2	Definitions
92	5.1	Associated Persons
93	15.1	No Action for Collection of Charge
94	16 and 16.1	Fiscal Periods and Reporting Periods
95	17	Returns and Payments
96	30	Waiving or Reducing Interest
97	32	Deduction of Refund
98	33	Restriction
99	35	Restriction re Trustees
100	39	Refund on Reassessment
101	53	Failure to File a Return when Required
102	55	Waiving or Cancelling Penalties
103	72	Limitation Period
104	83	Evidence and Procedure
Excise Act
105	36.1	Determination of Periods for Semi-Annual Returns
106	37	Time for Making Return
Excise Act, 2001
107	2	Definitions
108	6	Associated Persons
109	159	Fiscal Periods
110	159	Determination of fiscal half-years
111	159.1	Reporting Periods
112	160	Filing by Licensee
113	170	Minimum Interest and Penalty
114	176	Restriction
115	178	Restriction re Trustees
116	188	Assessments
117	191	Limitation Period for Assessments
118	193	Scope of Notice
119	212	Bankruptcies
120	251.1	Failure to File Return
121	253	False Statements or Omissions
122	255.1	Waiving or Reducing Failure to File Penalty
123	284	Limitation Period
124	297	Liability re Transfers not at arm’s length
125	301	Evidence and Procedure
Excise Tax Act
126	2	Associated Persons
127	58.1	Definitions
128	78	Determination of Fiscal Half-Years
129	78.1	Reporting Periods
130	79	Returns and Payments
131	82	Limitation Period
132	95.1	Failure to File a Return when Required
133	104	Service
134	106.1	Presumption
135	224.1	No Action for Collection of Tax
136	274	Request for Adjustments
137	274.2	Request for Adjustments
138	313	Limitation Period
139	315	Payment of Remainder
140	335	Evidence and Procedure
Brewery Departmental Regulations
141	7	Time for Making Return
Brewery Regulations
142	5	Excise Duty Payments
New Harmonized Value-added Tax System Regulations
143	37	Request for Adjustments