TaxMatters@EY - July 2013
Publications and articles
Tax Alerts — Canada
- New reporting requirements for Canadians with offshore property and income
2013 Issue No. 27
On 25 June 2013, the Canada Revenue Agency announced the launch of a strengthened Foreign Income Verification Statement (Form T1135). For 2013 and later taxation years, Canadians who hold foreign property with a cost of over $100,000 will be required to provide additional information to the CRA.
- At last, the omnibus technical bill (C-48) is enacted
2013 Issue No. 28
On 26 June 2013, after some of its measures had been outstanding for more than a decade, Bill C-48, Technical Tax Amendments Act, 2012, received Royal Assent.
- British Columbia budget 2013–14
2013 Issue No. 29
BC Finance Minister Michael de Jong tabled the province’s updated fiscal 2013–14 budget on 27 June 2013 as a result of the Clark government’s return to power following the May 2013 provincial election.
- Improving intercompany effectiveness: implement operational transfer pricing
2013 Issue No. 30
A new EY publication looks at ways to optimize intercompany transfer pricing and why this is important to chief financial officers and heads of supply chain.
Publications and articles
BoardMatters Quarterly: Unique boards, unique issues
This edition explores how and why some companies are opting to enhance disclosures made by audit committees. Also included are articles about the governance practices of small- and mid-cap companies, the debate on perceived tax avoidance and the latest developments on the FASB and the IASB’s convergence projects.
Human capital carve-out study: strategies of successful sellers
Human capital often represents a company’s largest annual operating expense. On the other hand, employees form a company’s foundation and drive profitability through product quality, innovation, market leadership and customer relationships. Human capital management can therefore make a carve-out transaction successful, or it can destroy value and even break a deal. We surveyed executives experienced in global corporate divestments to determine how their human capital initiatives impact their deal success.
Managing indirect taxes in rapid-growth markets
In this report, we look at issues and opportunities that multinational companies face in doing business in emerging and fast-growing economies. Through a series of interviews, we highlight some of the everyday challenges that businesses encounter and how they tackle them in practice, drawing on some of the lessons they have learned and the “leading practices” they have developed.
2013 Worldwide VAT, GST and Sales Tax Guide
This guide summarizes the value-added tax, goods and services tax and sales tax systems in 105 jurisdictions and the European Union (EU). The guide provides at-a-glance information as well as details on the scope of the tax, persons liable, tax rates, time of supply, the recovery of the tax by taxable persons and nonestablished businesses, invoicing, and tax returns and payments. In addition, for EU countries, information is provided regarding INTRASTAT reports and EU Sales Lists.
2013 Worldwide Corporate Tax Guide
Our recently updated guide covers even more countries than before. Gain insight into each country’s tax system as well as recent corporate tax developments.
Business immigration alerts and updates
For the latest information on Canadian and US business immigration issues from Egan LLP, a business immigration law firm allied with Ernst & Young LLP in Canada, visit EganLLP.com.
Global Center for Entrepreneurship and Innovation
Our Global Center for Entrepreneurship and Innovation connects and informs entrepreneurs of all shapes and sizes as they progress on their growth journey.
Online tax calculators and rates
Frequently referred to by financial planning columnists, this popular feature on ey.com/ca lets you compare the combined federal and provincial 2012 and 2013 personal tax bills in each province and territory. The site also includes an RRSP savings calculator and personal tax rates and credits for all income levels. Our corporate tax-planning tools include federal and provincial tax rates for small-business rate income, manufacturing and processing rate income, general rate income and investment income.
| EY’s Federal Income Tax Act, 2013 (11th) edition |
Editors: Greg Boehmer, Fraser Gall, Jay Hutchison
Complete coverage of Canada’s Income Tax Act and Regulations. Includes an insert with the Budget 2013 proposals. Also available in eBook format.
| EY’s Guide to the Taxation of Mining Operations, 1st Edition |
Editors: John Chan, André Lortie, Jim MacLean, Michael Sabatino, Bruce Sprague, Tom Stack
Aperçu des règles fédérales relatives à l’impôt sur le revenu qui s’appliquent aux activités minières, analyses détaillées sur des sujets tels que les comptes de ressources, les actions accréditives, les règles sur les sociétés remplaçantes, les investissements de non-résidents dans des activités minières au Canada ainsi que les activités de succursales étrangères et de filiales. Les impôts sur les mines imposés par la Colombie-Britannique, l’Ontario, la Saskatchewan et le Québec sont aussi abordés.