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BC Unveils New Sales Tax Law
5/16/2012 Kevin Falcon, the Finance Minister of the Canadian province of British Columbia, has introduced legislation to meet government's commitment to return to the Provincial Sales Tax on April 1, 2013.
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Canada Highlights Improved Online Tax Services
5/14/2012 Gail Shea, Canada's Minister of National Revenue, has highlighted the Harper government’s efforts to reduce the tax administrative and compliance burden for businesses in Canada through the provision of online tax filing facilities.
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New Zealand, Canada Sign DTA
5/3/2012 On May 3, New Zealand’s Revenue Minister, Peter Dunne, and the Canadian
Minister of International Trade, Ed Fast, signed an updated double tax agreement to replace their countries’ 1980 bilateral treaty.
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Canada Highlights Trade Support For Manufacturing
5/2/2012 Speaking at a manufacturing summit in Ontario, Canada’s Minister of Finance
Jim Flaherty has highlighted the government’s contributions to helping build
a strong domestic manufacturing sector through investment incentives and reduced
trade tariffs.
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Canada, Serbia Sign DTA
5/2/2012 Canada and Serbia have signed a convention for the avoidance of double taxation
with respect to taxes on income and capital, which will restrict the rate at
which withholding tax is applied on income between the two countries.
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US Issues Annual IPR Country Report
5/3/2012 The Office of the United States Trade Representative has released its annual
‘Special 301 Report’ on the perceived adequacy and effectiveness of
US trading partners’ protection and enforcement of intellectual property
rights (IPR).
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Kirk Explains US Asia-Pacific Trade Policy
5/1/2012 In remarks at Singapore Management University, the United States Trade Representative
Ron Kirk described the Administration’s broad trade policy in the Asia-Pacific region
as using the Trans-Pacific Partnership to make further progress with its
trading partners around the Pacific Rim.
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Canada Legislates For Measures To Boost Business
4/30/2012 Canadian Finance Minister Jim Flaherty has introduced legislation to implement key elements of his 2012 Budget designed to improve conditions for business investment.
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CRA Reduces Burden On Tax Exempt Businesses
4/27/2012 Refunds and rebates will not be withheld from tax exempt corporations when they have outstanding tax returns, under rules set out by the Canada Revenue Agency.
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Canada-EU Trade Talks Entering Final Straight
4/26/2012 An ambitious Canada-European Union trade agreement will benefit businesses and workers, ministers from Canada and Denmark said after they met to discuss the ongoing negotiations.
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Canada, Costa Rica To Expand FTA
4/25/2012 Canada and Costa Rica have concluded a third round of talks on the expansion and modernization of their existing free trade agreement.
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Canada Targets Immigrant Entrepreneurs
4/26/2012 The Canadian government has launched consultations on plans for a new 'start-up visa' designed to attract immigrant entrepreneurs and bolster the economy.
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Malta Signs Gambling Oversight Agreements
4/25/2012 Malta's Lotteries and Gaming Authority has announced the signing of three cooperation agreements with other regulators, the European Sports Security Association, the sports integrity agency of global soccer association FIFA, and the Alcohol and Gaming Commission of Ontario, to strengthen its domestic oversight capabilities and contribute towards international enforcement efforts.
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Canadian Budget Tax Legislation Tabled
4/24/2012 Canada's Finance Minister Jim Flaherty has tabled legislation which will implement certain tax provisions of his 2012 Budget, including reforms to tax shelters and minor changes to the sales tax system.
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Canadian Province To Introduce HST
4/23/2012 The Canadian province of Prince Edward Island will move to a harmonized sales tax system from April next year, with the government expected to table a package of legislative reforms later this year.
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CRA Launches Business Account Service
4/19/2012 A new 'My Business Account' launched by the Canadian Revenue Agency is to give businesses access to help and advice on account-specific, tax-related questions.
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Canada, Chile Expand FTA
4/18/2012 Canada and Chile have signed a modernized and expanded free trade agreement, designed to deepen commercial ties between the two countries.
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Minister Promotes Canada, Peru Trade
4/16/2012 Canada's Minister of International Trade has been promoting the benefits of a deepened Canada-Peru trade and investment partnership, stressing that the relationship creates jobs, prosperity and positive change.
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Audit Detects Weakness In Canadian Aviation Sector Oversight
4/9/2012 Canada's Auditor General, Michael Ferguson has called for a fundamental review
of the functioning of Transport Canada in its role as overseer of aviation companies' compliance with civil aviation safety standards.
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Results Of Annual US Review Of Telecommunications Trade Agreements
4/10/2012 United States Trade Representative Ron Kirk has announced the results of
the 2012 annual review of the operation and effectiveness of telecommunications
trade agreements under Section 1377 of the Omnibus Trade and Competitiveness Act
of 1988.
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APEC Focuses On Trade And Investment
4/6/2012 The Asia-Pacific Economic Cooperation is moving ahead with cooperative
efforts to evaluate and identify initiatives to support freer, faster and more
beneficial trade in the region that will lead ultimately, it is hoped, to a Free
Trade Area of the Asia Pacific.
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Canada Promotes Budget's Trade Benefits
4/6/2012 Canada's 2012 Budget will help expand trade and open new markets for businesses, the Minister in charge has said.
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Ontario's Finance Minister Unveils 2012 Budget
4/3/2012 Ontario will not lower its corporate tax rate until the budget is balanced, the province's Finance Minister has said.
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BC Loan Repayment Boosts Canadian Finances
4/2/2012 British Columbia's repayment of sales tax transition loans helped the federal Canadian government to its first monthly budgetary surplus in nearly three years.
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Canada's Amended DTAs Enter Into Force
3/30/2012 Canada's updated tax treaties with Italy and Switzerland have entered into force, agreements the Finance Minister said will strengthen the country's tax system.
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No New Taxes In Budget For Canadians
3/30/2012 The Canadian government has left tax rates on hold for another year in the 2012 Budget, announced by Finance Minister Jim Flaherty on March 29.
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No New Taxes In Quebec Budget
3/27/2012 Québec's 2012 Budget contains no new taxes, with the provincial government maintaining its effort to return to a balanced budget.
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Canada To Negotiate FTAs With Thailand, Japan
3/27/2012 During the visit of Stephen Harper (pictured), the Canadian Prime Minister, to South-east
Asia, he has announced, together with Yingluck Shinawatra, the Prime
Minister of Thailand, and Yoshihiko Noda, the Prime Minister of Japan, that Canada
will pursue bilateral free trade agreements with both countries.
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BC Panel Seeking Views On Business Taxation
3/26/2012 British Columbia’s Expert Panel on Business Taxation is seeking submissions to inform its work on business tax competitiveness.
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Canada Pushes For FTA Negotiations With Mercosur
3/22/2012 Ed Fast, Canada's Minister of International Trade, has concluded a two-day trade visit to Argentina, to promote the conclusion
of exploratory talks towards a possible Free Trade Agreement between the nation
and the Mercosur trade bloc of Latin American nations.
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Canada, India Redoubling Trade Talk Efforts
3/15/2012 With Canada and India hoping to conclude a trade agreement by 2013, Canada's Minister of International Trade has said that growing bilateral trade between the two countries is fuelled by 'strong people-to-people ties'.
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TPP Talks Make Further Headway
3/14/2012 The Office of the United States Trade Representative has stated that the
prospective Trans-Pacific Partnership free trade partners – Australia,
Brunei Darussalam, Chile, Malaysia, New Zealand, Peru, Singapore, the US, and
Vietnam – made further strong headway during the recent eleventh round of
negotiations in Melbourne.
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Austria Inks DTAs With Canada, Czech Republic
3/13/2012 The Austrian finance ministry has announced the recent signing of revised
bilateral double taxation agreements with Canada and the Czech Republic.
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BC To Introduce 'Social Enterprise' Company Form
3/12/2012 Changes to British Columbian legislation will allow for the introduction of a new hybrid type of company, the community contribution company.
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Canada Committed To EU Trade Deal
3/8/2012 Concluding a Comprehensive Economic and Trade Agreement with the European Union is Canada's most important trade negotiating policy, the ministers in charge have said.
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UK Opens German Patent Highway
3/8/2012 The UK and Germany have launched a one year pilot scheme designed to speed up the processing of patent applications.
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International Patent Filings Set New Record In 2011
3/7/2012 Despite difficult global economic conditions, international patent filings under
the World Intellectual Property Organization-administered Patent Cooperation
Treaty set a new record in 2011 with 181,900 applications – up 10.7% on 2010 and the fastest growth since 2005.
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Canada Gets Budget Date
3/5/2012 Finance Minister Jim Flaherty will table Canada's 2012 Budget on March 29, committing the government to its 'low tax plan for jobs and growth'.
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Canada's Tax Revenues On The Up
3/1/2012 Canadian tax revenues were up 6.8% in December, with revenue from the first eight months of the fiscal year increasing by 4.2%.
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Canadian Minister Highlights New Pension Vehicle
2/29/2012 Canada's new pension vehicle will help small and medium-sized businesses compete in the jobs market, the Minister in charge has said.
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APEC Business Leaders Push Asia-Pac FTA
2/29/2012 The Business Advisory Council of the Asia-Pacific Economic Cooperation is focused on taking further steps towards realizing the goal of an integrated
Asia Pacific economy, and on liberalizing and facilitating trade and investment,
leading ultimately to a Free Trade Area of the Asia Pacific.
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BC Corporate Tax Hike Possible
2/27/2012 British Columbia could hike the standard rate of corporate tax if the fiscal situation does not improve, the Finance Minister has warned in his 2012 Budget.
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Canada, China Strengthen Commercial Relationship
2/28/2012 Canada and China have made progress in negotiations toward a foreign investment promotion and protection agreement and inked a series of agreements designed to strengthen their commercial relationship.
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Peru Re-Opens Doors To Canadian Cattle
2/24/2012 Peru has agreed to re-open its doors to Canadian cattle imports, a move Canada says sets the stage for greater market access.
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Canada Launches Caregiver Tax Credit
2/24/2012 Canada's Finance Minister Jim Flaherty has been promoting a series of tax reliefs aimed at helping caregivers and those with disabilities, including a new tax credit.
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Canada Highlights Family Tax Credit
2/22/2012 The Canadian government has highlighted a new tax credit that, according to the minister in charge, will help Canadian families encourage children's artistic
development.
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Canada, BC, Release Sales Tax Transition Rules
2/21/2012 British Columbia will cease to operate a Harmonised Sales Tax system on April 1, 2013 after transitional proposals were released and relief measures outlined.
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Canada, India Conclude Latest FTA Talks
2/17/2012 Canada and India hope to complete negotiations on a comprehensive economic partnership agreement in 2013, ministers say, as the latest round of trade talks concludes.
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US, Canada Consult on TPP
2/16/2012 It has been disclosed by the Office of the United States Trade Representative
that the United States and Canada have held a senior-level bilateral consultation
on Canada’s interest in joining the Trans-Pacific Partnership negotiations.
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Canada, Costa Rica Hold Talks To Improve FTA
2/14/2012 Canada and Costa Rica have concluded a second round of talks on the improvement of their existing free trade agreement.
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Canada, China Conclude FIPA Negotiations
2/13/2012 Canadian Prime Minister Stephen Harper has announced the conclusion of negotiations toward a Foreign Investment Promotion and Protection Agreement between Canada and China.
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Canada, China Agree To Update DTA
2/13/2012 Canada's Prime Minister has welcomed an agreement in principle negotiated with
China that would update the two countries' existing Double Tax Agreement with
the stated aim of reducing tax barriers and encouraging bilateral economic trade
and investment.
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Canadian Financial System Doing Well, FSB Says
2/7/2012 The Financial Stability Board has praised the Canadian government's response to the global financial crisis and highlighted the resilience of the country’s financial system.
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UK, Canada Open Patent Prosecution Highway
2/6/2012 The UK and Canada have launched a two-year pilot scheme designed to speed up the process of patent applications.
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Income Tax Receipts Bolster Canadian Coffers
2/2/2012 While Canadian tax revenues fell by 0.2% in November, 2011, receipts were up 3.9% for the first eight months of the 2011–12 fiscal year, new figures have shown.
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Minister Promotes New Canadian Pension Vehicle
2/2/2012 The introduction of Pooled Registered Pension Plans will bridge gaps in Canada’s retirement income system, the Minister in charge has said.
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Canada A Top Investment Destination, Say Ministers
1/31/2012 Canada's ministers have been promoting the country's competitiveness and pro-trade plan at the World Economic Forum.
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Canada Highlights Firefighter Tax Credit
1/30/2012 Canada's Revenue Minister has been promoting a new non-refundable tax credit for volunteer firefighters which will help reduce income tax bills by nearly CAD500.
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More Pre-Budget Consultations For Canadian Businesses
1/27/2012 Canadian government ministers have continued to hold pre-Budget consultations, engaging with representatives of small and medium-sized businesses and the information and communications technologies sector.
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Canada Secures Greater Access To Philippine Market
1/26/2012 The Canadian government has secured live ruminant market access to the Philippines, a deal which will benefit cattle, sheep and goat producers.
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Canada, US Sign New Lumber Agreement
1/25/2012 The Canadian government has signed a new agreement securing access to the US market for softwood lumber until 2015, which it is hoped will bring stability and predictability to the industry.
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Panel Reports On Canadian Red Tape Reduction
1/24/2012 Canada's Red Tape Reduction Commission has released its Recommendations Report, which examined ways to spur job creation and economic growth through the elimination of unnecessary red tape.
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EU Challenges Ontario's Green Energy Act
1/20/2012 The European Union has requested the creation of a dispute settlement panel by
the World Trade Organisation to examine Ontario's concessionary treatment
of providers of green energy products and services
that meet local content requirements under the Canadian province's Green
Energy Act.
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Canadian Revenue Highlights Arts Tax Credit
1/19/2012 Canada's Revenue Minister has been highlighting the benefits of a new tax credit for parents, designed to promote the involvement of children in the arts.
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BC Government Appoints Tax Panel
1/17/2012 The British Columbian government has appointed an Expert Panel on Tax to provide recommendations on business tax competitiveness and improvements to sales tax administration.
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Canada Releases Tax Expenditures Report
1/16/2012 The Canadian Department of Finance has released its 2011 Tax Expenditures and Evaluations report detailing the revenue impacts of federal tax measures.
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Canada, BC Agree Terms Of HST Repayment
1/13/2012 British Columbia has finally agreed a repayment schedule for the federally-backed funding the province received for its failed transition to a harmonised sales tax regime.
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Canada Holds Latest Pre-Budget Consultations
1/12/2012 Canadian Finance Minister Jim Flaherty has re-iterated that the government intends to focus on jobs and growth in its upcoming Budget.
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WTO Extends Deadline In Labelling Dispute
1/11/2012 Canada, Mexico and the US's joint request was granted at the meeting of the Dispute Settlement
Body, to extend, until March 23, 2012, the deadline for the adoption or appeal of
the panel reports in the case regarding country of origin labelling requirements.
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Canada, Brazil Strengthen Trade Ties
1/9/2012 The Canadian government has appointed six business leaders to take part in the new Canada-Brazil CEO Forum, which is designed to foster bilateral trade and investment.
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US Confirms TPP Not Aimed Against China
1/9/2012 At the Center for Strategic and International Studies in Washington to launch
a speaker series entitled the "Trans-Pacific Partnership: Recovery
through Growth in Asia and the Next Generation of Regional Trade Agreements",
the Deputy National Security Adviser Michael Froman said that the proposed extension to the TPP is not directly aimed against the interests of China.
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Chinese Airlines Boycott EU Carbon Tax
1/6/2012 The association that represents Chinese airlines, including Air China, China Southern Airlines,
China Eastern Airlines and Hainan Airlines, has said its members will not abide
by the European Union Emissions Trading Scheme, which on January
1, 2012, was extended to international airlines that use European airports.
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Make Golf Tax-Deductible, Canadian Campaigners Say
1/5/2012 The Canadian golf industry is unfairly treated by the country's tax law, a group of campaigners has said, calling for game expenses to be deductible if business-related.
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BC Amends Homeowner Grant Scheme
1/4/2012 In an effort to accommodate rising property values, the Canadian province of British Columbia has increased the threshold for the homeowners' grant, a scheme which helps the province's residents with property taxes.
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Canada Highlights Tax-Free Savings Accounts
1/5/2012 Canadian Minister of Finance Jim Flaherty and Gail Shea, Minister of National Revenue, have highlighted that, as of January 1, 2012, Canadians will have a new CAD5,000 of room to invest in their Tax-Free Savings Account (TFSA).
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Flaherty Sets Out 2012 Canadian Tax Reliefs
1/4/2012 Jim Flaherty, Canadian Finance Minister, in a speech on December 29, 2011, highlighted tax reliefs coming into effect in 2012.
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Latest Canadian Automobile Deduction Limits Announced
1/2/2012 The Canadian government has released its automobile expense deduction limits and the prescribed rates for the automobile operating expense benefit that will apply in 2012.
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Canadian Government Commended For Tax Court Proposals
1/2/2012 Plans to overhaul the running of Canada's Tax Court have been endorsed by the Tax Executives Institute but they could be improved, the association has said.
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Canada Examines Its FTZ Policies
12/30/2011 Canada is to consult on its foreign trade zone-like policies and programmes in an effort to ensure their international competitiveness.
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New Year Tax Misery In Canada
1/2/2012 There will be winners and losers when the new year brings in major payroll and pension tax changes in Canada, the Canadian Taxpayers Federation has said.
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Canada Clarifies Separation Of Banking And Insurance Activities
12/29/2011 Canadian Finance Minister, Jim Flaherty, announced recently that the Harper Government
will introduce legislation to prevent banks from offering financial products that
function like life annuities.
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Canada Notes Significant Progress On Free Trade In 2011
12/28/2011 The Canadian government has noted the conclusion of a productive third round of
negotiations with India towards a free trade agreement, in talks in Delhi and
at the Eighth Ministerial Conference of the World Trade Organisation, rounding off a hugely sucessful year for Canada in its quest to achieve freer trade links with its trading partners.
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Canadian Budget Deficit Shrinking
12/29/2011 The Canadian monthly budgetary deficit has fallen markedly year-on-year, to CAD2.2bn (USD2.15bn) in October,
down from CAD4.1bn reported during the same month a year earlier, according to the latest Fiscal Monitor published
by the Canadian Ministry of Finance.
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Manx Tax Agreements Enter Into Force
12/29/2011 The Isle of Man government has noted the entry into force of two bilateral tax agreements,
signed with Canada and France.
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Switzerland, Canada DTA Amendments In Force
12/23/2011 Switzerland’s Federal Department of Finance has announced that
the Protocol of Amendment of October 22, 2010, to the double taxation agreement
between Switzerland and Canada has now entered into force.
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US, Canada, Mexico Reaffirm Antitrust Cooperation
12/23/2011 The heads of the antitrust agencies of the United States, Canada and Mexico met
recently in Mexico to reaffirm their commitment to effective enforcement cooperation.
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New HST Deal On The Cards For BC
12/21/2011 British Columbia may get a better deal on repaying its harmonized sales tax loans as ministers discuss extending the time limit by which the province has to return the funds.
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Canadian Budget Measures Enacted
12/20/2011 Canadian Finance Minister Jim Flaherty has announced that several tax measures announced as part of the 2011 Budget in June have received Royal Assent.
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Canadian Corporate Tax Filing Rules Amended
12/19/2011 Canada's corporate partnership tax deferral rules are to be amended to extend the time available to companies to file an alignment election.
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Progress Made In Canada, India FTA Talks
12/16/2011 A third round of talks towards a free trade agreement between Canada and India have taken place, with a view to tripling bilateral trade within the next four years.
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Canada Consults On New Pension Law
12/16/2011 The Canadian government has released for consultation a package of draft legislative proposals to bring in a new pension vehicle.
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Budget Watchdog Questions Canadian Deficit Figures
12/15/2011 The Canadian government's budget estimates have differed from those of its fiscal watchdog by CAD10bn (USD9.6bn) over four years, according to a new report which calls for greater transparency in these projections.
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Fast Promotes Canada Trade And Tax Benefits In Germany
12/13/2011 Canada's International Trade Minister has been promoting his country's impending free trade agreement with the European Union by stressing that it will create more jobs and prosperity on both sides of the Atlantic.
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IRS Clarifies FBAR For US Citizens Abroad
12/12/2011 Following the recent disclosure by the American Embassy in Ottawa that an easing
of reporting rules would shortly be announced for United States
citizens living in Canada, the Internal Revenue Service has issued a fact
sheet summarizing information about federal income tax returns and Foreign Bank
Account Report filing requirements, and the potential penalties.
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Canada Launches Pre-Budget Consultation Process
12/5/2011 Canadian Finance Minister Jim Flaherty has launched the first round of Canada's pre-Budget consultations, setting out his priorities for job creation and economic growth.
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IRS To Ease FBAR Rules For Americans In Canada
12/6/2011 It has been disclosed by the American Embassy in Ottawa that the United States
Internal Revenue Service will shortly announce an easing of its foreign
account reporting rules for US citizens living in Canada.
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Canadian SMEs To Benefit From EU FTA
12/2/2011 A free trade agreement with the European Union will create jobs and economic growth for all regions of Canada, the minister in charge has said, welcoming a report from small and medium-sized enterprises endorsing the negotiations.
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Canada A Good Place To Invest, Flaherty Tells US
12/5/2011 Canada's economic, fiscal and financial strengths are helping to increase business investment in the country, Finance Minister Jim Flaherty has said.
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Canada Focussed On 'Jobs And Growth'
12/2/2011 The Canadian government will not stray from its current economic plan, Finance Minister Jim Flaherty has said, pledging that the next federal Budget will remain focused on jobs and growth.
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Singapore, Canada Sign TIE Protocol
12/1/2011 A protocol to the existing double taxation agreement between Singapore and
Canada was signed on November 29, 2011, and will enter into force after the completion
of ratification procedures by both countries.
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