On January 20, TEI submitted comments to the Canada Revenue Agency (CRA) regarding its administration of a potential increase in the Canadian capital gains inclusion rate.
TEI noted the inappropriateness of CRA administering the increase as if it has been enacted into law when it has not, as well as the complications and financial burdens imposed on taxpayers.
TEI’s comments were prepared under the aegis of its Canadian Income Tax Committee. Benjamin Shreck, TEI tax counsel, coordinated the preparation of TEI’s comments.
