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Title
TEI Comments on Proposed Canadian Legislation.
Abstract
The article focuses on the response of the Tax Executives Institute (TEI) Inc. to the legislation proposed by the Canadian Department of Finance on December 6, 2010 which amends the Income Tax Act to implement tax measures form the 2010 budget. It mentions that TEI argues that the proposal must be narrowed to avoid impairing of ordinary commercial transactions. It says that TEI also offered recommendations to improved the draft for non-resident trusts (NRT) rules.