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Submissions & presentations 

Advocacy in action

CALU envisions a Canada where all people in all communities have financial security. Our advocacy efforts leverage the financial expertise of our members and share that knowledge openly with government in support of informed public policy. Here are some examples of our advocacy in action.

Income Tax Act, section 84.1

CALU was a determined advocate for a change to section 84.1 of the Income Tax Act, an anti-avoidance rule that created unfair tax penalties for business owners who chose to sell their business to a family member rather than an arm’s-length buyer. Over the years, CALU made multiple submissions to the federal government and had countless meetings with MPs and senators seeking a change to rules that undermined the futures of many small businesses and their owners.

As part of its advocacy, CALU actively supported the adoption of Bill C-208, a private member’s bill introduced in 2020, that sought to permit the transfer of shares in a private corporation to a child or grandchild of the business owner on similar tax basis as with arm’s-length sales. CALU appeared before the House of Commons Standing Committee on Finance to speak in support of the Bill (view the recording).  Through the efforts of CALU and other organizations, Bill C-208 passed Royal Assent and became law on June 29, 2021.

Submissions to government

The following are examples of advocacy activities undertaken by CALU to inform and engage with policy makers.

Pre-budget consultations in advance of the 2022 federal budget - August 2021
CALU submission to the House of Commons Standing Committee on Finance with recommendations based on our public policy priorities.

Submission on draft legislation governing ELHTs - May 2021 
CALU’s input to the Department of Finance (“Finance Canada”) on the draft legislative proposal released on November 27, 2020 governing Employee Life and Health Trusts (“ELHTs”).

Response to Impact of Calmusky Decision on Estate Planning - September 2020
A joint submission from Advocis, The Financial Advisors Association of Canada, and CALU to the Ministry of Finance outlining concerns about the potential impact of the recent Ontario court decision in Calmusky v. Calmusky on the estate plans of many Ontarians.

Pre-Budget Consultations in Advance of the 2021 Federal Budget - August 2020
CALU recommendations on the measures the federal government could take to restart the Canadian economy as it recovers from the COVID-19 pandemic and to enhance the social safety net and tax equity among Canadians.

Response to COVID-19 Pandemic Minimum Withdrawal Rate for Registered Retirement Income Funds - March 2020
A joint submission from Advocis, The Financial Advisors Association of Canada, and CALU with feedback and recommendations to the Department of Finance Canada regarding the proposed reduction in the minimum withdrawal rate for Registered Retirement Income Funds (RRIFs).

Response to Exempting Certain IPPs from the Ontario Pension Benefits Act - January 2020
A response from CALU to the Ontario government’s consultation on a proposal to exempt certain individual pension plans (IPPs) and designated plans (DPs) from the Pension Benefits Act (PBA).

HWTs Questions Relating to Transitioning and HWT to an EBB - August 2019
CALU’s input to the Department of Finance (“Finance Canada”) on the draft legislative proposals released on May 27, 2019, that are designed to facilitate the conversion of Health and Welfare Trusts (“HWTs”) to Employee Life and Health Trusts (“ELHTs”) (the “legislative proposals”).

Pre-Budget Consultations in Advance of the 2020 Federal Budget - July 2019
A brief developed by CALU and presented to the House of Commons Standing Committee on Finance outlining considerations to preserve and grow the wealth of families and ensure the success of their businesses.

Response to the Registered Pension Plan Annuity Contracts Newsletter - February 2019
CALU’s input to the Canada Revenue Agency (CRA) Registered Plans Directorate (RPD) consultation process for its draft newsletter “Registered Pension Plan (RPP) Annuity Contracts under section 147.4 of the Income Tax Act” (the “Newsletter”).

Pre-Budget Consultation in Advance of the 2020 Federal Budget Re: Family Business Legacy Planning - January 2019
CALU’s input to the Government of Canada regarding their plans to “work with family businesses, including farming and fishing businesses, to make it more efficient, or less difficult, to hand down their businesses to the next generation.”, and to work with “business owners to develop proposals to better accommodate intergenerational transfers of businesses while protecting the fairness of the tax system.”