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2019 Pre-budget Submission

August 14, 2018 – As part of the consultations leading up to Budget 2019, CALU made a submission to the House of Commons Standing Committee on Finance. CALU’s recommendations focused on three main themes: long-term care support for Canadians, pharmacare and the taxation of private corporations. To view a copy of the submission please click here.

Latest infoEXCHANGE Now Available

August 2, 2018 – Please click here to access the latest edition of infoEXCHANGE, which includes a message from Chair Marty McConnell and an article from Maureen Berry about the pros and cons of alter ego trusts.

Mark Your Calendar

August 2, 2018 – The dates for the 2018 regional meetings have been announced. Click here for more details.

CALU Makes Submission to Finance on HWTs

June 29, 2018 - CALU made a submission to Finance Minister Bill Morneau relating to the 2018 Federal Budget proposals which will require Health and Welfare Trusts (HWTs) to be wound-up or converted to Employee Life and Health Trusts (ELHTs) by the end of 2020. CALU also sent a copy of its 2010 submission to Finance Canada relating to HWTs and the proposed ELHT rules which were introduced in 2010, which is referenced in CALU's current submission. Please click here for more information and to access copies of the submissions.

Latest CALU Report Now available

June 19, 2018 - The June 2018 edition of CALU Report, which includes the CRA's official responses to the questions asked at the CALU 2018 CRA-Finance Roundtable, is now available. Please click here for more details.


Presentations from the 2018 AGM have now been posted to the member-only side of the website and can be accessed by clicking here.

Tax Changes to Private Corporations

Update: Coalition for Small Business Tax Fairness

May 28, 2018 – The Coalition for Small Business Tax Fairness (the "Coalition") has issued a news release (French available here) entitled "Time running out as tax changes loom." The Coalition suggests that the federal government's new passive investment rules threaten to penalize small business. The Coalition also sent a letter on May 25, 2018 (French available here), to Finance Minister Bill Morneau with suggested approaches on how to protect past passive investments.

The Coalition will be sending similar letters to the provinces and a sample letter is available here (French available here). Click here for more information about the Coalition.

CALU Makes Submission re Bill C-74

May 17, 2018 – CALU made a submission to the Senate Standing Committee on National Finance ("Senate Finance Committee") commenting on certain legislative proposals contained in Bill C-74, Budget Implementation Act 2018, No. 1 ("Bill C-74"). In particular, CALU commented on the tax on split income (TOSI) rules and the legislation that will limit access to the small business deduction (SBD) where passive investment income within a Canadian-Controlled Private Corporation (CCPC) exceeds $50,000 in a year (the "passive investment rules"). Please click here for more details.

Webinar on TOSI and Passive Investment Rules – Replay Available

April 10, 2018 – Today CALU held a webinar to provide CALU members with the most up-to-date information relating to the Tax on Split Income (TOSI) rules and passive investment changes as well as related planning opportunities. Please click here for more details and to access a replay of the webinar.