Changes Announced To GST Rules For Financial Institutions And Pension Plan Expenses.

Extract


Changes Announced To GST Rules For Financial Institutions And Pension Plan Expenses.

Background

On September 23, 2009, the Department of Finance released proposed legislation, draft regulations and explanatory notes relating to changes to the goods and services tax ("GST") levied under the Excise Tax Act (the "ETA"). Essentially, the GST changes relate to previously announced measures affecting GST accounting and reporting by financial institutions ("FIs") and th...

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