August 27, 2010 Consultation Draft – Proposed Section 237.3 (Reporting for Tax Avoidance Transactions)

In our submission to the Department of Finance on the proposed disclosure rules for certain avoidance transactions, PwC concludes that more guidance is needed in defining certain parameters and the proposed coming-into-force rules can have adverse consequences for taxpayers and advisors and the Canada Revenue Agency. In another submission, PwC comments on certain aspects of the proposed changes to withholding with respect to employee stock options.

For more details, read our letter to the Department of Finance below.

PwC Finance Submission Disclosure Rule (400 KB) Download the full submission.

PwC Finance Submission Withholding of Income Tax (175 KB) Download the full submission.