Publications

In Print: Indirect Tax and Customs Issues of (Re)structuring a Supply Chain
PwC’s Eric Paton analyzes the customs and indirect tax implications on an organization’s supply chain. Read his paper to learn the negative impact and options businesses should consider.

Year-End Tax Planner: 2009 — for Individuals and Owner-Managed Businesses
This Year-End Tax Planner is designed primarily for individuals who have accumulated some wealth or who own their own businesses (large or small). It is current to October 29, 2009

Wealth and Tax Matters
PwC’s Wealth and Tax Matters focuses on ideas for increasing and preserving your hard-earned dollars, because it’s not what you make that really matters in the end, it’s what you keep.

Entertainment and Media Tax Clip: Ontario enhances its Interactive Digital Media Tax Credit for large game developers (October 23, 2009)
Ontario's 2009 Economic Outlook and Fiscal Review enhanced the 35% Ontario Interactive Digital Media Tax Credit for large game developers, retroactive to March 27, 2009.

In Print: Property Leasing into Canada: How to Open a Closed Market
This article reviews the basic income tax concepts relating to cross-border leases of tangible personal property and the Canadian rules that apply to non-resident lessors.

Tax Memo: Revised Quebec Aggressive Tax Planning Proposals
As of October 15, 2009, new measures released by the ministère des Finances will affect entities that are taxable in Quebec. This Tax Memo summarizes the disclosure requirements.

Tax Memo - Professional Corporations – An Attractive Option
This PwC Tax Memo summarizes key issues professionals face when considering incorporation.

Human Resource Services webcast: Revisiting Equity Compensation Strategies in Volatile Times
Learn strategies to reevaluate and restructure your business equity plans by listening to PwC's Human Resources Services group's webcast Revisiting Equity Compensation Strategies in Volatile Times.

Tax Memo: HST Transitional Rules for Ontario and British Columbia Released
Read our Tax Memo to learn how the transitional rules will affect the application of the HST on the sale of goods, services and other areas in Ontario and BC.

Tax Memo - 1% Taxable Benefit Rate: Action Required Before January 1, 2010
The federal interest rate for taxable benefits is 1% until December 31, 2009. Read this PwC Canada Tax Memo to learn different ways to lock in this rate.

Commodity Clips, 2009 Issue 5
This issue of PwC’s Commodity Clips discusses the effect of harmonization on the financial sector and tax developments across Canada, in Mexico and the European Union.

Entertainment and Media Tax Clip: Ontario enhances Production Services Tax Credit — Additional details released (September 17, 2009)
Ontario released additional details on its proposal to enhance the Ontario Production Services Tax Credit by expanding the types of expenditures that qualify for the 25% credit.

Canadian Mining Taxation – 2009
This guide summarizes the main features of the Canadian income and mining tax systems. It also provides an overview of Canada’s system for taxation of foreign mining projects.

Comments regarding draft Forms NR301, NR302 and NR303 (September 29, 2009)
Read PwC’s response to the CRA’s new declaration process to support administration of withholding tax requirements in Part XIII of the Income Tax Act.

Tax Memo - Customs Update: Unilateral Duty Reductions and Audit Targets
The Canadian government has announced its intention to unilaterally remove the customs duty on a wide range of imported products.

Tax Memo: GST Rebate for Registered Pension Plan Trusts
The Department of Finance’s new GST rebate for pension entities includes changes significantly different from 2007 proposal. Read this PwC Tax Memo to learn more.

Tax Memo: GST and the Financial Services Sector – Updated Draft Legislation Released
Jim Flaherty released updated draft legislation on proposed changes to application of the GST to financial institutions. PwC discusses the draft’s features and differences from previous proposals.

Transcript: Tax Tracks – A PwC Tax Services Podcast Series -- Episode 6
Investing in your tax function’s technology can add value to your business. Read this Tax Tracks podcast transcript of the series’ episode: Making Technology Investments for the Tax Function.

Developments: Scientific Research and Experimental Development (SR&ED): Enhancing Global Competiveness
Many countries are enhancing their R&D programs and moving to catch up with Canada’s SR&ED program. To stay competitive, Canada must continue to improve and adapt to changing economic conditions.

Sales Tax Harmonization (Ontario & BC) and You: What to Consider over the Next 10 Months
With harmonization coming to Ontario and BC, how should you prepare? PwC suggests establishing a steering committee to monitor developments and review contracts, purchases and major transactions.

Considering Your International Tax Structuring in Light of New Economic Circumstances
PwC can help Canadian companies with international operations and tax structuring review their tax structures in light of the economic downturn and weakening Canadian dollar.

Restructuring Equity-based Compensation to Reduce Cash Outlays for Companies and Retain Executives
With traditional compensation plans losing their appeal in the current economic landscape, PwC’s professionals can help restructure an arrangement that reduces net compensation expenses while continuing to incentivize executives.

Substantial EU VAT Changes Impact Canadian Companies Doing Business in Europe/UK
New European VAT regulations starting on January 1, 2010, will profoundly affect Canadian companies and local affiliates doing business in Europe. PwC can help you prepare and avoid compliance penalties.

Canada Signs its First Tax Information Exchange Agreement (TIEA)
In August 2009, Canada signed a Tax Information Exchange Agreement (TIEA) with the Kingdom of the Netherlands, the first TIEA signed by Canada. Get PwC’s analysis of the agreement.

British Columbia Budget Update – September 1, 2009: Tax Highlights
On Tuesday, September 1, 2009, BC’s Minister of Finance, the Honourable Colin Hansen, introduced the province’s September Budget Update 2009. Read PwC Canada's analysis.

The Big Table of Film and Video Incentives in Canada
Canada has numerous tax incentives for companies that develop digital content, including video games. For help navigating these incentives, read PwC’s Big Table publications.

Insurance Industry: Key Dates and Other Essentials (2009-2010)
The most recent issue of Insurance Industry: Key Dates and Other Essentials spotlights important events and dates pertaining to the insurance industry.

Transcript: Tax Tracks – A PwC Tax Services Podcast Series -- Episode 5
Read this PwC Tax Tracks podcast transcript of the series fifth episode: Canadian Export Controls: What They Are and Why You Need to know About Them.

Entertainment and Media Tax Clip: New Brunswick's Film Tax Credit extended to 2009 (August 20, 2009)
Bill 15 extends New Brunswick’s Film Tax Credit to eligible salaries incurred in the province in 2009.

Entertainment and Media Tax Clip: Ontario enhances its Computer Animation and Special Effects Tax Credit (August 20, 2009)
Get PwC’s perspective on the 2009 Ontario budget’s proposed enhancements to the Ontario Computer Animation and Special Effects Tax Credit (OCASE) refundable tax credit.

Entertainment and Media Tax Clip: Ontario enhances its Interactive Digital Media Tax Credit (August 20, 2009)
PwC comments on the 2009 Ontario budget’s proposed enhancements to the Ontario Interactive Digital Media Tax Credit (OIDMTC).

Entertainment and Media Tax Clip: Yukon revises the Yukon Film Location Incentive program
A revised Yukon Spend Rebate is available to production companies that employ Yukon labour.

In Print: International Financial Reporting Standards: Tax and Reporting Implications of the New Canadian GAAP
This PwC In Print article examines the tax implications of transitioning from Canadian GAAP to IFRS.

In Print: The Foreign Affiliate Fresh Start Rules
This PwC In Print article discusses the policy behind the foreign affiliate fresh start rules and proposed amendments to the rules.

In Print: Enhancing Canada’s International Tax Advantage
This In Print issue features a speech by PwC’s Canadian National Tax Services leader Nick Pantaleo at the Canadian Tax Foundation’s May 2009 Prairie Provinces Tax Conference.

Commodity Clips, 2009 Issue 4
This issue covers the following: sales tax harmonization, social service tax, retail sales tax, sales tax, customs, European Union VAT.

Tax Memo: British Columbia Sales Tax Harmonization
BC's minister of finance announced the province will harmonize its sales tax system on July 1, 2010. This PwC Tax Memo analyzes the impact of the announcement on your business.

Entertainment and Media Tax Clip: Quebec enhances Production Services Tax Credit (July 23, 2009)
Enhancements to Quebec’s Production Services Tax Credit now apply to qualifying production costs, not just qualifying labour. However, the qualified production categories have been restricted.

2009 Canadian Energy Survey: Performance under Pressure
For this year’s survey, PricewaterhouseCoopers partnered with JuneWarren-Nickle’s Energy Group to gauge the current sentiment of Canada’s oil and gas industry and to understand the key drivers impacting the sector.

Tax Memo: Not Just Another Accounting Exercise: Managing Change for the Tax Function
While IFRS gives companies with a chance to improve their tax functions, there are tax-related challenges they must consider. This Tax Memo offers ideas within PwC’s Tax Function Effectiveness framework.

Entertainment and Media Tax Clip: Ontario enhances Production Services Tax Credit (July 3, 2009)
Ontario wants to enhance the Ontario Production Services Tax Credit by expanding the types of expenditures that qualify for the 25% credit.

In Print: Ontario PST Harmonization
This article discusses the characteristics of the proposed Ontario Value-Added Tax (VAT).

beyondBorders™, Transfer Pricing Edition – June 2009
This PwC beyondBorders issue highlights the long-awaited decision of the first UK tax court case to deal directly with the application of the arm’s length principle.

In Print: Ontario to Harmonize their Sales Tax with the GST
Learn how Ontario's harmonized tax system will impact the information technology (IT) sector.

Tax Memo: Application of Ontario's Single Sales Tax to New Homes
A new Ontario bulletin confirms province's 2009 budget announcement concerning a new single sales tax launch on July 1, 2010. The bulletin introduces rebates, transitional rules and disclosure requirements.

In Print: A Confluence of Uncertainties: The GST and Financial Services
This PwC publication explains the difficulties in determining what intermediary financial services are GST-exempt as opposed to taxable.

Developments: CRA Provides Relief for Claims with More than 20 Projects
This issue of Developments discusses new relief for claims under form T661 of the Scientific Research and Experimental Development (SR&ED) Expenditures Claim.

(Brochure) Tax Function Effectiveness (TFE)
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(Brochure) Tax Management and Accounting Services
The following brochure provides details about our Tax Management and Accounting Services, which include tax function effectiveness, tax accounting services, and global compliance services.

SR&ED Tax Clips: 2009 Provincial and territorial R&D tax credits (May 22, 2009)
This PwC SR&ED Tax Clip helps individuals and corporations improve their potential R&D tax incentives with a summary of the 2009 rules for provincial and territorial R&D tax credits.

SR&ED Tax Clips: Federal R&D investment tax credits: 1996 - 2009 (May 22, 2009)
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Commodity Clips, 2009 Issue 3
This Commodity Clips issue covers: GST/HST on hospital admin; SST on school supplies, car dealers; PST on aircrafts; RST for computer services; Temporary Admission Permit requirements; Memorandum D11-4-3 and InsuranceWide.com.

In Print: Goods and Services Tax Reaches a Difficult Age
This PwC In Print issue identifies the GST's successes and failures.

Tax Planning Opportunity Alert: Getting Audit Ready: Major Expansion in T106 Reporting for Financing and Derivative Transactions
The CRA’s revised T106 requirements expand disclosure for financing and derivative transactions. PwC’s transfer pricing specialists can help determine the needed disclosures and whether they can withstand an audit.

Total Tax Contribution 2008
Read PwC’s Total Tax Contribution 2008 report to obtain a clearer picture of how Canada’s complex tax system impacts businesses.

Transcript: Tax Tracks – A PwC Tax Services Podcast Series -- Episode 3
PwC's Tax Tracks podcast episode discusses new or pending tax developments that affect Canadian businesses. Each podcast target key tax issues and shares practical implementation ideas.

Transcript: Tax Tracks – A PwC Tax Services Podcast Series -- Episode 4
Read this PwC Tax Tracks podcast transcript of the series' fourth episode: Going Green Incentives.

In Print: HST and Retail Issues
This PwC 1997 CICA Symposium paper details why tax inclusive pricing remains a risk for "PST provinces" such as Ontario, that will proceed with melding sales taxes with the GST.

Q&A On the PricewaterhouseCoopers Total Tax Contribution Study
To provide further insight into the findings of the TTC study, we sat down for a Q&A with Tom O’Brien, PwC Tax partner and TTC study author and David Stewart-Patterson, Executive Vice President of the CCCE.

Banking Review: Spring 2009
This PwC Banking Review edition discusses concerns about risky clients, managing costs through strategic vendor management, tax implications resulting in various sourcing decisions and valuation control in turbulent times.

Tax Memo: Tax Incentives for Digital Media in Ontario
This PwC Tax Memo provides a brief overview of OIDMTC and chronicles the tax credit program’s key changes.

Tax Planning Opportunity Alert: Using the BC IFC to Create Cash-Tax Savings for Your Business
PwC's professionals suggest careful planning using BC's special tax regime can uncover significant permanent tax savings.

In Print: Navigating the New Bilateral Limitation-on-Benefits Rule
This PwC In Print issue discusses the new limitation-on-benefits article and how the significant policy change may impact Canadian taxpayers.

Tax Planning Opportunity Alert: The Credit Crisis and Cash Management
PwC can help you defer or reduce your tax installments, identify overpayments, access lower tax rates, maximize tax credits, and expedite the tax refund process.

Estate Tax Update: Owning a US Vacation Property: (Revised Edition, April 7, 2009)
A Canadian resident's estate of may be subject to US estate tax on a US vacation home owned by the deceased. Read this PwC Estate Tax Update to learn more.

Estate Tax Update: The Departing Canadian (Revised Edition, April 9, 2009)
This Estate Tax Update issue shows how a Canadian individual who is transferred to the United States may be exposed to U.S. estate, gift, or generation-skipping transfer tax (collectively, “transfer taxes”).

Estate Tax Update: US Estate Tax Exposure for Canadians (Revised Edition, April 13, 2009)
This issue of PwC's Estate Tax Update shares the current potential exposure of Canadians to US estate tax.

Estate Tax Update: US Estate Tax Exposure for US Citizens Living in Canada (Revised Edition, April 8, 2009)
If you are a US citizen living in Canada, you may be subject to Canadian and US tax regimes upon your death. Read PwC's Estate Tax Update to learn more.

Estate Tax Update: US Family Members in the Canadian Family-Owned Business (Revised Edition, April 6, 2009)
PwC’s Estate Tax Update shares situations where standard Canadian planning may actually result in significant additional tax for US citizens or residents.

Tax Memo: 1% Taxable Benefit Rate: Action Required Before July 1, 2009
Read this Tax Memo to learn how the 1% Taxable Benefit Rate can help you.

Commentaries on the Green Paper on "Aggressive Tax Planning"
Read PwC's commentary on the Quebec government’s recently issued Green Paper.

Developments: Contract Payments and their Complexities -- A Refresher
Identifying a contract payment can be difficult and may have a significant effect on a SR&ED claimant’s entitlement. PwC’s Developments discusses the CRA’s contract payment rules.

Commodity Clips, 2009 Issue 2
This issue covers the following: provincial budget highlights, British Columbia budget, Manitoba budget, Ontario budget, Quebec budget.

Tax Memo: Income Trust Conversion Rules Enacted
This PwC Tax Memo describes key changes to the tax rules related to converting an income fund into a taxable Canadian corporation.

Free Trade... But At What Price?
This PwC article explores current free trade issues and shares a case study detailing how Nissan North America addresses the growing complexity of free trade compliance.

2009 Manitoba Budget: Tax Highlights
Manitoba's Minister of Finance, Greg Selinger, delivered the province's 2009 budget on March 25th, 2009. Read PwC's budget analysis.

2009 Ontario Budget
Ontario Finance Minister Dwight Duncan presented the province’s 2009 budget on Tuesday, March 26, 2009. Read PwC's analysis of the budget.

Tax Memo: Ontario Sales Tax Harmonization
Read PwC's industry-specific Tax Memos to learn the impact of the HST on your Ontario-based business and how to plan for transition.

Entertainment and Media Tax Clip: British Columbia eliminates expiry dates for film tax credits (March 24, 2009)
This PwC publication discusses BC budget measures that enhance the Film Incentive BC Tax Credit and the BC Production Services Tax Credit and their impact on the entertainment sector.

Tax Memo: Ontario Budget 2009
This Tax Memo features Ontario's 2009 budget, presented by the province's Minister of Finance, Dwight Duncan, on March 26, 2009.

2009 Saskatchewan Budget: Highlights -- PricewaterhouseCoopers Canada
On Wednesday, March 18, 2009, Saskatchewan's Minister of Finance, Rod Gantefoer, presented the province's 2009 budget. PwC's budget analysis discusses the province's tax changes.

2009 Québec Budget: Full commentary -- PricewaterhouseCoopers Canada
The recession has now hit the Québec economy and the government intends to continue to fully play its role in order to limit the adverse effects of the crisis and facilitate recovery. Read PwC's full commentary on the province's 2009-2010 budget.

Tax Memo: 2009 Quebec Budget
The recession has now hit the Québec economy. Read PwC's analysis of the province's 2009–10 budget.

Quebec Budget 2009: Tax Highlights
This document contains the highlights of tax measures included in the 2009 Budget of the Government of Québec, delivered March 26, 2009, by Minister of Finance Monique Jérôme-Forget.

Tax Memo: 2009 Saskatchewan Budget Highlights
This PwC Tax Memo discusses the changes announced in the Saskatchewan 2009 budget on Wednesday March 19, 2009.

Tax Memo: The FCA Decision in Prévost Car Inc.
This Tax Memo discusses the FCA Decision in Prévost Car Inc.

Tax Planning Opportunity Alert: Forewarned, Forearmed: Tougher Tax Authority Assessing Practices
Add balance to your dealings with CRA during these tough times and tougher assessing practices.

Entertainment and Media Tax Clip: Ontario proposes to make enhanced film and television tax credits permanent (March 5, 2009)
The Ontario Film and Television Tax Credit is available to Ontario-based Canadian-controlled corporations that produce film and television productions in Ontario. It is a refundable tax credit that equals 35% of qualified Ontario labour.

beyondBorders™, February 2009 -- Transfer Pricing Issue
This beyondBorders issue reviews panel discussion results on the Mutual Agreement Program; the 2008 annual report on the Advance Pricing Arrangement program; Accelerated Competent Authority procedure guidance and T106.

Entertainment and Media Tax Clip: Saskatchewan Film Employment Tax Credit enhanced and refined (February 25, 2009)
The Saskatchewan Film Employment Tax Credit will extend its deeming provision to December 31, 2011; update positions that qualify for the additional key bonus credit, and ensure the final SFETC application includes employment statistics for each production.

Our Tax Planning Opportunity Alerts
PwC's Tax Planning Opportunity Alerts provide ways to help you conserve working capital by reducing or recovering your cash taxes.

2009 British Columbia Budget -- PricewaterhouseCoopers Canada
B.C.'s Minister of Finance Colin Hansen tabled the province's budget on Tuesday February 17, 2009. Read PricewaterhouseCoopers Canada's analysis.

Tax Memo: 2009 British Columbia Budget: Tax Highlights
This PwC Tax Memo shares our analysis of the 2009 B.C. budget.

Tax Planning Opportunity Alert: Bringing Tax to the Forefront in Business Outsourcing Arrangements
During tough economic times, companies target outsourcing to control or cut costs. However, PwC reminds businesses to not forget about tax because it can make or break a value proposition.

Tax Planning Opportunity Alert: Recovering Sales Taxes in a Turbulent Economy
According to PwC’s seasoned professionals, companies looking for opportunities to generate cash and realize cost savings should examine their everyday transactions to recover sales taxes.

Tax Planning Opportunity Alert: Recovering your Commercial Property Taxes on Changes in Use of a Business Property
Our PwC professionals suggest monitoring your commercial property taxes can benefit you during the economic downturn.

Tax Memo: Quebec Proposals on Aggressive Tax Planning
This Tax Memo summarizes Quebec’s Ministry of Finance’s January 30th, 2009 proposals on aggressive tax planning.

Entertainment and Media Tax Clip: British Columbia extends film tax credit to all Canadian-controlled corporations (January 30, 2009)
For productions with principal photography beginning after December 31, 2008, the Film Incentive B.C. Tax Credit will be available to all Canadian-controlled corporations; not just to B.C.-controlled Canadian corporations.

In Print: New Section 261: The Tax Calculating Currency Rules
This PwC article shares how the new calculating currency rules in section 261 of the Income Tax Act may benefit taxpayers

Tax Memo: 2009 Annual Tax Filing and Remittance Deadlines for Corporations
This PwC Tax Memo lists the 2009 tax filing and remittance deadlines for Canadian businesses.

Commodity Clips, 2009 Issue 1
This issue covers the following: GST, HST , first nations goods and services tax, provincial sales tax, used vehicles, European Union, VAT, PST.

2009 Federal Budget: Highlights -- PricewaterhouseCoopers Canada
Read PricewaterhouseCoopers Canada's highlights from the 2009 federal budget. Canada's Minister of Finance, Jim Flaherty, tabled the budget on Tuesday January 27, 2009.

Tax Memo: 2009 Federal Budget
This PwC Canada Tax Memo discusses the 2009 federal budget. Canada's Minister of Finance, Jim Flaherty, unveiled the budget on Tuesday January 27th, 2009.

2009 Federal Budget: Full commentary
Jim Flaherty, Minister of Finance, tabled Canada's 2009-2010 Federal budget on January 27, 2009.

2009 Pre-Federal Budget Submission
As the federal government prepares for the January 27, 2009 budget, PwC and Wilson and Partners LLP submitted tax proposals for the Minister of Finance’s consideration.

Tax Memo: New Supreme Court Ruling on GAAR — Reflections on the Lipson Case
Read this Tax Memo for PwC’s analysis of the Supreme Court Ruling on GAAR.

Tax Memo: Important Supreme Court Ruling on GAAR — Highlights
This Tax Memo provides an overview of the decision in Jordan B. Lipson, Earl Lipson v. The Queen case.

Tax Memo: Functional Currency Tax Reporting
This Tax Memo discusses changes to section 261 of the Income Tax Act.

IFRS: Managing Change for the Tax Function
The tax function will not be immune from International Financial Reporting Standards. IFRS may impact how a company measures and reports pre-tax income which is the foundation for tax computations.

Tax Memo: Tax-Free Savings Account
This Tax Memo discusses the Tax-Free Savings Account, its rules and how it can benefit you.

Tax Memo: Enhancing Canada’s International Tax Advantage
Read this summary of the Advisory Panel on Canada’s System of International Taxation recommendations for improving Canada’s international tax system and PricewaterhouseCoopers’ commentary.

Tax Memo: Ontario Property Tax Alert
Learn how the new Ontario property tax assessments may affect you and how to get started with your property assessment appeal.

Tax Memo: Canada-US Income Tax Treaty
On December 15, 2008, the fifth Protocol (the Protocol) to the Canada-US Income Tax Convention entered into force when Canada and the US notified each other that their respective applicable procedures have been satisfied.

In Print: Canadian Export Controls
This PwC Canada paper provides an overview of Canada’s export controls program.

Observations and Issues in respect of Section 261 – Rules Relating to Functional Currency Reporting
In this November 28, 2008 submission, PwC comments on and requests certain modifications to the proposed amendments to section 261 of the Income Tax Act.

Developments: SR&ED Planning for Ontario Corporate Tax Harmonization
This Developments issue highlights the key and opportunities issues facing SR&ED claimants after the harmonization of the Ontario and federal corporate tax systems.

Ontario Corporate Tax Harmonization for Insurance Companies
This Tax Memo addresses Ontario corporate tax harmonization issues that affect insurance companies.

Reaching out: Charitable Giving Guide for Donors
Read PwC’s overview of the income tax incentives available to Canadian residents who make charitable donations.

Energy News: Alberta’s New Royalty Framework
Alberta companies will have a one-time option to elect either the new Transitional Option or enter into the new Royalty Framework for new wells that are drilled.

Commodity Clips, November/December 2008
This issue covers the following: GST, HST, Refunds of Overpayments of Tax, Manufactured Homes for Residential Use, Bona Fide Farmers and Commercial Fishers, Exemption for Indians and Indian Bands, Sales and Leases of Portable Buildings, Manufacturers, Oil and Gas Industry.

Comments and requested modifications to Proposed Section 261 – Rules relating to Functional Currency Reporting
In this December 14, 2007 submission, PricewaterhouseCoopers LLP comments on and requests modifications to the proposed rules in section 261 of the Income Tax Act.

In Print: GST and Pension Funds -- The Hole Story
This award-winning In Print issue discusses the impact of the GST on pension funds for organizations in the private and public sector.

Observations and Issues in respect of Section 18.2 Expanded rules relating to interest deductibility –Tracing in the Inter-affiliate loan context
In this April 21, 2008 submission, PricewaterhouseCoopers LLP provides observations and issues on Bill C-28’s section 18.2 rules.

Tax Memo: Understanding RESPs
This Tax Memo discusses the RESP rules, including the latest changes to these rules. It will help you decide whether an RESP would be a suitable education savings vehicle for your family.

Banking Review: Finding competitive advantage through adversity
This issue of the Banking Review focuses on some of the key issues within the Canadian banking industry, including IFRS, boosting profitability and the availability of capital to Canadian borrowers.

In Print: Good News for Barbados Qualifying Insurance Companies
A technical interpretation from the CRA has put an end to the uncertainty surrounding the Canadian tax treatment of distributions from Barbados QICs to their Canadian parent companies.

In Print: Mexico’s Corporate Flat Tax Regime
This article provides a basic overview of the new tax regime and aims to help Canadian companies operating in Mexico understand how this new regime may affect their current and future tax and cash positions in the country.

Developments: Revised Form T661: Implications for Your Company’s SR&ED Claim
This edition of Developments provides details on the nature of the T-661 changes and its implications for taxpayers who make SR&ED claims.

In Print: Planning opportunities for public sector bodies
PwC's James Capobianco examines opportunities for the public sector to maximize their GST/HST recoveries.

Developments: Revised SR&ED Claim Form (Form T661): What to Expect
Form T661 is a critical part of any scientific research and experimental development (SR&ED) claim. This edition of Developments highlights changes that can be expected in the revised form.

Developments: Scientific Research and Experimental Development (SR&ED) Work Outside Canada
The following Developments issue discusses an important tax policy change to the scientific research and experimental development investment tax credit program introduced in the 2008 federal budget.

In Print: Tax Incentives to Go Green
This article highlights ways to benefit from the green agenda that federal and provincial governments are pushing in the form of new taxes and fees.

Tax Memo: 2008 British Columbia Economic Plan: Highlights
British Columbia’s Economic Plan, delivered on October 22, 2008, includes measures to improve the province’s competitiveness and reduce costs for families and businesses.

In Print: Canada's Tax Regime: Complexity Undermines Competitiveness – PwC's Total Tax Contribution Survey
This article discusses the results of a recent survey by PricewaterhouseCoopers examining the tax contributions of large Canadian corporations.

Canadian Competent Authority Update
This paper discusses recent activity undertaken by the Canadian Competent Authority to advance the handling of cases through improvements to its advance pricing arrangement program.

In Print: Provincial Environmental Fees
Provincial environmental fees get much less attention than sales taxes, but present significant administrative costs and challenges for many businesses.

In Print: Provincial Move to Carbon Tax
This article provides a brief status report on the move to carbon taxes by Canadian provinces.

Commodity Clips, September/October 2008
This issue covers the following: GST, HST, Corporations, Partnerships and Joint Ventures,Tax for Fuel, Quebec Sales Tax, Jordan Free Trade Agreement Negotiations, Customs Tariff, Trade Compliance and Integrity retail sales tax.

Commodity Clips: US importers Must Declare “First Sale” on Customs Entries
Effective September 20 2008, importers must declare upon entry to US customs whether the value declared for imported goods is the price paid by the buyer in the first sale.

Estate Tax Update: Canadians Living in the United States (Revised Edition, August 26, 2008)
Canadians who live in the United States may be regarded as US residents for US estate tax purposes and taxed in the same manner as US citizens.

Estate Tax Update: US Family Members in the Canadian Family-Owned Business (Revised Edition, August 20, 2008)
Even if you are not a US citizen, if a member of your family is a US citizen or resident, traditional Canadian wills, as well as estate and tax planning, may not be effective.

Commodity Clips, July/August 2008
This issue covers the following: GST, HST, social service tax, motor fuel tax, hotel room tax, carbon tax, retail sales tax.

Tax Memo: Tax Planning for Income Trust Conversions and Acquisitions
This Tax Memo provides detailed comments about certain Canadian income tax issues that are relevant for planning income trust conversions and acquisitions

Tax Memo: Fifth Protocol to the Canada-US Income Tax Treaty: Technical Explanation
On July 10, 2008, the US Treasury Department released the Technical Explanation of the fifth Protocol to the Canada-US Income Tax Convention to provide guidance with respect to many questions relating to the application of the Protocol.

Tax Memo: Foreign Affiliate Elections: Deadlines Extended
On June 27, 2008, the federal Minister of Finance proposed measures to ease tax compliance for Canadian corporations with foreign affiliates.

Tax Memo: Functional Currency Election: Proposed Revisions and Extended Deadline
On June 27, 2008, the Department of Finance issued a news release proposing measures to ease tax compliance for Canadian corporations that report earnings in a foreign currency.

Tax Facts and Figures: Canada 2009
Tax Facts and Figures: Canada 2009 will help you understand the myriad personal and corporate tax rates and tax changes that apply to you or your company.

SR&ED Tax Clips: 2008 Provincial and territorial R&D tax credits -- June 10, 2008
Among the major industrialized countries, Canada offers one of the most favourable packages of R&D tax incentives. In addition to the federal incentives, taxpayers carrying on R&D may also benefit from provincial or territorial tax credits. To help individuals and corporations maximize their potential R&D tax incentives, a summary of the rules for provincial and territorial R&D tax credits follows.

SR&ED Tax Clips: Federal R&D investment tax credits: 1996 - 2008 (June 10, 2008)
Among the major industrialized countries, Canada offers one of the most favourable packages of R&D tax incentives. Federal, provincial and territorial R&D tax incentives are available. To assist individuals and corporations maximize their potential R&D tax incentives, a summary of the rules for federal tax credits follows.

Estate Tax Update: Owning a US Vacation Property
The estate of a Canadian resident may be required to pay US estate tax on a US vacation home owned by the deceased.

Oil and Gas Taxation in Canada 2008
Conventional and beyond: Oil and Gas Taxation in Canada summarizes the way in which Canadian oil and gas operations are taxed by the Canadian federal and western provincial governments.

Commodity Clips, May/June 2008
This issue covers the following: GST, HST, care facilities, budget highlights, retail sales tax, customs, standardized accounting.

Tax Memo: Bill C-28 Foreign Affiliate Elections -- Approaching Filing Deadline
Companies with foreign affiliates could be affected by a number of generally relieving technical amendments to the foreign affiliate rules that became effective after Bill C-28 received royal assent on December 14, 2007.

Tax Memo: Withholding Tax on Interest -- Welcome Changes for 2008 and Beyond
Withholding tax on interest paid or credited on debts owing to non-residents may be reduced, and in many cases eliminated.

Tax Memo: International Tax Policy -- April 2008 Consultation Paper
The Advisory Panel on Canada’s System of International Taxation issued its consultation paper, Enhancing Canada’s International Tax Advantage, on April 25, 2008.

Lending a hand: Tax Guide for Charities
Learn how to decipher complex charity tax law and its effect on your non-profit’s operations and process.

Tax Memo: Important Court Ruling on Treaty Interpretation -- Another Setback for the CRA
The Tax Court of Canada decision in Prévost Car Inc. v. The Queen provides valuable guidance on how receptive the courts are likely to be when the Canada Revenue Agency challenges some international structures.

2008 Alberta Budget
Alberta's Finance and Enterprise Minister, Iris Evans, unveiled the province's 2008 budget, which introduced a refundable tax credit on scientific research and experimental development expenditures. Read PwC's analysis. (Full budget and PDF.)

Tax Memo: 2008 Alberta Budget: Tax Highlights
This document contains the highlights of tax measures included in the 2008/2009 Budget of the Government of Alberta, delivered April 22, 2008, by Minister of Finance Iris Evans. (PDF with highlights only.)

Tax Memo: The Move to IFRS: Tax Implications
The move to International Financial Reporting Standards (IFRS) from current Canadian Generally Accepted Accounting Principles (Canadian GAAP) will fundamentally change the way Canadian companies report their business results.

SR&ED Tax Clips: Federal SR&ED investment tax credits enhanced (April 3, 2008)
The federal SR&ED enhancements are intended to create a competitive business environment that supports innovation by helping Canadian businesses that incur SR&ED expenditures in and outside Canada.

2008 Manitoba Budget: Tax Highlights
Manitoba's Minister of Finance, Greg Selinger, delivered the province's 2008 budget on April 9, 2008. The budget does not change this year's corporate or personal income tax rates.

Tax Memo: 2009 Manitoba Budget: Tax Highlights
Manitoba's Minister of Finance, Greg Selinger, presented the province's 2009 budget on March 25, 2009. Read this Tax Memo for PwC's budget commentary.

Commodity Clips, March/April 2008
This issue covers the following: GST, HST, care facilities, budget highlights, retail sales tax, customs, standardized accounting.

2008 Ontario Budget
Ontario Finance Minister Dwight Duncan presented the province's 2008 budget on Tuesday, March 25, 2008. (Full text and PDF.)

Quebec Budget 2008-2009: Tax Highlights
This document contains the highlights of tax measures included in the 2008/2009 Budget of the Government of Québec, delivered March 13, 2008, by Minister of Finance Monique Jérôme-Forget. (PDF and text highlights.)

Tax Memo: 2008 Quebec Budget
This document contains the highlights of tax measures included in the 2008/2009 Budget of the Government of Québec, delivered March 13, 2008, by Minister of Finance Monique Jérôme-Forget. (PDF only.)

Tax Memo: Quebec Budget 2008-2009: Tax Highlights
This document contains the highlights of tax measures included in the 2008/2009 Budget of the Government of Québec, delivered March 13, 2008, by Minister of Finance Monique Jérôme-Forget. (PDF with highlights only.)

2008 Québec Budget: Full commentary -- PricewaterhouseCoopers Canada
This document contains the highlights of tax measures included in the 2008/2009 Budget of the Government of Québec, delivered March 13, 2008, by Minister of Finance Monique Jérôme-Forget. (Full text and PDF.)

Estate Tax Update: U.S. Estate Tax Exposure for U.S. Citizens Living in Canada (Revised Edition, February 27, 2008)
This Estate Tax Update sets out the current potential exposure of Canadians to US estate tax.

beyondBorders™, February 2008
Along with a new look, this edition of beyondBorders™ introduces a new approach: rather than a series of articles on a single topic (such as transfer pricing), we offer a selection of items on a variety of topics of potential interest to organizations doing cross-border business.

Tax Memo: 2008 Federal Budget
Minister of Finance Jim Flaherty presented the minority government’s third budget on February 26, 2008. The budget contains a modest number of tax measures, but no tax rate or bracket changes or other broad-based tax initiatives. (PDF of full commentary only.)

Tax Memo: 2008 Federal Budget: Highlights
This PwC Canada Tax Memo shares highlights from the 2008 federal budget. The country's Minister of Finance, Jim Flaherty, unveiled the budget on Tuesday February 26th. (PDF with highlights only.)

2008 Federal Budget: Full commentary -- PricewaterhouseCoopers Canada
Jim Flaherty, Minister of Finance, tabled Canada's 2008-2009 Federal budget on February 26, 2008. The budget contains a modest number of tax measures, but no tax rate or bracket changes or other broad-based tax initiatives. (Full text and PDF.)

2008 Federal Budget: Highlights -- PricewaterhouseCoopers Canada
Read PricewaterhouseCoopers Canada's highlights from the 2008 federal budget. Canada's Minister of Finance, Jim Flaherty, tabled the budget on Tuesday February 26. (PDF and text highlights.)

2008 British Columbia Budget
On Tuesday, February 19, 2008, the BC Minister of Finance, Carole Taylor, introduced the province’s 2008 budget. The budget included a range of measures addressing climate change, promoting greener choices and encouraging a strong economy. (Full text and PDF.)

Tax Memo: 2008 British Columbia Budget
As part of British Columbia's 2008-09 budget speech, Finance Minister Carole Taylor announced a number of provincial tax measures for individuals and businesses. (PDF only.)

One step at a time: Tax rules for family law practitioners
PricewaterhouseCoopers’ Tax Rules for Family Law Practitioners helps family law or mediation practitioners better understand the complex tax rules applied to support payments and property settlements.

Tax Memo: Pension-splitting Opportunity for 2007 Income Tax Returns
Newly enacted legislation provides seniors and other pensioners a new tax planning opportunity.

Tax Memo: House of Commons Standing Committee on Finance Recommends Tax Changes
On February 7, 2008, the House of Commons Standing Committee on Finance released its report, Taxing to Prosper: Canada’s System of Taxes, Fees and Other Charges.

Tax Memo: Reminder -- Two Critical Property Tax Deadlines Approaching
Two deadlines are approaching for those who own or lease commercial or industrial properties in Ontario to claim a tax rebate for the 2007 tax year or file a complaint for the 2008 tax year.

Commodity Clips, Special Issue: Customs Proposal to Eliminate First Sale
This issue of PricewaterhouseCoopers’ Commodity Clips discusses the Bureau of Customs and Border Protection’s notice of proposed interpretation of the First Sale for Export concept.

Commodity Clips, January/February 2008
This issue covers the following: effect of the GST rate reduction on the new housing rebates, agriculture and fishing, standardized accounting, oil and gas industry.

Estate Tax Update: US Estate Tax Exposure for Canadians (Revised Edition, January 15, 2008)
This Estate Tax Update sets out the current potential exposure of Canadians to US estate tax.

Car Expenses and Benefits -- A Tax Guide, 2009
Using a vehicle for business means you face an intricate set of tax laws when it comes to claiming your expenses. Find out how you can take advantage of certain tax deductions.

In Print: The Anti-Tax Haven Initiative and the Foreign Affiliate Rules
The March 19, 2007 Canadian federal budget proposed to deny deductions for interest on funds used by Canadian taxpayers to invest in foreign affiliates.

Tax Memo: Federal Corporate Tax Rate Reductions
Some corporations may be required to record significant adjustments to future tax balances and income tax expense, to reflect corporate tax rate reductions implemented by Bill C-28, which received royal assent on December 14, 2007.

Tax Memo: More Tinkering with the SIFT Rules
The Specified Investment Flow-Through rules, originally announced on October 31, 2006, and enacted in June 2007, impose a tax on distributions paid by publicly traded trusts and partnerships.

Tax Memo: Ontario Tax Harmonization
Ontario’s corporate income tax and minimum tax will be administered by the Canada Revenue Agency starting with taxation years ending after December 31, 2008.

2007 Ontario Economic Outlook and Fiscal Review
The Ontario government delivered the province's Economic Outlook and Fiscal Review on December 13, 2007. The announcement promises tax relief to particular corporations and individuals.

Tax Memo: 2007 Ontario Economic Outlook and Fiscal Review Brings Tax Relief
Ontario’s Minister of Finance, The Honourable Dwight Duncan, presented the province’s 2007 Economic Outlook and Fiscal Review on December 13, 2007. (PDF only.)

Estate Tax Update: Cross-border Estate Planning
On September 21, 2007, after nearly ten years of negotiation, the United States and Canada jointly released the fifth Protocol (the Protocol) to the Canada-U.S. Income Tax Convention (Treaty).

Commodity Clips, November/December 2007
This issue covers the following: automobile operating expense benefit, drop shipments, automotive repair industry, hotel room tax, fishing lodges, children’s clothing.

In Print: Drop Shipment Rules
This article provides background on the GST Drop Shipment rules, and discusses CRA’s evolving interpretation as to the types of scenarios that may not fall within the drop shipment provisions, as well as those that may create a requirement for non-residents to register for the GST.

In Print: Ontario PST and Software
This article discusses the application of Ontario Retail Sales Tax to software and software-related services, comments on the increasing complexity of the rules, and highlights areas where the interpretation of the Ministry is at odds with that of the industry as a whole.

Paying Taxes 2009: The Global Picture
Paying Taxes 2009 - The global picture is a unique study by PricewaterhouseCoopers and the World Bank that investigates and compares tax regimes in 181 economies worldwide.

Tax Memo: New Tax Era for Private Foundations
A Notice of Ways and Means Motion tabled in the House of Commons on November 13, 2007, enhances Canada’s tax incentives for individuals, corporations and trusts that donate publicly listed securities to private foundations, by extending the capital gains exemption to these gifts.

Tax Memo: Functional Currency: Proposed Election
On October 2, 2007, Canada’s federal government released legislative proposals to enact certain tax measures first announced in its 2006 budget.

Tax Memo: Draft Legislation Affects Insurers and Other Financial Institutions
The Department of Finance released draft legislation on November 7, 2007, that intends to simplify the taxation of entities defined in the Income Tax Act as financial institutions by better aligning the tax rules with the financial instruments accounting standard that came into effect on October 1, 2006.

Estate Tax Update: US Estate Tax Exposure for Canadians (Revised Edition, October 22, 2007)
This Estate Tax Update sets out the current potential exposure of Canadians to US estate tax.

Webcast: Navigating International Tax Developments: The New Fifth Protocol to the Canada-US Income Tax Treaty
This webcast features presentations from Navigating International Tax Developments: The New Fifth Protocol to the Canada-US Income Tax Treaty, a series of cross-Canada seminars informing US and Canadian multinational companies and individual taxpayers on the Treaty’s new protocol.

2007 Federal Economic Statement
On October 30, 2007, the Honourable Jim Flaherty, Minister of Finance, outlined the federal government's economic statement. (Full text and PDF.)

Energy Tax News: Alberta’s New Royalty Framework
On October 25, 2007, Premier Ed Stelmach announced Alberta’s New Royalty Framework.

Tax Memo: 2007 Federal Economic Statement Promises $60 Billion in Tax Cuts Over Six Years
PwC shares its response to the federal government's fiscal update on October 30, 2007. (PDF only.)

Tax Memo: Year-End Tax Planner (2007) -- for Individuals and Owner-Managed Businesses
Designed for investors and small and large business owners, PwC’s Tax Memo: Year-End Tax Planner (2007) can make your tax planning more efficient and cost-effective.

In Print: Foreign Affiliate Update
This article provides an update on a number of key foreign affiliate technical amendments to the Income Tax Act that the Department of Finance has released.

In Print: British Columbia's Tax Refund Regime: International Financial Activities
By providing a refund of provincial income tax paid in respect of qualifying activities carried out in British Columbia, the province’s international financial activity regime enables corporations to shift pre-tax income from higher rate jurisdictions to its more moderate system.

beyondBorders™, October 2007 -- Transfer Pricing Issue
This edition of beyondBorders™ discusses recent developments in transfer pricing that relate to: transfer pricing penalties; timing of taxpayer reassessment by the CRA; allocation issues regarding shareholder costs; income transfer pricing and customs valuation; 2006 update on the CRA Reports on the Canadian APA Program; and 2007 update on the CRA Reports on the Canadian MAP Program.

Tax Memo: Fifth Protocol to the Canada-US Income Tax Treaty -- Reflections
This Tax Memo reflects on the effect the Protocol will have on Canadian multinationals with US operations, US multinationals with operations in Canada and on certain individuals.

Tax Memo: Alert for Corporations: Draft Legislation Makes Previously Announced Changes
On October 2, 2007, the federal Minister of Finance, the Honourable Jim Flaherty, released an omnibus package of draft tax legislation that contains many personal and corporate changes.

Commodity Clips, September/October 2007
This issue covers the following: bad debts, agriculture, fishing products, real property, children's camps, the due date for tax returns, pharmaceutical companies, medical supplies, lodgings and excise taxes and special levies.

Tax Memo: Canada-US Income Tax Treaty: Fifth Protocol Makes Major Changes
On Friday, September 21, 2007, after nearly 10 years of negotiation, the United States and Canada jointly released the fifth Protocol1 (the Protocol) to the Canada-US Income Tax Convention (Treaty).

Tax Memo: Latest CRA Views on the 95(6)(b) Foreign Affiliate Anti-Avoidance Rule: Reflections
This Tax Memo reflects on whether the CRA's latest ITTN publication signals a substantive change to previous CRA positions on the interpretation and application of paragraph 95(6)(b) of the Income Tax Act.

Energy Tax News: Alberta Royalty Review Report
On September 18, 2007, the Alberta Royalty Review Panel (the “Panel”) issued its Report on the Alberta Royalty and Tax Regime. The Report contains recommendations concerning the current royalty and income tax system in Alberta.

SR&ED Tax Clips: Federal Court of Appeal allows SR&ED ITC carryforward to be reduced for ITCs disallowed in statute-barred years
The Federal Court of Appeal found that investment tax credits (ITCs) disallowed in statute-barred years can reduce the ITC carryforward balance in a subsequent year that is not statute-barred.

SR&ED Tax Clips: Québec eliminates permanent establishment requirement for claiming refundable R&D tax credits
Québec's 2007 budget allows corporations, individuals and partnerships that carry on a business in Canada and do research and development (R&D) in Québec to claim refundable Québec R&D tax credits, even if they do not have a permanent establishment in Québec.

Total Tax Contribution: What is your company's overall tax contribution?*
Total Tax Contribution is a framework which helps your company monitor and manage taxes to make better informed business decisions and communicate their economic impact in taxes.

Commodity Clips, July/August 2007
This issue includes Import Rules for Financial Institutions and Dealings Between Permanent Establishments; Input Tax Credit Entitlement for Tax on Imported Goods; Cancellation of the Visitor Rebate Program and Foreign Convention and Tour Incentive Program — Updated; Notice to all Licensed Manufacturers and Wholesalers, and Importers of Automobiles – Imposition of Excise Tax on Fuel-inefficient Vehicles; Exemption for Material and Equipment Used to Conserve Energy, and EU suspends WTO panel on India wines and spirits after India cuts discriminatory tariffs.

Tax Memo: SR&ED Investment Tax Credit Claims: Making the CRA’s Revised Procedures Work
Based on new strict guidelines, initial completeness checks and preliminary assessment of SR&ED claims are now carried out by taxation centre staff (rather than the Coordinating Tax Services Office).

Estate Tax Update: U.S. Family Members in the Canadian Family-Owned Business
This Estate Tax Update issue shows how traditional Canadian estate and tax planning techniques may not help you achieve your objectives when you have a U.S. family member.

SR&ED Tax Clips: 2007 Provincial and territorial R&D tax credits
Among the major industrialized countries, Canada offers one of the most favourable packages of R&D tax incentives. To help individuals and corporations maximize their potential R&D tax incentives, here is a summary of the rules for provincial and territorial R&D tax credits.

SR&ED Tax Clips: Federal R&D investment tax credits: 1996 -- 2007
Among the major industrialized countries, Canada offers one of the most favourable packages of R&D tax incentives. To assist individuals and corporations maximize their potential R&D tax incentives, here is a summary of the rules for federal tax credits.

2007 Québec Budget, May
This document contains the full 2007/2008 Budget of the Government of Québec, delivered May 24, 2007, by Minister of Finance Monique Jérôme-Forget. (Full text and PDF.)

2007 Québec Budget, May: Highlights
This document contains the highlights of tax measures included in the 2007/2008 Budget of the Government of Québec, delivered May 24, 2007, by Minister of Finance Monique Jérôme-Forget. (Full text and PDF.

2007 Manitoba Budget: Highlights
Manitoba's Minister of Finance, Greg Selinger, presented the province’s 2007 budget on April 4, 2007.

2007 Ontario Budget
Ontario Finance Minister Greg Sobara presented the province's 2007 budget on Thursday, March 22, 2007. The budget did not change personal or corporate income tax rates, but does promise to eliminate Ontario's capital tax on July 1, 2010. (Full text and PDF.)

2007 Federal Budget
The Honourable Jim Flaherty, Minister of Finance, tabled the country's 2007-2008 Federal budget on March 19, 2007. The budget contains numerous tax measures, with a particular focus on the family, but no tax rate or bracket changes or other broad-based measures. (Full text and PDF.)

Tax Memo: The CRA's Revised Position on SR&ED Contracts
The Canada Revenue Agency (CRA) recently revised its position on whether a taxpayer can claim, as a qualified expenditure for Investment Tax Credit (ITC) purposes, amounts paid to placement agencies under a contract to carry out Scientific Research and Experimental Development (SR&ED) work on the taxpayer’s behalf.

2007 British Columbia Budget
On Tuesday, February 20, 2007, the British Columbia Minister of Finance, the Honourable Carole Taylor, introduced the province’s 2007 budget. (PDF only.)

2007 Québec Budget
This document contains the full 2007/2008 Budget of the Government of Québec, delivered February 20, 2007, by Québec Minister of Finance Michel Audet. (Full text and PDF.)

2007 Québec Budget: Highlights
This document contains the highlights of tax measures included in the 2007/2008 Budget of the Government of Québec, delivered February 20, 2007, by Québec Minister of Finance Michel Audet. (Full text and PDF.)

Understanding the Taxation of Partnerships (2006)
Do you know how taxation issues affect partnerships? Find out with a newly released book written by one of our tax professionals.