Finance Recommends Relieving Changes
Stephen Waque, a senior partner at Borden Ladner Gervais LLP with extensive experience in environmental law, highlights the Department of Finance’s recommendation to relieve changes to prohibited investment rules in the Income Tax Act as they apply to RRSPs, RRIFs and TFSAs.
Finance Recommends Relieving Changes to Prohibited Investment Rules for RRSPs, RRIFs and TFSAs. On June 12, 2012, the Department of Finance (“Finance”) sent a letter to the Joint Committee on Taxation of the Canadian Bar Association and the Canadian Institute of Chartered Accountants, in which it agreed to recommend significant relieving changes to the prohibited investment rules in Part XI.01 of the Income Tax Act.
Stephen Waque is a senior partner with BLG and a founding director and past president of the Ontario Expropriation Association. He has more than 30 years experience in the practice of expropriation legislation and real estate law. Stephen is the author of New Law of Expropriation, a two-volume reference text that deals comprehensively with government acquisitions of real estate and business interests, and is considered an authority in Canada. For more information on Stephen Waque please visithttp://www.blg.com/en/home/our-professionals/Pages/Waque-Stephen.aspx