2018 Department of Finance Technical Notes: Income Tax, 30th Edition
By: David M. Sherman, B.A., LL.B., LL.M.
ISBN/ISSN/Product Number: 978-0-7798-8602-9
Product Type: Book S.O. Annual/biannual/biennial
Anticip. Upkeep Cost: Annual volumes supplied on standing order subscription
Number of Pages: Approximately 3900 pages
Number of Volumes: 2 volume bound
Binding: softcover
Publication Date: 2018-12-21
Publisher: Carswell
Price: $310.00

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Full explanation for each amendment to each section of Canada's Income Tax Act

This work includes the Department of Finance's explanation of the purpose and application of each section of the Income Tax Act, and an explanation of each amendment organized by section of the Act – in the words of those who drafted the amendments.

It consolidates and organizes the following twelve sources of information, going back to 1946: Technical Notes/Explanatory Notes, Notices of Ways and Means Motions, Budget Supplementary Information, Budget Speeches, June 1987 Tax Reform White Paper, December 1987 Tax Reform Supplementary Information, Press Releases, De Boo Budget Date Comments, June 1971 Tax Reform Summary, House of Commons Finance Committee Reports, Regulatory Impact Analysis Statements, and Department of Finance comfort letters.

New in this edition

  • July 2018 Technical Notes (budget) – Notes for the July 27, 2018 draft legislation
  • Sept. 2018 Technical Notes – Notes for the Sept. 14, 2018 draft legislation (political activities of charities)
  • April 2018 Technical Notes (budget) – Notes for the March 22, 2018 Notice of Ways and Means Motion that became Bill C-74, the first 2018 Budget bill (S.C. 2018, c. 12, Royal Assent June 21, 2018)
  • 2018 NWMM – Notice of Ways and Means Motions accompanying the federal Budget of Feb. 27, 2018
  • 2018 BSI – Budget Supplementary Information from the federal Budget of Feb. 27, 2018
  • Regulatory Impact Analysis Statements accompanying new regulations
  • Press releases on various matters
  • New comfort letters from the Department of Finance, proposing technical amendments

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About the Author
David Sherman, LL.B., LL.M., is a Toronto lawyer specializing in both income tax and GST. His tax publications are numerous and include many Carswell titles such as the Practitioner's Income Tax Act, Canada GST Service, Practitioner's Goods and Services Tax Annotated, GST & HST Case Notes, GST & HST Times, GST Memoranda Bulletins & Policies, and The Lawyer's Guide to Income Tax and GST/HST. Mr. Sherman's client work consists primarily of tax dispute resolution with the Canada Revenue Agency to overturn GST & HST and income tax assessments. He is a frequent speaker on income tax and GST/HST matters, and has lectured for the Canadian Tax Foundation and the Ontario Bar Association. He was on the executive of the Taxation Law Section of the Ontario Bar Association from 1994 to 2007.

Me Sherman est un avocat de Toronto spécialisé en matière d'impôt sur le revenu et de TPS. Il est l'auteur de nombreuses publications fiscales et il compte à son actif plusieurs ouvrages publiés par Carswell, dont le Practitioner's Income Tax Act et sa version française, La Loi du Praticien – Loi de l'impôt sur le revenue, le Canada GST Service, le Practitioner's Goods and Services Tax Annotated, les bulletins GST & HST Case Notes et GST & HST Times, le GST Memoranda, Bulletins & Policies et le Lawyer's Guide to Income Tax and GST/HST. Les activités de consultant de Me Sherman consistent essentiellement à résoudre des litiges fiscaux avec l'Agence de revenu du Canada lors de la contestation d'avis de cotisations en matière de TPS et d'impôt sur le revenu. Il agit souvent à titre de conférencier au sujet de la TPS et de l'impôt sur le revenu et il a donné des conférences auprès de l'Association canadienne d'études fiscales et de l'Association du Barreau de l'Ontario. De 1994 à 2007, il a également fait partie des dirigeants de la section du droit fiscal de l'Association du Barreau de l'Ontario.