Canadian Government Tables Notice of Ways and Means Motion to Implement Tax Measures

On 20 October 2014, the Canadian Government tabled in the House of Commons a Notice of Ways and Means Motion to implement tax measures from Economic Action Plan 2014, as well as other measures. Some of the key international tax related measures include:

• Better circumscribing an existing exception from the "investment business" definition in the foreign accrual property income regime by introducing additional conditions for the application of the exception
• Adjusting Canada's foreign accrual p…