Government Releases for Consultation Draft Legislative Proposals Relating to the Income Tax Act and Regulations
|Proposed Changes|Canada

On 14 August 2012, the Department of Finance released for consultation draft legislative proposals that would implement the following tax measures from Economic Action Plan 2012:
CorporateIncomeTax
| - | Expanding the eligibility for the accelerated capital cost allowance for clean energy generation equipment to include a broader range of bioenergy equipment; | |
| - | Phasing out the Corporate Mineral Exploration and Development Tax Credit; |