In the 2018 budget, the Government of Canada announced its initiative to discontinue CRA policies regarding health and welfare trusts (HWTs) and require conversion of HWTs to employee life and health trusts (ELHTs). The amendments to the Income Tax Act required to implement this initiative came into force on June 29, 2021. The deadline for conversion remains January 1 ...
On February 4, 2022, the federal government released a set of draft legislative proposals relating to the Income Tax Act (Canada) for public comment. Many of these proposals implement changes previously announced or confirmed in Budget 2021: A Recovery Plan for Jobs, Growth, and Resilience.
This article discusses the draft proposals that are of interest to ...
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Lawson Lundell's Pension and Employee Benefits Law Blog provides updates on the most recent legal developments impacting pension and employee benefit plans. We cover a range of topics, including recent case law and changes to relevant provincial and federal legislation.
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