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Taxation

Tax policy, as it applies both to investment funds and individual investors, is an important area of SIMA comment and advice.

SIMA works with its members to develop positions on tax policy and technical issues for submission to federal and provincial governments in Canada. We serve as a resource for tax officials seeking to better understand the impact on the fund industry and investors of specific tax proposals.



Documents

2024
Submission to Finance – Requesting the expansion of the list under 209(5) of the Income Tax Regulations (October 9, 2024)

Submission - Finance - Consultation on Qualified Investments for Registered Plans (July 19, 2024)

Submission to Finance – FHSA and TFSA Full Carve out of the Additional Reporting Requirements for Trusts (March 19, 2024)

2023
Submission to Finance – Supporting CETFA's March 15th, 2022 Submission (November 9, 2023)

Submission to CRA – Requesting updates to the GST/HST Interpretation No. 187184 (October 19, 2023)

Joint Submission to Finance - Proposed Share Buyback Tax and Exchange-Traded Funds (September 8, 2023)

Letter to Finance - Proposed Excessive Interest and Financing Expenses Limitation (September 8, 2023)

Submission - Finance Canada - Excessive Interest and Financing Expenses Limitation Rules (EIFEL) (January 16, 2023)

2022
Submission - Finance Canada - PMAC Pre-Budget Consultations 2022 (July 28, 2022)

Submission - Finance Canada - Proposed Excessive Interest and Financing Expenses Limitation (April 25, 2022)