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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

2022
Submission - Finance - Reporting Requirements for Trusts (April 4, 2022)

Joint IFIC and CETFA Submission to Finance - February 4 2022 Draft Proposals Mutual Funds - Allocation to Redeemers (April 4, 2022)

Joint IFIC and CETFA Submission to Finance - Proposed Reporting Requirements for Trusts (Trust Reporting) (April 4, 2022)

2019
Federal Changes to Protect RDSP Beneficiaries

Submission to Finance Canada - Trust Reporting Rules (January 22, 2019)

2018
Submission – Federal Government – Amendment of RDSP Rules (January 5, 2018)

2017
Enhanced Financial Reporting to the CRA – for the Common Reporting Standard and Financial Account Tax Compliance Act December

Information to increase your understanding of the CRS and FATCA


Submission – Department of Finance – International Competitiveness (May 9, 2017)

2016
Understanding the Common Reporting Standard (CRS) for the global automatic exchange of financial account information

Submission - Finance Canada - Qualified Investments (February 12, 2016)