Canadian Income Tax Act with Regulations, Annotated 85th Edition, 2008

• Full text of the Income Tax Act and Regulations
• Pending Amendments to the Income Tax Act
• Department of Finance comfort letters
• News Releases
• Editorial notes, cross references to other sources of information, including:
  • Related sections of the Act and Regulations
  • Bulletins, Circulars and Technical News
  • CRA forms and guides
  • CCH newsletter articles
  • Canadian Tax Foundation articles
  • Canadian Petroleum Tax Journal articles
• Key case annotations
• Full text history notes
• The Canada-U.S. and Canada-U.K. Tax Conventions
• Interpretation Act
• The Income Tax Conventions Interpretation Act
• Remission Orders
• Quick reference charts including rates, credits, limits, penalties:
  • Tax calendar
  • Integration tables from PricewaterhouseCoopers LLP
  • 2008 Tax Rates and Credit Tables
  • 2007 Tax Rates and Credits Tables (as amended by the October 2007 Federal Economic Statement)

• 2007 Federal Budget and Economic Statement – enacted by Bill C-28:
  • changes to foreign affiliate rules
  • new functional currency provisions
  • new registered disability savings plans
  • changes to non-resident with holding on interest income
  • new child tax credit
  • reduction of lowest personal tax rate
  • changes to personal credits including: basic, spousal, common-law partner, and eligible dependant amounts
  • new rules on interest deductibility for inter-affiliate loans
  • changes to rules for instalment payments
  • new designated and recognized stock exchange provisions
  • excess corporate holdings regime for private foundations
  • new working income tax benefit
• The full text of the Fifth Protocol to the Canada-US treaty
• New and amended Regulations including those for:
  • Phased retirement and worker retention
  • Prescribed programs for child fitness tax credit
  • Designated stock exchanges
• New draft legislation on taxation of financial institutions.