TAX CHANGES FOR 2021 REGISTRATION

This budget describes revisions to those proposals and the associated draft legislation in the attached Notice of Ways and Means Motion, following consultations with stakeholders.ĥ Details of these proposed tax measures are presented in Annex 7.

Tax on Unproductive Use of Canadian Housing by Foreign Non-resident Ownersġ A '–' indicates a nil amount, a small amount (less than $500,000) or an amount that cannot be determined in respect of a measure that is intended to protect the tax base.ģ An important proportion of the overall projected revenue impact (75%) relates to the expectation that the measure will help in preventing the shifting of debt into Canada.Ĥ The projected revenues from the GST/HST e-commerce proposals are set out in the 2020 Fall Economic Statement and have already been provisioned in the fiscal framework. In this annex, references to 'Budget Day' are to be read as references to the day on which this Budget is presented. The annex also provides Notices of Ways and Means Motions to amend the Income Tax Act, the Excise Tax Act, the Excise Act, 2001 and other legislation and draft amendments to various regulations. Table 1 lists these measures and provides estimates of their fiscal impact. This annex provides detailed information on tax measures proposed in the Budget. Draft Amendments to Various GST/HST Regulations.Notice of Ways and Means Motion to introduce an Act to implement a Tax on Select Luxury Goods.Notice of Ways and Means Motion to amend the Excise Act, 2001 and Other Legislation.Notice of Ways and Means Motion to amend the Excise Tax Act.Notice of Ways and Means Motion to amend the Income Tax Act and Other Related Legislation.Duty and Tax Collection on Imported Goods.Rebate of Excise Tax for Goods Purchased by Provinces.Input Tax Credit Information Requirements.Application of the GST/HST to E-commerce.Capital Cost Allowance for Clean Energy Equipment.Rate Reduction for Zero-Emission Technology Manufacturers.Canada Emergency Rent Subsidy and Lockdown Support.Electronic Filing and Certification of Tax and Information Returns.

TAX CHANGES FOR 2021 REGISTRATION

Registration and Revocation Rules Applicable to Charities.

Taxes Applicable to Registered Investments.

Fixing Contribution Errors in Defined Contribution Pension Plans.

Tax Treatment of COVID-19 Benefit Amounts.

Tax Measures - Supplementary Information Table of Contents

Tax changes for 2021