Canada’s Federal Budget Does Not Address Cross-Border Income Trusts
The March 2013 Federal Budget did not contain any provisions aimed at cross-border income trusts (CBITs, also known as foreign asset income trusts, or FAITs). Mention was made, however, of a continued...
View ArticleMarch 2013 Federal Budget Provisions Concerning Pipeline Abandonment Trusts
Overview The March 21, 2013 Federal Budget changed the tax law applicable to the pipeline abandonment trust (Trust) structure that has been submitted to the National Energy Board (NEB) as the proposed...
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