The Stikeman Elliott Federal Budget Commentary 2017

Stikeman Elliott's Tax Group has prepared a commentary on the 2017 federal budget. Hihlights include: Resource Measures Expansion of Accelaerated CCA and CRCE Treatment to Geothermal Heating Reclassification of Discovery Wells as CDE Phase Out of Rule Deeming First $1M of CDE to be CEE. Extension of the Mineral Exploration Tax Credit Changes to Timing of Recognition of Income from Derivatives Option to elect to have mark-to-market treatment of certain derivatives New stop-loss rules relating to certaing "straddle transactions" Other Income Tax Changes Clarification of de facto control of a corporation Increased ability for switch funds and segregated funds to merge Changes to rules impacting foreign branches of life insurers. Download: English (148.3 Mb)