 |
|
|
 |
|
| |
|
| Lowtax Network Sites |
| Lowtax Network Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail. |
| Tax News: Global
tax news, continuously updated through the day. |
| Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor. Sponsored by HSBC
Bank International. |
| Law & Tax
News: Daily news and background data on tax and legal developments
for international business. |
| Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation. |
| Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources. |
| US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax. |
| Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers. |
| Offshore Trusts
Guide: OTG publishes news, features and newsletters on the use of
offshore trust structures. |
| TreatyPro: Online
tax treaty resource. |
|
|
| Canada Approves Use Of BSX Securities In Retirement Savings Plans |
by Mike Godfrey, Tax-News.com, Washington
Thursday, November 17, 2011
The Bermuda Stock Exchange (BSX) has announced that the Minister of Finance for Canada has approved the addition of the exchange to the list of designated exchanges under Canada's Income Tax Act.
In 2005, the Canadian government removed the foreign content limit on tax-deferred
retirement plans prompting an increasing number of Canadian investors to look
to foreign securities listed on foreign exchanges to enhance their returns and
diversify the investments held in their Canadian Registered Retirement Savings
Plans (RRSPs) and Deferred Profit Sharing Plans (DPSPs).
Securities listed on a designated exchange are eligible to be held in these
assets, meaning that official recognition of the BSX will open up the opportunity
for Canadian investors to include BSX listed securities in these investment
portfolios.
While the Designation status is not an endorsement or recommendation of individual
securities listed and traded on the BSX, it is an acknowledgement by the Canadian
government that these securities trade on a well-governed, regulated and transparent
market which allow them to be qualified investments for tax-deferred retirement
plans in Canada.
Announcing the news, Greg Wojciechowski, BSX President and Chief Executive
Officer said: "The BSX is delighted to have achieved and been granted this
very important designation by Canada’s Minister of Finance. Following
the implementation of a Tax Information Exchange Agreement between Bermuda and
Canada this summer, designation of the BSX by the Minister is very welcome news.
I am confident that these important developments will deepen the longstanding
cultural, commercial and capital market ties between our countries. We are grateful
to Canada’s Department of Finance for the guidance that has been provided
to us during the designation process.”
A comprehensive report in our Intelligence Report series
titled "The Lowtax International Pensions Report" which has an
in depth view on The Mechanics of Pensions Provision, 'High-Tax' Country Pension
Regimes and 'Lowtax' Jurisdictions In Which To Locate Pensions Savings, is available
in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp
and a description of the report can be seen at
http://www.lowtaxlibrary.com/asp/description_report14.asp
|
|
|
|
| THE LOWTAX LIBRARY
One of the web's largest and
most authoritative business and investment information sources. Alongside
topical, daily news on worldwide
tax developments, you can receive weekly newswires or
access up-to-date intelligence
reports on a range of legal, tax and investment subjects.
FREE TRIAL NEWS SUBSCRIPTION
Our 16 constantly updated
intelligence reports cover every important aspect of 'offshore' and international
tax-planning in depth, including banking secrecy, the EU's savings tax
directive, offshore funds, e-commerce, offshore gaming and transfer pricing.
Reports are available for immediate downloading or as subscription
services with news pages.
|
|
 |
|
LAWANDTAX-NEWS.COM
