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| 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
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| 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. |
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| Canadian Corporate Tax Filing Rules Amended |
by Mike Godfrey, Tax-News.com, Washington
Monday, December 19, 2011
Canada's corporate partnership tax deferral rules are to be amended to extend
the time available to companies to file an alignment election.
The existing regime allows corporate partners to elect to align the fiscal period
of their partnership with the taxation year of one of their corporate partners
or, in the case of a tiered-partnership structure, to a common fiscal period
for all partnerships in the structure.
Under current provisions, set out in the Keeping Canada’s Economy and
Jobs Growing Act, some corporate partners would have had to file the election
as early as September 23, 2011.
Instead, under the plans announced by the Minister of Finance Jim Flaherty,
late alignment elections will be treated as having been filed on time if the
election is filed on or before January 31, 2012.
In addition, the Income Tax Act will be amended and clarified to refer to the
year “2012” rather than “2011”.
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| THE LOWTAX LIBRARY
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Reports are available for immediate downloading or as subscription
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