Article Posted date17 April 2024
1 min read
In particular, the budget introduces several changes that may have an important effect on the reporting obligations of financial institutions, including banks, insurance companies and asset managers, such as:
- Crypto-Asset Reporting Framework and Common Reporting Standard.
In addition, several other 2024 federal budget measures are expected to affect asset management companies, who may want to review changes related to:
- Qualified investments
- Mutual fund corporations
- Synthetic equity arrangements
- Interest deductibility — Purpose-built rental housing
- Mineral Exploration Tax Credit flow-through shares
- Capital gains inclusion rate.
Download this edition of the TaxNewsFlash to learn more.
