The proposed legislation, which is included in Bill C-31 (Budget Bill #2), introduces new changes to the immediate expensing rules and the dividend suspension rules. In addition, the proposed legislation includes tax measures related to areas including clean economy incentives, the 21-year anti-avoidance rule for indirect transfers to trusts, global minimum tax, and the CRA’s expanded audit powers, among others. The proposed legislation, which is included in Bill C-31 (Budget Bill #2), introduces new changes to the immediate expensing rules and the dividend suspension rules. In addition, the proposed legislation includes tax measures related to areas including clean economy incentives, the 21-year anti-avoidance rule for indirect transfers to trusts, global minimum tax, and the CRA’s expanded audit powers, among others.
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