{"id":923,"date":"2013-10-15T16:51:46","date_gmt":"2013-10-15T16:51:46","guid":{"rendered":"https:\/\/thor.ca\/\/blog\/?p=923"},"modified":"2013-10-15T17:02:10","modified_gmt":"2013-10-15T17:02:10","slug":"department-of-finance-tax-related-quick-update-report","status":"publish","type":"post","link":"https:\/\/www.thor.ca\/blog\/2013\/10\/department-of-finance-tax-related-quick-update-report\/","title":{"rendered":"Finance releases significant draft tax legislation"},"content":{"rendered":"<p>On September 13, 2013 the Department of Finance released significant draft legislative proposals. The attached <a href=\"http:\/\/thor.ca\/blog\/wp-content\/uploads\/2013\/10\/Quick-Update-Report-Draft-Legislation-September-13-2013.pdf\">Quick Update Report<\/a> outlines the corporate tax-related items in this release, which<\/p>\n<ul>\n<li>target derivative transactions whose purpose is to convert ordinary income into a capital gain;<\/li>\n<li>target transactions that economically dispose of property without changing ownership;<\/li>\n<li>phase out accelerated deductions for the mining industry;<\/li>\n<li>restructure and expand corporate attribute-trading restrictions; and<\/li>\n<li>expand existing thin capitalization rules to restrict interest expense for Canadian branches of non-resident corporations.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>On September 13, 2013 the Department of Finance released significant draft legislative proposals. The attached <a href=\"http:\/\/thor.ca\/blog\/wp-content\/uploads\/2013\/10\/Quick-Update-Report-Draft-Legislation-September-13-2013.pdf\">Quick Update Report<\/a> outlines the corporate tax-related items in this release, which<\/p>\n<ul>\n<li>target derivative transactions whose purpose is to convert ordinary income into<\/li>\n<\/ul>\n<p>&hellip;<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-923","post","type-post","status-publish","format-standard","hentry","category-corporate-tax"],"_links":{"self":[{"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/posts\/923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/comments?post=923"}],"version-history":[{"count":0,"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/posts\/923\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/media?parent=923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/categories?post=923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/tags?post=923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}