Recent Canadian news releases issued by EY Law:

March 2019

Tax Alerts

  • Yukon budget 2019-20

    No. 07, 8 March 2019

    Yukon Finance Minister Sandy Silver tabled the territory’s fiscal 2019-20 budget on 7 March 2019.
  • Manitoba budget 2019–20

    No. 06, 7 March 2019

    Manitoba Finance Minister Scott Fielding tabled the province’s fiscal 2019-20 budget on 7 March 2018.

February 2019

Tax Alerts

  • Québec: Further phasing out of ITR restrictions

    No. 05, 21 February 2019

    The restrictions on obtaining an input tax refund (ITR) applicable to large businesses have been gradually phased out since 1 January 2018. Accordingly, large businesses concerned must once again update their procedures as of 1 January 2019 and increase the rate of the ITRs they claim in respect of restricted expenses from 25% to 50%.

    As a result, with respect to taxable benefits provided to employees in 2018, registered employers that are deemed to be large businesses are required to include in the calculation of their net tax to be remitted 25% of the tax arising from taxable benefits related to expenses subject to the restrictions applicable to ITRs.
  • Nunavut budget 2019–20

    No. 04, 21 February 2019

    Nunavut Finance Minister George Hickes tabled the territory’s fiscal 2019–20 budget on 20 February 2019.
  • British Columbia 2019-20 budget

    No. 03, 19 February 2019

    BC Finance Minister Carole James tabled the province’s fiscal 2019-20 budget on 19 February 2019.
  • Customs compliance verification list update

    No. 02, 19 February 2019

    The Canada Border Services Agency (CBSA) released its semi-annual list of trade compliance verification (audit) priorities in January 2019.

    The CBSA continues to focus on tariff classification as a priority audit area, with the introduction of two new rounds to the list of tariff classification priorities and one new round to the list of valuation verification priorities.
  • Northwest Territories budget 2019-20

    No. 01, 7 February 2019

    Northwest Territories Finance Minister Robert C. McLeod tabled the territory’s fiscal 2019-20 budget on 6 February 2019.

January 2019

Immigration Alerts

  • CA Mobility Immigration Alert

    January 2019

    The Comprehensive and Progressive Trans Pacific Partnership (CPTPP) trade agreement came into force on December 30, 2018. As a result, the Canadian government has implemented new work permit categories that are exempt from labour market testing (i.e., LMIA-exempt). This will open up opportunities for Canadian businesses to employ certain foreign nationals in high skilled occupations and get those resources working in Canada faster.