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International Restructuring Newswire
Welcome to the Q2 2024 edition of the Norton Rose Fulbright International Restructuring Newswire.
Global | Publication | December 2020
On December 10, 2020, the parliament adopted draft bill 7719 amending Article L. 222-9 of the Labour Code and increasing the minimum social wage by 2.8 per cent.
This new legal provision, which shall come into effect as of January 1, 2021, will have the following consequences:
The current index - 834.76 - remains unchanged.
Amidst Covid-19 pandemic crisis, the government decided as per draft bill 7718 upon a one-time lump-sum capital grant of 500 EUR per employee whose monthly salary is greater than or equal to the minimum social wage and less than or equal to the qualified minimum social wage. Such aid will be granted to certain companies for its employees hired before 31 December 2020 and in service during the first half of 2021. This draft bill is however yet not adopted.
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Welcome to the Q2 2024 edition of the Norton Rose Fulbright International Restructuring Newswire.
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The Canadian Federal Budget 2024 proposes to broaden the scope of certain powers allowing CRA to request information from taxpayers, and sets out new consequences for non-compliant taxpayers.
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The alternative minimum tax is an additional income tax imposed under the Income Tax Act on individuals and certain trusts who would otherwise be able to reduce their ordinary Canadian federal income tax through the use of certain deductions, exemptions or credits.
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