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International Restructuring Newswire
Welcome to the Q2 2024 edition of the Norton Rose Fulbright International Restructuring Newswire.
Canada | Publication | June 4, 2020 - 12 PM ET
The securities regulatory authorities in Alberta, British Columbia, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan and Yukon recently published temporary blanket relief providing automatic extensions from certain financial statement and information delivery requirements (the Relief).
The Relief provides a 60-day extension for periodic filings normally required to be made between June 2, 2020, and September 30, 2020, to certain market participants, including registered dealers, registered advisers and registered investment fund managers.
The Relief essentially extends the previously issued temporary blanket relief that applied to obligations falling during the period between March 23, 2020, and June 1, 2020 (the Previous Relief). Registrants that have already relied on the Previous Relief to extend an applicable deadline for any financial statement or information delivery requirements occurring on or before June 1, 2020, may not rely on the Relief to further extend that deadline. The conditions of the Relief are substantially the same as those applicable to the Previous Relief.
Quebec and Manitoba have separately issued temporary blanket relief from certain financial statement and information delivery requirements for registrants in those jurisdictions.
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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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