On November 21, 2012, Bill C-48, the Technical Tax Amendments Act, 2012, received first reading in the House of Commons. Bill C-48 includes, among numerous outstanding technical amendments to the Income Tax Act (Canada) (the “Act”), a revised version of the proposed amendments to the tax rules relating to non-resident trusts (“NRTs”) in section 94 of the Act (the “Current NRT Proposals”). (...)

type Revised NRT Rules Expand Exemptions for Mutual Funds and Commercial Trusts (en anglais)