Running Out of Options
Highlights
Proposed Change to Preferential Tax Treatment for Stock Options
New annual cap of $200,000 on options granted by large, mature companies that will be eligible for the 50% tax deduction.
Extension of Foreign Affiliate Dumping Rules
Foreign affiliate dumping rules extended to Canadian resident corporations controlled by non-resident individuals and trusts.
Taxation of Mutual Fund Trusts
Proposed rules may deny a deduction to a mutual fund trust of a portion of capital gains and income attributed to redeeming unitholders.
Withholding Tax on Cross-Border Securities Lending Arrangements
Proposed rules will ensure non-residents cannot avoid withholding tax on dividends from Canadian corporations by entering into securities lending arrangements in respect of shares of Canadian resident corporations.
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