China’s Capital Controls – Implications for China Focused Companies
In late November 2016, following speculative reports of increased restrictions on capital outflows, four Chinese government agencies, including National Development and Reform Commission (NDRC), Ministry of Commerce (MOFCOM), State Administration of Foreign Exchange (SAFE) and People’s Bank of China (PBOC) issued a joint statement which stated that outbound investment deals will be subject to strict reviews. The statement was followed by further communication from SAFE, and other developments to slow renminbi (RMB) outflows…
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Shifting Gears – Canada to Consider New Motor Vehicle Equipment Regulations to Help Prevent Auto Theft
Transport Canada announces plan to update safety standards to combat auto theft.
Budget 2024: Legislative Changes of Note for Investment Funds
In Budget 2024, the Government acknowledges that the restrictions placed on the property that may be held by registered plans have become unduly complex.
Budget 2024: Clean Energy Incentives and Resource Sector Measures
Budget 2024 prioritizes Canada’s transition to a net-zero economy and contains several measures aimed at facilitating that ongoing transition.
Budget 2024: Synthetic Equity Arrangement Restrictions Tightened
Budget 2024 proposes to tighten the “synthetic equity arrangement” anti-avoidance rule by eliminating the no “tax-indifferent investor” exception.
Budget 2024: Increases in the Taxation of Capital Gains
Budget 2024 proposes to significantly change how capital gains are taxed under the Income Tax Act (Canada).
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