Practitioner's Income Tax Act is a comprehensive resource with expert insights, detailed annotations, and updated amendments – all in a portable, two-volume format. It features extensive tax rate tables and the full text of the Canada-U.S. and Canada-U.K treaties.

New developments in this edition include:

Bill C-59 (First Reading Nov. 30, 2023), Fall Economic Statement Implementation Act, 2023: Implements a Notice of Ways and Means Motion tabled on November 28, 2023 to enact certain provisions of the Fall Economic Statement, certain outstanding provisions of the 2023 Federal Budget, and other measures (throughout the Act and Regulations)
December 20, 2023 draft legislation: Clean Hydrogen Investment Tax Credit (ITA 127.48), Clean Technology Manufacturing Investment Tax Credit (ITA 127.49) and consequential amendments; measures relating to concessional loans (ITA 12(1)(x)(ix), etc.), short-term rentals (ITA 67.7) and international shipping (ITA 81(1)(c.1), etc.)
November 21, 2023 Fall Economic Statement: Excerpts from chapters and Supplementary Information outlining measures including: Clean Hydrogen and Clean Technology ITC details (ITA 127.48, 127.49); Clean Technology and Clean Electricity ITCs – equipment using waste biomass (ITA 127.45, Reg. 1104(17)); Canadian Journalism Labour Tax Credit increase (ITA 125.6(2)); capital gains exemption – employee ownership trust (ITA 248(1)“employee ownership trust”)
August 4, 2023 draft legislation: Measures not later included in Bill C-59, including minimum tax (ITA 127.51–127.55) and technical amendments (throughout the Act and Regulations)
November 24, 2023 Federation of Law Societies release: Temporary injunction obtained against mandatory reporting obligations in ITA 237.3 and 237.4 applying to legal counsel (ITA 237.3(2))
Various announcements from Finance, CRA, and other government departments providing administrative relief, etc. and indicating possible legislative amendments

Why do thousands of practitioners select the Practitioner's Income Tax Act over any other income tax act?

"Practitioner's Income Tax Act is...an invaluable reference work that I would not want to be without."

– The late Robert McMechan, HazloLaw

"I have been using (this act) for a number of years now, and every time I read a provision, I make sure that I read the related notes, which are incredibly useful..."

– Birju Shah, Senior Manager, International Corporate Tax, KPMG LLP

''...Often, the answer to an issue has been cited in the PITA Notes but not in the other version. That has made my choice obvious for many years."

– Hugh Neilson, Director, Taxation Services, Kingston Ross Pasnak LLP

“...There’s, quite frankly, no comparison on the market.”

– Jamie Golombek, Managing Director, Tax & Estate Planning, CIBC Private Wealth Management

“A unique work is an essential tool and always at my fingertips. I can’t imagine my tax litigation practice without it.”

– David Chodikoff, Partner, Miller Thomson LLP

“...The Notes are the best starting point for any tax research. A must!”

– Jacques Bernier, Partner, Bennett Jones LLP

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Practitioner's Income Tax Act 2024, 65th Edition

Practitioner's Income Tax Act 2024, 65th Edition