This invaluable resource combines expert insight, comprehensive annotations, up-to-date amendments, and proposed changes to the federal Income Tax Act.

Stikeman Income Tax Act Annotated (SITA) is a completely consolidated, annotated version of Canada's federal Income Tax Act, Regulations, and Application Rules. This text features full History annotations for each provision of the Act, including former readings. It includes Selected Cases annotations prepared by Richard Pound that concisely summarize judgments relevant to specific provisions of the Act.

All the newest draft legislation is fully indexed and annotated with detailed annotations for Related Provisions, Definitions, and Regulations. In addition, the Department of Finance technical notes are included for all draft legislation.

New in this edition

• S.C. 2020, c. 11 (Bill C-20), An Act respecting further COVID-19 measures: Canada Emergency Wage Subsidy (CEWS) extended, deadlines extended by Time Limits and Other Periods Act (TLOPA)
• S.C. 2020, c. 12 (Bill C-4), COVID-19 Response Measures Act: Canada Recovery Benefit (CRB) measures
• S.C. 2020, c. 13 (Bill C-9), An Act to amend the Income Tax Act (Canada Emergency Rent Subsidy and Canada Emergency Wage Subsidy): Canada Emergency Rent Subsidy and changes to CEWS
• Bill C-14 (First Reading Dec. 2, 2020), Economic Statement Implementation Act, 2020: certain COVID-19 support provisions of the Fall Economic Statement and the Nov. 19, 2020 CERS draft legislation
• November 30, 2020 Economic Statement: draft legislation and other announcements (some integrated in Bill C-14)
• Draft legislation and explanatory (technical) notes released on Nov. 27, 2020 (employee life and health trusts), Dec. 15, 2020 (zero-emission vehicles), Dec. 16, 2020 (extension for spending capital raised via flow-through shares); Dec. 21, 2020 (automobile standby charge for employees), Jan. 19, 2021 (child care expenses and the disability supports deduction)
• September 23, 2020 Speech from the Throne excerpts indicating future amendments
• Various sets of amending regulations to change and extend the CEWS to March 2021
• Various announcements from Finance, CRA and other government departments providing COVID-19 administrative relief and indicating possible legislative amendments

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