Stikeman Income Tax Act Annotated 2025, 78th Edition is an invaluable resource that 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 developments in this edition include:

Bill C-4, Making Life Affordable for Canadians Act (First Reading June 5, 2025; Second Reading June 12, 2025): Reduction in the lowest tax bracket from 15% to 14.5% for 2025 and 14% for 2026 et seq. (ITA 117(2))
June 30, 2025 draft legislation: Carbon tax rebate for small businesses to be non-taxable (ITA 127.421)
April 2025 Liberal Party election platform: Pre-election excerpts describing possible future amendments (throughout the Act and Regulations)
February 21, 2025 draft legislation: Electric vehicle supply chain investment tax credit (ITA 127.492, etc.)
P.C. 2025-278: Amendment to the regulation prescribing the Air Canada employee trust for the RCA rules (Reg. 6802(h))
P.C. 2025-400: Amendment to the regulation listing the prescribed northern zones to move Haida Gwaii to the northern zone (Reg. 7303.1(1), (2))
Various announcements from Finance, CRA, and other government departments providing administrative relief, etc. and indicating possible legislative amendments

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Stikeman Income Tax Act Annotated 2025, 78th Edition

Stikeman Income Tax Act Annotated 2025, 78th Edition