Practitioner's Income Tax Act

The market-leading consolidated, annotated version of the Federal Income Tax Act in Canada

Practitioner's Income Tax Act (PITA) is the market leading consolidated, annotated version of Canada's federal Income Tax Act and Regulations. More than any other published Income Tax Act, it's a comprehensive resource, with expert insights, detailed annotations and up-to-date amendments - all in a portable, search-easy, single-volume format. It also features extensive tax rate tables and the full text of the Canada-U.S. and Canada-U.K. Tax treaties with detailed annotations and explanations. Available in many other formats

What's New

  • Enactment of S.C. 2019, c. 29 (Bill C-97, Budget Implementation Act, 2019, No. 1, Royal Assent June 21, 2019): certain Budget 2019 tax measures and proposals of Nov. 21, 2018 and Jan. 15, 2019
  • Enactment of S.C. 2019, c. 13 (Bill C-59, National Security Act, 2017, Royal Assent June 21, 2019): consequential amendment to ITA 241(9)
  • Enactment of S.C. 2019, c. 12 (Bill C-82, Multilateral Instrument in Respect of Tax Conventions Act, Royal Assent June 21, 2019)
  • David Sherman’s Notes summarizing the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) — enacted in Canada by Bill C-82 (S.C. 2019, c. 12, Royal Assent June 21, 2019), effectively amending dozens of Canada’s tax treaties
  • May 27, 2019 draft legislation and explanatory (technical) notes: Employee Life and Health Trusts
  • March 19, 2019 Federal Budget Notice of Ways and Means Motion: extensive proposed amendments and Budget Supplementary Information excerpts
  • New Department of Finance comfort letters, Remission Orders, government news releases indicating possible legislative amendments

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

"Practitioner's Income Tax Act is a tremendous resource and always my starting point when I am considering any new tax problem. Its very extensive and up-to-date annotations coupled with detailed cross-referencing make it an invaluable reference work that I would not want to be without."
– the late Robert McMechan, HazloLaw

"I have been using the Practitioner's Income Tax 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. As well, almost every time I read the notes, I either learn something new or am reminded of something I had forgotten."
– Birju Shah, Senior Manager, International Corporate Tax, KPMG LLP

"I've had several occasion to compare my PITA with other Acts in the market. Often, the answer to an issue has been cited in the PITA Notes, but not in the other version. I can't ever recall finding a useful reference the PITA didn't have. That has made my choice obvious for many years."
– Hugh Neilson, Director, Taxation Services, Kingston Ross Pasnak LLP

“Sherman’s Notes in the Practitioner’s Income Tax Act are outstanding and often provide an invaluable shortcut to doing hours of painstaking research...He not only summarizes the law, but recent cases and CRA technical interpretations of relevance. There’s, quite frankly, no comparison on the market.”
– Jamie Golombek, Managing Director, Tax & Estate Planning, CIBC Private Wealth Management

“A unique work that 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

“I have been using the Practitioner’s Income Tax Act for many years now. The Notes are the best starting point for any tax research. A must!”
– Jacques Bernier, Partner, Bennett Jones LLP