Stikeman Income Tax Act Annotated 2019, 66th Edition

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

Editor-in-Chief: Richard W. Pound, O.C., O.Q., Q.C., F.C.A

Stikeman Income Tax Act Annotated (SITA) is a completely consolidated, annotated version of Canada's federal Income Tax Act, Regulations and Application Rules. SITA 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.

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

Table of Contents

  • Introduction
  • Table of Amending Acts
  • Table of Proposed Amendments
  • Table of Department of Finance Comfort Letters
  • Cases of Interest
  • Tax Rates and Credits
  • Overview Table of Sections: Income Tax Act
  • Detailed Table of Sections
  • Income Tax Act, Annotated
  • Table of Sections: Income Tax Application Rules
    • Income Tax Application Rules
    • Income Tax Regulations
    • Table of Sections
    • Parts I to XCIV
    • Schedules I to VII
    • Proclamation Fixing Valuation Days
    • Schedules VIII to X
  • Tax Conventions
    • Income Tax Conventions Interpretation Act 
    • Canada–United States (including Technical Explanation) (as amended by Protocols signed in 1983, 1984, 1995, 1997 and 2007)
    • Canada–United States Enhanced Tax Information Exchange Agreement
    • Canada–United Kingdom (as amended by Protocols signed in 1980 and 1985) 
    • Current Status of Tax Treaties 
  • Interpretation Act 
  • Index