Canada's Department of Finance published draft legislation on 29 August 2014 that includes tax measures from Economic Action Plan 2014, which was issued in February, as well as other outstanding tax legislation.
Key items include:
- Expand eligibility for the accelerated capital cost allowance for clean energy generation and energy conservation to include water-current energy equipment and a broader range of equipment used to gasify eligible waste
- Amend the foreign affiliate dumping rules
- Ad…