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Government Releases for Consultation Draft Legislative Proposals Relating to the Income Tax Act and Regulations

|Proposed Changes|Canada
Canada

On 14 August 2012, the Department of Finance released for consultation draft legislative proposals that would implement the following tax measures from Economic Action Plan 2012:


CorporateIncomeTax

-   Expanding the eligibility for the accelerated capital cost allowance for clean energy generation equipment to include a broader range of bioenergy equipment;
-   Phasing out the Corporate Mineral Exploration and Development Tax Credit;

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