PMAC wrote to the Minister of Finance and National Revenue proving proposed amendments to the Amend the Income Tax Act (ITA.
Including:
- Amend the Income Tax Act (ITA) to allow pooled investment funds to merge
on a tax-deferred basis and to invest internationally without restriction - Implement the policy proposals released by the Canadian Asset
Management Entrepreneurial Alliance - Review and revise the Qualified Investment (QI) rules in the ITA to address
unintended consequences- Allow registered plans to temporarily hold non-QIs in certain circumstances
- Extend QI lending permitted in registered plans pursuant to a fully paid securities lending program to registered investments
- Limit trustee liability in respect of a registered plan that holds a non-QI
Read more here.