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On January 28, 2011, the Department of Finance released its initial response to industry calls for clarification and modification of proposed draft legislation and regulations in respect of the harmonized sales tax ("HST") by financial institutions
The Toronto Financial Services Alliance (TFSA), a public private partnership of federal, provincial and municipal governments and leading financial institutions and entities, has made submissions to the federal and provincial governments as part of the annual pre-budget consultation process
On May 16, 2008, the Tax Court of Canada released its judgments in American Income Life Insurance Company v. The Queen and Knights of Columbus v. The Queen
