The Minister of Finance, the Minister of Justice and the Attorney General of Canada have invited the public to comment on proposed changes to the Tax Court of Canada’s Rules.
If adopted, the proposals would:
- increase the Tax Court’s Informal Procedure limit to $25,000 or where a loss does not exceed $50,000 (the current limit is $12,000 or to $24,000 for a loss);
- allow the Tax Court to resolve issues independently; and
- provide a decision that bind a group of appeals regarding substantially similar transactions.
The Department of Finance may release draft legislation related to the proposals.
The deadline for submissions is December 16, 2011.
Interested readers can read the official news release Government Invites Comments on Proposals to Improve the Caseload Management of the Tax Court of Canada.