Canada's Department of Finance has announced the introduction of legislation, Bill C-15, to implement the measures of Budget 2025 (previous coverage). The legislation also provides for the formal repeal of the Digital Services Tax and certain other measures. The measures are summarized in the legislation as follows:
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SUMMARY
Part 1 implements certain measures in respect of the Income Tax Act and the Income Tax Regulations by
(a) expanding the rollover for small business corporation…