Tax Year in Review 2020

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This Special Report is a compilation of the most significant Canadian tax developments of 2020. It was the year of the pandemic, the year of multiple COVID-19 tax incentives, and the year of massive deficits, both federally and provincially: the year of the CERB, CEWS, and CERS.


The report also highlights measures from the Fall Economic Statement 2020, key personal tax changes, key provincial tax changes, key GST/HST changes, and tax cases of interest.


This report is a one-stop resource for up-to-date analysis of the important tax changes and leading tax cases of 2020. It also provides a comprehensive view of how these changes influence and interact with each other. For various topics, we provide relevant source documents (depending on the topic, it is a combination of documents such as legislation, explanatory notes or other government documents, and cases), so you have everything in one place, and you can fully interpret the proposed changes in context and see how they have evolved through the year.


We are grateful for the contribution of the following writers:


Dentons Canada LLP
Michael Cain—Student-at-Law
Paige Donnelly—Associate
Mark Jadd—Partner
Earl Miller—Counsel
Emeleigh Moulton—Student-at-Law
Miranda Neal—Student-at-Law
Ellery O’Hara—Student-at-LawTony Schweitzer—Partner
Alexandra Terrell—Associate
Jacob Yau—Associate

Wolters Kluwer Canada Limited
Jennifer Corris—Senior Technical Writer
Mark Ho—Senior Technical Writer
Cameron Mancell—Senior Technical Writer
Roderick McBey—Senior Technical Writer
Jacques Roberge—Senior Technical Writer
Peter Tomlinson—Senior Technical Writer

And

M. Lori Adams, M.B.,
J.D.Joseph Frankovic, LL.B., LL.M., Ph.D., CFA

 

Table of Contents

Foreword . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  iii

Table of 2020 Tax Measures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

Other Pending Legislative Proposals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

Bills Presented Before Parliament in 2020 . . . . . . . . . . . . . . . . . . . . . . . 7

Spotlight on Significant Cases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  13

COVID-19 Measures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25

Business Support Measures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  25

Personal Tax Measures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 83

Zero-Emission Vehicles—Accelerated Capital Cost Allowance . . . 93

Fall Economic Statement 2020 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  105

Miscellaneous Personal Tax Changes . . . . . . . . . . . . . . . . . . . . . . . . . .  181

Significant Provincial Tax Changes . . . . . . . . . . . . . . . . . . . . . . . . . . . .  195

Alberta . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  195

British Columbia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 230

Manitoba . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  323

Maritimes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  364

Ontario . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 439

Quebec . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  477

Saskatchewan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 679

Significant Developments in GST/HST . . . . . . . . . . . . . . . . . . . . . . . . .  745

 

For more information, please contact us at 1 800 268-4522.

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UpdatesN/A
FormatBook
Publication DateNov 30, 2020