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Notice PaperNo. 39 Thursday, April 14, 2016 10:00 a.m. |
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Private Members' Business |
M-42 — February 25, 2016 — Mr. Ste-Marie (Joliette) — That, in the opinion of the House, the government should put an end to the widespread tax avoidance practised by many shell companies set up in Barbados by Canadian companies, by amending subsection 95(1) of Income Tax Act and section 5907 of the Income Tax Regulations to specify that no business that is entitled to a special tax benefit conferred by Barbados under the Canada-Barbados Income Tax Agreement Act, 1980, shall be exempt from taxation because of a tax treaty. |