Comments to Canadian Regulations on Reporting of Restricted Input Tax Credits

March 7, 2011 On March 7, 2011, TEI filed comments with the Canadian Department of Finance and Canada Revenue Agency recommending amendments to the Harmonized Value-added Tax System regulations to make the reporting of restricted input tax credits administrable. The comments were prepared under the aegis of the Institute's Canadian Commodity Tax Committee, whose chair is Kim N. Berjian of Conoco Phillips Canada. Materially contributing to the preparation of the comments were fellow committee members Carol Felepchuk of TD Bank Finance Group, and Michael Willis of Lefarge Canada, Inc. Daniel B. De Jong, TEI Tax Counsel, serves as legal staff liaison to the committee.