New Rules for Designated Stock Exchanges Offer More Choice, Lower Tax Barriers for Canadians
The following News Release or Speech has just been posted on the Finance Canada Site.
Ottawa, July 2, 2008
2008-049The Honourable Jim Flaherty, Minister of Finance, today released new guidelines for stock exchanges that seek to become Designated Stock Exchanges for income tax purposes. The guidelines will provide greater transparency and increased opportunities for investors, and will improve the ability of Canadian capital markets to respond to global market developments.
“With today’s release of principles that will guide our government’s official designation of domestic and foreign stock exchanges, Canadians can make informed investment decisions confident that securities trade on well-governed, regulated and transparent markets,” said Minister Flaherty. “At the same time, foreign exchanges can now rely on clear rules in their efforts to attract Canadian investments.”
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