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Canadian government to amend tax credit legislation

Amendments proposed by the Canadian Senate will restore the financial security of production tax credits, two senators announced today. Under the proposed changes, the Canadian government will not have the power to deny tax credits based on vague guidelines.The non-elected upper chamber has heard from over 50 witnesses in examining the legislation over several weeks. The omnibus tax bill, C-10, threatened to withhold production tax credits should a production be found contrary ...

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