I think the simple answer is the amendments—and there's a whole suite of amendments throughout part 1 of the bill—implement the taxation rules that ensure that a PRPP is operated in the way intended, for Income Tax Act purposes.
November 21st, 2012 / 8:25 p.m.
Senior Legislative Chief, Tax Legislation Division, Tax Policy Branch, Department of Finance
I think the simple answer is the amendments—and there's a whole suite of amendments throughout part 1 of the bill—implement the taxation rules that ensure that a PRPP is operated in the way intended, for Income Tax Act purposes.
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