In terms of the implementation of the agreement and Bill C-24, no mention was ever made of how, in the case of companies...Since 2002, in keeping with a generally accepted accounting and taxation principle, charges paid have presumably been tax deductible in the current fiscal year. Now, I would imagine that companies will be receiving a refund in one lump sum, or almost, paid over the course of the same fiscal year.
Has Revenue Canada, working with the other departments concerned, ever considered paying the refund in separate instalments or applying it to the fiscal years in which expenses were incurred, so that companies, even if they can and do defer losses, are not necessarily taxed in the same fiscal year?