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Buzz Archive:
Canada's Federal Budget Scores in Overtime for the Technology Community

by Thomas A. Houston and Andrea C. Johnson of Fraser Milner Casgrain LLP, 6/1/2010

The 2010 Canadian federal Budget introduced a proposed amendment to the Income Tax Act (Canada) ("ITA") that will remove a major practical barrier to direct investments by U.S. and other foreign VC and private equity firms in Canadian technology companies by alleviating certain notification requirements to the Canada Revenue Agency.

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