Interpretation Bulletins and Information Bulletins

Introduction Bulletin, August 2007

What's New

As announced in the May 9, 2001 Ontario budget, corporate income and capital tax information and interpretation bulletins have been revised to remove obsolete information and to update statutory references. The revised bulletins will be available on the Internet as they are completed, in both English and French. This is the first step in a major overhaul of these bulletins. Over the next two years, new bulletins will be issued, incorporating current legislation, interpretation, rulings and court decisions, and reflecting current trends and developments in the corporate community. These bulletins will be organized by topic and will be updated on a timely basis.

Revised Bulletins

As an initial step, all of the old bulletins have been rescinded, which included approximately 75 bulletins. The old interpretation bulletins had publication numbers in the 2600 series or form numbers with an L included (e.g., L-7R). The old information bulletins had publication numbers in the 2700 series or form numbers with two digits, a hyphen, and two more digits (e.g., 13-78).

The revised interpretation bulletins are identified with a new numbering in the 3000 series and the revised information bulletins are identified with a new numbering in the 4000 series to help distinguish them from the old bulletins. All of the revised bulletins have a reference to the old bulletin(s) that they are replacing. Initially, there will be 29 bulletins in total, 19 interpretation bulletins and 10 information bulletins. Please refer to the table of contents which appears later in this document for a listing of the revised interpretation and information bulletins.

As previously stated, the old bulletins have been revised to remove obsolete information. Since many of the old information bulletins were similar to budget announcements, the majority of that information would have been superceded by further budget changes and thus is obsolete. In some cases, where the bulletin contained a budget announcement that is still in effect but is common knowledge and occurred some time ago (i.e., the adoption of the half-year rule for capital cost allowance), this information has also been rescinded as it does not provide readers of the revised bulletins with additional useful information.

Benefits

The revised bulletins have a new look which is easier to read and to use for quick reference purposes. Each bulletin has a telephone contact number in case additional information or interpretation is required regarding subject matter in that bulletin. The bulletins have also been organized by topic, where possible, as an initial step in the major overhaul of the bulletins which will take place over the next two years.

For More Information

If you have any general questions on the revised bulletins, please call 905 433-6513.