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Your will be assigned one of three topics discussed in the Federal government tax paper attached.
(3) Converting income into capital gains
There has been much discussion about these topics among the accounting and tax community. Please do not report on the discussions. Your report (maximum 5 pages) needs to first present what the government is attempting to do. What are the current rules (check out the tax act)? What changes were initially proposed (per the attached report)? What is the current status? (Have the rules changed? Have they been dropped? Are they enacted?)
All of your report should be based on fact not on the various interest groups. Please remember to provide references/citations and do not copy and paste. If you do quote something – you should be able to understand and explain what it