Stern Cohen has put together a Bill C-377 information package for Unions in the GTA.
As longtime advisors and service providers to unions, we have been watching Bill C-377 unfold since it was introduced in December 2011 as a private member’s bill. Since the bill received royal assent on June 30, 2015, it will be effective for the 2016 calendar year.
As accountants, we’re greatly aware of the power of the Canada Revenue Agency. The CRA has the authority to penalize those who fail to comply with Canadian taxation law. As advisors to unions, we feel it’s our duty to make you aware of the risks so that unions can take measures to minimize their exposure.
We hope you find this information package useful. If you would like more information or further assistance, please contact us directly.