Implementation Plan for the Sahtu Dene and Metis Comprehensive ...

ANNEX AProject 11 - 1:Project Manager:Participant/Liaison:Taxation informationRevenue Canada, Taxation (RCT)Department of Finance, Sahtu Tribal Council (STC)Referenced Clauses: 11.6.1ACTIVITIES RESPONSIBILITY TIMING GUIDELINES(in sequence)1. Provide the STC with the name of a RCT after settlementcontact person in the District TaxationlegislationOffice, Edmonton, who will:- answer questions- set up information sessions- provide general information on thetaxation implication for SettlementCorporations and the participants2. If required, prepare an information RCT within 3 months ofdocument outliningdiscussing the issue- the taxation implications for Settlement with the STCCorporations- the taxation implications for Sahtuparticipants who receive funds as aresult of the agreement- acceptable activities and qualifiedinvestments for Settlement Corporations- disbursement requirements- reporting and filing requirements- requirement for books and records- causes for revocation of a SettlementCorporation- taxability of amounts received- RCT's role vis-a-vis SettlementCorporations3. Distribute information document RCT on-goingLegislative/Regulatory Amendments:- After settlement legislation is passed, the Department of Finance will determine if the Income Tax Actwill need to be amendedPlanning Assumptions:- As soon as possible after settlement legislation Revenue Canada, Taxation, will review and discusswith the STC the need for an information document different from that produced pursuant to theGwich'in Implementation Plan.SAHTU IMPLEMENTATION PLAN 35