IAM FINANCE LOCAL 2603 SHOP STEWARDS

In our July 2024 update, we mentioned that we were waiting for amendments to federal Income Tax Regulations (ITR). We are pleased to share that these amendments were approved and implemented in March 2025. While there are still several steps and approvals needed before we can offer voluntary separation packages (VSPs) to employees or make…

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The tentative Share Trust Repurposing Agreement has been sitting with CRA since June 2022. The parties are seeking a presumptive tax ruling on how CRA will treat all monies from the share sales for future taxation purposes. At this time we do not know how the shares will be taxed. This is the reason for…