Ernst & Young guide hits hottest tax topics



    TORONTO, Feb. 11 /CNW/ - Ernst & Young smoothes out crunch-time bumps for
Canadian tax professionals with an updated version of their annual tome on
personal tax returns: Ernst & Young's Guide to Preparing 2007 Personal Tax
Returns.
    This year's edition is filled with updates on new rules and hot topics,
including:

    
    -   pension income splitting
    -   eliminating capital gains on gifts of public company shares to
        private foundations
    -   RESP rule changes
    -   increased capital gain deduction limits for small business shares and
        farming/fishing property
    

    "This is such a busy time of year," notes Gena Katz, tax executive
director at Ernst & Young. "This guide saves you time by collecting the newest
updates and comprehensive guidelines in one easy-to-use resource."
    Ernst & Young's Guide to Preparing 2007 Personal Tax Returns is published
by the Canadian Institute of Chartered Accountants each year. The guide is
available in both print and online editions. The print edition includes a
reference CD that contains a searchable version of the book, along with all
referenced source materials. The Internet edition reproduces all materials in
the print edition and links to more than 50,000 cross-referenced documents,
thousands of CRA rulings and cases, legislative references and Department of
Finance explanatory notes.
    To order a copy of Ernst & Young's Guide to Preparing 2007 Personal Tax
Returns, go to knotia.ca/store/07t1eypr

    About Ernst & Young

    Ernst & Young is a global leader in assurance, tax, transaction and
advisory services. Worldwide, our 130,000 people are united by our shared
values and an unwavering commitment to quality. We make a difference by
helping our people, our clients and our wider communities achieve potential.





For further information:

For further information: Megan Bailey, megan.bailey@ca.ey.com, (403)
206-5037; Kelly Peace, kelly.peace@ca.ey.com, (416) 943-3662; Amanda Olliver,
amanda.olliver@ca.ey.com, (514) 879-6556; Julie Fournier,
julie.fournier@ca.ey.com, (514) 874-4308


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