Ilana Ludwin

New Digital Services Tax Act raises trade retaliation risk for Canadian exporters

Canada’s Digital Services Tax Act imposes a 3% tax on digital services revenue, but could prompt retaliatory tariffs by the United States.

Canada’s digital services tax enters into force

The Digital Services Tax Act (DSTA) entered into force on June 28, 2024, pursuant to an Order in Council (OIC) of that date. The DSTA was enacted by...

Canadian government moves ahead with Global Minimum Tax Act

Canada’s Pillar Two legislation, the Global Minimum Tax Act, is introduced in Parliament. In their Update, Patrick Marley, Oleg Chayka, Ilana...

Department of Finance releases consultation papers on patent box regime and SR&ED

The Department of Finance opened two consultations regarding a new patent box regime and the existing SR&ED program with comments due by April 15.

OECD releases third administrative guidance on Pillar Two and confirms delay of the Pillar One timeline

The OECD has published the third administrative guidance on Pillar Two and has confirmed the delay of the Pillar One timeline.

CRA revises and expands its guidance on mandatory disclosure rules

On November 2, 2023, the Canada Revenue Agency (CRA) revised and expanded its guidance on the Canadian mandatory disclosure rules. The most important...

Canadian mandatory disclosure rules update: first list of designated notifiable transactions released

First list of designated notifiable transactions under the Canadian mandatory disclosure rules published.

Draft Canadian Pillar Two global minimum tax legislation and revised DST legislation

The Department of Finance released draft legislation implementing two key measures of the OECD’s Pillar Two global minimum tax in Canada: the...