Tax

Guide to new Canadian trust reporting rules

New rules expand which trusts have to file Canadian returns and what information is required. The first reporting deadline under the new rules is...

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.

CRA releases revised APA guidance

The CRA revised its guidance on Advance Pricing Arrangements, introducing significant updates to criteria for acceptance into the program. The...

OECD releases transfer pricing guidance on a simplified and streamlined approach (Amount B of Pillar One)

The OECD has released its first transfer pricing report on Amount B of Pillar One, which introduces a simplified transfer pricing methodology for...

Guide to Canada’s mandatory disclosure rules

Canada's mandatory disclosure rules were significantly expanded in 2023.

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.

A new era for the Canadian GAAR

Canada’s general anti-avoidance rule (GAAR) operates to negate tax benefits arising from “abusive” tax avoidance transactions.

Transfer pricing proposals infuse Canada’s tax laws with OECD concepts

Canada’s transfer pricing rules ensure that, for Canadian income tax purposes, the pricing of non-arm’s length cross-border transactions adheres...

Revised EIFEL legislation in implementation bill

The Canadian federal government introduced an implementation bill and related explanatory notes on November 30, 2023, that includes the revised EIFEL...

Implementation bill for variety of Canadian tax measures introduced

The Canadian government introduced an implementation bill and related explanatory notes on November 30, 2023, for several tax measures, including the...