Tax

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...

Canada introduces legislation to implement clean technology and carbon capture tax credits and provides update on remaining clean energy tax credits

The Canadian federal government has introduced an implementation bill and provided further details of its clean energy initiatives.

Fall Economic Statement 2023

The Fall Economic Statement updates previously announced tax measures and proposes new tax measures.

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...

Ontario enhances the HST rebate for purpose-built rental properties

On November 1, 2023, Ontario announced that it would increase the harmonized sales tax (HST) rebate on qualifying purpose-built rental housing in...

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.

Osler submission on Canada’s draft Global Minimum Tax Act

On August 4, 2023, the Department of Finance released draft legislation implementing two key measures of the OECD’s Pillar Two global minimum tax...