International Trade International Trade

Canadian mandatory disclosure rules update: implementing bill and explanatory notes

Significant development for Canada’s income tax mandatory disclosure rules: implementing bill and explanatory notes released

OECD releases guidance for Pillar Two, including GILTI coexistence and QDMTT design

The OECD released administrative guidance for implementing the global minimum tax under Pillar Two, including GILTI coexistence and QDMTT design.

Trade law, sanctions and export controls in a new era of global geopolitics

In 2021, “maintaining the status quo” was the defining feature of the Canadian trade landscape.

Draft federal tax legislation package released

On August 9, 2022, the Canadian federal government released a package of draft legislation to implement various tax measures, update certain...

Budget 2022 Bill beefs up economic sanctions legislation

Amendments to Canada’s economic sanctions rules proposed in Budget 2022 have now received royal assent.

Canada bans Russian gold imports and export of various manufacturing services, and designates ‘disinformation agents’

As the Russian invasion of Ukraine enters the half-year mark, Canada announces further sanctions prohibiting the import of certain gold products from...

Canadian anti-hybrid rules and EU debt equity bias reduction allowance

Recent EU tax measures extend to taxpayers the benefit of notional interest deductions on equity while Canada targets certain notional interest...

Canadian sanctions laws: key considerations for loan transactions

Canadian sanctions on Russia following its invasion of Ukraine include the prohibition of providing financial services to certain persons and...