International Trade International Trade

Canadian federal government releases significant package of draft tax legislation

Finance Canada releases significant draft tax legislation, including new limits on interest deductions and expanded CRA audit powers.

CUSMA panel issues decision on Canada’s interpretation of dairy tariff rate quotas under Agreement

Certain supply management practices in Canada’s dairy industry violate its commitments under the new Canada-United States-Mexico Agreement, the...

OECD releases model rules for global minimum tax

The OECD released model rules for the proposed global minimum tax under Pillar Two of the OECD/G20 Inclusive Framework.

Trade regulation in 2021: A year of evolution

In many ways, maintaining the status quo was the defining feature of the 2021 trade landscape. There was a Canadian federal election, but very little...

Loblaw Financial wins tax appeal at Supreme Court of Canada

Loblaw Financial wins tax appeal at Supreme Court of Canada, with implications for tax planning and Canadian parent companies with subsidiaries...

Supreme Court releases Alta Energy decision: taxpayer wins, application of GAAR to tax treaties clarified

Earlier today, the Supreme Court of Canada released its decision in Canada v. Alta Energy Luxembourg S.A.R.L., 2021 SCC 49.

136 countries agree to OECD/G20 Inclusive Framework’s two-pillar solution to international tax reform

Last week, 136 countries, including Canada and the United States, announced that they have agreed to the OECD/G20 Inclusive Framework’s two-pillar...

Canada’s expanded, sector-specific sanctions on Belarus

Last month, Canada announced expanded, sector-specific sanctions on Belarus in response to ongoing concerns with the country’s 2020 presidential...

OECD/G20 Inclusive Framework reaches high-level agreement on two-pillar approach to international tax reform

In their Osler Update, authors Patrick Marley, Peter Macdonald, Kaitlin Gray and Taylor Cao comment on the statement by the OECD/G20 Inclusive...