Tax Tax

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.

Canada proposes significant tax amendments to align with OECD BEPS recommendations

In 2022, the federal government released draft legislation to adopt many of the OECD’s BEPS recommendations...

OECD releases three Pillar Two documents, including guidance on safe harbours

New documents include guidance on safe harbours and penalty relief in respect of the model Global Anti-Base Erosion Rules, plus public consultation...

Finance releases revised draft EIFEL rules

Finance Canada releases revised draft EIFEL rules with significant changes to many aspects of the proposed regime.