Tax Alerts

OECD releases new Transfer Pricing Guidelines

The OECD released the 2022 Transfer Pricing Guidelines reiterating its commitment to combat base erosion and profit shifting.

New trust reporting on hold but beware of not filing

With filing season upon us, the CRA clarified the new trust reporting rules will not be in force for the 2021 taxation year.

Global minimum tax is taking shape

The OECD released its model to implement a coordinated international tax system in which MNEs will be subject to a 15% global minimum tax.

Are you ready for Canada's Digital Services Tax?

The federal government released the draft Digital Services Tax Act proposing a 3% tax on revenue earned from certain digital services.

Federal economic and fiscal update

The Canadian government provides an overview of Canada’s finances, unveils the areas of focus, and sets out proposed new tax measures.

Loblaw Financial: SCC considers FAPI does not apply to foreign bank

The Supreme Court of Canada provides a welcomed decision and clarifies rules for FAPI in the foreign bank context.

Alta Energy: SCC confirms GAAR not applicable to treaty shopping

The determination of the object, spirit and purpose of a provision cannot ignore the text of the provision in favour of a broader purpose.

Ontario Economic Outlook and Fiscal Review: Fall 2021

The Ontario government’s recent fiscal update includes proposals that will require corporations to collect beneficial ownership information.