• Service: Tax, International Tax
  • Type: Regulatory update
  • Date: 2/17/2014

Canada - Federal budget expresses commitment to BEPS 

February 17:  Canadian-based multinationals and foreign corporations investing in Canada may want to follow closely proposals and consultations announced in Canada’s 2014 federal budget that appear to strengthen Canada’s intentions to address tax base erosion and profit shifting.

These developments clearly indicate that Finance is laying the foundations for its own Canadian plan to align with the OECD Action Plan on Base Erosion and Profit Shifting (BEPS).

Finance has requested input on which international tax areas it should focus on to implement BEPS, and has set a four-month consultation period for interested parties to provide input by 11 June 2014.

Read a February 2014 report prepared by the KPMG member firm in Canada: Canada Deepens Commitment to BEPS Action Plan

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