Canada Signs on for BEPS Treaty Changes | KPMG | CA

Canada Signs on for BEPS Treaty Changes

Canada Signs on for BEPS Treaty Changes

Canadian multinationals may be impacted by changes to tax treaties.

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Now that Canada has signed the Multilateral Instrument, Canadian multinationals may be impacted by changes to tax treaties that could, in the future, affect their organization’s global structure and operations. The Multilateral Instrument, which was developed as part of Action 15 of the Organization for Economic Cooperation and Development’s (OECD) Base Erosion and Profit Shifting (BEPS) initiative, will modify more than 2,000 tax treaties worldwide to implement certain BEPS measures without the need for bilateral negotiations.

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