Canada: Implications of BEPS for Canadian corporations | KPMG | GLOBAL

Canada: Potential implications of BEPS changes for Canadian corporations

Canada: Implications of BEPS for Canadian corporations

Canadian corporations need to be aware of, and prepare for, potential changes in Canada and in the other countries where they operate in light of this week’s release by the OECD of recommendations on seven international tax topics as part of its base erosion and profit shifting (BEPS) action plan.


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The OECD’s proposed measures, although currently still in draft form, could have a significant effect on the international tax landscape, and for Canadian multinational corporations that undertake what is now generally considered to be accepted tax planning with other countries including transfer pricing, relying on tax treaties, and using hybrid arrangements.

Although the OECD says it will finalize its guidance on these topics once the remaining recommendations are presented in 2015, some countries—including Canada—may choose to introduce proposals to implement these recommendations sooner.


Read a September 2014 report prepared by the KPMG member firm in Canada: OECD Takes Aim at BEPS Transfer Pricing, Treaty Abuse and Hybrid Mismatching

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