Canada Signs on for BEPS Treaty Changes | KPMG | GLOBAL
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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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KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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