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Prepare for Significant Changes to Canadian Transfer Pricing Landscape
Overview On November 4, the long-awaited 2025 Federal Budget was released, proposing significant changes to Canada’s existing Transfer Pricing (TP) rules. Shortly following the Federal Budget’s release, the federal government issued Bill C-15, An Act to implement certain provisions of the budget tabled in Parliament on November 4, 2025. Bill C-15 includes the legislative amendments […]
Highlights of some of the fiscal measures announced in the Update on Québec’s Economic and Financial Situation and other measures
November 27, 2025Table of contents Overview. Reduction of the Québec Pension Plan (QPP) Base Contribution Rate. Reduction in Québec Parental Insurance Plan (QPIP) Premiums. Temporary Health Services Fund (HSF) Contribution Holiday for certain sectors. Harmonization with the 2025 Federal Budget. Extension of the Refundable Tax Credit for Gaspésie and Maritime Regions. Extension of the Income-Averaging Mechanism for […]
Federal Budget 2025 – A roadmap to sustainable economic growth
November 8, 2025Table of Contents Table of Contents Introduction Personal Income Tax Measures Business Income Tax Measures International Tax Measures Sales and Excise Tax Measures Previously Announced Measures Table of Contents Table of Contents Introduction On November 4th, 2025, the Honorable François-Philippe Champagne, Minister of Finance and National Revenue, tabled the 2025 Federal Budget which, he had […]
Newly proposed changes of significance to Canada Revenue Agency’s (“CRA”) Voluntary Disclosures Program (“VDP”) soon coming into effect
September 29, 2025Overview On September 10, 2025, the CRA released a new version of its VDP Information Circular, IC00-1R7[1], along with the new GST/HST Memorandum 16-5-1[2] (collectively referred to as the “new Programs”). The updated policies will apply to disclosures received on or after October 1, 2025, replacing the current frameworks under Circular IC00-1R6[3] and Memorandum 16-5[4] […]