Canada updates guidance on global minimum tax filing requirements
The Canadian government released an updated guidance on the global minimum tax on 30 January 2026, outlining preparatory steps for filing. The guidance details filing templates, deadlines, and the required information for the GloBE Information
See More
Canada consults draft legislations for corporate taxation, anti-avoidance rules and other measures
Canada’s Department of Finance launched a consultation on several draft legislative proposals to implement a range of previously announced tax measures on 29 January 2026. The proposed changes aim to clarify and improve tax rules, close gaps to
See More
US: Trump threatens Canada with 100% tariffs
US President Donald Trump has warned that Canada could face serious consequences if it moves forward with closer trade ties with China. In a post on Truth Social on 24 January 2026, Trump said he would impose a 100% tariff on all Canadian goods
See More
Canada, Qatar to negotiate for income tax treaty
Qatar’s Ministry of Foreign Affairs released a joint statement announcing that Qatar’s Amir Tamim bin Hamad Al Thani and Canadian Prime Minister Mark Carney met on 18 January 2026 to discuss bilateral relations and agreed to start negotiations
See More
Canada, China cut electric vehicle, canola tariffs in diplomatic reset
Canada and China have reached a preliminary trade agreement aimed at resetting their relationship and removing key barriers. During Prime Minister Mark Carney’s visit to Beijing, the first Canadian prime minister to go there since 2017, both
See More
US: Trump calls USMCA ‘irrelevant’ to national interests
US President Donald Trump said Tuesday that the U.S.-Mexico-Canada trade pact (USMCA) “is irrelevant” for the US, claiming it mainly benefits Canada, which “needs it.” He used the remarks to push for reshoring manufacturing to the United
See More
Canada announces 2026 automobile deduction limits, business expense benefit rates
Canada’s Department of Finance announced, on 14 January 2026, the automobile income tax deduction limits and expense benefit rates that will apply in 2026. The following changes to limits and rates took effect as of 1 January 2026: The
See More
Canada, Qatar set to conclude tax treaty negotiations
Canadian and Qatari officials met on 8 January 2026 to discuss ways to strengthen bilateral cooperation, The Qatar News Agency (QNA) reported. HE Dr Ahmed bin Mohammed Al Sayed, Minister of State for Foreign Trade Affairs, welcomed HE Maninder
See More
Canada: Quebec government proposes various tax measures in 2025 fall economic update
Quebec’s Finance Minister presented the 2025 Fall Economic Update on 25 November 2025, outlining proposed tax measures affecting both businesses and individuals. The 2025 Fall Economic Update does not introduce any corporate or personal tax
See More
Australia, Canada sign customs mutual assistance agreement
Canada Border Services Agency (CBSA) announced on 19 November 2025 that officials from Australia and Canada signed a Customs Mutual Assistance Agreement. CBSA announces Customs Mutual Assistance Agreement with Australia Strong partnerships
See More
Canada: DoF introduces legislation to implement 2025 budget, includes tax incentives for capital investments
Canada’s Department of Finance announced the introduction of Bill C-15, Budget 2025 Implementation Act, No. 1, on 18 November 2025. It is an important first piece of legislation to advance key Budget 2025: Canada Strong priorities. Bill C-15
See More
Canada: Ontario unveils 2025 tax measures, maintains unchanged corporate tax rates
Ontario's Finance Minister released the 2025 Fall Economic Statement, also known as the “2025 Ontario Economic Outlook and Fiscal Review,” on 6 November 2025. It maintains corporate tax and personal income tax unchanged while introducing several
See More
Canada: DoF releases 2025 budget, includes corporate tax and transfer pricing measures
Canada’s Department of Finance released the details of the Budget 2025 on 4 November 2025. The main tax measures of the budget are as follows: Business Income Tax Measures Immediate Expensing for Manufacturing and Processing
See More
Canada: Government presents 2025 Budget to the House of Commons
Canada’s government has presented the Budget 2025 to the House of Commons on 4 November 2025. It emphasised a strategy to build major infrastructure, housing, and key industries to support economic growth and long-term prosperity. The
See More
Canada: Bank of Canada cuts rate amid US tariff hike
The Bank of Canada lowered its key interest rate to 2.25% on Wednesday, 29 October 2025, citing ongoing economic weakness, but emphasised that monetary policy cannot reverse the structural damage caused by the US trade war. The central bank
See More
US: Trump imposes 10% tariff increase on Canada following World Series ad
US President Donald Trump announced a 10% tariff increase on Canadian goods after criticising an Ontario government ad he deemed misleading, escalating trade tensions and halting negotiations despite Canada’s move to pause the ad campaign. US
See More
Canada limits tariff-free imports of US vehicles by automakers Stellantis, General Motors
Canada will impose 25% tariffs on non-compliant US vehicle imports but will allow limited tariff-free imports for manufacturers maintaining local production and planned investments. Canada’s Finance Minister Francois-Philippe Champagne and
See More
US: Trump administration terminates trade talks with Canada
President Trump halted all trade talks with Canada, citing a “fraudulent” Ontario government and misrepresenting former President Reagan’s views. US President Donald Trump announced on Thursday, 23 October 2025, that his administration has
See More