Canada: Supreme Court rejects Husky Energy bid to challenge dividend tax ruling
The Supreme Court of Canada has dismissed Husky Energy Inc.'s application for leave to appeal on 3 September 2026. The decision upholds a 2025 Federal Court of Appeal ruling that blocked the company from using a tax treaty loophole to reduce
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Canada expands tax breaks with permanent Productivity Mega Deduction to attract global investment
Canada’s Prime Minister Mark Carney announced a new tax measure on 15 August 2026 aimed at strengthening Canada's economy and drawing foreign investors to the country. The initiative, called the Productivity Mega Deduction, expands a previous
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Canada introduces priority tax rulings for investments of CAD 1 billion or more
Canada’s Finance Minister François-Philippe Champagne announced on 14 September 2026 that the Canada Revenue Agency (CRA) will fast-track advance income tax ruling requests for investments worth CAD 1 billion or more. The priority system began
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Canada concludes budget 2026 consultations
Canada's Department of Finance announced on 9 September 2026 that it has concluded its pre-budget consultation process, drawing on input from workers, businesses, indigenous leaders, and individual citizens across the country. The consultations aim
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US implements broad bans on Canadian imports as trade dispute intensifies
The US has prohibited imports of Canadian alcoholic beverages, motorcycles, and dairy products, effective 29 September 2026, according to notices published on the White House website on 8 September 2026. The bans cover spirits including whisky,
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Canada enacts retaliatory tariffs on US imports as trade negotiations collapse
Canada has enacted retaliatory tariffs today, 8 September 2026, just after midnight, covering nearly USD 28 billion in US goods. Prime Minister Mark Carney authorised the measures after negotiations between Ottawa and Washington stalled in the
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Canada extends fuel tax relief through March 2027
Canada’s Department of Finance announced that it has extended its temporary suspension of the federal fuel excise tax on 2 September 2026, providing continued relief as global economic pressures persist. Honourable François-Philippe Champagne,
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Canada completes ratification of UK’s CPTPP accession
Canada has completed its domestic ratification process in July 2026, clearing the final hurdle for the UK's accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), according to the UK government page on the
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Canada adjusts retaliatory US tariffs, excludes seafood sector
Canada's Department of Finance removed seafood and fish products from its counter-tariff list on 26 August 2026, following industry feedback about potential economic damage. The exclusion targets selected items while maintaining broader retaliation
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Canada announces retaliatory tariffs, CAD 7.5 billion support package to mitigate impact from US
Following the US imposition of a 50% tariff on USD 27.6 billion of Canadian goods effective 22 August, Canada has announced retaliatory tariffs on around USD 20 billion worth of annual US imports on 25 August 2025 alongside support measures for
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US: Trump administration escalates tariff threat on Canadian automotive sectorÂ
President Donald Trump announced plans to impose 50% tariffs on all vehicles, trucks, and automotive parts originating from Canada, effective 1 January 2027, following the collapse of trade negotiations on 21 August 2026. Treasury Secretary Scott
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Canada suspends US trade negotiations, retaliates with matching tariffs
Prime Minister Mark Carney announced on 21 August 2026 that Canada's government has halted negotiations with the US following what it characterises as unfair last-minute changes to proposed trade terms. The decision came after the US announced plans
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US delays 50% additional tariffs on certain Canadian goods
The US has delayed the imposition of 50% additional tariffs on certain Canadian goods by three days as the two countries continue negotiations over longstanding trade disputes. The tariffs, originally scheduled to take effect on 19 August 2026,
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US set to impose 50% tariffs on Canadian goods
The US is set to impose 50% tariffs on nearly USD 20 billion of Canadian goods beginning 19 August 2026, according to an announcement made under Section 338 of the Tariff Act of 1930. The duties would affect approximately 5.2% of the USD 383
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Australia, Canada sign MOU on arbitration under BEPS MLI
The Australian Taxation Office (ATO) has published a Memorandum of Understanding (MoU) with Canada outlining the application of Part VI (Arbitration) of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and
See MoreCanada imposes provisional safeguard tariff on imports of wood cabinets, vanities
Canada’s Minister of Finance and National Revenue announced a provisional safeguard measure, in the form of a 25% surtax, on imports of certain wood cabinets and vanities, on 31 July 2026, while the Canadian International Trade Tribunal safeguard
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Canada consults technical changes to Global Minimum Tax Act
The Department of Finance Canada has launched a consultation on draft amendments to the Global Minimum Tax Act that would update the definition of a "deduction/non-inclusion arrangement" under subsection 47(1). The Department of Finance Canada
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US: Trump says USMCA matters more to Canada and Mexico
President Donald Trump said on Tuesday, 28 July 2026, that he has no interest in revising the six-year-old US-Mexico-Canada Agreement (USMCA), stating that the trade deal matters far more to Mexico and Canada than to the US. The position comes as
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