Canada releases 2026 Spring Economic Update, introduces sovereign wealth fund and pension rate cuts
Canada’s Ministry of Finance announced the Spring Economic Update 2026 yesterday, 28 April 2026, building on the momentum of Budget 2025 with strategic investments that support productivity, growth, and competitiveness and position Canada for
See MoreCanada signals US trade talks may continue past CUSMA review deadline
Canada's chief trade negotiator, Janice Charette, has indicated on Tuesday, 21 April 2026, that not all trade disputes with the US will be settled by the 1 July review deadline for the North American free trade agreement, but emphasised this won't
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Canada: CRA announces key deadlines, changes for 2025 individual income tax returns
The Canadian Revenue Agency (CRA) has confirmed the filing deadlines for 2025 income tax returns, with important dates varying based on employment status. Filing and payment deadlines Most Canadian taxpayers must file their 2025 income tax
See MoreCanada: Government to release Spring Economic Update on 28 April 2026
Canada’s Minister of Finance and National Revenue announced on 15 April 2026 that he will table the Spring Economic Update 2026 on Tuesday, 28 April 2026. In the Spring Economic Update 2026, the government will provide an update on its plan to
See MoreCanada to introduce temporary suspension of federal fuel excise tax
Canada’s government announced, on 14 April 2026, that it intends to introduce legislative amendments to the Excise Tax Act to temporarily suspend the application of the federal fuel excise tax on gasoline, diesel fuel, and aviation fuels by
See MoreCanada: 2025 Budget Implementation Act overhauls transfer pricing rules, scraps digital services tax
Canada’s Bill C-15, or the Budget 2025 Implementation Act, No. 1, which received Royal Assent on 26 March 2026, introduces a major overhaul of Canada's transfer pricing regime, repeals the Digital Services Tax, and enacts a wide array of business
See MoreCanada extends 2% cap on alcohol excise duty increases for two more years
Canada’s federal government announced on 1 April 2026 an additional two-year extension of the 2% cap on the annual alcohol excise duty inflation adjustment, and of the 50% reduction on excise duty rates for the first 15,000 hectolitres of beer
See MoreCanada enacts Budget 2025 measures
Canada’s Department of Finance has enacted key Budget 2025 measures following the Royal Assent of Bill C-15, the Budget Implementation Act, 2025, No. 1 on 26 March 2026, aimed at strengthening the economy, supporting investment, and enhancing
See MoreCanada cuts PIT, lifts first-time home buyer GST, removes federal fuel charge
Canada’s Department of Finance confirmed that the Making Life More Affordable for Canadians Act (Bill C‑4) obtained royal assent and entered into force on 12 March 2026. The bill introduces key measures to reduce costs, helping Canadians save
See MoreCanada: CRA sets Q2 2026 interest rates on tax overdue, refund amounts
The Canada Revenue Agency (CRA) has announced on 24 February 2026 the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts owed by the CRA to individuals and corporations. These rates will be in
See MoreCanada, Kosovo begin income tax treaty talks
According to a statement from Kosovo’s Ministry of Industry, Entrepreneurship, and Trade, representatives from Kosovo met with the Ontario Chamber of Commerce on 5 March 2026 to discuss investment opportunities and strengthening economic
See MoreEU, Canada strengthen CETA partnership with new investment, trade measures
The European Commissioner for Trade and Economic Security, Maroš Šefčovič and the Canadian Minister for International Trade, the Honourable Maninder Sidhu, co-chaired the fifth meeting of the Joint Committee of the European Union (EU)-Canada
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EU, Canada launch negotiations for a digital trade agreement
The EU Commissioner for Trade and Economic Security, Maros Sefcovic, and Canada's Minister for International Trade, Maninder Sidhu, launched negotiations for an EU-Canada Digital Trade Agreement (DTA) on 6 March 2026. Building on nine years of
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Australia, Canada agree to revise tax treaty framework
Australian Prime Minister Anthony Albanese and Canadian Prime Minister Mark Carney issued a joint statement on 5 March 2026 at the outset of Carney's first official visit to Australia. The two leaders have committed to modernising the two
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India, Canada to finalise free trade agreement by year-end
India and Canada aim to conclude a free trade agreement by the end of 2026, Prime Minister Mark Carney said on 2 March 2026, during his first visit to New Delhi. The deal is intended to restore economic ties after years of diplomatic
See MoreCanada launches consultations to strengthen automotive remission framework
Canada’s Department of Finance, in a news release on 27 February 2026, announced that it launched consultations on potential ways to strengthen Canada’s automotive remission framework by further incentivising companies to produce and invest in
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IMF Country Focus Examines Canada’s Internal Barriers to Trade
On 27 January 2026 an IMF Country Focus looked at opportunities for Canada to increase growth by removing internal barriers to trade. The Country Focus with the title Canada Can Grow Faster by Unlocking Its Own Market, written by F Diez and Y. Yang,
See MoreIMF Report on Canada Recommends Tax Changes
On 21 January 2026 the IMF issued a report following consultations with Canada under Article IV of the IMF’s articles of agreement. The report notes that Canada is adjusting the significant trade shock caused by US tariff increases and the limited
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