Canada, Saudi Arabia begin negotiations on income tax treaty
Canada and Saudi Arabia have launched negotiations on a bilateral income tax treaty, following an announcement by the Canadian Prime Minister's Office on 9 July 2026. This initiative was announced as part of a broader economic strategy to unlock
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Canada initiates pre-2026 budget consultations
Canada's Department of Finance has launched pre-budget consultations on 6 July 2026, inviting Canadians to provide input on the government's spending and policy priorities before the budget is presented this autumn. The government said
See MoreCanada, Uruguay sign customs mutual assistance agreementÂ
The Canada Border Services Agency announced the signing of a customs mutual assistance agreement with Uruguay on 25 June 2026. Erin O’Gorman, President of Canada Border Services Agency (CBSA), together with His Excellency Pablo Sader, Uruguayan
See MoreCanada: Spring Economic Update 2026 receives Royal Assent
Canada’s Department of Finance announced that Bill C‑30, An Act to implement certain provisions of the Spring Economic Update tabled in Parliament on 28 April 2026, has received Royal Assent on 19 June 2026. It delivers targeted measures to
See MoreCanada looks to bilateral trade deals amid CUSMA extension effort
Canada is preparing to pursue bilateral trade agreements with the US alongside the review of the Canada-United States-Mexico Agreement (CUSMA), Trade Minister Dominic LeBlanc said on Thursday, 11 June 2026. Speaking at a conference in Toronto,
See MoreCanada to extend steel, aluminium tariff measures to support businesses
Canada’s Minister of Finance and National Revenue has announced, on 3 June 2026, that the government will be extending key steel and aluminium tariff measures for one year. Subject to approval by the Governor in Council, Canada will extend its
See MoreCanada: CRA releases updated 2025 corporate income tax guide
The Canadian Revenue Agency (CRA) has issued an updated corporate income tax guide for tax year 2025 on 28 May 2026. The guide covers the following: Accelerated capital cost allowance (CCA) for liquefied natural gas (LNG) facilities The
See MoreAustralia, Canada tax treaty negotiations set to begin
Canada’s Department of Finance announced on 12 May 2026 that discussions will begin next month to modernise the income tax agreement between Canada and Australia. The current treaty, originally established in 1980, has been modified twice through
See MoreCanada: Quebec to increase small business deduction rate, reduce small business tax rate
Quebec tax authority, Revenu Quebec, announced, on 4 May 2026, an increase in the small business deduction rate and a reduction in the small business tax rate for taxation years beginning after 29 April 2026. Under certain conditions, a
See MoreCanada unveils CAD 1.5 billion support package for tariff-affected industries, includes steel, aluminium and copper sectors
Canada’s government has announced CAD 1.5 billion to support several of Canada’s tariffed industries on 4 May 2026. This includes the creation of a new CAD 1 billion Business Development Bank of Canada (BDC) program available to industries
See MoreCanada: CRA announces one-time groceries and essentials top-up payment for June 5
The Canada Revenue Agency (CRA) announced on 17 April 2026 that eligible Canadians will receive a one-time GST/HST credit top-up on 5 June 2026. The payment is part of the transition to the Canada Groceries and Essentials Benefit, which will replace
See MoreCanada tables bill introducing budget measures, includes amendments to Global Minimum Tax Act
Canada's Department of Finance has tabled the Notice of Ways and Means Motion to introduce a bill entitled A second Act to implement certain provisions of the budget in Parliament on 4 November 2025. The bill introduces a range of measures,
See MoreCanada 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 deadlineÂ
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
See MoreCanada: 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 taxÂ
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
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