GloBE Country Guide: Canada

Summary

Status Draft Law
LawDraft Global Minimum Tax Act
Effective DateAccounting periods beginning on or after December 31, 2023
IIRYes (2024)
UTPRPlanned for 2025
QDMTTYes (2024)
Filing DeadlinesStandard
Safe HarboursTransitional CbCR and QDMTT Safe Harbours

Contents
  1. Legislation
  2. General
  3. Differences to Model Rules
  4. Qualifying Domestic Minimum Top-Up Tax
  5. Administration and Filing
  6. Penalties

Sign into your account to access this analysis

Not a Subscriber?

If you haven’t got a subscription you can sign up below

Already a Subscriber?