GloBE Country Guide: Canada

Summary

Status	Draft Law
Law	Budget Implementation Bill, 2024, No. 1 , issued on April 30, 2024
Effective Date	Accounting periods beginning on or after December 31, 2023
IIR	Yes (2024)
UTPR	Planned for 2025
QDMTT	Yes (2024)
Filing Deadlines	Standard
Safe Harbours	Transitional CbCR Safe Harbour, Simplified Calculations for Non-Material Constituent Entities Safe Harbour and the QDMTT Safe Harbour

Legislation
General
Differences to Model Rules
Qualifying Domestic Minimum Top-Up Tax
Administration and Filing
Penalties

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Lee Hadnum

Lee is a qualified Chartered Accountant and Chartered Tax Adviser. A former Senior Tax Analyst at Bloomberg Tax, Lee began his career in Ernst & Young's Entrepreneurial Services department and has 20 years of international tax planning experience. Lee's books have been recommended by The Times, The Guardian and The Telegraph.

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The Treatment of Tax Transparent Entities Under Pillar Two

The Impact of Pillar 2 on Group HR/Payroll Companies

Investment Property & The GloBE Rules

Data Points For the Transitional CbCR Safe Harbour