Canada News

UK, Canada Sign Post Brexit Continuity Agreement
by Mike Godfrey, Tax-News.com, Washington
Thursday, December 10, 2020
Canada and the UK have formally signed a post-Brexit trade continuity agreement that will apply from January 1, 2021. Read Full Story

UK, Canada Sign Post-Brexit Continuity Trade Deal
by Jason Gorringe, Tax-News.com, London
Monday, November 30, 2020
Canada and the UK have announced the successful conclusion of negotiations on an interim trade agreement, which will be in place as they work toward a comprehensive post-Brexit free trade deal. Read Full Story

J5 Group Marks Two Years Of Collaboration On Tackling Fiscal Crime
by Mike Godfrey, Tax-News.com Washington
Friday, July 17, 2020
On July 13, 2020, the US Internal Revenue Service (IRS) issued a progress report on the last two years' work of the J5 group of five advanced countries, who are working collaboratively to tackle cross-border tax fraud. Read Full Story

IRS Clarifies Tax Treaty References To NAFTA
by Mike Godfrey, Tax-News.com Washington
Thursday, May 28, 2020
On May 19, 2020, the United States Treasury Department and the Internal Revenue Service issued an Announcement which clarifies the interpretation of references in US income tax treaties to the North American Free Trade Agreement once it is replaced by the Agreement between the United States, Mexico and Canada. Read Full Story

J5 Reviews Work To Tackle Cross-Border Tax Crimes
by Mike Godfrey, Tax-News.com Washington
Tuesday, March 3, 2020
On February 19, 2020, the United States Internal Revenue Service announced that the leaders of the Joint Chiefs of Global Tax Enforcement recently gathered in Sydney, Australia, to review their work and to set priorities for the years ahead. Read Full Story

US Senate Passes New North American Free Trade Deal
by Mike Godfrey, Tax-News.com Washington
Monday, January 27, 2020
On January 16, 2020, the US Senate voted to approve the US-Mexico-Canada Agreement, which will replace the existing North American Free Trade Agreement. Read Full Story

Canada, Mexico, US Agree Free Trade Deal Amendments
by Mike Godfrey, Tax-News.com, Washington
Monday, December 16, 2019
Canada, Mexico, and the US have signed an agreement on amendments to their proposed new trade pact. Read Full Story

American Firms Concerned By Canadian Digital Tax Plan
by Mike Godfrey, Tax-News.com, Washington
Monday, November 25, 2019
Representatives from US trade and industry associations have voiced concern about a digital services tax proposal floated during the recent Canadian election which they argue will "impose discriminatory requirements on the digital economy." Read Full Story

Trudeau Makes Election Pledge On Canadian Taxes
by Mike Godfrey, Tax-News.com, Washington
Friday, September 27, 2019
The Canadian Liberal Party has announced plans to reduce the income tax burden by raising the Basic Personal Amount. Read Full Story

OECD Releases Action 14 Peer Reviews For Six States
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, August 22, 2019
The OECD on August 13, 2019, released follow-up reports for Belgium, Canada, the Netherlands, Switzerland, the United Kingdom, and the United States on their efforts to implement BEPS recommendations on dispute resolution. Read Full Story
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