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Canada closer to adopting massive base erosion tax convention

Monday, August 27, 2018 @ 8:57 AM | By Laura Gheorghiu

Canada is now one step closer to implementing the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) into Canadian law. On June 20, Bill C‑82, which will bring the MLI into force, passed the first reading in the House of Commons.

Once adopted, the MLI will modify up to 75 of Canada ’s bilateral tax treaties (also known as Covered Tax Agreements or CTAs) and significantly enhance the country’s ability to combat Base Erosion and Profit Shifting (BEPS) —...