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Featured content
Canada proposes the undertaxed profits rule and further amends the GMTA
Draft legislative proposals relating to the Global Minimum Tax Act (GMTA) were released for public comment by the Department of Finance on 12 August 2024.
5 September 2024
Canada announces further restrictions on temporary foreign worker hiring
On 26 August 2024, in an announcement from Prime Minister Justin Trudeau and the Minister responsible for the Temporary Foreign Worker Program (TFWP), the Honourable Randy Boissonnault, the Canadian government declared that it will impose further restrictions on the segment of the TFWP that is used for hiring of so-called “low-wage” workers. The intended goal of this program change is to reduce Canadian employers’ reliance on foreign national temporary workers, as well as to reduce fraud and misuse of the low-wage TFWP.
29 August 2024
Finance releases revised legislative details to implement changes to increase the capital gains inclusion rate
The Department of Finance released several packages of draft legislative proposals for public comment on 12 August 2024, including the much-anticipated revised draft legislative proposals to implement changes to increase the capital gains inclusion rate.
29 August 2024
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