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Canada's Global Minimum Tax Act substantively enacted as part of Bill C-69

|Tax Alerts, Information Reporting, Legis ...|Canada
Canada

  • On 19 June 2024, Bill C-69, Budget Implementation Act, 2024, No. 1, received third reading in the House of Commons and became substantively enacted for Canadian financial reporting purposes. Among other measures, Bill C-69 includes a revised version of Canada's Global Minimum Tax Act (GMTA), which was previously released for public comment in August 2023.
  • This Tax Alert reviews certain key differences contained in the revised version of the GMTA.
  • Note: On 20 June 2024, Bill C-69 received Royal Ass…