Canada's Department of Finance has issued a release announcing the launch of a public consultation on legislation for additional measures for Budget 2024. As previously reported, Canada already enacted several budget measures in June 2024, including the Global Minimum Tax Act, which provides for the implementation of an Income Inclusion Rule (IIR) and a Qualified Domestic Minimum Top-up Tax (QDMTT) with effect for fiscal years beginning on or after 31 December 2023. The new legislation will…