Canada releases revised EIFEL proposals for public comment

The Canadian Government released for public comment revised legislative proposals on the proposed excessive interest and financing expenses limitation rules (the EIFEL rules) to take into account various comments received since their initial release on 4 February 2022.

Interested parties are invited to provide comments in respect of the revised EIFEL proposals by 6 January 2023.

The revised EIFEL proposals include extensive changes from the initial EIFEL proposals. This Alert summarizes the key ch…