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

21 June 2024|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation, OECD, BEPS 2.0|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…

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