Questions? Call 416-367-4222

Earlier in June 2017 68 members of the OECD signed a tax treaty that has the effect of amending bilateral tax treaties on a wholesale basis. The purpose of the new BEPS MLI is to eliminate treaty shopping. Traditionally much offshore tax planning was to take benefit from differences in national tax rates, often through the use of a multi-jurisdictional structure which would benefit from tax rate differences in international tax treaties. This planning tool, referred to as treaty shopping, was routinely implemented by international tax lawyers and accountants doing cross border tax structuring. The new treaty is a known as a multilateral instrument or MLI and has the result of modifying bilateral tax treaties to which it applies.

Disclaimer:

"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."

Get your CRA tax issue solved


Address: Rotfleisch & Samulovitch P.C.
2822 Danforth Avenue Toronto, Ontario M4C 1M1

Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS MLI) Signed
Picture of spiral notebook beside keyboard with purple post it note reading taxes
How To Interpret a Tax Treaty – Guidance from a Canadian Tax Lawyer
Accountant in blue dress shirt and tie showing taxes to seniors
Canadian Tax Treatment of Roth Individual Retirement Arrangement (Roth IRA)
A Canadian Tax Lawyer’s Guidance on the OECD BEPS Project
Foreign Affiliates and Controlled Foreign Affiliates – Canadian Income Tax – Toronto Tax Lawyer Guide
Pensions
Transferring Foreign Pension to RRSP: A Canadian Tax Lawyer Analysis
Foreign Pension Income Taxation – A Canadian Tax Lawyer Analysis
U.S. Profits Interests: What Are They & How Are They Taxed in Canada?—A Canadian Tax Lawyer’s Analysis
A Canadian Tax Lawyer’s Introduction to Tax Filing for International Students