26 September 2019 Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting coming into force in Canada Canada deposited its instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the MLI) on August 29. The MLI will enter into force vis-à-vis Canada on December 1. Furthermore, the MLI will enter into effect for any particular covered tax treaty in accordance with the provisions set forth in its "entry into effect" articles and will apply to some of Canada's tax treaties with effect as early as January 1, 2020. The MLI effectively amends the treaties between jurisdictions upon its ratification by them. Document ID: 2019-1703 |
