Tax News Update    Email this document    Print this document  

March 16, 2020
2020-0560

Canada ratifies CUSMA

Bill C-4, An Act to implement the Agreement between Canada, the United States of America and the United Mexican States, passed final reading in the Parliament of Canada on March 13, and was subsequently ratified through Royal Assent. Canada had to complete its legislative process for Bill C-4 before notification can be executed under the relevant CUSMA provisions. Assuming such notification is executed before the end of March, CUSMA should enter into force on June 1, per the relevant CUSMA provisions.

A Tax Alert prepared by Ernst & Young Canada, and attached below, provides additional details.

———————————————
ATTACHMENT

Full text of this Tax Alert

 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 1996 – 2024, Ernst & Young LLP

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

EY US Tax News Update Master Agreement | EY Privacy Statement