News Share

The Tax Hub

Daily Tax Newsletter


6 February 2017

Responsive image

Canada CbC Reporting Form Published

On 3 February 2017, the Canadian Revenue Agency published the form and instructions for submitting Country-by-Country (CbC) reports. Canada's CbC reporting requirements were adopted the end of 2016 and are generally in line with BEPS Action 13 guidelines (previous coverage). The requirements apply for fiscal years beginning after 2015 for MNE groups meeting a consolidated group revenue threshold of EUR 750 million in the previous year. The requirement applies for ultimate parent entities resident in Canada, as well as non-parent constituent entities if certain conditions are met.

When required, the report is due within 12 months following the close of the fiscal year concerned. In the event there is a systemic failure for the exchange of a CbC report from the ultimate parent's jurisdiction, a Canadian constituent entity will be notified, and a CbC report will be due within 30 days of notification. Failing to complete and file the CbC report by the due date will result in penalties of up to CAD 1,000 per month.

Click the following link for RC4649 Country-by-Country Report, which includes both basic and fillable/saveable versions of the form.

Powerful Tax Tools


FX Rates

Global FX Rates including Tax Year Average FX Rates and Spot Rates for all Reporting Currencies.


Corporate Tax Rates

Corporate tax rates, surtaxes, and effective tax rates for the current year, as well as historical rates and approved future rates.


Country Analysis

Detailed tax guidance for companies doing business in over 100 countries, including summaries and snapshots of key tax facts and issues.


Cross Border Tax Calculator

Calculate total tax costs and benefits of a cross border transaction including withholding tax, participation exemption and foreign tax credit rules.


Cross Border Tax Rates

Provides Domestic, treaty and EU cross border tax rates for over 5,000 country combinations for 9 different payment streams.



Complete overview of the OECD BEPS Project, including daily BEPS news, country adoption of BEPS measures, and an overview of the 15 BEPS Actions.


Tax Calendar

Customizable calendar tool that tracks corporate income tax, value added tax and transfer pricing obligations by country or entity.


Tax Forms

English translations of key tax forms for over 80 countries, including tax return forms, treaty benefit forms, withholding tax forms, and more.


Worldwide Tax Treaties

Repository including thousands of tax treaties (in English), OECD, UN and US Models, relevant EU Directives, Technical Explanations, and more.


Worldwide Tax Planner

Calculates the worldwide tax cost of what-if scenarios based on legal entity structure, taxable income, and cross border transactions.


Certified Rates Report

Customizable Certified Rates Report providing updated corporate and withholding tax rates at the end of each month for over 100 countries.


Withholding Tax Minimizer

Enables quick calculation of tax costs and benefits of cross border transactions considering all possible transaction combinations and optimal routes.


VAT Rates

Provides value added tax (VAT) rates, goods and services tax (GST) rates and other indirect tax rates for over 100 countries.


NOL Calculator

Country specific calculator to determine how net operating losses can be utilized in carryback and carryforward years.


Transfer Pricing Calculator

Calculates TP ratios under various TP methods and calculates the difference between target ratios and actual ratios.


Individual Income Tax Rates

Individual tax rates for over 100 countries.

Play of the Day

Crosss Border Rates

Provides Domestic, treaty and EU cross border tax rates for over 5,000 country combinations for 9 different payment Streams.

We’re here to help

We’re here to answer any questions you have about the Orbitax products and services.

Send us a message

Who’s behind Orbitax?

We’re committed to providing high value, low cost tax research and management solutions.

Learn More