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Canada

27 February 2017

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Canadian Government Response to Committee Report on Actions to Address Tax Avoidance and Tax Evasion including Support for BEPS Measures

On 23 February 2017, the Canadian government announced that Minister of National Revenue Diane Lebouthillier has tabled the Government's response to the House of Commons Standing Committee on Finance’s report entitled: The Canada Revenue Agency, Tax Avoidance and Tax Evasion: Recommended Actions (previous coverage). In the response, the Government supports all actions recommended in the report, including the recommendation for the Canada Revenue Agency (CRA) to take a lead role in ensuring global implementation of the recommendations resulting from the OECD BEPS Project.

In relation to BEPS, the response notes that the Department of Finance and the CRA have already acted on certain recommendation of the BEPS Project, including:

  • Introduction of Country-by-Country reporting;
  • Application of revised transfer pricing guidance;
  • The spontaneous exchange of tax rulings giving rise to BEPS concerns; and
  • Participation in the development of the multilateral instruments for the implementation of treaty-related BEPS recommendations, which Canada will sign in June 2017.

The government, through the Department of Finance in collaboration with the CRA, will continue to examine the remaining BEPS recommendations to ensure a coherent and consistent approach.  

Click the following links for the Committee Report and the Government Response.

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