Canadian Prime Minister Justin Trudeau wants to launch a new luxury tax, impose a digital tax on large businesses, and cut taxes for firms reducing greenhouse gas emissions under his budget plan released Monday.
The 2021 budget—the first comprehensive plan since before the pandemic started—also proposes to reform transfer pricing rules after a court ruling involving uranium miner Cameco Corp. upturned federal policy. It also targets hybrid mismatch arrangements by corporations and taxes unused foreign-owned housing.
Paying “our fair share of the collective burden” with solidarity will be important, Finance Minister Chrystia Freeland told the House of Commons ...
Learn more about Bloomberg Tax or Log In to keep reading:
Learn About Bloomberg Tax
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools.