RLB Blog

Executive summary The ongoing tariff dispute between the U.S. and Canada has led to significant measures from both countries. As the situation remains dynamic, key strategies for Canadian businesses to manage these risks include using bonded warehouses, transfer pricing, tariff engineering, and diversifying supply chains.

.author-area {display:none !important} Executive summary New U.S. tariffs on Canadian goods could force multinational entities (MNEs) to reconsider their transfer pricing strategies to mitigate exposure to tariffs. Here are some approaches MNEs could take to prepare for potential tariffs.

.author-area {display:none !important} This article originally published Jan. 7, 2019, was updated to reflect economic and market conditions.

.author-area {display:none !important} Executive summary After discussions with U.S. President Donald Trump, Prime Minister Justin Trudeau announced that both countries will delay implementing tariffs after Canada made additional border security commitments. Since the threat of 25 per cent tariffs on most Canadian goods and retaliatory measures remain viable, businesses will want to consider tariff mitigation strategies and lowering reliance on single markets.

.author-area {display:none !important} Executive summary Simplify your tax filing process with the compiled key deadlines for middle-market taxpayers. This article is your solution for tracking important tax dates. Timely filing and payment can help you avoid delays in refunds, benefits or credits, and can prevent late filing or payment penalties and interest.

.author-area {display:none !important} Executive summary Canadian businesses and individual taxpayers should consider a proactive approach to tax planning amid heightened uncertainty following Justin Trudeau’s resignation as Liberal Party leader and prime minister on Monday. The subsequent proroguing of Parliament could pose concerns as the tax policy implications of Trudeau’s departure remain undetermined.

.author-area {display:none !important} Executive summary Canadian companies may need to be concerned with President-elect Donald Trump's proposal to impose tariffs on Canadian goods entering the U.S., which has the potential to disrupt key industries, such as crude oil. This move may impact trade agreements like CUSMA, possibly extending trade tensions to Mexico as well.

.author-area {display:none !important} Executive summary The Canadian real estate sector is navigating a period of significant tax reforms, aimed at curbing speculative investments, promoting housing affordability, and encouraging sustainable construction. As 2024 year-end approaches, real estate stakeholders should be mindful of pivotal changes that will impact tax compliance obligations.

.author-area {display:none !important} Executive summary: On June 20th, 2024, bills implementing proposals from the 2023 Fall Economic Statement and Federal Budget, as well as proposals from the 2024 Federal Budget received royal assent. The bills amend the Income Tax Act and Underused Housing Tax Act and introduce the Digital Services Tax Act and the Global Minimum Tax Act. Effective dates of these changes vary. Middle market companies will be impacted by these taxation changes.

.author-area {display:none !important} Canada’s 2024 Federal Budget (Budget 2024), delivered by Deputy Prime Minister and Finance Minister Chrystia Freeland on April 16, 2024, addresses critical economic challenges faced by Canadians and businesses.

.author-area {display:none !important} Federal budget commentary 2023 On March 28, 2023, Deputy Prime Minister and Minister of Finance Chrystia Freeland released Canada’s 2023 Budget (Budget 2023). Budget 2023 prioritizes four key initiatives: (i) strengthening the middle class, (ii) making life more affordable, (iii) increasing accessibility to public health, and (iv) fostering a more environmentally sustainable economy.

.author-area {display:none !important} Executive Summary: On March 23, 2023, Ontario’s Minister of Finance Peter Bethlenfalvy delivered the 2023 Ontario Budget (the 2023 budget). The 2023 budget revealed the framework for Ontario’s “Plan to Build”: a targeted approach to help people and businesses by offering tax relief to manufacturers and small businesses.

Executive Summary On Nov. 3, 2022, Canada’s Minister of Finance, Chrystia Freeland, released Canada’s Fall Economic Statement; the government’s first update in the wake of high inflation, increasing interest rates and economic uncertainty. The 2022 Fall Economic Statement introduces several new tax measures and affirms the government’s intention to proceed with previously announced tax measures, although the implementation date of some key measures is being delayed (trust reporting rules, mandatory disclosure rules and excessive interest and financing expense limitation rules).