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House Government Bill
42nd Parliament, 1st Session
December 3, 2015 - Present
Text of the Bill
C-82
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An Act to implement a multilateral convention to implement tax treaty related measures to prevent base erosion and profit shifting
Short Title
Multilateral Instrument in Respect of Tax Conventions Act
Last Stage Completed
Second Reading and Referral to Committee in the House of Commons (2018-10-15)
Progress:
 
Legislative Summary
A legislative summary is currently being prepared for this bill by the Parliamentary Information and Research Service of the Library of Parliament. Meanwhile, the following executive summary is available.

On 20 June 2018, the Minister of Finance introduced Bill C-82, An Act to implement a multilateral convention to implement tax treaty related measures to prevent base erosion and profit shifting (Multilateral Instrument in Respect of Tax Conventions Act), in the House of Commons and it was given first reading.

Bill C-82 enacts implements a multilateral instrument in respect of conventions for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.

The multilateral instrument is an international treaty developed as part of the G20 and OECD’s project to tackle base erosion and profit shifting (BEPS). The purpose of the multilateral instrument is to modify, in their application, tax conventions between two or more parties to the multilateral instrument so as to further the objectives of the tax convention. The multilateral instrument operates alongside tax conventions to modify them in their application; it does not directly modify the text of the tax conventions. The multilateral instrument will apply to a Canadian bilateral double tax convention only if both parties to the convention notify the depositary that the convention is intended to be covered by the multilateral instrument. The Secretary-General of the OECD is the depositary of the multilateral instrument. The implementation of the multilateral instrument requires the enactment of this Act.
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