Tax Alert – Canada

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Tax Alerts cover significant tax news, developments and changes in legislation that affect Canadian businesses.

Budget information: For up-to-date information on the federal, provincial and territorial budgets, visit ey.com/ca/Budget. And follow us on Twitter @EYCanada.  

  • Tariffs coming on some US products
    No. 23, 13 June 2018
    Effective 1 June 2018, the United States followed through on its announcement to impose general tariffs on certain imports of Canadian steel and aluminum products. In response, Canada proposed retaliatory measures against CDN$16.6 billion worth of US imports of steel, aluminum and many finished goods.
  • Nunavut budget 2018-19
    No. 22, 29 May 2018
    Nunavut Finance Minister David Akeeagok tabled the territory’s fiscal 2018-19 budget on 28 May 2018.
  • Ontario files regulations to facilitate land transfer tax compliance
    No. 21, 8 May 2018
    On 26 April 2018, Ontario filed Regulation 343/18, Timing of Tax Payable under Subsection 3(2) of the Act, in accordance with the Land Transfer Tax Act (LTTA). This regulation sets out quarterly filing requirements for dispositions of a beneficial interest in land that change the composition of certain trusts and partnerships. These requirements apply to qualifying dispositions occurring on or after 1 January 2018.
  • Saskatchewan budget 2018-19
    No. 20, 11 April 2018
    Saskatchewan Finance Minister Donna Harpauer tabled the province’s fiscal 2018-19 budget on 10 April 2018.
  • Prince Edward Island budget 2018-19
    No. 19, 9 April 2018
    PEI Finance Minister Heath MacDonald tabled the province’s fiscal 2018-19 budget on 6 April 2018.
  • Québec announces QST and e-commerce measures
    No. 18, 5 April 2018
    Through budget provisions presented on 27 March 2018, the Québec government intends to implement a new mandatory specified registration system for suppliers with no physical or significant presence in Québec to ensure the Québec sales tax (QST) is collected and remitted in the context of the digital economy.
  • Ontario budget 2018-19
    No. 17, 28 March 2018
    Ontario Finance Minister Charles Sousa tabled the province’s 2018-19 budget on 28 March 2018.
  • Quebec budget 2018-19
    No. 16, 27 March 2018
    Quebec Finance Minister Carlos J. Leitão tabled the province’s fiscal 2018-19 budget on 27 March 2018.
  • Newfoundland and Labrador budget 2018-19
    No. 15, 27 March 2018
    Newfoundland and Labrador Finance Minister Tom Osborne tabled the province’s fiscal 2018-19 budget on 27 March 2018.
  • CPTPP agreement is signed
    No. 14, 23 March 2018
    The Comprehensive and Progressive Trans-Pacific Agreement for Partnership (CPTPP) (formerly the 11-member Trans-Pacific Partnership agreement or TPP-11) was signed by its member states, including Canada, on 8 March 2018. The agreement covers a market of 495 million people with a combined GDP of CAD$13.5 trillion, or nearly 13.5% of global GDP.
  • Alberta budget 2018-19
    No. 13, 22 March 2018
    Alberta Finance Minister Joe Ceci tabled the province’s fiscal 2018-19 budget on 22 March 2018.
  • Nova Scotia budget 2018-19
    No. 12, 20 March 2018
    Nova Scotia Finance and Treasury Board Minister Karen Casey introduced the province’s fiscal 2018-19 budget on 20 March 2018.
  • FCA reaffirms CIP outside litigation context
    No. 11, 16 March 2018
    On 6 March 2018, the Federal Court of Appeal (FCA) rendered its decision in Iggillis Holdings Inc. v. the Queen, relating to solicitor-client privilege. The FCA overturned the previous Federal Court decision and concluded that a legal memorandum was protected from disclosure to the Minister by solicitor-client privilege acknowledging common interest privilege (CIP) in a transactional context.
  • Manitoba budget 2018-19
    No. 10, 12 March 2018
    Manitoba Finance Minister Cameron Friesen tabled the province’s fiscal 2018-19 budget on 12 March 2018.
  • Yukon budget 2018–19
    No. 09, 2 March 2018
    Yukon Finance Minister Sandy Silver tabled the territory’s fiscal 2018–19 budget on 1 March 2018.
  • Private company insights: federal budget 2018-19
    No. 08, 27 February 2018
    Read our executive summary highlights of Budget 2017 that are relevant to private companies and their shareholders.
  • Federal budget 2018-19
    No. 07, 27 February 2018
    Read our late-breaking Tax Alert on the 2018-19 federal budget.
  • British Columbia budget 2018-19
    No. 06, 20 February 2018
    BC Finance Minister Carole James tabled the province’s fiscal 2018-19 budget on 20 February 2018.
  • Northwest Territories budget 2018-19
    No. 05, 9 February 2018
    Northwest Territories Finance Minister Robert C. McLeod tabled the territory’s fiscal 2018-19 budget on 8 February 2018.
  • New Brunswick budget 2018-19
    No. 04, 31 January 2018
    New Brunswick Finance Minister Cathy Rogers introduced the province’s fiscal 2018-19 budget on 30 January 2018.
  • Customs compliance verification list update
    No. 03, 22 January 2018
    The Canada Border Services Agency (CBSA) has released its semi-annual list of trade compliance verification (audit) priorities. At the start of 2018, the CBSA remains focused on tariff classification as a priority audit area, with the introduction of six new tariff classification product categories to the list of existing priorities.
  • Canada releases carbon tax proposals
    No. 02, 18 January 2018
    On 15 January 2018, the Department of Finance and the Department of Environment and Climate Change released for public comment draft legislative proposals and explanatory notes for a federal carbon backstop pricing system. The federal carbon pricing system would consist of two elements: a broad-based charge on fossil fuels or carbon tax, and an output-based pricing system regulatory framework.
  • Canada files WTO complaint against US
    No. 01, 10 January 2018
    On 10 January 2018, an official Request for Consultations document (or complaint) filed by Canada in late December was circulated to other WTO members (the first step in the dispute settlement process). Canada claims that the US applies trade remedy law measures that are inconsistent with US obligations under WTO agreements.