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Tax Alert 2025 No. 56, 10 December 2025
On 3 December 2025, the Canada Border Services Agency (CBSA) announced it is requesting feedback on revisions to proposed amendments to the Valuation for Duty Regulations, which were published in 2023. The revisions are intended to address key concerns raised during the 2023 consultations.
The consultation period is open until 23 January 2026. Canadian resident importers, Canadian subsidiaries of foreign parent companies, and any other interested stakeholders should consider the impacts of the CBSA’s proposed revisions.
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Issue No. 56, 10 December 2025
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Previous issues
Canada announces new measures for steel imports
On 26 November 2025, Prime Minister Mark Carney announced that Canada will reduce tariff rate quotas on certain steel imports and impose a new global tariff on a specific list of steel-derivative products.
2025 budget implementation bill no. 1 introduced in House of Commons
On 18 November 2025, Bill C-15, Budget 2025 Implementation Act, No. 1, received first reading in the House of Commons.
Budget 2025 introduces revised transfer pricing rules
On 4 November 2025, the Minister of Finance and National Revenue, François-Philippe Champagne, tabled the 2025 federal budget, which included substantial draft legislative changes to Canada’s transfer pricing rules in section 247 of the Income Tax Act (the Act).
On 4 November 2025, the Minister of Finance and National Revenue, François-Philippe Champagne, tabled the federal budget 2025. The budget contains tax measures affecting individuals and corporations.
CBSA extends surtax remission for two additional months
On 17 October 2025, the Canada Border Services Agency (CBSA) released a revised version of Customs Notice 25-19, United States Surtax Remission Order (2025) (Customs Notice), which contains new information about the application of the United States Surtax Remission Order (2025).
CBSA releases notice of preliminary determinations with respect to cast iron soil pipe
On 9 October 2025, the Canada Border Services Agency (CBSA) made preliminary determinations of dumping and subsidizing respecting cast iron soil pipe originating in or exported from the People’s Republic of China (China), in accordance with subsection 38(1) of the Special Import Measures Act (SIMA).
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