EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
Recent Searches
Trending
-
Beyond compliance: elevating safety standards in underground mining
12 Dec 2025 Mining & Metals -
Reinforce loyalty program safeguards, stay ahead of cyber threats
08 Dec 2025 Consumer Products -
What makes today’s climate leaders tomorrow’s business leaders?
06 Nov 2025 Climate change and sustainability services
Tax Alert 2026 No. 15, 06 March 2026
There have been several trade developments announced in the last few weeks.
Of note, the Steel Derivative Goods Surtax Remission Order, issued in accordance with section 115 of the Customs Tariff, provides relief from the 25% global surtax imposed on imports of certain steel derivative products in accordance with the Steel Derivative Goods Surtax Order.
In addition, Canada has implemented a country-specific annual quota of 49,000 Chinese electric vehicles (EVs) at the most-favoured-nation tariff rate of 6.1%, effective 1 March 2026. Canada has published administrative guidance for the EV quota rules, including import permit requirements.
As well, Canada has initiated consultations on improving Canada’s automotive remission framework, beginning 27 February 2026. The Department of Finance is seeking feedback on how the remission framework can better align with the goals outlined in Canada’s new automotive strategy. Specifically, Finance is seeking feedback from stakeholders about a proposed tradeable production credit remission framework.
Access the full content in the PDF attached below.
Read Tax Alert in full
Issue No. 15, 06 March 2026
Stay ahead of fast-moving policy developments.
Learn what’s happening now, what it means for your business and how you can adapt to shape the future with confidence. Sign up for EY Tax Alerts today.
Previous issues
CBSA adjusts certain fees for inflation and GST/HST
On 24 February 2026, the Canada Border Services Agency (CBSA) published Customs Notice 26-04, Changes to Certain Fees to Reflect Inflation and Taxes, announcing that certain fees it administers will be adjusted for inflation under the Service Fees Act.
CCA and other business income tax measures substantively enacted as part of Bill C-15
On 26 February 2026, amended Bill C-15, Budget 2025 Implementation Act, No. 1, received third reading in the House of Commons and became substantively enacted for Canadian financial reporting purposes.
Alberta Finance Minister Nate Horner tabled the province’s fiscal 2026 budget on 26 February 2026.
Nova Scotia Finance and Treasury Board Minister John Lohr tabled the province’s fiscal 2026 budget on 23 February 2026.
British Columbia budget proposes to expand PST to certain professional services
The Government of British Columbia announced changes in its 2026 budget that would expand the provincial sales tax (PST) base to include certain professional services, effective 1 October 2026, subject to Bill 2, Budget Measures Implementation Act, 2026 receiving Royal Assent.
Proposed hybrid mismatch arrangement rules
On 29 January 2026, the Department of Finance released two packages of draft legislative proposals for public comment. The proposals implement certain measures announced in the 2025 federal budget, as well as other previously announced measures and new technical amendments, including the much-anticipated second package of hybrid mismatch arrangement rules.
Publications and articles