Federal spring economic update tax bill now enacted

CRA further extends administrative relief relating to Regulation 105 withholding tax on subcontractor fees

On 12 June 2026, the Canada Revenue Agency (CRA) announced that it is further extending the administrative relief from Regulation 105 withholding tax on subcontractor fees reimbursed to non-residents that it previously granted, from 30 June 2026 to 31 March 2027.

Alberta revises industrial carbon prices

On 15 May 2026, the federal government released the Implementation Agreement for the Canada-Alberta Memorandum of Understanding of November 27, 2025.

Nunavut Budget 2026

Nunavut Premier and Finance Minister John Main tabled the territory’s 2026 budget on 25 May 2026.

Canada introduces further Pillar Two amendments in Bill C‑31, including new safe harbours and GMTA technical amendments

Bill C‑31, Budget 2025 Implementation Act, No. 2, received first reading on 6 May 2026 and contains significant — though mostly previously announced — proposed amendments to Canada’s Global Minimum Tax Act (GMTA) and Income Tax Act.

CRA intends to postpone new administrative position on GST/HST treatment of trailing commissions

On 13 May 2026, the Canada Revenue Agency (CRA) verbally informed various industry groups that it intends to grant a material extension to the implementation deadline for the application of GST/HST to mutual fund trailing commissions.

Budget 2025 implementation bill no. 2 tabled in the House of Commons

On 6 May 2026, the government tabled Bill C-31, Budget 2025 Implementation Act, No. 2.