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
-
Advancing Canada’s defence innovation
09 Apr 2026 -
Canadian Insurance Outlook 2026: navigating uncertainty, unlocking opportunity
13 Mar 2026 Financial services -
From bottleneck to accelerator: the strategic role of digital identity controls for industrials and energy companies
18 Feb 2026 Energy and resources
Tax Alert 2026 No. 37, 10 July 2026
As announced by the Minister of Finance and National Revenue on 3 June 2026, Canada is extending its steel tariff rate quota regime that applies to imports from non-CUSMA partners for an additional year. Canada is also extending tariff relief for eligible steel and aluminum products from the United States, and for eligible steel products subject to derivative tariffs.
Access the full content in the PDF attached below.
Read Tax Alert in full
Issue No. 37, 10 July 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
In ExxonMobil Canada Resources Company v. The King, 2026 TCC 42, the Tax Court of Canada issued a judgment that significantly expands the transfer pricing jurisprudence in Canada.
Federal spring economic update tax bill now enacted
On 18 June 2026, amended federal Bill C-30, Spring Economic Update 2026 Implementation Act (Bill C-30), received Royal Assent.
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 Premier and Finance Minister John Main tabled the territory’s 2026 budget on 25 May 2026.
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.
Publications and articles