Promise History
3.03.53 - “A re-elected Liberal government will […] [w]ork with our international partners to implement a global minimum tax so that the biggest companies in the world are not able to escape the taxes they owe here in Canada”
12-Jul-2023
“Canada’s priority and preference has always been a multilateral approach. We continue to strongly support the two-pillar plan agreed to in 2021 and we have been actively working with our international partners to bring it into effect. As confirmed in Budget 2023, we are moving ahead with legislation to implement the Pillar Two global minimum tax in Canada, starting at the end of 2023”
28-Mar-2023
“Budget 2023 reaffirms Canada’s intention, announced in Budget 2022, to introduce legislation implementing the Pillar Two global minimum tax. The primary charging rule of Pillar Two and a domestic minimum top-up tax would be effective for fiscal years of multinational corporations that begin on or after December 31, 2023. The secondary charging rule would be effective for fiscal years that begin on or after December 31, 2024. The government will continue to monitor international developments as it moves forward with the implementation of Pillar Two”
Budget 2023 - A-made-In-Canada Plan-Department of Finance
22-Feb-2022
“Starting in 2023, large MNEs will be subject to a minimum corporate tax rate of 15 percent. “
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