Along with all G7 countries, Canada is committed to ensuring that transfer pricing is carried out accurately and that it will not result in the erosion of its tax base.
The Canadian government and tax authorities actively monitor multinational enterprises’ reporting of their taxable activity in the nation’s jurisdictions. Multinational enterprises must adhere to guidelines and legislation that govern how the methods for calculating transfer pricing are applied – or they risk becoming embroiled in challenges and disputes.
Author: Asta Rudzikiene
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