Canada: Tax mandatory disclosure rules (Video Chat)

By neub9
2 Min Read

In brief

Earlier this year, Canada’s mandatory reporting rules were significantly expanded, with lower thresholds triggering a reporting obligation and increased information requirements to the Canada Revenue Agency. Taxpayers may now be required to report certain mergers and acquisitions transactions in real time if it is reasonably concluded that one of the main purposes was to obtain a tax benefit.

In this In Focus video, our Canadian Tax and Corporate Transactions lawyers discuss how common contractual protection clauses could lead to an early reporting requirement, potentially exposing taxpayers to significant penalties if they fail to report.

Speakers: Andrew Boyd, Andrew Morreale, and Haran Viswanathan.

In Focus is Baker McKenzie’s video chat series for Canadian clients. In each on-demand episode, our lawyers provide insights and practical tips on today’s most pressing legal issues and developments impacting organizations operating in Canada. Explore our program to view past videos.

Andrew Boyd

Andrew Boyd is a partner in Baker McKenzie’s Tax Practice Group in Toronto. His practice focuses on tax litigation and dispute resolution.
Andrew is also an active member of the tax community, having served on the Steering Committee of the Canadian Tax Foundation’s Young Practitioner’s Group (Toronto) for four years, during which time he organized and moderated presentations on topics such as rectification, developments in GAAR jurisprudence, responding to audits, the changing tax litigation landscape, et cetera. He has also presented on evidentiary issues that arise in Tax Court trials and best practices for working with expert witnesses.

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