Bill C-47: International Tax Amendments
This article, authored by RSM Canada, highlights the international aspects of the recent amendments to Bill C-47 in Canada’s Income Tax Act.
The article covers the expansion of withholding tax obligations for non-residents, the narrowing of the money lending business exception, and the introduction of a new functional currency and broader stop-loss provision.
The aforementioned changes have compliance implications for companies that conduct business across borders.
