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Canada Provides Guidance on Enhanced Mandatory Disclosure Rules

|Approved Changes|Canada
Canada

Canada's Revenue Agency has published guidance on the mandatory disclosure rules, which were enhanced as part of the Budget Implementation Act 2023 No. 1 (Bill C-47). As previously reported, this includes the modification of the reporting requirements in respect of reportable transactions, as well as new reporting requirements for notifiable transactions and uncertain tax treatments. Further, …

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