On 22 March 2015, Canadian Finance Minister Bill Morneau tabled the 2016 Budget. The main tax related aspects of the Budget are summarized as follows.

CbC Reporting

Country-by-Country (CbC) reporting requirement will be implemented based on the guidelines developed as part of Action 13 of the OECD BEPS Project. The reporting requirement will apply for ultimate parent entities of MNE groups r…