New Canadian Interest Limitation Rules
New Canadian interest limitation draft legislative rules, known as the Excessive Interest and Financing Expenses Limitation Regime (EIFEL), were released on February 4, 2022, by the Department of Finance (“Finance”). The EIFEL rules will limit the amount of net interest and financing expenses that certain taxpayers may deduct in computing their taxable income, based on […]
Canadian Corporation vs Canadian Branch Tax Implications
Non-residents wanting to do business in Canada need to carefully select the right structure as the structure would have different tax implications in Canada and in the home country jurisdiction. This article focuses on U.S. parent corporations wanting to do business in Canada through a Canadian Branch or a Canadian corporation.
