Bill C-82 (Historical)

Multilateral Instrument in Respect of Tax Conventions Act

An Act to implement a multilateral convention to implement tax treaty related measures to prevent base erosion and profit shifting

This bill was last introduced in the 42nd Parliament, 1st Session, which ended in September 2019.

Sponsor

Bill Morneau Liberal

Status

This bill has received Royal Assent and is now law.

Summary

This is from the published bill. The Library of Parliament often publishes better independent summaries.

This enactment implements a multilateral instrument in respect of conventions for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.
The multilateral instrument is an international treaty developed as part of the G20 and OECD’s project to tackle base erosion and profit shifting (BEPS). The purpose of the multilateral instrument is to modify, in their application, tax conventions between two or more parties to the multilateral instrument so as to further the objectives of the tax convention. The multilateral instrument operates alongside tax conventions to modify them in their application; it does not directly modify the text of the tax conventions. The multilateral instrument will apply to a Canadian bilateral double tax convention only if both parties to the convention notify the depositary that the convention is intended to be covered by the multilateral instrument. The Secretary-General of the OECD is the depositary of the multilateral instrument. The implementation of the multilateral instrument requires the enactment of this Act.

Elsewhere

All sorts of information on this bill is available at LEGISinfo, an excellent resource from the Library of Parliament. You can also read the full text of the bill.

Votes

April 8, 2019 Passed Concurrence at report stage of Bill C-82, An Act to implement a multilateral convention to implement tax treaty related measures to prevent base erosion and profit shifting

Finance Committee, on Feb. 5, 2019

Trevor McGowan, Director General, Tax Legislation Division, Tax Policy Branch, Department of Finance
Kim Rudd, Northumberland—Peterborough South, Lib.
Stephanie Smith, Senior Chief, Tax Legislation Division, Tax Policy Branch, Department of Finance
Peter Fragiskatos, London North Centre, Lib.
Blake Richards, Banff—Airdrie, CPC

Finance Committee, on Feb. 7, 2019

Patrick Marley, Co-Chair of Tax Group, Osler, Hoskin & Harcourt LLP, As an Individual
Toby Sanger, Executive Director, Canadians for Tax Fairness
Kim Rudd, Northumberland—Peterborough South, Lib.
Peter Fragiskatos, London North Centre, Lib.
Blake Richards, Banff—Airdrie, CPC

Finance Committee, on Feb. 21, 2019

Joël Lightbound, Parliamentary Secretary to the Minister of Finance
Brian Ernewein, Assistant Deputy Minister, Tax Legislation, Department of Finance
Peter Fragiskatos, London North Centre, Lib.

Finance Committee, on Feb. 28, 2019

Blake Richards, Banff—Airdrie, CPC
Clerk of the Committee, Mr. David Gagnon
Gillian Pranke, Deputy Assistant Commissioner, Assessment, Benefit, and Service Branch, Canada Revenue Agency
Bob Hamilton, Commissioner of Revenue and Chief Executive Officer, Canada Revenue Agency
Peter Fragiskatos, London North Centre, Lib.
Geoff Trueman, Assistant Commissioner, Legislative Policy and Regulatory Affairs Branch, Canada Revenue Agency
Ted Gallivan, Assistant Commissioner, International, Large Business and Investigations Branch, Canada Revenue Agency
Daryl Boychuk, Expert Advisor, Tax Legislation Division, Tax Policy Branch, Department of Finance
Trevor McGowan, Director General, Tax Legislation Division, Tax Policy Branch, Department of Finance