Could the new Canadian legislative proposals affect your company?

August 2012

Overview

US companies with Canadian subsidiaries may be affected by recent legislative proposals issued by the Canadian Department of Finance. The new proposals are intended to limit debt pushdowns and other arrangements involving 'foreign-affiliate dumping' and also limit interest expense deductions claimed by Canadian companies with non-Canadian owners. The proposals generally implement and update elements of the Canadian government’s March 2012 Budget. If enacted, the proposals would generally apply to transactions occurring after March 28, 2012.

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Doug McHoney
Co-leader, US Integrated Global Structuring team
Tel: +1 (312) 298 2527
Email

Calum Dewar
Co-leader, US Integrated Global Structuring team
Tel: +1 (646) 471 5254
Email

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