PwC’s Submissions on Amendments Regarding the Taxation of Foreign Affiliates

On October 19, PwC Canada submitted its recommendations to the Department of Finance regarding the August 19, 2011 Amendments Regarding the Taxation of Foreign Affiliates. PwC’s recommendations are directed at clarifying the tax policy underlying the August 19 Amendments so their enactment will enhance the efficiency and fairness of Canada’s foreign affiliate system while reducing the compliance and the administrative and enforcement burden on taxpayers and the Canada Revenue Agency (CRA). The submission is also aimed at minimizing the disruption to normal business operations of Canadian companies carrying on active business outside Canada. Read our government submission to learn more.