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In an increasingly flexible world, moving across the border may be more viable for Canadians and Americans; however, relocating may also have complex tax implications.
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Transfer pricing is a complex area of corporate taxation that is concerned with the intra-group pricing of goods, services, intangibles, and financial instruments. Transfer pricing has become a critical governance issue for companies, tax authorities and policy makers, and represents a principal risk area for multinationals.
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Related insights:

Tax Alert Prorogation of Parliament: How does this impact tax proposals?

Canadian businesses are monitoring potential effects of US tax policies on cross-border trade, the Canadian economy etc. under Donald Trump's administration.

3 min read | 10 Jan 2025

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Modern Slavery Act Uncovering myths: Modern Slavery Act

After the first year of reporting in 2024, there are some common misconceptions about the Modern Slavery Act and how organizations can comply. We’re addressing four myths to help you understand how these rules may affect your business in time for the 2025 reporting cycle.

02 Dec 2024

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Related insights:

Assurance Important changes coming to AgriInvest in 2025
AgriInvest is a business risk management program that helps agricultural producers manage small income declines and improve market income.

2 min read | 13 Jan 2025
ASPE Sec. 3041 Agriculture Understanding and applying the new ASPE Section 3041 Agriculture
The Canadian Accounting Standards Board (AcSB) has released new guidance on recognizing, measuring and disclosing biological assets and the harvested products of bio assets.

16 Feb 2022
Tax alert Agricultural Clean Technology Program
The Agricultural Clean Technology Program will provide financial assistance to farmers and agri-businesses to help them reduce greenhouse gas (GHG) emissions.

17 Jun 2021
Tax alert ACT Program – Research and Innovation Stream explained
The ACT Research and Innovation Stream provides financial support to organizations engaged in pre-market innovation.

17 Jun 2021

Cannabis

Whatever your goal, the experts at Grant Thornton are ready to work with you to map out a plan for success. As members of the Global Cannabis Partnership...

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Charities & not-for-profit

Here’s to the change-makers, the believers and the community-builders. Charities and not-for-profit organizations truly stand apart from the crowd. In today’s...

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In today’s economic climate, it’s more important than ever to have a strong advisory partner on your side.
Real Estate Service Providers
Your company plays a key role in the success of landlords, investors and owners, but who is doing the same for you?

Related insights:

Real estate and construction 2024 Real estate market summary: seeking optimism in uncertainty

Looking back, the theme for 2023 in the real estate industry was one of caution as investors and real estate owners braced for the effects of rising interest and inflation rates to stabilize.

1 min read | 08 Mar 2024

Energy and natural resources

It’s not business as usual within the energy and natural resources sectors. Change has become constant and disruptive, in part a result of consolidation and...

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Mining
There’s no business quite like mining. It’s volatile, risky and complex – but the potential pay-off is huge. You’re not afraid of a challenge: the key is finding the right balance between risk and reward. Whether you’re a junior prospector, a senior producer, or somewhere in between, we’ll work with you to explore, discover and extract value at every stage of the mining process.
Oil & gas
The oil and gas industry is facing many complex challenges, beyond the price of oil. These include environmental issues, access to markets, growing competition from alternative energy sources and international markets, and a rapidly changing regulatory landscape, to name but a few.

Financial Services

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Canadian manufacturers seeking to grow their businesses must address common issues, including limited access to finance, high raw material costs, inflexible...

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To acquire high-quality assets in today’s unprecedented competitive global market, private equity firms and their portfolio companies must be increasingly...

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At Grant Thornton, we have the real-world experience and knowledge that can help you in considering all of your strategic alternatives. Whether it be managing...

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Tax Alerts cover tax news and changes in legislation that affect Canadian businesses.

Tax Alert Prorogation of Parliament: How does this impact tax proposals?

Canadian businesses are monitoring potential effects of US tax policies on cross-border trade, the Canadian economy etc. under Donald Trump's administration.

3 min read | 10 Jan 2025

Budget 2025 Summary: Fall Economic Statement 2024

FES 2024 announces a deficit of $61.9 billion and projects a deficit of $48.3 billion in 2024-2025 in the baseline projection. This is compared to a deficit of $39.8 billion projected for the same period in Budget 2024.

11 min read | 16 Dec 2024

Tax Alert Canada announces a temporary GST holiday

The federal government has announced plans to introduce legislation that would provide a two-month GST/HST relief on a variety of consumer goods.

2 min read | 03 Dec 2024

Modern Slavery Act Modern Slavery Act: Prepare your business for reporting requirements

Certain Canadian entities must examine their supply chain and prepare for annual reporting obligations to comply with rules under the Modern Slavery Act.

6 min read | 28 Nov 2024

Tax alert T3 Schedule 15: Does your trust have additional reporting requirements?

In its last update on August 12, 2024, the Department of Finance (Finance) released draft legislation that proposes changes to these rules, which were originally enacted on December 15, 2022. It’s critical that you determine your trust’s reporting requirements each tax year as the non-compliance penalties are significant.

7 min read | 18 Nov 2024

Tax Alert Flipping a house? Your gain could be fully taxable under this new rule

The federal government has released draft legislation for the new residential property flipping rule introduced in Budget 2022. Read more in our summary.

6 min read | 06 Nov 2024

Budget 2025 Ontario Fall Economic Statement 2024

The ON FES 2024 estimates a $6.6 billion deficit for the 2024-25 fiscal year, a decrease from $9.8 billion mentioned in this year's provincial budget.

3 min read | 30 Oct 2024

Tax Alert Pillar Two: Canada’s Global Minimum Tax Act explained

Certain multinational enterprise groups may be subject to a minimum effective tax rate of 15% on income in every country they do business, under new GMT rules.

12 min read | 24 Sep 2024

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