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【Cross-Border Tax】CANADA: Further amendments to GAAR legislation

The latest iteration of the Canadian federal government's amendments to its General Anti-Avoidance Rule (GAAR), introduced to parliament on 30 November 2023 in Bill C-59, alters the new economic substance test to state that 'significantly lacking' economic substance is an 'important consideration that tends to indicate' there has been a misuse or abuse....

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