Canada Fast-Tracks Tax Rulings for $1 Billion Investments as Tariff War Drives Capital Push
Updated
Updated · The Globe and Mail · Sep 14
Canada Fast-Tracks Tax Rulings for $1 Billion Investments as Tariff War Drives Capital Push
1 articles · Updated · The Globe and Mail · Sep 14
Summary
$1-billion-plus investments will be eligible for binding advance tax rulings, Finance Minister François-Philippe Champagne said, giving investors clarity on how Canadian tax law will apply before they commit capital.
Ottawa is pitching the measure as a way to cut one more source of deal uncertainty as it tries to counter complaints that Canada is too slow and cumbersome for major projects and transactions.
The announcement came as Prime Minister Mark Carney’s Toronto investment summit opened with hundreds of executives and investors, part of a broader campaign to draw money to Canada amid the escalating U.S. tariff fight.
That push is being reinforced by private-sector pledges, including TD’s $150-billion financing plan and Scotiabank’s more than $100-billion commitment for Canadian growth sectors.