eprivateclient

Regional roundup- North America

News Team, 26/09/2019

eprivateclient took a quick look at what’s happened in North America…

In Canada, withholding tax may soon be applied to companies controlled by non-resident trusts. The consultation closes on 7 October on the Department of Finance Canada's proposed legislation to broaden the foreign affiliate dumping rules to catch individuals, trusts and estates, as well as Canada-resident corporations controlled by non-resident corporations.

The new rules would impose non-resident withholding tax on constructive upstream dividends where controlling interests in the corporation are owned by individual...


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