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ARTICLE · 10 DECEMBER 1998

Advance Pricing Agreements can Reduce Income Tax Uncertainty

PwC Management Services LP
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CanadaAccounting and Audit

Advance Pricing Agreements can Reduce Income Tax Uncertainty - PricewaterhouseCoopers LLP

Transfer pricing has become one of the most talked-about topics in international tax, for several reasons. Perhaps the most important is the fact that the world economy has become increasingly global. Markets not long ago considered separate and distinct are now seen as one. With many Canadian corporations (and not just multinationals) conducting more business abroad, issues involving inter-company transactions are surfacing.

Transfer Pricing

A transfer price is the amount a corporate entity charges to, or is charged by, related entities in another country for goods and services. That price is used in calculating the taxable income of the related entities, both in Canada and in the foreign country.

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