Update On Implementation Of The Multilateral Instrument In Canada

Canada signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting [PDF] ― also known as the Multilateral Instrument or MLI ―  in June 2017, and subsequently commenced its domestic process to ratify the MLI in June 2018 by tabling Bill C-82, An Act to implement a multilateral convention to implement tax treaty related measures to prevent base erosion and profit shifting in the House of Commons.

Current status of MLI implementation in Canada

Bill C-82 is currently in its third reading in the House of Commons ― having been approved without revision by the House of Commons Standing Committee on Finance. In order for Canada to complete its domestic ratification procedures with respect to the MLI, Bill C-82 must be approved by the House of Commons, and debated, studied and approved by the Senate. Following passage of the bill through both the House of Commons and the Senate, Bill C-82 must receive royal assent.