Finance released a consultation paper on proposed amendments to Canada’s transfer pricing rules under Section 247 of the Income Tax Act. It took all of five paragraphs (three if you exclude the Overview) to cite Cameco. Will Finance take this opportunity to harmonize its approach with the OECD Guidelines being incorporated in tax law in treaty partner countries, or settle on another Made in Canada approach out of step with the country’s treaty partners? Stay tuned.
Pictured above is a Bennett Buggy, a car without an engine drawn by a horse. A transport necessity during the Great Depression, it was named after the Depression-era Canadian Prime Minister R.B. Bennett. Not to be confused with W.A.C. Bennett, after whom a very useful and long-standing dam was named in Hudson’s Hope, BC.