Canada to prioritize tax rulings for large investment proposals

Bloomberg: Canada will prioritize requests for income tax clarity related to investments of at least C$1 billion ($720 million), a move meant to help international firms seeking to deploy capital in the nation.

Finance Minister Francois-Philippe Champagne will announce the change Monday in Toronto, ahead of the inaugural Canada Investment Summit. The faster processing is intended to “provide additional support to some of the world’s largest investors,” Canada’s tax agency said in a statement seen by Bloomberg News…

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