Global Minimum Tax Act (S.C. 2024, c. 17, s. 81)

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Act current to 2026-04-28 and last amended on 2026-03-26. Previous Versions

RELATED PROVISIONS

— 2024, c. 17, ss. 81(2), (3)
- - 81 (2) Subject to subsection (3), the Global Minimum Tax Act, as enacted by subsection (1), applies to fiscal years of a qualifying MNE group that begin on or after December 31, 2023.
  - (3) Section 54 of the Global Minimum Tax Act, as enacted by subsection (1), applies to fiscal years of a qualifying MNE group beginning on or after December 31, 2023, except that any penalty imposed by the application of that section applies in respect of transactions that occur on or after the first day on which both this Act and the Fall Economic Statement Implementation Act, 2023 have received royal assent.
— 2024, c. 17, s. 111(34)
- - (34) Section 54 of the Global Minimum Tax Act, as enacted by subsection (33), applies to fiscal years of a qualifying MNE group beginning on or after December 31, 2023, except that any penalty imposed by the application of that section applies in respect of transactions that occur on or after the first day on which both this Act and the Fall Economic Statement Implementation Act, 2023 have received royal assent.