Multilateral Instrument in Respect of Tax Conventions Act (S.C. 2019, c. 12)

Marginal note:Short title

1 This Act may be cited as the Multilateral Instrument in Respect of Tax Conventions Act.

Marginal note:Definition of multilateral instrument

2 In this Act, multilateral instrument means the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting set out in the schedule.

Marginal note:Multilateral instrument approved

3 The multilateral instrument is approved and has the force of law in Canada during the period that the multilateral instrument, by its terms, is in force for Canada.

Marginal note:Inconsistent laws — general rule

• 4 (1) Subject to subsection (2), in the event of any inconsistency between the provisions of this Act or the multilateral instrument and the provisions of any other law, the provisions of this Act and the multilateral instrument prevail to the extent of the inconsistency.

• Marginal note:Inconsistent laws — exception

  (2) In the event of any inconsistency between the provisions of the multilateral instrument and the provisions of the Income Tax Conventions Interpretation Act, the provisions of that Act prevail to the extent of the inconsistency.

Marginal note:Regulations

5 The Minister of National Revenue may make any regulations that are necessary for carrying out the multilateral instrument or for giving effect to any of its provisions.

Marginal note:Notifications

6 The Minister of Finance must cause to be published in the Canada Gazette

• Footnote ^*(a) on or before the 60th day following the day on which the multilateral instrument enters into force for Canada, a notice of the day on which the multilateral instrument so entered into force; and

  • Return to footnote ^*[Note: Notice given that the Multilateral Instrument entered into force on December 1, 2019, see Canada Gazette Part I, Volume 154, page 124.]

• (b) on or before the 60th day following the day on which Canada withdraws from the multilateral instrument, a notice of withdrawal and the date on which it takes effect.