Baker Tilly Canada shares input on transfer pricing reform
Waterloo, ON – Baker Tilly Canada is proposing a series of recommendations to support the ongoing development of a robust and effective national transfer pricing framework.
In response to the Department of Finance Canada’s call for consultation on reforming and modernizing transfer pricing rules, Baker Tilly Canada’s National Tax Advisory Committee (NTAC) has provided detailed input that draws upon the network’s transfer pricing expertise. This complex and evolving area of corporate tax impacts Baker Tilly Canada’s multinational enterprise clients.
“This is a key opportunity for open dialogue between stakeholders and the Canadian government,” says NTAC chair Mike Hayward. “Our aim is to contribute valuable insight and collaborate on the continuing development of more modern and effective transfer pricing policies.”
Echoing this sentiment is Dean Morris, Baker Tilly Windsor’s Transfer Pricing senior manager. “Canada’s major trading partners are also making changes to modernize their transfer pricing regimes. We encourage Canada to address these global developments now to avoid costly transfer pricing disputes, which can cause more harm than good,” he notes. “We appreciate the opportunity to draw on our deep experience in this area, and fully share in the objective and spirit of transparency and cooperation.”
The letter to the Department of Finance is available here. Members of the media interested in speaking about transfer pricing rules and Baker Tilly Canada’s recommendations are invited to get in touch.
For further information
Mike Hayward
Dean Morris
Tanya Kostiw
About us
Through its independent member firms, the Baker Tilly Canada Cooperative provides a full complement of financial services across every major industry sector through an established platform, deep local expertise and access to the highest quality resources in the international marketplace. As an independent member of Baker Tilly International, Baker Tilly Canada and its member firms are part of a global network of 658 offices, with 43,000 people in 141 territories.