
Transfer pricing
Simplifying complex transfer pricing compliance
Transfer pricing is a complex area of corporate tax and represents a key point of risk for multinationals. The compliance burden for corporations when it comes to crossâborder transactions is significant â ââ and nonâcompliance can result in costly penalties.Â
Ours transfer pricing team can help you successfully navigate this regulatory maze, by managing all aspects of the transfer pricing reporting process (freeing you up to focus on growing your business instead). Our transfer professionals excel at helping businesses take the right steps to minimize their exposure to lengthy audits, transfer pricing adjustments, double taxation, penalties and interest.Â
Success is in the detailsÂ
Maintaining clarity in transfer pricing requires detailed identification and analysis, as well as proper documentation of transfer of goods, intangibles, the provision of services and financing across borders. These transactions must be reported consistently, in accordance with tax law in all relevant jurisdictions.Â
Our expertise includes:
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We have firms across the country, as well as key partners around the world, allowing us to smoothly handle transactions wherever you do business.Â
The advantage of advance planningÂ
The best way to avoid reassessment and penalties is to identify transactions affected by transfer pricing regulations before they occur. At this early stage, it is possible to ensure adherence to the armâsâlength standards set by the Canada Revenue Agency (CRA) and foreign tax authorities.Â
Connect with your Baker Tilly advisor to learn more.Â