Multilateral Instrument in Respect of Tax Conventions Act
An Act to implement a multilateral convention to implement tax treaty related measures to prevent base erosion and profit shifting
Bills that amended this Act0
No published amendment links yet for this Act.
Sections10
- 1Short title
This Act may be cited as the Multilateral Instrument in Respect of Tax Conventions Act.
- 2Definition of multilateral instrument
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.
- 3Multilateral instrument approved
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.
- 4Inconsistent 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.
- 4(2)Inconsistent laws — exception
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.
- 5Regulations
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.
- 6Notifications
The Minister of Finance must cause to be published in the Canada Gazette
- 6*(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 [Note: Notice given that the Multilateral Instrument entered into force on December 1, 2019, see Canada Gazette Part I, Volume 154, page 124.]
- 6(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.