Canada has been an active participant in the base erosion and profit shifting project, a project of the Organisation for Economic Co-operation and Development (OECD) and the G20, for a number of years and has generally supported the OECD's action plan on base erosion and profit shifting. 

As defined by the OECD, base erosion and profit shifting (BEPS) generally refers to tax planning strategies that exploit gaps and mismatches in national tax laws to shift profits to low- or no-tax locations where there is little or no economic activity.


About Norton Rose Fulbright Canada LLP

Norton Rose Fulbright is a global law firm. We provide the world's preeminent corporations and financial institutions with a full business law service. We have 3800 lawyers and other legal staff based in more than 50 cities across Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia.

Recognized for our industry focus, we are strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare.

Wherever we are, we operate in accordance with our global business principles of quality, unity and integrity. We aim to provide the highest possible standard of legal service in each of our offices and to maintain that level of quality at every point of contact.

For more information about Norton Rose Fulbright, see nortonrosefulbright.com/legal-notices.

Law around the world
nortonrosefulbright.com

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.