Publication
Competition Bureau releases guidance on competitor property controls
Canada’s Competition Bureau has released updated guidance on how it will interpret the recent Competition Act amendments targeting property controls.
News about the financing bill (Tax reform)
Global | Publication | November 2018
Wealth Tax Proposal
On October 31, the government announced the financing law with which it expects to raise about 14 billion pesos. Among the proposed changes is a new wealth tax with the following characteristics:
- The tax would have a duration of 2 years, 2019 and 2020.
- It seeks to tax taxpayers of income tax (natural person) with a net equity exceeding $ 3,000 million. Foreign persons and entities would be taxed by their assets owned in the country.
- The taxable base would be the net equity as of January 1, 2019 and by 2020 it could increase or decrease up to 25 per cent of the inflation of the previous year.
The Government proposes the application of the following differential rate:
| Taxable base range in $ | Rate | |
| Lower limit | Upper limit | |
| >=3.000.000.000 | <5.000.000.000 | 0,5% |
| >=5.000.000.000 | Onward | 1% |
Recent publications
Publication
Significant Canadian sanctions package against Russia following the G7 Summit
A significant new sanctions package was announced on June 17, 2025, enacted through three separate amendments to the Special Economic Measures (Russia) Regulations, and came into force retroactively on June 13, 2025.
Subscribe and stay up to date with the latest legal news, information and events . . .