Multinational entities and individuals affected by recent international travel restrictions may find relief in new guidance from the Canada Revenue Authority (CRA)—relief provided in response to the coronavirus (COVID-19) pandemic.
The CRA guidance addresses cross-border tax issues caused by these restrictions. Specifically, the CRA guidance clarifies that prolonged stays in Canada that solely result from travel restrictions will not necessarily affect the tax residency or permanent establishment of a non-resident entity.
The CRA guidance also:
Read a May 2020 report prepared by the KPMG member firm in Canada
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