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Source: Canada US Link: Canada Is Imposing Emergency Steel Safeguards on 7 Steel Products and Conducting an Injury Inquiry On October 11, 2018, Canada’s Department of Finance announced that effective October 25, 2018, Canada will be imposing emergency tariff rate quotas on 7 categories of steel products.  The Department of Finance has prepar

Source: Canada US Link: Canada’s Process to Ratify USMCA On September, 2018, the United States, Canada, and Mexico announced that a new NAFTA was agreed and would be called the United States-Mexico-Canada Agreement (“USMCA”) (also known as NAFTA 2.0).  The text of the USMCA was posted on the United States Trade Representative website

Source: Canada US Link: The USMCA Rules of Origin: Changes Affecting Auto Manufacturers and Auto Parts Makers Late in the evening on September 30, 2018, the United States, Canada and Mexico announced the conclusion of negotiations of the United States – Mexico – Canada Agreement (”USMCA”) (also known as NAFTA 2.0). While the text of USMCA r

Source: Tax Law Link: The Three Steps of GAAR Please see Vern Krishna’s latest article for the Taxnet Pro: Tax Disputes & Resolution Centre titled, “The Three Steps of GAAR” where he discusses the general anti-avoidance rule as a statutory commercial commercial purpose test. There are two types of tax avoidance; tax mitigati