This course provides students with an in-depth understanding of the international dimensions of the Canadian Income Tax Act (ITA), tax treaties, and recent global tax reform measures, enhancing their statutory interpretation and problem-solving skills. The globalization of trade and investment flows profoundly affects the practices and policies of income taxation, particularly for Canadian corporations engaged in international business. Students will explore cross-border tax issues that are critical for Canadian lawyers. The curriculum covers both domestic tax law and international tax treaties, focusing on jurisdiction to tax, non-residents investing in Canada, cross-border services, Canadian investments offshore, the foreign affiliate system, foreign tax credits, electronic commerce, and transfer pricing. By examining case studies and real-world examples, students will develop a comprehensive understanding of how international tax principles are applied in practice.
The course will also address the ongoing international dialogue on tax policy, spurred by initiatives from the Organisation for Economic Co-operation and Development (OECD) and the G20. This dialogue aims to identify and deter strategies multinational enterprises use to shift income from high-tax jurisdictions, which can create friction among countries regarding their taxing rights. The course will explore these challenges and potential modifications to tax laws, the role of private and public international law, and the practical responses by multinational enterprises.
Method of Evaluation: a) 100% exam or b) 25% quizzes and 75% exam.