The corporate tax rate consists of a 15% federal tax component and an 8 – 16% provincial tax component.
Canada endorses the OECD Transfer Pricing Guidelines but these are not law in Canada (See the GlaxoSmithKline case below).
Transfer pricing is regulated in Section 247 of the Income Tax Act, RSC 1985, c 1 (5th Supp) (ITA);Information Circular 87-2R International Transfer Pricing;
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