Global Minimum Tax Act (S.C. 2024, c. 17, s. 81)

AMENDMENTS NOT IN FORCE

• — 2024, c. 17, ss. 111(1), (31), (32)

  • Bill C-59

    • 111 (1) Subsections (2) to (34) apply if Bill C-59, introduced in the 1st session of the 44th Parliament and entitled the Fall Economic Statement Implementation Act, 2023 (in this section referred to as the “other Act”), receives royal assent.

    • (31) On the first day on which both subsection 96(1) of the other Act and subsection 81(1) of this Act are in force, the description of B in paragraph 66(2)(a) of the Global Minimum Tax Act is replaced by the following:

      B

      is the total of all amounts, if any, the transferee was assessed under paragraph 97.44(1)(b) of the Customs Act, subsection 325(2) of the Excise Tax Act, subsection 160(2) of the Income Tax Act, subsection 297(3) of the Excise Act, 2001, subsection 161(1) of the Greenhouse Gas Pollution Pricing Act, subsection 80(3) of the Underused Housing Tax Act, subsection 150(4) of the Select Luxury Items Tax Act or subsection 52(5) of the Digital Services Tax Act in respect of the property, and

    • (32) On the first day on which both subsection 96(1) of the other Act and subsection 81(1) of this Act are in force, section 76 of the Global Minimum Tax Act is replaced by the following:

      • Restriction — unfulfilled filing requirements

        76 The Minister must not, in respect of a person, refund, repay, apply to other debts or set off amounts under this Act until the person has filed with the Minister all returns and other records of which the Minister has knowledge that are required to be filed under this Act, the Income Tax Act, the Excise Tax Act, the Excise Act, 2001, the Air Travellers Security Charge Act, the Greenhouse Gas Pollution Pricing Act, the Underused Housing Tax Act, the Select Luxury Items Tax Act and the Digital Services Tax Act.