The corporate tax rate in Canada is ~26,5% and consists of a 15% federal tax component and an 11 – 16% provincial tax component.
Canada as a member of the OECD endorses the OECD TPG. The TPG provide guidance but 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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