• Canada and China Sign Investment Treaty; Provide Protection to Investors against Arbitrary Government Actions
  The Governments of Canada and People Republic of China signed a bilateral investment treaty, the Canada-China Foreign Investment Promotion and Protection Agreement (Canada-China FIPA) on September 8, 2012.
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• Canada Budget Cuts Affect Scientific R&D and Overseas Employment Tax Credits
  A conservative budget plan for 2012 in Canada proposes to gradually phase out the Overseas Employment Tax Credit (OETC) from the 2013 tax year onwards and reduces the Scientific Research and Experimental Development Program (SR&ED) investment tax credit from 20% to 15%.
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• Canada Business Guide
  Canada Business Guide - Nair & Co. helps organization set up and operate in Canada with legal entity set up support that includes managing the complete legal entity documentation and registration process. We advise companies on Canada employment laws, help manage payroll, corporate taxes, VAT/Indirect Tax and day-to-day accounting issues.
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• Canada Employment Law Update: Employers Must Document Extension of Notice Periods
  Employers in Canada who wish to extend their employees’ notice period must document the extension in writing to avoid any litigation. The document should clearly indicate the employee's consent for such an extension.
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• Canada Introduces Economic Action Plan 2013
  The Canadian Minister of Finance recently introduced the Economic Action Plan 2013 Act in an effort to stimulate the economy and job creation, reports Nair & Co. International Tax Team.
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• Canada Offers New Tax Credit for Care-givers
  Canada has announced a federal tax credit for families which came into effect on January 1, 2012.
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• Canada Releases Ceilings and Rates for Pension Contribution for 2014
  The Canadian government has announced an increase in the maximum pensionable earnings under the Canadian Pension Plan (CPP), reports Nair & Co.’s International HR Team.
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• Canada Releases Details of New Tax Measures
  The Canadian Finance Minister announced details of the new tax measures which include an expanded list of medical devices and prescription drugs that are free from Goods and Services Tax/ Harmonized Sales Tax.
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• Canada’s New Visa Rule – Mandatory Biometrics from Thirty Jurisdictions
  Canada has made biometrics mandatory for the nationals of thirty Jurisdictions applying for Canadian visitor visas, study permits, or work permits, commencing 2013. Applicants seeking to enter Canada will now have to provide finger prints and digital photographs.
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• Canadian Supreme Court Sets up Key Principles in Transfer Pricing
  In a case involving The Queen and Glaxo Smith Kline Inc. (GSK), the Supreme Court of Canada has recently released its first verdict on transfer pricing regulations by establishing certain important principles that are vital for Canadian multi-nationals.
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