Tag: CCPA Rule
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New CCPA Rule Aims to Repatriate Canadian Businesses from Tax Havens
In a bold move to strengthen its domestic economic landscape, Canada has introduced the Substantive Canadian Controlled Private Corporations (CCPC) rule, targeting businesses and high-net-worth individuals who have historically leveraged tax haven jurisdictions, like the Cayman Islands, to reduce their tax obligations. This legislative change is set to significantly alter the financial strategies of Canadian…