Former Finance analyst intimates that the Canadian thin cap rules may be expanded in light of the BEPS process

In an IFA-conference presentation this morning on BEPS by Phil Halvorson, who was seconded to Finance until 1 May 2015, but was speaking in a non-representative capacity, he indicated that the topic that the greatest attention should be paid to by the Canadian tax community was that of interest deductibility. Finance has an interest in expanding and modernizing the scope of the Canadian thin cap rules and is "keenly" interested in how this is being addressed under BEPS.

Neal Armstrong. Summary of Halvorson presentation under Roundtables – 2015 IFA Conference.