Canada’s MLI reservations and notifications should be available this summer

Stephanie Smith of the Department of Finance tentatively estimated that Canada will sign the MLI in the summer of 2017, at which time it would list its preliminary notifications and reservations. Entry into force might occur on December 1, 2018, in which case entry into effect for withholding tax purposes would occur effective January 1, 2019, and entry into effect for other taxes relating to calendar years would occur for 2020 and subsequent years.

The MLI arbitration clause in significant part bears the imprint of the arbitration provisions in the Canada-U.S. Treaty.

There will be significant work to come up with bilateral Technical Explanations and the like between MLI counterparties.

Neal Armstrong. IFA 2017 Annual Conference - Stephanie Smith on MLI.