On December 14, 2012, Bill C-45 received Royal Asset and was proclaimed into force.  This legislation includes various amendments to the Income Tax Act (Canada) from the March 2012 federal budget, including the sweeping “foreign affiliate dumping” (FAD) rules applicable to any Canadian corporation that is (or becomes) controlled by a non-resident corporation. (...)

type New Foreign Affiliate 'Dumping' Rules Constitute Major Canadian Tax Policy Change (en anglais)