Monthly Archives: December 2020

“Modernizing the General Anti-Avoidance Rule” in the Fall Economic Update: Time for An Economic Substance Doctrine?

  On November 30, 2020, the Government of Canada released its Fall Economic Statement 2020. The Statement is titled “Supporting Canadians and Fighting COVID-19” and part of Chapter 4 addresses “modernizing anti-avoidance rules”. In one short paragraph, the Government of Canada expresses concerns about any complex tax structure “that does not serve an economic purpose, […]