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Transfer pricing refers to the pricing of transactions between related parties within a multinational corporation, and ensuring these prices reflect market conditions and are not influenced by the parties’ relationship. Incorrect transfer pricing and customs valuations, including when importing goods across the Canada-US border, can lead to significant financial consequences, making it crucial for organizations to understand and apply the arm's length principle.
In this episode of In Focus, Baker McKenzie's Julia Webster, Chris Raybould and Patrick de Laperouse examine critical steps organizations can take toward compliance, including reviewing policies, updating declared values, and consulting with experts.
This conversation provides essential insights for finance, tax and legal professionals as well as supply chain executives.
Click below to watch the video chat.
Speakers: Julia Webster, Christopher Raybould and Patrick de Lapérouse
In case you missed it, click here to browse our library of In Focus videos where our lawyers provide insights and quick, practical tips on today's most pressing issues and legal developments impacting organizations operating in Canada.
Subscribe to our Import and Trade Remedies blog (formerly the International Trade Compliance Update) which provides an overview of the latest trends and developments across customs programs, policies and procedures, and trade remedies, including from the WTO and WCO. For other trade developments, please visit our other international trade blogs, including the Global Sanctions and Export Controls blog.
Read the article, Canada Border Services Agency Announces July 2024 Audit Priorities
For more related content, you can access all the "In Focus: Quick Chats for the Canadian Workplace" page here.
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