VAUGHN, Ont. — Modern supply chains often necessitate that businesses establish related legal entities in different tax jurisdictions to facilitate the movement of goods and services across international boundaries.
Are you aware that the Income Tax Act requires that related parties transact with each other at fair market value? Companies may face onerous penalties if transfer pricing errors are made. The Tax Act provisions are rigorous and specific in outlining what must be done to substantiate the reasonableness of internal transfer pricing.
Let Supply Chain and Logistics Canada help you to understand the implications of transfer pricing. The Annual Conference from April 29-May 1 in Vaughan Ontario, is designed for practical discovery and dialogue and will provide you with both exceptional learning and professional development opportunities.
SCL Canada is pleased to bring you Jeff Pellarin, a recognized expert in valuations and transfer pricing issues, to kick off the Innovative Financial Practices track at this years conference.
Mr. Pellarin is Principal in the Business Valuations Group at RSM Richter, one of Canadas leading accounting and professional services firms. Jeff has reported extensively on valuations issues relating to income tax matters, including performing numerous business valuations to support corporate reorganizations and transfer pricing studies, in satisfaction of Canada Revenue Agencys requirements. Mr. Pellarin has been qualified as an expert witness before the Ontario Superior Court, the Alberta Court of Queen’s Bench and the Alberta Securities Commission, and has provided testimony before those courts and tribunals.
In his presentation entitled Understanding Requirements for Transfer Pricing, Mr. Pellarin will explore what is required to support the reasonableness of the transfer pricing policy. This topic will be of interest to those who manufacture in one country, but sells into another; or manufacturers who source or sell components from related parties (parts that are later combined into a final product); or anyone with two independent operating entities in two different countries, which are managed from one “head office” located in one of the countries.
At the end of his lecture, you too will understand how to apply the Transfer Pricing rules and minimize the potential for penalties. Attend the full Conference and be sure to discover how to deal with the challenges encountered by multinational supply chains.
To view the complete program and to register for the Earlybird Special please visit our website at www.sclcanada.org or phone 905-513-7300.