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Canada: Updates on 2026 direct and indirect tax rates and other changes for accounting purposes

Summary of recent federal and provincial corporate tax legislation and pending measures for financial reporting.

july 8, 2026

Corporations or other organizations preparing financial reports need to be aware of substantively enacted or enacted changes to income tax rates and measures affecting financial statements.

Read a July 2026 report prepared by the KPMG member firm in Canada that reflects Canadian federal and provincial/territorial income tax legislation substantively enacted or enacted between April 1, 2026, and June 30, 2026, and also includes a summary of select outstanding income tax measures affecting businesses that have been announced, but are not yet substantively enacted.

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