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Excessive interest and financing expenses limitation rules (EIFEL)

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The rules address concerns on base erosion and profit shifting (BEPS) to:

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+Excessive interest and financing expenses limitation rules

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The excessive interest and financing expenses limitation (EIFEL) rules limit the deductibility of interest and financing expenses by affected corporations and trusts.

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The rules address concerns on base erosion and profit shifting (BEPS) to:

  • Bring Canada in line with other foreign jurisdictions, and
  • Make sure taxpayers pay their fair share of taxes
    • @@ -222,108 +445,193 @@

    Keeping records

    Related information

    Avoiding penalties

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Source of the rules

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The bill containing the rules received royal assent on June 20, 2024.

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The rules are contained in sections 18.2 and 18.21 of the Income Tax Act and are based on the Organisation for Economic Co-operation and Development’s BEPS Action 4 report.

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Page details

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Date modified:
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Source of the rules

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The bill containing the rules received royal assent on DATE.

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The rules are contained in sections 18.2 and 18.21 of the Income Tax Act and are based on the Organisation for Economic Co-operation and Development’s BEPS Action 4 report.

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Date modified:
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