Update one-pager-v2.html

en/one-pager-v2.html

@@ -145,16 +145,16 @@ <h2 class="panel-title">Related information</h2>
       <p>Members of qualifying MNE groups may have to register and file a return. Information on registration will be available at a later date.</p>
       <h2><strong>On this page</strong></h2>
       <ul>
-        <li><a href="#gmt">Learn about the global minimum tax</a></li>
-        <li><a href="#wh_rgstr">Find out who must register and file</a></li>
+        <li><a href="#gmt">About the global minimum tax</a></li>
+        <li><a href="#wh_rgstr">Who must register and file</a></li>
         <!--<li><a href="#rgstr">Register with the CRA</a></li>-->
-        <li><a href="#fl_rtrn">Find out when and how to file</a></li>
+        <li><a href="#fl_rtrn">When and how to file</a></li>
         <li><a href="#cntct">Contact us</a></li>
       </ul>
 
       <!-- Understand the tax -->
 
-      <h2 id="gmt">Learn about the global minimum tax</h2>
+      <h2 id="gmt">About the global minimum tax</h2>
       <p>Canada is one of the members of the Organisation for Economic Co-operation and Development (OECD) and Group 20 (G20) Inclusive Framework on Base Erosion and Profit Shifting (the Inclusive Framework). As a member, Canada has joined a two-pillar plan for international tax reform. Pillar two is a key part of the two-pillar plan.</p>
       <!-- Pillar Two -->
       <h3>Pillar Two</h3>
@@ -165,11 +165,12 @@ <h3>The Global Minimum Tax Act</h3>
       <p>The Act received royal assent on <span class="nowrap">June 20, 2024</span> and applies to qualifying MNE groups for fiscal years that begin on or after <span class="nowrap">December 31, 2023</span>.</p>
       <p>Part 2 of the Act implements aspects of the Pillar Two Income Inclusion <span class="nowrap">Rule (IIR)</span> found in <span class="nowrap">Articles 2.1</span> <span class="nowrap">to 2.3</span> of the GloBE Model Rules. As a global minimum tax it imposes liability for top-up tax on certain persons in respect of a qualifying MNE group.</p>
       <p>Part 3 of the Act allows Canada to retain taxing rights on income sourced in Canada. As a domestic minimum top-up tax it ensures any qualifying MNE groups with Canadian entities will pay the minimum rate of 15% tax in Canada in respect of those entities.</p>
-      <h3>The Undertaxed Profit Rule</h3>
-      <p>Finance released draft legislation on <span class="nowrap">August 12, 2024</span> proposing a <span class="nowrap">Part 2.1</span> to the Act that would implement aspects of the Pillar Two Undertaxed Profit Rule (UTPR) found in Articles 2.4 to 2.6 of the GloBE Model Rules. If enacted in its proposed form, <span class="nowrap">Part 2.1</span> would apply to qualifying MNE groups for fiscal years that begin on or after <span class="nowrap">December 31, 2024</span>.</p>
-
+      <div class="alert alert-info">
+        <h4>Proposed Part 2.1 to the act</h4>
+        <p>Finance released draft legislation on <span class="nowrap">August 12, 2024</span> proposing a <span class="nowrap">Part 2.1</span> to the Act that would implement aspects of the Pillar Two Undertaxed Profit Rule (UTPR) found in Articles 2.4 to 2.6 of the GloBE Model Rules. If enacted in its proposed form, <span class="nowrap">Part 2.1</span> would apply to qualifying MNE groups for fiscal years that begin on or after <span class="nowrap">December 31, 2024</span>.</p>
+      </div>
       <!-- Who -->
-      <h2 id="wh_rgstr">Find out who must register and file</h2>
+      <h2 id="wh_rgstr">Who must register and file</h2>
       <p>A qualifying MNE group may be required to register with the Canada Revenue Agency (CRA) and file a form for a particular fiscal year when:</p>
       <ul>
         <li>The group has €750 million in revenue or more reported in the consolidated financial statements of its ultimate parent entity, in at least <span class="nowrap">2 of</span> the 4 fiscal years immediately preceding the particular fiscal year</li>
@@ -180,14 +181,15 @@ <h2 id="wh_rgstr">Find out who must register and file</h2>
         <li>a global minimum tax return</li>
         <li>a global minimum tax notification form</li>
       </ul>
+      <h3>Why designate a filing entity or person</h3>
       <p>One constituent entity or person may be appointed as the designated filing entity or person to file on behalf of all constituent entities or persons that must file with the CRA.</p>
       <h3>Who must file a GloBE information return</h3>
       <div class="wb-tabs mrgn-tp-md">
         <div class="tabpanels">
           <details id="interactive" open>
             <summary>Answer interactive questions</summary>
             <div class="pl-2">
-              <p>To determine which entities must file a GIR with the CRA, use the following interactive questions, and select the options that apply to your MNE group.</p>
+              <p>To determine which entities must file a GIR with the CRA, use the following interactive questions.</p>
               <p class="rpy-ff hidden mrgn-tp-sm mrgn-bttm-lg">A <a href="#full-text" class="wb-tabs-ext">text version</a> is available if needed.</p>
               <div class="alert alert-warning mrgn-tp-md" id="norun">
                 <p>If the interactive questions do not appear, view the <a href="#full-text" class="wb-tabs-ext">text version</a>.</p>
@@ -211,7 +213,7 @@ <h3>Who must file a GloBE information return</h3>
                             <li>No, the ultimate parent entity is located outside of Canada.
                               <div class="wb-fieldflow-sub" data-wb-fieldflow="{&quot;noForm&quot;: true, &quot;isoptional&quot;: true, &quot;gcChckbxrdio&quot;:true, &quot;renderas&quot;:&quot;radio&quot;, &quot;reset&quot;: {&quot;action&quot;: &quot;addClass&quot;, &quot;source&quot;: &quot;.alert1&quot;, &quot;class&quot;: &quot;hidden&quot;}}">
                                 <div class="wb-fieldflow-header">
-                                  <p class="wb-fieldflow-label">Is there a qualifying foreign filing entity?</p>
+                                  <p class="wb-fieldflow-label">Is there a <a class="wb-lbx" role="button" aria-controls="utpr" href="#utpr">qualifying foreign filing <span class="nowrap">entity?<span class="mrgn-lft-sm far fa-question-circle"></span></span></a> </p>
                                 </div>
                                 <ul>
                                   <li>Yes, there is a qualifying foreign filing entity.
@@ -348,7 +350,7 @@ <h3>When to register</h3>
 
       <!-- File -->
 
-      <h2 id="fl_rtrn">Find out when and how to file</h2>
+      <h2 id="fl_rtrn">When and how to file</h2>
       <p>Information on how to file will be available at a later date.</p>
       <h3>When to file</h3>
       <p>The forms must be filed by <strong>June 30, 2026</strong>.</p>
@@ -410,16 +412,14 @@ <h2 class="modal-title">A qualified
         admissible)</p>
     </div>
   </section>
-  <!--<section id="gmta" class="mfp-hide modal-dialog modal-content overlay-def">
+  <section id="qffe" class="mfp-hide modal-dialog modal-content overlay-def">
     <header class="modal-header">
-      <h2 class="modal-title">
-        <mark>Background information - the Global Minimum Tax Act</mark>
-      </h2>
+      <h2 class="modal-title">A qualifying foreign filing entity</h2>
     </header>
     <div class="modal-body">
-      <section data-ajax-replace="#gmta_dscr"></section>
+      <p>A qualifying foreign filing entity (QFFE) is an ultimate parent entity or a designated filing entity of the MNE group that is located in a foreign jurisdiction and that is obligated to file a GloBE information return with the tax authority of the foreign jurisdiction, provided that the foreign jurisdiction has a qualifying competent authority agreement that is in effect on or before the GloBE information return exchange date for the fiscal year. Canada must be a party to that agreement for the entity to be a QFFE.</p>
     </div>
-  </section>-->
+  </section>
   <section class="pagedetails">
     <h2 class="wb-inv">Page details</h2>
     <div class="row">