Finance Minister François-Philippe Champagne is seen during a news conference in Ottawa, Sept.2, 2026. The Canadian Press/Adrian Wyld
Champagne’s office said Sept. 14 that proposed investments of $1 billion or more in Canada will receive priority under the Canada Revenue Agency’s (CRA) Advance Income Tax Rulings program, giving investors legally binding tax guidance on how income tax law would apply to proposed transactions before they commit capital.
“When investors are considering major projects, certainty matters,” Champagne said in a statement.
“By prioritizing advance tax rulings for investments of $1 billion or more, we are giving them the clarity and predictability they need to invest with confidence, create opportunities and help build Canada’s economic future.”
How Advance Tax Rulings Work
The CRA says its service standard is to issue advance income tax rulings “within 90 business days of receiving all essential information from the client.” The CRA can establish an alternative service target date with the requester when necessary.
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The rulings explain how the CRA will apply income tax law to transactions that a taxpayer is considering making. The rulings are binding on the CRA with respect to the taxpayer and the facts described in the ruling.
The government first announced plans to prioritize CRA advance tax rulings for large-scale projects, housing and infrastructure, projects of national importance, and investments aimed at enhancing productivity and strengthening critical sectors in its April 28 Spring Economic Update.
Summit
The two-day summit is focused on accelerating new investment into Canada and bringing together global investors, Canadian CEOs, and public-sector representatives. It is being hosted by the federal government together with CPP Investments and the Public Sector Pension Investment Board.
The main presentations are set to take place Sept. 15 at Toronto’s Four Seasons Hotel, with former prime minister Stephen Harper, now chair of the Alberta Investment Management Corporation’s board, expected to deliver closing remarks.
Carney said the summit will bring together some of the world’s largest investment firms, with participants representing firms that collectively manage more than $120 trillion in assets. BlackRock CEO and chairman Larry Fink and Blackstone president Jon Gray are expected to attend.
“We have what the world wants, the energy, the resources, the talent, the technology and the capital,” Carney said Sept. 13 ahead of the summit.
“And our greatest strength is something that cannot be found on any balance sheet — trust.”
The summit’s website notes Canada’s AAA credit rating, stable banking sector and educated workforce, as well as “preferential access to 1.5 billion consumers representing two-thirds of global GDP, through 16 free-trade agreements across 51 countries.”
Protest marches against the summit are also planned by a number of groups including environmental activists, indigenous leaders, labour groups, and affordable housing activists.
