Latest Treaty Updates: Canada
Treaty Update: Canada - Luxembourg
10/5/2012
According to the Canadian government, Canada and Luxembourg signed a Protocol amending their 1999 DTA on May 8, 2012.
Treaty Update: Canada - New Zealand
4/5/2012
Canada and New Zealand signed a new DTA on March 3, 2012, replacing the previous agreement dating back to 1980.
Treaty Update: Canada - Serbia
2/5/2012
The Canadian Department of Finance has announced that Canada and Serbia signed a DTA on April 27, 2012.
Treaty Update: Canada - Panama
17/4/2012
According to the Canadian Department for Finance, Panama and Canada initiated negotiations towards a TIEA on March 27, 2012.
Treaty Update: Canada - Various
29/3/2012
The Canadian government announced on March 27 the Governor General David Johnston’s proclamation of the entry into force of updated tax treaties with Italy and Switzerland. The proclamation gives notice of the entry into force on November 25, 2011 of the Canada-Italy DTA and gives notice of the entry into force on December 16, 2011 of the protocol amending the 1997 tax convention between Canada and Switzerland.
Treaty Update: Canada - Austria
16/3/2012
The Second Protocol amending the DTA between Canada and Austria was signed on March 9, 2012.
Treaty Update: China - Canada
13/2/2012
The Canadian government has confirmed it has reached an agreement in principle with China towards a Protocol that would update their 1986 DTA, to add international standards on tax information exchange, and reduce withholding taxes on cross-border trade and investment.
Treaty Update: Canada - Dominica
16/1/2012
The Canadian Department of Finance has announced that the TIEA signed between Canada and Dominica on June 29, 2010, entered into force on January 12, 2012.
Treaty Update: Switzerland - Canada
22/12/2011
The Protocol to the Swiss-Canada DTA, signed on October 22, 2010, entered into force on December 19, 2011. The agreement contains provisions on the exchange of information in accordance with the international standard.
Treaty Update: Canada - Various
22/12/2011
Canada's Ministry of Finance has announced that TIEAs with the Isle of Man and Jersey entered into force on December 19, 2011.
Treaty Update: Canada - Turks and Caicos Islands
7/12/2011
The Canadian government on December 1, 2011, announced the entry into force on October 6, 2011, of the TIEA signed between Canada and the Turks and Caicos Islands.
Treaty Update: Canada - Israel
7/12/2011
The Canadian Ministry of Finance announced on December 2 that negotiations to update the existing DTA between Canada and Israel will commence on January 9, 2011.
Treaty Update: Canada - Singapore
30/11/2011
Canada and Singapore signed a protocol on November 29, 2011, to add provisions for tax information exchange to their existing DTA.
Treaty Update: Canada - Italy
29/11/2011
It has been announced that the revised DTA between Canada and Italy, originally signed on June 3, 2002, entered into force on November 25, 2011.
Treaty Update: Canada - Bahamas
23/11/2011
Canada's Department of Finance has announced that the TIEA signed between Canada and the Bahamas on June 17, 2010, entered into force on November 16, 2011.
Treaty Update: Canada - China
10/11/2011
Canada and China on November 8 signed an amending protocol to their January 1980 DTA to include OECD-model provisions for the exchange of information.
Treaty Update: San Marino - Canada
4/11/2011
According to preliminary media reports, the TIEA signed between San Marino and Canada on October 27, 2010 entered into force on October 20, 2011.
Treaty Update: San Marino - Canada
27/10/2011
The TIEA signed between Canada and San Marino on October 27, 2010, entered into force on October 20, 2011.
Treaty Update: Canada - Aruba
24/10/2011
According to Canada' Department of Finance, a TIEA was signed on October 20, 2011, between Canada and Aruba.
Treaty Update: Canada - Anguilla
21/10/2011
The Canadian Ministry of Finance has noted the entry into force on October 12, 2011, of the TIEA between Canada and Anguilla, signed on October 28, 2010.
Treaty Update: Canada - Saint Vincent and the Grenadines
10/10/2011
According to the Canadian Department of Finance, the TIEA signed between Canada and St Vincent and the Grenadines on June 22, 2010, became effective on October 4, 2011.
Treaty Update: Canada - United Kingdom
8/9/2011
According to the Canadian Department of Finance, negotiations to update the DTA between Canada and the United Kingdom will commence the week of October 3, 2011.
Treaty Update: Canada - Costa Rica
15/8/2011
Canada's Prime Minister announced the signature of a TIEA with Costa Rica on August 11, 2011.
Treaty Update: Colombia - Canada
8/7/2011
According to preliminary media reports, the Colombian Senate on June 29, 2011, passed legislation ratifying a DTA and DTA-protocol signed between Colombia and Canada.
Treaty Update: Bermuda - Canada
5/7/2011
According to the Canadian government, Canada's TIEA with Bermuda became effective on July 1, 2011. It was signed on June 14, 2010.
Treaty Update: Canada - Bermuda
3/6/2011
The TIEA covers taxes on income and capital imposed in Canada, and in Bermuda, income and capital taxes. The TIEA provides for the exchange of information relevant to the administration of domestic tax laws, and information relevant to the determination, assessment and collection of taxes, the recovery and enforcement of tax claims, or the investigation or prosecution of tax matters. The TIEA also provides for the exchange of information held by banks and financial institutions, and information on the ownership of companies, partnerships, and, in certain cases, trusts and foundations. The TIEA also provides a mutual agreement procedure to resolve interpretation or application difficulties.
Treaty Update: Canada - Cayman Islands
3/6/2011
The TIEA covers taxes on income and capital imposed in Canada, and in the Cayman Islands, income and capital taxes. The TIEA provides for the exchange of information relevant to the administration of domestic tax laws, and information relevant to the determination, assessment and collection of taxes, the recovery and enforcemeet of tax claims, or the investigation or prosecution of tax matters. The TIEA also provides for the exchange of information held by banks and financial institutions, and information on the ownership of companies, partnerships, and, in certain cases, trusts and foundations. The TIEA also provides a mutual agreement procedure to resolve interpretation or application difficulties.
Treaty Update: Canada - Turkey
27/5/2011
The DTA been signed on July 14, 2009. In Canada, the DTA is, in respect to withholding taxes, to apply on amounts paid/credited to non-residents on or after January 1, 2012, and, in respect of other taxes, for tax years beginning on or after January 1, 2012. In Canada, the DTA covers all taxes imposed under the Income tax Act, and, in Turkey, it covers income tax, corporation tax, and the levy imposed on the income and corporate taxes. Dividend withholding tax to be imposed at 15% where the beneficial owner is a company directly holding shares representing at least 10% of the paying company's voting power. 20% is charged in al other cases. Interest is charged at 15%, except in the case of interest arising in Canada and paid to the Turkish government or Central Bank, and in Turkey and paid to the Canadian government, or Central Bank, which are then exempt. Royalty withholding tax limited to 10%.
Treaty Update: Canada - Hong Kong
27/5/2011
First negotiations to be held. No further information given in press release.
Treaty Update: Canada - Jersey
25/5/2011
In Canada, the TIEA applies to all taxes on income and capital. In Jersey, the TIEA applies to income tax and goods and services tax. The TIEA provides for the exchange of information held by banks, and other financial institutions, and information regarding legal and beneficial ownership of companies, partnerships foundations, investment funds/schemes, and, in some cases, trusts.
Treaty Update: Canada - Guernsey
25/5/2011
In Canada, the TIEA applies to all taxes on income and capital. In Guernsey, the TIEA applies to income tax and dwellings profits tax. The TIEA provides for the exchange of information held by banks, and other financial institutions, and information regarding legal and beneficial ownership of companies, partnerships foundations, investment funds/schemes, and, in some cases, trusts.
Treaty Update: Canada - Isle of Man
25/5/2011
In Canada, the TIEA applies to all taxes on income and capital. In the IoM, the TIEA applies to taxes on income or profits. The TIEA provides for the exchange of information held by banks, and other financial institutions, and information regarding legal and beneficial ownership of companies, partnerships foundations, investment funds/schemes, and, in some cases, trusts.
Treaty Updates by Territory
Aaland Islands
Afghanistan
Albania
Alderney
Algeria
American Samoa
Andorra
Angola
Anguilla
Antartica
Antigua and Barbuda
Argentina
Armenia
Aruba
Australia
Austria
Azerbaijan
Bahamas
Bahrain
Bangladesh
Barbados
Belarus
Belgium
Belize
Benin
Bermuda
BES Islands
Bhutan
Bolivia
Bosnia and Herzegovina
Botswana
Brazil
British Indian Ocean Territory
British Virgin Islands
Brunei
Bulgaria
Burkina Faso
Burma
Burundi
Cambodia
Cameroon
Canada
Cape Verde
Cayman Islands
Central African Republic
Chad
Chile
China
Christmas Island
Cocos (Keeling) Islands
Colombia
Comoros
Congo, Democratic Republic of the
Congo, Republic of
Cook Islands
Coral Sea Islands
Costa Rica
Cote D'Ivoire
Croatia
Cuba
Curacao
Cyprus
Czech Republic
Denmark
Dhekelia
Djibouti
Dominica
Dominican Republic
Dubai
Ecuador
Egypt
El Salvador
Equatorial Guinea
Eritrea
Estonia
Ethiopia
Europa Island
European Union (EU)
Falkland Islands
Faroe Islands
Fiji
Finland
France
French Guiana
French Polynesia
Gabon
Gambia
Gaza Strip
Georgia
Germany
Ghana
Gibraltar
Greece
Greenland
Grenada
Guadeloupe
Guam
Guatemala
Guernsey
Guinea
Guinea-Bissau
Guyana
Haiti
Heard Island and McDonald Islands
Holy See (Vatican City)
Honduras
Hong Kong
Hungary
Iceland
India
Indonesia
Iran
Iraq
Ireland
Isle of Man
Israel
Italy
Jamaica
Japan
Jersey
Jordan
Kazakhstan
Kenya
Kiribati
Korea, North
Korea, South
Kosovo
Kuwait
Kyrgyzstan
Labuan
Laos
Latvia
Lebanon
Lesotho
Liberia
Libya
Liechtenstein
Lithuania
Luxembourg
Macau
Macedonia
Madagascar
Madeira
Malawi
Malaysia
Maldives
Mali
Malta
Marshall Islands- Martinique
Mauritania
Mauritius
Mayotte
Mexico
Micronesia, Federated States of
Moldova
Monaco
Mongolia
Montenegro
Montserrat
Morocco
Mozambique
Myanmar
Namibia
Nauru
Nepal
Netherlands
Netherlands Antilles
Nevis
New Caledonia
New Zealand
Nicaragua
Niger
Nigeria
Niue
Norfolk Island
Northern Mariana Islands
Norway
Oman
Pakistan
Palau
Panama
Papua New Guinea
Paraguay
Peru
Philipinnes
Pitcairn Islands
Poland
Portugal
Puerto Rico
Qatar
Reunion
Romania
Russia
Rwanda
Saint Helena
Saint Kitts and Nevis
Saint Lucia
Saint Pierre and Miquelon
Saint Vincent and the Grenadines
Samoa
San Marino
Sao Tome and Principe
Saudi Arabia
Senegal
Serbia
Seychelles
Sharjah
Sierra Leone
Singapore
Sint Maarten
Slovakia
Slovenia
Solomon Islands
Somalia
South Africa
South Georgia and the South Sandwich Islands
Spain
Spratly Islands
Sri Lanka
Sudan
Suriname
Svalbard
Swaziland
Sweden
Switzerland
Syria
Taiwan
Tajikistan
Tanzania
Thailand
Timor-Leste
Togo
Tonga
Trinidad and Tobago
Tunisia
Turkey
Turkmenistan
Turks and Caicos Islands
Tuvalu
Uganda
Ukraine
United Arab Emirates
United Kingdom
United States
Uruguay
Uzbekistan
Vanuatu
Venezuela
Vietnam
Virgin Islands
Wake Island
Wallis and Futuna
West Bank
Western Sahara
Yemen
Zambia
Zimbabwe
Latest News
On May 3, New Zealand’s Revenue Minister, Peter Dunne, and the Canadian Minister of International Trade, Ed Fast, signed an updated double tax agreement to replace their countries’ 1980 bilateral treaty.
Canada, Serbia Sign DTA 2/5/2012
Canada and Serbia have signed a convention for the avoidance of double taxation with respect to taxes on income and capital, which will restrict the rate at which withholding tax is applied on income between the two countries.
Canada's Amended DTAs Enter Into Force 30/3/2012
Canada's updated tax treaties with Italy and Switzerland have entered into force, agreements the Finance Minister said will strengthen the country's tax system.
Austria Inks DTAs With Canada, Czech Republic 13/3/2012
The Austrian finance ministry has announced the recent signing of revised bilateral double taxation agreements with Canada and the Czech Republic.
Canada, China Agree To Update DTA 13/2/2012
Canada's Prime Minister has welcomed an agreement in principle negotiated with China that would update the two countries' existing Double Tax Agreement with the stated aim of reducing tax barriers and encouraging bilateral economic trade and investment.
Manx Tax Agreements Enter Into Force 29/12/2011
The Isle of Man government has noted the entry into force of two bilateral tax agreements, signed with Canada and France.
Switzerland, Canada DTA Amendments In Force 23/12/2011
Switzerland’s Federal Department of Finance has announced that the Protocol of Amendment of October 22, 2010, to the double taxation agreement between Switzerland and Canada has now entered into force.
Singapore, Canada Sign TIE Protocol 1/12/2011
A protocol to the existing double taxation agreement between Singapore and Canada was signed on November 29, 2011, and will enter into force after the completion of ratification procedures by both countries.
Canada, Barbados Amend DTA 10/11/2011
Canada and Barbados have inked a protocol to their existing double tax agreement, designed to bring the treaty up to date with modern standards on the exchange of information.
Canada To Amend Income Tax Regulations 21/3/2011
Canada is to make substantial changes relating to its income tax regulations, with the Department of Finance releasing draft legislative proposals to this effect.
Canada, Switzerland Improve Tax Agreement 25/10/2010
The Canadian government has announced the signing of a protocol to the existing double tax agreement it has concluded with Switzerland, and the commencement of negotiations for the signing of tax information exchange agreements with the Cook Islands and Vanuatu.
Colombia, Portugal Sign DTA 6/9/2010
A double taxation agreement signed between Colombia and Portugal adds to those already concluded by Colombia with Spain, Switzerland, Chile, Canada, Mexico and South Korea.
Panama To Sign DTA With Luxembourg 6/7/2010
The Panamanian government has finalized negotiations in Luxembourg ahead of the signing of a treaty to avoid double taxation between the two countries, announced deputy economy minister, Frank De Lima, who led the negotiating team for Panama.
Canada Signs DTA With Namibia 30/3/2010
The Canadian government has announced that a convention for the avoidance of double taxation and fiscal evasion with respect to taxes on income and capital was signed with Namibia on March 25.
UBS Confirms Non-US Tax Information Requests 17/3/2010
Within its annual report for 2009, the Swiss bank, UBS, has disclosed that, following its settlement agreement with the United States Internal Revenue Service, it has received requests for information from a number of other jurisdictions relating to its provision of cross-border wealth management services.
NZ Emissions 'Tax' Attacked 15/3/2010
The ACT New Zealand Party, a member of the country’s present coalition government, has continued its opposition to New Zealand’s new carbon emissions trading scheme, calling it a tax that will increase inflation in the economy.
Hong Kong Property Taxes Reviewed 16/3/2010
Hong Kong’s Financial Secretary, John C Tsang, made the traditional post-budget speech at the Joint Business Community Luncheon on March 12 and, in particular, reviewed the tax measures taken to increase the transaction cost of property speculation so as to reduce the risk of a property bubble being created.
UK Budget To Hit The Rich 12/3/2010
Wealthy individuals may have less than two weeks to put plans in place to reduce the tax impact of the Chancellor’s pre-election Budget, warns PKF Accountants and business advisers.
Orascom Loses Algerian Tax Appeal 12/3/2010
Egyptian telecom company, Orascom Telecom, has announced that its Algerian subsidiary, Orascom Telecom Algérie, has received a rejection to its appeal, made in December last year, against the notice for taxes and penalties it had received from the Algerian tax authorities the month previously.
Switzerland, Slovakia Initial Revised DTA 12/3/2010
It has recently emerged that Switzerland and Slovakia have initialled a revised bilateral double taxation agreement, containing the Organization for Economic Cooperation and Development’s standard on tax information exchange.
Australia Promised Full Debate On Tax Review 15/3/2010
Following indications that the Australian government was thinking of a delay to the release of the Henry tax review, the Treasurer, Wayne Swan, has now confirmed that it will be issued in good time for a full debate on any proposed tax changes.
Malaysia Not Cancelling GST 12/3/2010
After a government meeting, Malaysia’s Second Finance Minister, Datuk Seri Ahmad Husni Hanadzlah, has rejected any suggestion that the proposed introduction of a goods and services tax has been cancelled.
IRS Offers Help To Struggling Taxpayers 14/3/2010
The US Internal Revenue Service has announced several additional steps it is taking this tax season to help people having difficulties meeting their tax obligations because of unemployment or other financial problems.
Baucus Seeks Trade Preference Reform 15/3/2010
Senate Finance Committee Chairman Max Baucus is leading efforts for reform of US trade preference programs accorded to developing countries.
Jersey Riding Out Onshore Storm 15/3/2010
Jersey will overcome the evolving challenges being faced by offshore international financial centres, Geoff Cook, Chief Executive of Jersey Finance, told participants at a Breakfast Briefing in London.