Mexico and Canada signed a new income tax treaty and protocol on 12 September 2006. Once in force, the new treaty will replace the current Mexico-Canada income tax treaty of 8 April 1991 and the exchange of tax information agreement of 16 March 1990. The new treaty applies to residents of the states and does not restrict benefits accorded under domestic law or under any other treaty between the states.
Significant aspects in the new treaty that deviate from th…