Canada Tax News

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Protocol to treaty between Switzerland and Canada enters into force

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Treaty between Canada and Italy enters into force

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Treaty between Canada and Turkey – details

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Treaty between Canada and Turkey enters into force

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Treaty between Canada and Greece enters into force

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Treaty between Brazil and Canada, and between Brazil and Germany – Brazilian court decision on tax treaty treatment of remuneration of technical services

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Budget for 2009 – business tax measures

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Protocol between United States and Canada enters into force

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Treaty between Canada and Colombia signed

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Protocol to treaty between United States and Canada ratified

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OECD released 2008 Model Tax Convention

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Discussion draft on New Art. 7 of OECD Model – details

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Fifth protocol to treaty between US and Canada – US Technical Explanation published

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Legislative proposals released regarding remaining Budget 2008 tax measures

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OECD Council approves 2008 Model Tax Convention

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On 10 July 2008, the Minister of Finance indicated Canada's agreement with the US Treasury Department's technical explanation to the fifth protocol to the Canada-US tax treaty. Canada ratified the protocol on 14 December 2007, when Bill S-2 received Royal Assent.

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Comments on draft contents of 2008 update to Model Tax Convention published

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Treaty between Canada and the Netherlands – Tax Court of Canada Prévost decision on "beneficial owner" – details

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Draft of 2008 Model Tax Convention – Proposed changes to Commentary to Art. 12 (definition of royalties)

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Tax treaty between Canada and US – US Tax Court rules AMT FTC limitation prevails over treaty

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Protocol to US-Canada treaty referred to US Senate Committee on Foreign Relations

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Treaty between Canada and the Netherlands – Prévost decision on beneficial ownership

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Protocol to treaty between US and Canada transmitted to US Senate for consent to ratify

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Budget 2008

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Proposed technical amendments to clarify tax rules applicable to specified investment flow-through entities

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OECD released discussion draft on transactional profit methods

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Tax Executives Institute submits comments to US Treasury Department on new US-Canada protocol

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Canada completes steps required to give effect to the fifth protocol to the Canada-US income tax treaty

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Final Budget 2007 implementation Bill receives Royal Assent

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Government unveils 2007 economic statement

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