Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the CRA.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle de l'ARC.
19(1) Jim Wilson
(613) 957-2063
HBW 4125-U3-1
(Article XI)
EACC8743
February 15, 1990
19(1)
We are writing in follow-up to our letter of August 16, 1989,
concerning the tax status in Canada of the 24(1)
We apologize for the delay in replying.
Pursuant to Article XI, subparagraph 3(a) of the Canada-United
States Income Tax Convention, interest income arising in Canada
and paid to the corporation is exempt from tax in Canada. You
may provide photostatic copies of this letter to paying or
disbursing agents as their authority to make payments of interest
to the 24(1) without withholding Canadian
non-resident income tax. In the event of a change in status of
the Corporation or an amendment or repeal to Article XI of the
Convention (i.e. Protocol or new treaty), the above authorization
is revoked.
We trust you will find this to your satisfaction.
Yours sincerely,
C. Savage
A/Director
Provincial and International
Relations Division
Document Disclosed Pursuant to the Access to Information Act Document Divulgué en vertu de la loi sur l'accès à l'information
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© Her Majesty the Queen in Right of Canada, 1990
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© Sa Majesté la Reine du Chef du Canada, 1990
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