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.
Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department. Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.
RE: Information Circular 76-12R3
Footnote (6)
Canada-Norway Income Tax Convention
As discussed with you in a recent telephone conversation, we suggest that you consider amending Information Circular 76-12R3 to clarify the Department's position on the rate of withholding tax that applies to rental income from moveable property received by a resident of Norway from a resident of Canada.
Footnote (6) indicates that such income is subject to a Nil rate of withholding, but should such income represent income from property, rather than income from a business, it is subject to a 25% rate of withholding by virtue of paragraph 212(1)(d) of the Act.
We have enclosed copies of recent correspondence on this subject with XXX.
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© Her Majesty the Queen in Right of Canada, 1987
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© Sa Majesté la Reine du Chef du Canada, 1987
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