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.
August 8, 1984
By Courier
Revenue Canada, Taxation Legislation Branch Provincial and International Relations Division 88 Metcalfe Street 4th Floor Ottawa, Ontario K1A 0L8
Attention Mr. Keith Harding
Dear Sirs:
As indicated in your conversation with XXXX, of August 7, 1984, we would like to obtain clarification as to the precise meaning of Article XXIX 6(b) of the new Canada-U.S. Income Tax Treaty. It is our understanding that the U.S. shareholders of a Canadian non-resident owned investment corporation will be entitled to the treaty reduced rates of withholding tax on income derived from the Canadian NRO notwithstanding that provision. We understand that the intent of that provision is to deny the benefit of the treaty to a Canadian NRO in respect of its investments in the United States.
Although we appreciate that the new Convention is not yet in force as the instruments of ratification have not as yet been exchanged, we would very much appreciate your views as to this provision in order that we may properly advise our clients.
Yours very truly.
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© Her Majesty the Queen in Right of Canada, 1984
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© Sa Majesté la Reine du Chef du Canada, 1984
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