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.
September 25, 1984
Mr. Campbell Provincial & International Relations Revenue Canada 875 Heron Road Ottawa, Ontario K1A 0L8
Dear Mr. Campbell:
Re: 1980 Canada-U.S. Tax Convention
Further to our telephone conversation of September 14, 1984, we would like you to give us an interpretation of sourcing with respect to articles X, XI and XXIV of the Convention. Where a parent company and its wholly-owned subsidiary are both incorporated in Canada but the subsidiary operates entirely in the U.S., would the dividends and interest paid by the subsidiary to its parent be considered to be of a foreign source and would the withholding taxes paid on these dividends and interest be eligible for the foreign tax credit in Canada?
We hope to hear from you as soon as possible.
Yours very truly,
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