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.
October 26, 1984
Peter E. Salvatori
INDEXED.
Re: Article XXI(2), Canada-United States Income Tax Convention
This is in reply to your letter of October 3, 1984 concerning the above captioned matter.
You indicate that in your view Article XXI(2) of the new Convention will not exempt from United States withholding tax dividends and interest received from United States sources by a mutual fund trust as defined in subsection 132(6) of the Income Tax Act. We agree with your conclusion.
You wish to know whether this Department would be prepared to pay to those beneficiaries of the fund who are registered pension plan or registered retirement savings plans an amount equal to the foreign tax paid. In our view, this Department is not authorized to make the payments to which you refer.
Yours sincerely,
Original Signed by E. E. CAMPBELL
P. Pinkus Director Provincial and International Relations Division
PES/jb
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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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