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.
February 2, 1976
From: Technical Interpretations Division (A.B.Adler)
To: Source Deductions Division
ATTENTION Mr. D.C. Green Assistant Director Programs and Operations
RE: Canada-Norway Income Tax Convention Act, 1967 Canada-Netherlands Income Tax Agreement Act, 1957
This is in reply to your memorandum dated December 24, 1975 in which you requested our comments concerning the matters raised by XXXX
Our comments are as follows:
(1) Canada-Norway Income Tax Convention Act, 1967
The trusts listed in paragraphs 205(a) to (d) of the Income Tax Act inclusive, namely: a trust for the administration of a registered pension fund or plan, a trust governed by a registered retirement savings plan, a trust governed by a deferred profit sharing plan and a trust governed by a registered home ownership savings plan respectively are trusts for the purposes of the Income Tax and would be governed by Article 12 of the Convention. Where Article 12(2) applies the Canadian withholding tax rate is 15%.
(2) Canada-Netherlands Income Tax Agreement Act, 1957
By virtue of Article XVII of the Protocol, trust income derived from sources in Canada may be taxed in Canada. Accordingly, trust income paid or credited by or on behalf of any of the trusts referred to in (1) above to a non-resident of Canada who is a resident of The Netherlands could be subject to Part XIII tax of 25% under paragraph 212(1)(c).
Assistant Director Technical Interpretations Division
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