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 15, 1973
Dear XXXX
This is in reply to your letter of October 5, 1973 to Mr. C.N. Brennan which has been forwarded to this Division for reply.
In our telephone conversation of October 11 we discussed the questions raised on page 2 of your letter and this will merely confirm the information given to you at that time.
1. The 1958 Agreement between Canada and Belgium was not ratified by the two governments and therefore did not come into force.
2. Negotiations with other countries in connection with prospective income tax agreements are the responsibility of the Department of Finance. We can confirm that negotiations for this purpose between representatives of Canada and Belgium are already in progress. However, until such time as these discussions are completed and an agreement signed, we are not in a position to provide you with any information on the matter.
3. Your understanding that the rate of withholding tax on dividends paid to residents of non-treaty countries will increase to 25% on January 1, 1976 is correct. This rate will, of course, be reduced to 20% where there is the required degree of Canadian ownership in accordance with subsection 212(3) of the Income Tax Act.
Yours very truly,
Director Provincial & international Relations Division
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© Her Majesty the Queen in Right of Canada, 1973
Tous droits réservés. Il est permis de copier sous forme électronique ou d'imprimer pour un usage interne seulement. Toutefois, il est interdit de reproduire, de modifier, de transmettre ou de redistributer de l'information, sous quelque forme ou par quelque moyen que ce soit, de facon électronique, méchanique, photocopies ou autre, ou par stockage dans des systèmes d'extraction ou pour tout usage autre que ceux susmentionnés (incluant pour fin commerciale), sans l'autorisation écrite préalable de l'Agence du revenu du Canada, Ottawa, Ontario K1A 0L5.
© Sa Majesté la Reine du Chef du Canada, 1973
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