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Income Tax Convention (Convention) does not restrict his client from claiming a foreign tax credit on the full amount of the tax paid to the United States. Paragraph 4 of Article XXIV of the Convention provides that Canada shall allow a deduction from Canadian tax in respect of income tax paid or accrued to the United States in respect of profits or income arising in that country. ... Paragraph 6 of Article XXIV of the Convention will deem taxes paid on income earned in the U.S. to arise in Canada to the extent necessary to avoid double taxation of such income. ...

Income Tax Convention (1980) (the "Convention") in the following situation: A corporation resident in the U.S. ... The OECD Model Convention commentary does not offer any guidance on the question you have raised. ... Question 2 Will Article V, paragraph 3 of the Convention apply to deem U.S. ...

De telles limitations spécifiques doivent découler des actes constitutifs de la société (incluant ses statuts et règlements) ou d’une convention unanime des actionnaires. ... De plus, il ressort clairement de cette décision que les conventions entre actionnaires autres que les conventions unanimes des actionnaires de sociétés reconnues par la loi constitutive d’une société ne doivent pas être considérées dans la détermination du contrôle de droit parce que ces conventions créent des obligations contractuelles et non des obligations juridiques ou tenant d’un acte constitutif. ... Entre autres, le Ministère continuera de prendre en considération l’incidence des conventions unanimes des actionnaires dans la détermination du contrôle de droit. ...

However, amount would likely be pension for purposes of Convention. Reasons FOR POSITION TAKEN: Periodic pension supplement paid by employer would be a pension for purposes of the Convention even though it may be a retiring allowance and not a pension for purposes of the Act. ... Income Tax Convention (1980) (the "Convention") to a pension supplement he is receiving from his former employer, XXXXXXXXXX (the "Employer"). ... For the purposes of the Convention, the term pension includes any payment under a pension plan. ...

Income Tax Convention. June 26, 2002 HEADQUARTERS HEADQUARTERS Registered Plans Directorate Income Tax Rulings Directorate Attention: Mike Godwin G. ... Income Tax Convention ("Convention")). Pursuant paragraph 3 of Article 18 of the Convention, the term "pensions" includes any payment under a superannuation, pension or other retirement arrangement, Armed Forces retirement pay, war veterans pensions and allowances and amounts paid under a sickness, accident or disability plan, but does not include payments under an income-averaging annuity contract or any benefit under the social security legislation of either Canada or the United States. ... For example, RCAs which provide for retiring allowances or death benefits would not be "pensions" for purposes of the Convention. ...

It is your view that, by virtue of paragraphs 1 and 2 of Article 14 of the Convention, Mr. ... Opinion In our opinion you have misinterpreted Article 14 of the Convention. ... In the hypothetical case outlined above, the Convention would allow Korea to tax Mr. ...

Income Tax Convention (the "Convention"). While the taxpayer's appeal was heard in the Federal Court of Appeal (92 DTC 6473) the judgement did not deal with whether a stock option benefit was remuneration. Discussion The decision in Hale is not consistent with what we understand to be the intended scope of the Dependent Personnel Services Article of Canada's Tax Conventions. Each of Canada's tax conventions or agreements provide in the article on "General Definitions" that any term not defined in a tax convention or agreement shall, unless the context otherwise requires, have the meaning which it has under the law of the State concerning the taxes to which the convention or agreement applies. ...

Plus précisément vous désirez savoir si l'expression "une convention y relative" employée au paragraphe 256(1.1) de la Loi peut englober une convention entre actionnaires. ... Nous sommes d'avis que l'expression "une convention y relative" employée au paragraphe 256(1.1) de la Loi pourrait englober une convention unanime des actionnaires régie par la Loi sur les compagnies.  Dans un tel cas, une convention unanime des actionnaires qui aurait pour effet de restreindre le pouvoir des administrateurs dans la déclaration du dividende de sorte qu'il soit déclaré par ceux-ci selon un taux fixe conformément aux termes de ladite convention pourrait faire que les exigences de l'alinéa 256(1.1)c) de la Loi sont rencontrées dans la mesure où il est démontré que le taux indiqué dans la convention est un pourcentage déterminé qui ne fluctue pas. ...

Income Tax Convention (Convention). Subsection 212(1)(b) of the Income Tax Act (the "Act") requires every non-resident of Canada to pay an income tax of 25% of every amount that a resident of Canada pays or credits to him. ... Since Paragraphs 1 and 2 of Article XI of the Convention do not deal with interest arising in a third country and paid to a resident of the United States, such an item of income will fall within Paragraph 1 of Article XXII of the Convention. ... It should be noted that such an exemption is applicable to this particular Convention and its application to other income tax convention or agreements may not produce the same result. ...

Income Tax Convention Art. 11 RE: Withholding Tax on Subsidiary Deposits with Foreign Branches This is in reply to your memorandum of March 10, 1987 concerning withholding tax under Article XI of the Canada-United Kingdom Tax Convention (Convention). ... The Convention does not contain any other provisions that could deal with such income. ... The purpose of the Convention is to avoid double taxation for residents of the Contracting State. ...