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The relevant tax convention must then be examined to determine whether there is any tax relief provided therein, such as an exemption or a reduction in the Part XIII withholding rate. ... It is important to note that Article XII of the Canada-United States Tax Convention (1980) was amended in the Third Protocol (1995) to expand the class of royalties exempt from withholding tax at source. ... Return to footnote3 referrer Footnote 4 Model Tax Convention on Income and on Capital, Organization for Economic Co-Operation and Development (2003) Commentary on Article 12, paragraph 11.4. ...

Through the administration of Canada’s network of tax treaties, the CRA is involved in a variety of tax information exchange agreements and international tax conventions (collectively referred to as “International Agreements” in this report). ... Foreign Account Tax Compliance Act (FATCA) and under the Convention on Mutual Administrative Assistance in Tax Matters (MAC) and the Common Reporting Standard (CRS) Multilateral Competent Authority Agreement (CRS MCAA) related to the CRS. ... Examples include work on standards for automatic EOI, updates to the Organization for Economic Cooperation and Development (OECD) Model Tax Convention and the OECD/G20 project to develop a solution to address the tax challenges arising from the digitalisation of the economy. ...

Through the administration of Canada’s network of tax treaties, the CRA is involved in a variety of tax information exchange agreements and international tax conventions (collectively referred to as “International Agreements” in this report). ... Foreign Account Tax Compliance Act and under the Convention on Mutual Administrative Assistance in Tax Matters (MAC) and the Common Reporting Standard (CRS) Multilateral Competent Authority Agreement (CRS MCAA) related to the CRS footnote 6. ... Examples include work on standards for automatic EOI, updates to the Organization for Economic Cooperation and Development (OECD) Model Tax Convention and the OECD/G20 project to develop a solution to address the tax challenges arising from the digitalisation of the economy. ...

You have to withhold income tax of 25% (or the percentage established under a tax convention or agreement) on amounts you paid or credited to non-residents. ... For more information, see Information Circular IC76-12R8, Applicable rate of part XIII tax on amounts paid or credited to persons in countries with which Canada has a tax convention. ... Do not report the redemption, acquisition, or cancellation of a debt obligation if: the debt obligation is issued for its principal amount the redemption, acquisition, or cancellation satisfies all of the issuer's obligations (that is, once the redemption occurs, no more amounts are payable to any person with an interest in the debt obligation) each person with an interest in the debt obligation is entitled to an equal proportion of principal and interest payments (that is, the debt obligation is not a strip bond) an information return is already required to be made as a result of the redemption, acquisition, or cancellation (for example, a T5 slip for the redemption of an investment contract or a T600 slip for accrued interest on redemption of a bond, debenture, or similar security) Do not report transactions involving: convertible property, that is, shares, bonds, debentures, or notes of a corporation which give the holder the right to exchange the security for shares of the same corporation (if you get consideration, other than shares, of $200 or more in the conversion, you have to report the transaction) capital property that is a bond exchanged for another bond of the same debtor when the provisions of the exchanged bond gave the holder the right to make the exchange and the exchanged bond and the acquired bond both have the same maturity value the redemption, cancellation, or acquisition of shares as a result of an amalgamation (if you get consideration, other than shares, of $200 or more in the exchange, you have to report the transaction) share-for-share exchanges as a result of a capital reorganization of a corporation (report all transactions when you get any consideration other than shares) interests in a partnership disposed of when a partnership ends interests in a partnership transferred when a new partnership continues from a predecessor partnership Forms and publications Form T5008, Statement of Securities Transactions Form T5008SUM, Return of Securities Transactions Guide T4013, T3 Trust Guide Guide T4061 NR4, Non-Resident Tax Withholding, Remitting and Reporting Form NR4SUM, Return of Amounts Paid or Credited to Non-Residents of Canada Form NR4, Statement of Amounts Paid or Credited to Non-residents of Canada Information Circular IC76-12R8, Applicable rate of part XIII tax on amounts paid or credited to persons in countries with which Canada has a tax convention Income Tax Folio S5-F1-C1, Determining an Individual’s Residence Status Page details Date modified: 2025-03-19 ...