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There is no definition of pension or annuity contained in the Canada- Australia Income Tax Convention (the "Treaty"). ...

Income Tax Convention, either the U.K. or Canada or both may have the right to tax amounts paid to a Canadian resident. ...

Income Tax Convention deals with pension and annuity payments arising in one contracting state and paid to a resident of the other contracting state. ...

Moreover, there is nothing in the terms of the Canada-Australia Income Tax Convention that would suggest or otherwise require that Canada allow a foreign tax credit for such amounts. ...

If the monthly TAC benefits are ultimately determined to not be taxable in Canada then it remains to be determined whether Australia's right to tax or withhold Australian income tax from such benefits can be reduced or eliminated under the Canada-Australia Income Tax Convention (the "Treaty") (i.e., see Articles 15 and 18 of the Treaty). ...

In particular, paragraph 67.1(2)(e) of the Act provides that the 50% limitation does not apply where: the amount was not in respect of a conference, convention, seminar, or similar event, the allowance would have been included in the employee's income but for subparagraph 6(6)(a)(i) of the Act (special work site rules), and the amount is paid in respect of a work site in Canada that is not in an urban area of more than 40,000 people, and is at least thirty kilometers from such an urban area. ...

En général, lorsqu’un employé transfère des droits en vertu d'une convention relative à une option d'achat d'actions une personne avec laquelle il y a un lien de dépendance, telle une fiducie de REER, et que cette dernière exerce ces droits, les conséquences fiscales suivantes s'appliquent (en prenant comme hypothèse que l'option d'achat d'actions est un placement admissible pour la fiducie de REER): Selon les dispositions de l’alinéa 7(1)c), il n'y a pas d'inclusion dans le revenu de l’employé un moment ou les droits sont dévolus à la fiducie de REER; l’employé doit inclure dans son revenu un avantage seulement lorsque la fiducie exerce l'option. ...

Woods: Re: Paragraph 81(1) (a) of the Income Tax Act (Canada) This is in reply to your letter dated July 12, 1999, in which you requested our views with respect to various tax issues relating to a corporation that is a designated airport authority pursuant to the Airport Transfer (Miscellaneous Matters) Act (the “Airport Act") Exempt income Paragraph 81(1) (a) of the Income Tax Act (Canada) (the "Act") provides that amounts which are declared exempt from tax by virtue of another Act of the Parliament of Canada, that are not otherwise exempted by virtue of a tax convention or agreement with another country, are not to be included in computing a taxpayer's income. ...

You may also find it helpful to refer to the commentaries on the OECD model tax convention in respect of Article 5- Permanent Establishment. 5. ...

Income Tax Convention do not provide any relief in such circumstances. ...