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Our Comments Where Canco has entered into a licensing agreement for the non-exclusive right to use Commercial Information as described in paragraph 3 above under those circumstances where Canco would not be considered to have acquired ownership of the Commercial Information and the terms of the agreement do not allow Canco unlimited or ongoing use or reproduction of the Commercial Information, it is our view that such a licensing agreement would not be considered a "franchise or rental agreement" for purposes of subparagraph 3(c) of Article XII of the Canada- United States Income Tax Convention (the "Convention"), as recently amended by paragraph 1 of Article 7 of the Protocol signed on March 17, 1995 amending the Convention. Consequently, provided that the U.S. resident owner of the Commercial Information is a resident of the United States under Article IV of the Convention and did not acquire the Commercial Information, or, become a resident of the United States, for the purpose of obtaining the benefits of the Convention, then, pursuant to subparagraph 3(c) of Article XII of the Convention, we are of the opinion that any fees paid by Canco to the U.S. resident for the Commercial Information would be exempt from Part XIII tax. ...

Position Adoptée: La question de savoir si un contrat est une convention de bail ou de crédit-bail ou un contrat d'achat doit être résolue sur la base des rapports juridiques créés par les termes d'une entente Raisons POUR POSITION ADOPTÉE: Texte de Loi. ... Par conséquent, en l'absence d'un trompe-l'œil, nous sommes d'avis que pour les fins de la Loi, une convention de bail est une convention de bail et qu'un contrat de vente est un contrat de vente. De même, une convention de crédit-bail est une convention de crédit-bail. ...

You also ask whether the receipt of amounts out of the RRSP by the resident of Italy would be subject to a lesser rate of withholding tax pursuant to the Canada-Italy Income Tax Convention (the “Convention”). ... With respect to your second question, under the Convention Canada may tax RRSP payments made to a resident of Italy but only to the extent that the total amount of RRSP payments paid in any taxation year exceeds the greater of $10,000 and twelve million Italian liras. ... The following illustrate the computation of Canadian tax liability on RRSP payments made to a resident of Italy in a calendar year under the Convention with Italy. 1. ...

A further exception to the general rule may also arise as a result of an exclusion provided in an income tax convention between Canada and another country. However, in the case of the Canada- United Kingdom Income Tax Convention, generally all amounts received out of a United Kingdom pension plan by a Canadian resident may be taxed in Canada in accordance with the provisions of the Act.. ... The continuing annual benefits payable to your client will also be "pension" payments as defined under the convention and may also be taxed by Canada. ...

Principales Questions: Pour les fins du paragraphe 4901(2.2) du Règlement, faut-il tenir compte des droits d'acquérir des actions en vertu de certaines clauses d'une convention d'actionnaire? ... Cela dépend des clauses de la convention. Raisons POUR POSITION ADOPTÉE: Question de fait. ... Les conventions d'actionnaires renfermant ce qu'on appelle couramment un « droit de premier refus » sont considérées comme des conventions qui ne confèrent pas un droit d'acheter une action, mais plutôt une option d'acheter un droit d'achat d'une action dans certaines circonstances ultérieures. ...

15 November 2011 External T.I. 2011-0413601E5- United Kingdom Pension Contributions Unedited CRA Tags 56(1)(a)(i), 126(1), 127(7), 147.2(4); Article 17 Canada-United Kingdom Tax Convention Principal Issues: 1.Whether 'top-up' pension contributions to a United Kingdom pension are deductible for Canadian income tax purposes. 2. ... The Canada-United Kingdom Tax Convention does not provide any relief. 2. ... Moreover, paragraph 1 of Article 17 of the Canada-United Kingdom Income Tax Convention confirms Canada's right to tax such payments. ...

However, paragraph 5 of Article IV of the Canada-United States Income Tax Convention (the "Convention"), would deem an employee of Canada or a province, rendering services of a governmental nature in the United States, to be a resident only of Canada for the purpose of interpreting the provisions of the Convention. Consequently, no provision in the Convention would apply to exempt such person's remuneration from the Commission from taxation in Canada. ... However, in order for the Convention to apply, the individual would have to be a resident of the United States as defined in paragraph 1 of Article IV (Residence) of the Convention. ...

Income Tax Convention. Position: No. Reasons: For the reasons provided by the Tax Court of Canada and affirmed by the Federal Court of Appeal in Saipem UK Limited v. ... The Court in Saipem UK cites the Commentary by the Organization for Economic Cooperation and Development (the “OECD Commentary”) on non-discrimination provisions in Article 24 of the Model Convention with respect to Taxes on Income and on Capital (the “Model Tax Convention”). The OECD Commentary provides that paragraph 3 of Article 24 of the Model Tax Convention, which is in our view analogous to paragraph 5 of Article XXV of the Canada – U.S. ...

La convention («Convention») prévoyant la création de la fiducie prévoit qu’il doit y avoir deux fiduciaires et que toutes les décisions des fiduciaires (y compris celles concernant l’exercice de droits de vote) doivent être prises à l’unanimité par ceux-ci. Les deux premiers fiduciaires prévus par la Convention sont M. X et M. ... La Convention prévoit deux rangs de bénéficiaires de la Fiducie ABC. Le bénéficiaire de premier rang du capital et du revenu de la Fiducie ABC est Commerco. ...

Position: No Reasons: Neither clause 56(1)(a)(i)(C.1) of the Act nor paragraph 1 of Article XVIII of the Canada-US Tax Convention applies. ... C would be entitled, under paragraph 110(1)(f) of the Act, to a $40,000 deduction in accordance with the provisions of paragraph 1 of Article XVIII of the Canada-United States Tax Convention (the "Convention"). ... C would have to include the gross amount, i.e. $100,000, of the UPP Distribution or IRA Distribution, as the case may be, in his income pursuant to paragraph 56(1)(a) of the Act and would not be entitled, either pursuant to paragraph 110(1)(f) of the Act and paragraph 1 of Article XVIII of the Convention or clause 56(1)(a)(i)(C.1) of the Act, to a deduction in respect of the US estate taxes paid on the value of the UPP or IRA. ...