Search - convention

In that case, the benefit may be taxable in both countries, with no foreign tax credit or clear relief under an income tax convention. ... CRA Response OECD Commentary Paragraphs 12 to 12.15 of the Commentary on Article 15 of the OECD Model Convention provide guidance on how to determine which country has primary taxing rights as the country of source to an employee stock option benefit. Canada has been applying the principles outlined in these paragraphs to resolve double taxation under its income tax treaties (except for the Canada-United States Tax Convention) since 2005. ...

28 November 2011 Roundtable, 2011-0425911C6- Remittance Basis Taxation CRA Tags Treaties Article XXI of the Canada-Singapore Income Tax Convention Principal Issues: Where Part XIII tax is withheld from interest payment made by Canadian-resident to non-arm's-length Singapore resident at non-treaty rate of 25% by virtue of Article XXI of Canada-Singapore Income Tax Convention (1980), whether refund of a portion of tax withheld will be made when the income is subsequently remitted to or received in Singapore and included in the computation of income for Singapore tax purposes. ... However, we are currently considering whether Article XXI of Canada-Singapore Income Tax Convention provides implicit authority to override the time limitation in subsection 227(6). 2011 Canadian Tax Foundation Conference November 27-29, 2011 Canada Revenue Agency Round Table – Question 4 Article XXI of the Canada-Singapore Income Tax Convention (1977) (the "Singapore Treaty") limits the extent to which Canada is obligated to provide treaty benefits in respect of Canadian-source income derived by a resident of Singapore. ...

Dans l'Interprétation Technique 2008, l'ARC mentionne par ailleurs qu'une convention entre actionnaires ne devrait pas contenir de clauses qui auraient pour effet de réduire la valeur des actions privilégiées de gel. ... Pourriez-vous donner des exemples de clauses d'une convention entre actionnaires (unanime ou autre) qui, selon vous, diminueraient la valeur des actions privilégiées de gel. 2. ... " Par ailleurs, l'Interprétation Technique 2008 souligne que les clauses d'une convention entre actionnaires ne doivent pas entraîner une réduction de la JVM des actions privilégiées de gel. ...

28 May 2015 IFA Roundtable Q. 12, 2015-0581521C6- IFA 2015 Q.12: Canada-Switzerland Treaty CRA Tags Treaties Article X(2)(a) Principal Issues: Whether the French or English version of Article 10(2)(a) of the Canada- Switzerland Tax Convention applies? Position: The version that provides the most favourable result for taxpayers Reasons: Consultations with Swiss and Canadian Competent Authorities and Finance Canada. 2015 International Fiscal Association Conference CRA Roundtable Question 12 – Canada-Switzerland Tax Convention: Article 10(2)(a) Article 10(2)(a) of the Canada-Switzerland Tax Convention (the "Swiss Treaty") restricts Canada's right to tax dividends paid by Canadian-resident companies to Swiss-resident companies to a maximum of 5 per cent of the gross amount of the dividends if, inter alia, the dividends are paid to a company that "owns at least 10 per cent of the voting stock and of the capital of the company paying the dividends". ...

La première disposition survient lors de la vente à découvert et le titre vendu n’est pas un titre acquis aux termes d’une convention d'achat d'actions. ... Prenons l’exemple d’un contribuable (« Employé ») qui détient une option d’achat d’action de son employeur en vertu d’une convention visée au paragraphe 7(1) L.I.R. (« Option »). ... Cependant, dans le cadre de la vente à découvert, l’Employé dispose du titre avant de l’avoir acquis en vertu de la convention visée au paragraphe 7(1) L.I.R. ...

Paragraph 2 of Article 6 of the Convention defines the term “immovable property” for purposes of the Convention. ... Therefore the U.K. resident is taxable under the Act on the disposition of the shares, unless the gain is exempt under the Convention. ... It is not necessary to determine whether the shares derive their value from immovable property as defined in the Convention or the Income Tax Conventions Interpretation Act. ...

8 April 2009 Roundtable, 2008-0272371C6- Limitation of Benefits Unedited CRA Tags Art XXIX A (2)(d) & (e) Principal Issues: How will Canada interpret the reference to "in connection with or incidental to" in applying paragraph 3 of Article XXIX A of the Canada-US Income Tax Convention, as amended by the Fifth Protocol (the "Canada-US Treaty")- what is the required nature of the connection, and the required degree of the connection? ... Reasons: Technical Explanation to the Canada-US Treaty IFA 2008 April 8 2009 Question Paragraph 3 of Article XXIX A of the Canada-US Income Tax Convention, as amended by the Fifth Protocol (the "Canada-US Treaty") provides, in part, as follows: "Where a person is a resident of a Contracting State and is not a qualifying person, and that person, or a person related thereto, is engaged in the active conduct of a trade or business in that State..., the benefits of this Convention shall apply to that resident person with respect to income derived from the other Contracting State in connection with or incidental to that trade or business... ...

/ Can the CRA confirm that expenses for attending a convention for the purpose of earning business income are not subject to the limits of two conventions? Position Adoptée: Lorsqu’un contribuable a notamment engagé ou effectué des dépenses relatives à un congrès en vue de tirer un revenu de l’entreprise et que ces dépenses ne sont pas des dépenses en capital, ces dépenses pourraient être déductibles dans le calcul de son revenu d’entreprise sans égard au paragraphe 20(10). / Among other things, where a taxpayer has made or incurred convention expenses for the purpose of gaining or producing income from the business and such expenses are not capital outlays, such expenditures may be deductible in computing his or her income without reference to subsection 20(10). ...

Réponse Les définitions prévues au paragraphe 248(1) concernant les expressions "action privilégiée imposable" et "action privilégiée à court terme" sont très larges et s'appliquent entre autres lorsqu'une société émettrice ou une personne apparentée (au sens de l'alinéa h) de la définition d'action privilégiée imposable) à celle-ci est partie à une convention pour acquérir une action pour un montant déterminé. Il y a exception à cette règle lorsque le montant stipulé dans la convention pour l'acquisition de l'action ne dépasse pas la juste valeur marchande de l'action au moment de son acquisition. Pour cette fin, la juste valeur marchande d'une action doit être déterminée sans référence à la convention en question. ...

18 June 2015 STEP Roundtable Q. 4, 2015-0581931C6- 2015 STEP Q4- Competent Authority Assistance CRA Tags Treaties Article XXIX Principal Issues: Guidance on how to request assistance from the Canadian Competent Authority with respect to paragraph 5 of Article XXIX of the Canada – US Tax Convention. ... Under paragraph 5 of Article XXIX of the Canada-United States Tax Convention (Convention), the Canadian Competent Authority may agree to allow a shareholder of an S corporation to treat his or her share of the S corporation's income as foreign accrual property income (FAPI). ... It is important to note that paragraph 5 of Article XXIX of the Convention does not apply automatically. ...