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. ...

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. ...

In addition, it is noted that a discussion draft proposed changes to the commentary in Articles 10, 11 and 12 of the OECD Model Tax Convention concerning beneficial ownership was published on April 29, 2011. ... Response Canada's income tax conventions generally limit Canada's right to tax Canadian-source dividend, royalty and interest payments, but only if the recipient of the payment is the beneficial owner of the income. ... Nothing in the foregoing comments should be construed as a departure from the attribution of beneficial ownership of income that persons resident in the United States are considered to derive under Article IV(6) of the Canada-United States Tax Convention. ...

The Technical Explanation ("TE") to the Fifth Protocol provides as follows (emphasis added): As described above, income that is derived in connection with, or is incidental to, an active trade or business in a Contracting State, must pass the substantiality requirement to qualify for benefits under the Convention. The trade or business must be substantial in relation to the activity in the other Contracting State that gave rise to the income in respect of which benefits under the Convention are being claimed. ... -source income is generated from business activities in the United States related to the television sales activity of the Canadian parent and that the dividend income should be subject to U.S. tax at the 5 percent rate provided by Article X (Dividends) of the Convention. ...

Compte tenu qu'il n'y a pas de marché où les actions de sociétés privées peuvent être transigées, les actionnaires d'une société privée concluent souvent une convention entre actionnaires prévoyant dans certaines situations, la possibilité de vendre ou d'acheter les actions de la société en cas d'impasse entre actionnaires. ... Bien que le libellé du paragraphe 256(1.4) soit suffisamment général pour comprendre presque n'importe quelle convention d'"achat-vente", ce paragraphe ne s'appliquerait pas uniquement en raison de l'existence de l'un ou l'autre des éléments suivants: le "droit de premier refus", une clause communément appelée "clause de coercition (shotgun)" (un arrangement par lequel un actionnaire offre d'acheter les actions d'un autre actionnaire et que l'autre actionnaire doit, soit accepter l'offre, soit acheter les actions appartenant à la partie qui lui a offert d'acheter les siennes) contenu dans la convention des actionnaires. ... Nous ne sommes pas disposés à étendre la position administrative précitée à d'autres situations prévues dans les conventions entre actionnaires. ...