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IFA 2018 International Tax Conference Canada Revenue Agency Roundtable Question 2- Principal Purpose Test in MLI In Question 8(d) at the 2017 Canadian Tax Foundation Annual Tax Conference CRA Roundtable, the CRA refrained from commenting on the examples set out in paragraphs 182 and 187 of the Commentary to Article 29 of the then draft 2017 OECD Model Tax Convention (“OECD Model”) with respect to the “object and purpose” clause within the principal purpose test (“PPT”) of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting, commonly referred to as the Multilateral Instrument (“MLI”). ... Paragraph 7(a) of Article 29 of the Canada-France Tax Convention; Paragraphs 7(b) and (c) of Article X of the Canada-U.S. Tax Convention; Competent Authority Agreements – e.g. Canada-Netherlands agreement regarding closed funds for mutual account (besloten fonds voor gemene rekening, or FGR); Canada-Switzerland agreement regarding Canadian collective investment vehicles; (footnote 2) and Advance Income Tax Rulings – e.g. ...

Tax Convention Principal Issues: Whether corporations that have multiple classes of voting shares are "qualifying persons" under subparagraph 2(c) of Article XXIX-A of the Canada-U.S. Tax Convention where one or more of the classes of shares is thinly traded, or does not trade. ... Treaty Paragraph 1 of Article XXIX-A of the Convention between Canada and the United States of America, signed on September 26, 1980, as amended by the Fifth Protocol on December 15, 2008 (hereafter "the Treaty"), contains a limitation on benefit (LOB) clause that states that only a "qualifying person" is entitled to all benefits of the Treaty. ...

29 May 2018 STEP Roundtable Q. 16, 2018-0744121C6- Impact of check the box election Unedited CRA Tags 91(1), 95(1), 126, 20(12), Article IV of the Canada-US Tax Convention Principal Issues: Whether the CRA agrees that generally there are no Canadian tax implications when a US LLC, which was previously regarded as a fiscally transparent entity for US tax purposes, elects to be treated as a corporation under the US check-the-box rules. ... When a US LLC is treated as a corporation for US tax purposes and pays US tax on its income, the LLC may qualify as a "resident" of the US under the Canada-US Tax Convention. ... However, we would note that the application of the Canada-US Tax Convention to a US LLC as well as certain other Canadian tax consequences, such as foreign tax credits and deductions, may be different depending upon whether the US LLC is treated as a fiscally transparent entity or a corporation under US tax law. ...

Quels sont les facteurs que l'ADRC prendrait en compte pour établir si le montant des intérêts payables dans le cadre d'une convention particulière de prêt excède une " somme raisonnable à cet égard "? ... Eu égard à la multitude possible des conventions de prêt, quels sont les facteurs que l'ADRC prendrait en compte pour établir si le montant des intérêts payables dans le cadre d'une convention particulière de prêt excède une " somme raisonnable à cet égard "? ...

La signature de tous les documents nécessaires au transfert effectif des actions par les parties (convention de vente, endossement de certificats d'actions, paiement) a lieu à 13h30 le vendredi 26 juillet 2013. Afin que la coupure pour les ajustements financiers et comptables relatifs à la transaction de vente ait lieu à la fin de la journée au lieu d'au milieu, la clause suivante se retrouve dans la convention de vente d'actions intervenue entre M. ... X: Nonobstant le moment de la signature de la présente convention entre les parties, celles-ci conviennent qu'aux fins du paragraphe 256(9) L.I.R., le moment où le contrôle d'ABC inc. sera acquis par M. ...

17 July 2008 IFA Roundtable, 2008-0272361C6- Limitation of Benefits Unedited CRA Tags Art XXIX A 2(d) & (e) Principal Issues: For purposes of applying the Limitation of Benefits Provision of the Canada-US Income Tax Convention, as amended by the Fifth Protocol (the "Canada-US Treaty"), will Canada look through limited liability companies ("LLCs") and other entities that are fiscally transparent for US purposes, in applying paragraphs 2(d) and (e) of the definition of "qualifying person" of Article XXIX A? Position: Yes Reasons: Technical Explanation of the Canada-US Treaty 2008 IFA Conference Question: For purposes of applying the Limitation of Benefits Provision of the Canada-US Income Tax Convention, as amended by the Fifth Protocol (the "Canada-US Treaty"), will Canada look through limited liability companies ("LLCs") and other entities that are fiscally transparent for US purposes, in applying paragraphs 2(d) and (e) of the definition of "qualifying person" of Article XXIX A? ...

Income Tax Convention (the "Fifth Protocol") including guidance in regard to reliance on the Canada- U.S. Income Tax Convention (the "Treaty")? Answer The CRA has prepared and provided to publishers various Technical Interpretations regarding the interpretation of various provisions of the Fifth Protocol. ...

En vertu d'une convention unanime des actionnaires (" CUA "), tous les droits d'acquérir des actions du capital-actions d'une société par un actionnaire donné ont été limités afin de faire en sorte que ce dernier ne puisse acquérir personnellement plus de 49 % des actions de la société. ... Chacun des droits suivants pourrait constituer un droit d'acquérir des actions du capital-actions d'une société: une option d'achat d'actions du trésor d'une société octroyée par la société à un employé, une option d'achat d'actions octroyée par un actionnaire d'une société sur des actions de la société qu'il possède, un bon de souscription d'actions (warrant), un droit d'acheter des actions contenu dans une convention d'achat/vente, un droit de conversion d'une débenture émise par une société en actions ordinaires du capital-actions de la société, un droit de convertir des actions privilégiées convertibles d'une société en actions ordinaires du capital-actions de la société, et un droit d'acheter des actions des autres actionnaires prévu dans une convention entre actionnaires. Un droit de contrôler des droits de vote pourrait inclure notamment un droit accordé dans une convention de vote permettant à une personne de contrôler les droits de vote afférents aux actions possédées par les autres parties à la convention. ...

Article III(1)(f) provides that ("[F]or the purposes of this Convention, unless the context otherwise requires") "the term 'company' means any body corporate or any entity which is treated as a body corporate" Accordingly, it appears that a US partnership which is treated for the purposes of the Code as a corporation and is subject to US tax on its worldwide income is a resident of the US within the meaning of paragraph 1 of Article IV of the Treaty because, it is a person who, under the laws of the US is liable to tax in the U.S. by reason of its "domicile, residence, citizenship, place of management, place of incorporation or any other criterion of a similar nature". ... Accordingly, we agree that unless paragraph 6.2 of the Income Tax Conventions Interpretations Act has application, a US Partnership that is treated for the purposes of the Internal Revenue Code as a corporation would be treated as a resident of the US pursuant to paragraph 1 of Article IV of the Canada-US Treaty. ...

Income Tax Convention (1980). With respect to each of the questions mentioned above, the Department would be prepared to review the facts of a particular situation to determine whether any withholding tax is required under paragraph 212(1)(d) or Regulation 105 on a specific payment, or portion of such payment. ... Income Tax Convention. Subject:Fees to access data from a U.S. data bank. ...