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Article XV of the new Canada-United States Income Tax Convention, which with regard to employment earnings is effective January 1, 1985, exempts from tax in the United States the employment income derived therein by a resident of Canada if the remuneration does not exceed $10,000 U.S. or if the recipient is present in the United States for 183 days or less in the year and the remuneration is not paid by a United States employer or by a permanent establishment in the United States of the Canadian employer. ... Under the current Canada-United States Income Tax Convention a similar exemption under Article VII is in place for residents of Canada in circumstances where the taxpayer is present in the United States for a period not exceeding 183 days in the year and a) his compensation is received for services performed as an employee of his Canadian employer or of a permanent establishment in Canada of his United States employer, or b) his compensation received for such personal services does not exceed $5,000. ... Employment income earned in Canada by a United States resident taxpayer which is not exempt under the provisions of the current or new Conventions, as the case may be, is taxable in Canada. ...

Il nous semble que votre interprétation sur la qualification des actions souscrites par les marchands, conformément à la Convention avec la Compagnie, à titre d'éléments d'actif utilisés dans une entreprise exploitée activement est raisonnable. ... Par ailleurs, en ce qui a trait aux actions souscrites volontairement par un marchand, en plus de celles requises par la Convention, nous partageons votre interprétation à l'effet que ces actions ne seraient pas considérées utilisées dans l'entreprise exploitée par le marchand. ... Nous n'avons pas considéré les conséquences qui pourraient survenir dans le contexte d'une transaction spécifique incluant les droits et obligations des parties contenus dans la Convention. ...

Under the Canada-United States Tax Convention, an enterprise of the United States is not subject to taxation by Canada in respect of its industrial and commercial profits except those profits allocable to its permanent establishment (see Interpretation Bulletin IT-177R enclosed) in Canada. ... However, there may be exemption from this tax also under the present Canada-United States Tax Convention (see enclosed IT-137R2 and IT-277 in this regard). ... If the individual who is to be b red as an engineer is a nonresident of Canada, he too will be subject to Canadian income tax on his taxable income earned in Canada (refer to IT-420R enclosed), subject to the overriding exempting provisions of Article VII of the Canada-United States Tax Convention. ...

Unfranked dividends will continue to be subject to withholding tax in Australia but subject to reduced rates under the Canada-Australia Income Tax Convention (Convention). ... In addition, the terms of the Convention do not exempt Australian franked dividends from taxation in a Canadian resident's hands. ...

Martineau (613) 957-8953 19(1) Le 25 avril 1991 Monsieur, La présente est en réponse à votre lettre du 14 janvier 1991 dans laquelle vous désirez notre interprétation quant à la possibilité de choisir comme somme convenue pour les fins du paragraphe 85(1) de la Loi de l'impôt sur le revenu (la "Loi"), un montant déterminé sujet à une clause d'ajustement dans le cadre d'une convention de vente d'actions qui serait faite aux fins de procéder à la cristallisation de l'exemption de gain en capital. ... Vous nous avez soumis à titre d'exemple le texte de certains paragraphes qui seraient insérés à la convention de vente d'actions aux fins de la cristallisation de l'exemption de gain en capital. 6. vous avez indiqué que dans la mesure où le Ministère l'exigerait, une clause d'ajustement dont vous avez fourni un exemple pourrait être joint en annexe du formulaire prescrit T-2057. ... Le Vendeur désire donc s'assurer qu'advenant le cas où le Ministère était en désaccord avec lui quant à l'admissibilité des actions transférées à l'exemption du gain en capital, les actions seraient alors réputées avoir été transférés à un montant résultant de l'application de la formule contenue à la convention de vente. 000094 Nos commentaires Tel que mentionné au numéro 21 de la circulaire d'information 70- 6R2 du 28 septembre 1990, le Ministère n'émet pas d'opinion sur des transactions projetées sauf sous forme de décisions anticipées. ...

Income Tax Convention (Convention) provides for withholding tax equal to 15 percent of the gross amount of periodic payments paid by a U.S. payor from a U.S. pension fund to a Canadian resident and 30 percent with respect to lump sum payments. ... The Convention also provides that residents of Canada who are also U.S. citizens will continue to be taxed in the U.S. at domestic rates rather than at the rates set out above. ...

Paragraphs 2 and 3 of Article X of the Canada- Singapore Income Tax Convention (the "Convention") provide for similar treatment. Accordingly, it would appear that the treatment proposed under both the Agreement and the Convention contemplated granting a foreign tax credit in accordance with Canadian rules that could be equal to but no greater than the 40 percent tax rate charged on the gross amount of the dividend. ... Paragraph 3 of article X of the Convention and paragraph 5 of Article X of the Agreement provide that Singapore and Malaysia will not impose a tax on dividends in addition to the 40% tax chargeable on the profits of the company which are distributed to the shareholder. ...

Paragraphs 2 and 3 of Article X of the Canada- Singapore Income Tax Convention (the "Convention") provide for similar treatment. Accordingly, it would appear that the treatment proposed under both the Agreement and the Convention contemplated granting a foreign tax credit in accordance with Canadian rules that could be equal to but no greater than the 40 per cent tax rate charged on the gross amount of the dividend. ... Paragraph 3 of article X of the Convention and paragraph 5 of Article X of the Agreement provided that Singapore and Malaysia will not impose a tax on dividends in addition to the 40% tax chargeable on the profits of the company which are distributed to the shareholder. ...

Tax Convention Canada-U.S. Tax Treaty:Art. X, XIII This is in response to your memorandum of January 6, 1989 and further to our meeting of May 25, 1989. ... In addition, in the case of U.S. corporations, the claims made against the $500,000 cumulative Part XIV tax exemption referred to in Article X(6) of the Convention by the disappearing corporations would continue to affect the total claim available to the surviving corporation. ... Prescribed treaty provisions such as Article XIII(e) of the Convention clearly give the Minister the right to attach such terms and conditions. ...

Income Tax Convention (1980) (the "Convention"). Thus if a wind-up occurred in the U.S. the funds held by the corporation might be distributed tax-free to XXX On the other hand, if the corporation is a U.S. resident Part XIII tax would be exigible on the dividends. ... Notwithstanding the common law principles of residency, new subsection 250(5) of the Act deems a corporation for purposes of the Act as being not resident in Canada if it is treated for purposes of an income tax convention between Canada and another Contracting state as a resident of the other Contracting State. Since XXX was incorporated in the United States and is considered a resident of the United States effective January 1985 for purposes of the Convention, subsection 250(5) of the Act deems the corporation not to be resident in Canada for purposes of the Act. ...