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Income Tax Convention (the "Convention"). Any income or taxable capital gains derived by a U.S. Charity described in paragraph 1 of Article XXI of the Convention, which is a resident of the United States in accordance with Article IV of the Convention, will be exempt from tax in Canada by virtue of that paragraph to the extent that such gains are exempt from tax in the United States and provided that paragraph 3 of Article XXI of the Convention does not have application to such gains. However, such organization would be required to comply with paragraph 76(c) of the Information Circular 77-16R3 in order to ensure whether the particular organization qualifies for exempt status under paragraph 1 of Article XXI of the Convention. ...

La convention d'option d'achat d'actions signée avec M. ... Y (ci-après " la Convention Y "). M. Y est le vice-président XXXXXXXXXX de SOCIÉTÉ. ... Pour l'application de l'alinéa 110(1)d) de la Loi, les conventions ne seront pas considérées comme étant de nouvelles conventions du seul fait de la modification. ...

Les conventions qui seront conclues par Holdco XX et IF seront composées du CVT, de la Convention de Prêt, l'Hypothèque Mobilière liée au CVT, et l'Hypothèque Mobilière liée à la Convention de Prêt. ... Holdco XX procédera à un emprunt (" Prêt ") aux termes et conditions d'une convention de prêt (" Convention de Prêt ") qui sera conclue avec IF. ... Concurremment à la signature de la Convention de Prêt, Holdco XX conclura une convention (" Hypothèque Mobilière liée à la Convention de Prêt ") avec IF pour garantir l'accomplissement de ses obligations qui découlera de la Convention de Prêt. ...

Income Tax Convention (1980) (the "Convention") in accordance with Article IV of the Convention ("U.S. ... Pension Fund, Master Trust or Charitable Organization which is constituted in the United States will pursuant to subparagraph (1)(b) of Article IV of the Convention, be considered to be a resident of the United States for the purposes of the Convention. ... E.Provided that a U.S. investor that acquires units of the Fund or a U.S.investor who is a member of a partnership that acquires units of the Fund, did not become a resident of the United States for the purpose of obtaining the benefits of the Convention and can reasonably be considered the beneficial owner of the income distributed by the Fund, the benefits of the Convention will not be denied to the investor as contemplated by paragraph 7 of Article XXIXA of the Convention. ...

Pubco is a resident of the United States for the purposes of the Convention. 5. ... US Holdco is a resident of the United States for the purposes of the Convention. 6. ... Canco is a resident of Canada for the purposes of the Convention. 10. ...

Les Fonds A sont régis par la Convention A conclue le XXXXXXXXXX. 16. ... Toutes les modifications qui seront apportées à la Convention A sont énoncées dans l'ébauche de convention proposée datée du XXXXXXXXXX. 24. ... Les amendements à la Convention A s'appliqueront à tous les détenteurs d'unités des Fonds visés par ces conventions à la date d'entrée en vigueur des amendements et seront effectués conformément au pouvoir de la gérante et du fiduciaire d'amender ces conventions et qui leur est conféré en vertu du chapitre XXXXXXXXXX de la Convention A. 37. ...

Before we address your first query, we must first clarify the Department's position on the taxation of foreign embassy employees under the provisions of the Income Tax Act (the "Act") and the Canada-Netherlands Income Tax Convention (1986) the ("Convention"). ... Under the Canada-Netherlands convention, the broadest exemption is provided if an international law or a special agreement will apply to exempt the individual.  ... In this latter case, Canada will provide a tax credit as required by Articles 22(4) and 22(5)(a) of the convention for any Netherlands' taxes paid. ...

Provincial and International Relations Division have indicated that such arrangements on social security do not override the Act and would also have no effect on income tax agreements or conventions. The only tax agreement or convention which we are aware of which overrides the Act concerning social security payments is paragraph 5 of Article XVIII of the Canada-U.S. Income Tax Convention (Convention). In the case of the United States, we have indicated that, in the calculation of taxable income of a U.S. resident under section 217 of the Act, the individual would be permitted a paragraph 110(1)(f) deduction with respect of benefits received from OAS and CPP/QPP pursuant to paragraph 5 of Article XVIII of the Convention. ...

Senécal   (613) 957-2074 November 28, 1990 Dear   19(1) This is in reply to your letter of November 21, 1990, concerning taxation by Spain of fees earned by your company with respect to a contract to be entered into by your firm to provide  24(1) We are not aware of any special tax concessions adopted by the Spanish Government with respect to foreign companies performing work for the 24(1) However, Article 7 of the Canada-Spain Income Tax Convention (copy attached) does provide that the business profits of a Canadian enterprise are only taxable in Canada unless the enterprise has a permanent establishment in Spain. ... Article 1 of the Convention (copy attached) provides that the Convention shall apply only to residents of one or both of the Contracting States. In as much as a resident of a Contracting State is defined in the Convention as being any person liable to tax in that State by reason of residence, place of management, etc., the Spanish tax authorities have the right to ask that the Canadian tax authorities confirm that your company is a resident of Canada and liable to tax here prior to granting any relief provided for in the Convention. ...

Individual is a resident of the United States and a qualifying person pursuant to the Convention. 2. ... USco is a resident of the United States and a qualifying person pursuant to the Convention. ... US Holdco is also a resident of the United States and a qualifying person pursuant to the Convention. ...