Canada, a member of the G-7 group of countries, has an extensive international tax treaty network with 69 treaties currently in force. There are also numerous new treaties currently being negotiated and discussions in process to amend existing tax treaties.
Finance Canada recently issued a listing on the status of Canada's international tax treaties that includes treaties that are in force, treaties signed but not yet in force, and treaties that are under negotiation. This listing, dated 30 October 2000, follows:
I. In force (69)
China, People’s Republic 8
Korea, Republic of
Papua New Guinea
Trinidad & Tobago
II. Signed but not yet in force (9)
III. Under negotiation (re-negotiation) (28)
United Arab Emirates
United Kingdom 2
United States 2
Will eventually replace the existing treaty.
A Convention for the exchange of information is also in force.
Part of Bill S-3, which received Royal Assent on June 29, 2000.
In Canada, the enabling legislation for the existsing treaty with Austria provides that the treaty can be amended by order in council, see Order in Council P.C. 1999-1778 approving the current Protocol. Approval of the Protocol by Austria is still pending.
Continues to apply to both the Czech and Slovak Republics.
No longer applies to any former republic of the USSR.
This Convention does not apply to Hong Kong.
The information provided herein is for general guidance on matters of interest only. The application and impact of laws, regulations and administrative practices can vary widely, based on the specific facts involved. In addition, laws, regulations and administrative practices are continually being revised. Accordingly, this information is not intended to constitute legal, accounting, tax, investment or other professional advice or service.
While every effort has been made to ensure the information provided herein is accurate and timely, no decision should be made or action taken on the basis of this information without first consulting a PricewaterhouseCoopers LLP professional.
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