Tax Treaty Update
The Department of Finance announced on December 23, 2016, that two tax treaties have entered into force:
- The Tax Arrangement between the Trade and Economic Offices of Canada and Taiwan; and
- The Tax Convention between Canada and the State of Israel.
With respect to payments made to non-residents, both treaties have effect to payments occurring on or after January 1, 2017. In respect of other taxes, the treaties have effect for taxation years that begin on or after January, 1, 2017.