Effect of Income Tax Conventions

摘要

The rate of Part XIII tax otherwise applicable to a royalty or other payment described in paragraph 212(1)(d) or (i) or subsection 212(5) may be reduced pursuant to an income tax convention between Canada and the country of residence of the non-resident recipient of the payment. An income tax convention is in force between Canada and each of its major trading partners. The most important of these is the Canada-U.S. Income Tax Convention (the "U.S. Convention").