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Canada is a signatory to a Treaty for the Prevention of Double Taxation with many countries all over the world.
Draft agreements with additional countries are at the discussion stages.
A Double Taxation Prevention Treaty, in principle, enables offsetting tax paid in one of 2 countries against the tax payable in the other, in this way preventing double taxation.
Another important factor is the grant of an exemption or tax at a reduced rate on certain receipts such as interest, royalties, dividends, capital gains and others that are connected with a transaction carried out between parties associated with the Double Taxation Prevention Treaty.
When certain income is taxable under the Canadian Income Tax Ordinance but there is an exemption (reduced tax) under any Taxation Treaty, the income is taxed, if at all, but only according to the provisions of the Taxation Treaty.
Canada Double Taxation Agreements, November 2015
Algeria |
Argentina |
Armenia |
Australia |
Austria |
Azerbaijan |
Bangladesh |
Barbados |
Belgium |
Brazil |
Bulgaria |
Cameroon |
Chile |
China |
Colombia |
Croatia |
Cyprus |
Czech Republic |
Denmark |
Dominican Republic |
Ecuador |
Egypt |
Estonia |
Finland |
France |
Gabon |
Germany |
Greece |
Guyana |
Hong Kong |
Hungary |
Iceland |
India |
Indonesia |
Ireland |
Israel |
Italy |
Ivory Coast |
Jamaica |
Japan |
Jordan |
Kazakhstan |
Kenya |
Korea, Rep of |
Kuwait |
Kyrgyzstan |
Latvia |
Lebanon |
Lithuania |
Luxembourg |
Malaysia |
Malta |
Mexico |
Moldova |
Mongolia |
Morocco |
Namibia |
Netherlands |
New Zealand |
Nigeria |
Norway |
Oman |
Pakistan |
Papua New Guinea |
Peru |
Philippines |
Poland |
Portugal |
Romania |
Russia |
Senegal |
Serbia |
Singapore |
Slovak Republic |
Slovenia |
South Africa |
Spain |
Sri Lanka |
Sweden |
Switzerland |
Tanzania |
Thailand |
Trinidad & Tobago |
Tunisia |
Turkey |
Ukraine |
United Arab Emirates |
United Kingdom |
United States |
Uzbekistan |
Venezuela |
Vietnam |
Zambia |
Zimbabwe |
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Canada Tax News 2016 |
Canada GST and other Taxes |
Canada Taxes |
Canada Double Taxation Prevention Treaties |
Canada Hot Tax Tips |
Canada Business Newspapers |
Canada Business News |
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