New Tax Convention between Canada and New ZealandBy Robert Robillard - 2 July 2015
This blogpost originally appeared on rbrt.ca.
From Finance Canada website:
“The new Convention between Canada and New Zealand for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, and related protocols, entered into force on June 26, 2015. The new Convention and its First Protocol were signed on May 3, 2012. The Second Protocol was signed on September 12, 2014.
In accordance with Article 28 of the new Convention, the provisions of the new Convention and its related protocols generally have effect in Canada: in respect of tax withheld at the source on amounts paid or credited to non-residents, on or after the first day of August 2015; and in respect of other Canadian tax, for taxation years beginning on or after the first day of January 2016.
The new Convention replaces the tax convention signed on May 13, 1980.”
See more on Canada’s tax conventions here.
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