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Ottawa, November 9, 1995
1995-091

Entry into Force of the Protocol Signed on March 17, 1995 to the Canada - United States Income Tax Treaty

Finance Minister Paul Martin today announced that the Protocol signed on March 17, 1995, amending the Convention between Canada and the United States with respect to taxes on income and on capital signed on September 26, 1980, as amended by the Protocols signed on June 14, 1983 and March 28, 1984, came into force with the exchange of instruments of ratification at Ottawa earlier today.

In accordance with Article 21 of the Protocol, its provisions will have effect:

1. (a) in respect of tax withheld at the source (other than social security payments), to amounts paid or credited to non-residents on or after January 1, 1996;

   (b) in respect of the application of new Article XXVI A of the Convention, which authorizes the respective country's revenue authorities to provide collection assistance with respect to each other's taxes, to revenue claims finally determined after November 9, 1985;

   (c) in respect of new Article XXIX B of the Convention, which contains a number of special rules applying to United States estate taxes and Canadian income taxes imposed on death, to deaths occurring after November 10, 1988; and

   (d) in respect of other taxes (including taxes in relation to social security payments), for taxation years beginning on or after January 1, 1996.

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For further information:

Brian Ernewein
Tax Legislation Division
(613) 992-3045