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Ottawa, May 2, 1997
1997-042

Entry Into Force of the Tax Convention Between Canada and the Republic of South Africa

Finance Minister Paul Martin today announced that the Government of Canada notified the Government of the Republic of South Africa on April 30, 1997, that the necessary procedures in Canada for the bringing into force of the Convention between Canada and the Republic of South Africa for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income signed at Toronto on November 27, 1995, have been completed. The Government of the Republic of South Africa has already notified the Government of Canada on August 23, 1996, that it had completed its own procedures. Article 28 of the Convention provides that it shall enter into force on the date of the later of these notifications.

The Convention therefore entered into force on April 30, 1997 and its provisions will have effect:

(a) in respect of tax withheld at the source on amounts paid or credited to non-residents on or after the first day of July 1997; and

(b) in respect of other taxes for taxable years beginning on or after the first day of July 1997.

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For further information:

Jean-Marc Déry
Tax Legislation Division
(613) 992-1862