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Ottawa, June 13, 1995 Protocol to the Canada-United States Income Tax Convention: U.S. Technical ExplanationThe United States Treasury Department today released a comprehensive technical explanation of the March 17, 1995 Protocol 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. While it is not customary in Canada to issue a technical explanation on tax treaties concluded by Canada, an opportunity was given to members of the delegation representing Canada in the negotiations to review and comment on the U.S. Treasury's technical explanation. Finance Minister Paul Martin indicated that Canada agrees that the technical explanation accurately reflects understandings reached in the course of negotiations with respect to the interpretation and application of the various provisions in the Protocol of March 17, 1995. A limited number of copies of the U.S. technical explanation are available from the Office of Public Affairs, Room 2313, Main Treasury Building, 1500 Pennsylvania Avenue, N.W., Washington, D.C., U.S.A., 20220, Phone:(202) 622-2960. It is also understood that several of the commercial tax law reporting services intend to reproduce the technical explanation for circulation to their subscribers in Canada ___________________ Brian Ernewein |
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