The Double Tax Agreement (DTA) protocol between Canada and the UK has signed on July 21, 2014 that amends its withholding tax and information exchange provisions. This contains a release from withholding tax for payments of interest made subject to loans between persons at arm’s length. At present, the rate of withholding tax for interest is 10% and for royalties it should not go above 10%. The protocol also includes a revised provision on the tax information exchange, which represents the new standards developed by the OECD. Canada and the UK must finish their relevant domestic ratification process before the changes can enter into force.