New Zealand and Canada signed a second protocol to income tax treaty on 12 September 2014. This protocol delivered specific right to tax to New Zealand regarding pensions. This specific right to tax uses on only to pensions under a government superannuation fund scheme or National scheme of provident fund particularly those individuals who became members of these schemes before 1996. Both countries will inform to each other to complete their domestic procedures which are important to the second protocol to give force of legislation. The second protocol will enter into force after completion of these procedures and the rule become effective when the income tax and the first Protocol enter into force.
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