DTA between Canada and Hong Kong
According to the Hong Kong Inland Revenue Department, on November 11, 2012, Hong Kong and Canada signed a comprehensive
See MorePoland’s lower house of parliament approves law to ratify DTA with Canada
On October 10, 2012, Poland's lower house of parliament approved a law that would ratify the pending double taxation agreement (DTA) and an accompanying Protocol the nation signed with
See MoreTIEA between Canada and Costa Rica entered into force
The tax information exchange agreement (TIEA) signed between Canada and Costa Rica on August 11, 2011, entered into force on August 14, 2012, the Canadian Ministry of Finance confirmed on August 20,
See MoreCanada: welcomes IRS tax return help
Canadian Finance Minister has welcomed the US government's decision to help dual citizens residing in Canada deal with their US tax filing obligations. The Internal Revenue Service (IRS) will also offer assistance to those with Canadian retirement
See MoreNew DTA signed between New Zealand and Canada
The double taxation agreement (DTA) signed between New Zealand and Canada on March 3, 2012, which replaces the existing DTA signed between the two countries, was forwarded to New Zealand's parliament on June 18, 2012, as part of the nation's
See MoreCanada and Poland signed a Protocol to amend the existing DTA
On May 14, 2012, Canada and Poland signed a Protocol to amend the existing 1987 double taxation agreement (DTA). The Protocol in particular lowers the rates of withholding tax applicable under the
See MoreCanada Promotes Budget’s Trade Benefits
Canada's 2012 Budget will help expand trade and open new markets for businesses, the Minister in charge has said. Ted Menzies, the Minister of State (Finance), spoke at the Economic Club of Canada in Ottawa to promote the benefits of the new Budget,
See MoreBudget deficit is shrinking in Canada
According to the latest Fiscal Monitor published by the Canadian Ministry of Finance the Canadian monthly budgetary deficit has fallen remarkably per annum. According to them the revenue increased by 8.1% each year as a result of higher personal
See MoreCanada: Corporate tax filing rules amended
The tax deferral rules are to be amended in Canada’s corporate partnership to extend the time available to companies to file an alignment election. According to the existing regime corporate partners can choose the fiscal period of their
See MoreCanada: Budget to be implemented for 2011
A motion to implement Budget 2011 has been tabled on October 3, 2011, by the Canadian Minister for Finance. The Notice of Ways and Means Motion includes the previously announced tax measures referenced in Budget 2011 to implement. The Ministry
See MoreCanada promotes fire-fighter tax credit
Canada’s Ministry for National Revenue has highlighted a new tax credit targeting volunteer fire-fighters. This is a part of their ongoing promotion of the government’s Budget measures. Speaking at a fire station Canada’s Minister for National
See MoreCanada: New tax credit highlights
In the recently reintroduced 2011 federal Budget the Canadian government has announced its new children’s arts tax credit. According to that parents can claim money spent on programmes focusing on fine arts, music, performing arts, outdoor
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