As the bill has received Royal Assent, Canada can now notify each country that it has completed its procedures required to bring the relevant treaty into force in Canada. The protocols will come into effect on a country-by-country basis once they are ratified by the other country and the two countries notify each other that their procedures are complete.
For more information, contact your KPMG adviser.
Information is current to June 25, 2013. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500