- 5% on dividends if the beneficial owner is a company (other than a partnership) that controls directly at least 25% of the voting power of the payor corporation
- 15% on dividends paid in all other cases
- 10% on payments of interest and royalties.
Entry into force
The treaty will have effect in Canada for tax withheld at source on amounts paid or credited to non-residents, on or after January 1, 2014. For other taxes, the treaty will have effect for taxation years beginning on or after January 1, 2014.
For more information, contact your KPMG adviser.
Information is current to November 05, 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