Entry Into Force of a Protocol Amending the Tax Convention Between Canada and the United Kingdom
May 7, 2004
A Protocol amending the Convention between Canada and the United Kingdom for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital gains entered into force on May 4, 2004. The Protocol was signed on May 7, 2003. In the case of Canada, the Protocol will have effect in respect of withholding taxes on amounts paid or credited to non-residents on or after January 1, 2005, and in respect of other Canadian taxes, for taxation years beginning on or after January 1, 2005. In the case of the United Kingdom, the Protocol will have effect in respect of income tax and capital gains tax, for any year of assessment beginning on or after April 6, 2005, and in respect of corporation tax, for any financial year beginning on or after April 1, 2005.
For further information contact:
Tax Legislation Division