- Notices of Tax Treaty Developments - Status of Tax Treaties -

Entry Into Force of the Tax Convention Between Canada and Venezuela

May 11, 2004

A Convention between Canada and Venezuela for the avoidance of double taxation and the prevention of fiscal avoidance and evasion with respect to taxes on income and on capital entered into force on May 5, 2004. The Convention was signed on July 10, 2001. In accordance with Article 29 of the Convention, its provisions 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 taxes, for taxation years beginning on or after January 1, 2005.

For further information contact:

Tax Legislation Division
Phone: 613-369-4016