tag:blogger.com,1999:blog-8414181796915902782.post5224575224301796383..comments2007-09-21T16:44:37.612-07:00Vancouver Tax Accountanthttp://www.blogger.com/profile/04555062495662358497noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8414181796915902782.post-55911697708243293032007-09-21T16:44:00.000-07:002007-09-21T16:44:00.000-07:00This change means someone in Canada who borrows money from a U.S. lender will no longer have to withhold and remit Canadian tax on the interest payments. <BR/><BR/>Other amendments to the tax treaty include:<BR/><BR/> * Extending treaty benefits to limited liability companies.<BR/> * Allowing taxpayers to require that some double taxation issues be settled through arbitration.<BR/> * Ensuring there is no double taxation on capital gains of investors who move from one country to the other.<BR/> * Giving mutual tax recognition of pension contributions.<BR/> * Clarifying how stock options are taxed.<BR/><BR/>The treaty must be ratified by the Canadian and U.S governments, and is set to go into effect Jan. 1.Anonymousnoreply@blogger.com