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Ottawa, December 15, 2008
2008-104

Archived - Canada’s Global Competitiveness Aided by Entry Into Force of Updated Canada-United States Income Tax Treaty

Archived information

Archived information is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact us to request a format other than those available.

Related document

  • Canada’s New Government Signs Protocol to the Canada-U.S Tax Treaty for the Benefit of Canadians

  • The Honourable Jim Flaherty, Minister of Finance, today announced that the fifth Protocol updating the treaty between Canada and the United States with respect to taxes on income and on capital, signed by Minister Flaherty and Secretary of the Treasury Henry M. Paulson, Jr. on September 21, 2007, entered into force today.

    "The entry into force of this updated treaty with our largest trading partner will benefit individuals and businesses on both sides of the border, including manufacturers," said Minister Flaherty. "The increased trade and investment that it will induce is particularly timely given uncertain global economic conditions."

    The treaty was first signed on September 26, 1980, and has been updated on four previous occasions -- June 14, 1983, March 28, 1984, March 17, 1995 and July 29, 1997. Key measures of the updated treaty include:

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    For further information, media may contact:

    Chisholm Pothier
    Press Secretary
    Office of the Minister of Finance
    613-996-7861

    Jack Aubry
    Media Relations
    Department of Finance
    613-996-8080

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