Second Protocol Signed Between Canada and Austria
March 9, 2012
A Second Protocol amending the Convention between Canada and the Republic of Austria for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income and on Capital, signed in Vienna on December 9, 1976 and amended by a Protocol signed in Vienna on June 15, 1999, was signed on March 9, 2012, in Vienna.
Consistent with the Government's policy announced in Budget 2007, the Second Protocol includes provisions reflecting the standard developed by the Organisation for Economic Cooperation and Development for the exchange of tax information.
Canada and the Republic of Austria will notify each other once their respective domestic implementation procedures are complete. The Second Protocol will enter into force on the first day of the third month following the date of receipt of the later of these notifications and its provisions will generally have effect for taxable periods beginning on or after January 1st of the calendar year following the year of its entry into force.
A further notice advising of the entry into force of the Second Protocol will be communicated at that time.
For further information contact:
Tax Legislation Division