15 November 1989 Income Tax Severed Letter ACC8459 - Withholding Taxes on Bond Interest Payments and Exhange of Information

By services, 22 July, 2022
Official title
Withholding Taxes on Bond Interest Payments and Exhange of Information
Language
English
Document number
Citation name
ACC8459
Severed letter type
Miscellaneous
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
656515
Extra import data
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Main text

19(1)

November 15, 1989

Dear 19(1)

Re:  Withholding Taxes on Bond Interest Payments and Exchanges of 
         Information.

The note presented at the October meeting contains the following discrepancies regarding Canada.

1. Footnotes to Table I - The words "In the case of resident companies" should be deleted from the second sentence as it is a bit confusing.

2. Table 4 - The comment "minor exemption for certain interest" should be in the right hand column as Canada does not levy withholding with respect to resident recipients of interest.

3. Table 7 - insert word "spontaneous" after "Automatic and".

I apologize for the delay in responding.

Yours sincerely, C. Savage A/Director Provincial and International Relations Division

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