28 May 2015 IFA Roundtable Q. 12, 2015-0581521C6 - IFA 2015 Q.12: Canada-Switzerland Treaty -- summary under Article 10

A corporation resident in Switzerland ("Swissco") wholly-owns "Holdco," which wholly-owns "Canco"). S. 214(3)(a) deems Canco to pay a dividend to Swissco. The rate of withholding tax would be 15% under the English version of the Swiss Treaty but 5% under the French version. How would Art. 10(2)(a) of the Swiss Treaty apply? CRA responded:

[T]axpayers should, in these circumstances, apply the version of the Swiss Treaty that gives them the most favourable result. We would normally expect that this would be the French version… .

Topics and taglines
Topic
Treaties - Income Tax Conventions - Art. 10
Tagline
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
325607
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
347042
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