• International Finance Transactions - Update on Proposed Elimination of Canadian Withholding Tax
  • April 18, 2008
  • Law Firm: Ogilvy Renault LLP - Montreal Office
  • On November 13, 2007, draft legislation was released that, if enacted, will accelerate the effective date for the elimination of Canadian withholding tax on interest payments to arm's length nonresident lenders. The new proposed effective date is January 1, 2008.