Canada's Tax Convention with Madagascar entered into force on June 3, 2020
Finance announced that Canada's Tax Convention with Madagascar entered into force on June 3, 2020. The Convention, which was signed on November 24, 2016, reflects the Organisation for Economic Cooperation and Development's (OECD) standards for the exchange of tax information.
The Convention will apply, for Canadian withholding tax purposes, to amounts paid or credited to non-residents on or after January 1, 2021. For other Canadian taxes, the Convention will apply for taxation years beginning on or after January 1, 2021.
For more information, contact your KPMG advisor.
Information is current to June 30, 2020. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500
© 2021 KPMG LLP, an Ontario limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.