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20_International_Issues_in_Taxation

20_International_Issues_in_Taxation - Chapter 20...

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Chapter 20 International Issues in Taxation
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Introduction The following topics are covered in this chapter: Residency Taxation of Non-Residents earning Canadian source income Double Taxation issues Emigration and Immigration Foreign Source Income earned by residents
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International Tax Treaties These treaties between countries facilitate trade and investment by removing income tax obstacles, such as potential double taxation The treaties also: Create certainty for anyone involved in cross border transactions, Prevent discrimination, Ensure sharing of revenues, and Provide information sharing mechanisms for administration of tax laws In general, where a tax treaty and the ITA differ, the treaty takes precedence In discussing treaties, we will focus on the Canada/US treaty, although Canada has tax treaties with 107 countries that are signed, or in negotiation.
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