Tax Treaty signed between Canada and the Republic of Namibia

The Department of Finance has announced that a tax treaty between Canada and the Republic of Namibia for the avoidance of double taxation and the prevention of fiscal evasion was signed on March 25, 2010, in Windhoek.

The treaty limits the rate of withholding tax to 5% for dividends between affiliated companies and 15% for dividends in all other cases, and 10% for interest and royalties.

The treaty will enter into force once both countries have taken the necessary ratification measures and have notified each other of such ratification.

The full text of the treaty can be found on the Department of finance website.

http://www.fin.gc.ca/treaties-conventions/namibia-eng.asp

This treaty is NOT in full force yet.

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Change to the Dividend Tax Credit Rate – MRQ

Further to an announcement made by the Québec Minister of Finance, the rate of the dividend tax credit will be modified for the 2010 taxation year.

The current rate of 17.255% will be reduced to 17.136%. This change will affect the RL-3 slip (box C), the RL-15 slip (box 44), the RL-16 slip (box J) and the RL-25 slip (box G).

The new rate must be taken into account for certification purposes, and in the production of the slips concerned for 2010.

Is anyone tracking this?

I’m looking for confirmation that it still is a go.