An Act to implement conventions, protocols, agreements and a supplementary convention, concluded between Canada and Namibia, Serbia, Poland, Hong Kong, Luxembourg and Switzerland, for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes

Short title: Tax Conventions Implementation Act, 2013 Bill S-17 (41-1) Status: Royal assent received Type: Senate Government Bill Sponsor: Marjory LeBreton, Leader of the Government in the Senate Latest stage: Royal assent Legislative

summary <div>The Library of Parliament does not prepare Legislative Summaries for bills that implement treaties, conventions, agreements or administrative arrangements bills. The following is a short

summary:<br/><br/>On March 2013, the Leader of the Government in the Senate introduced Bill S-17,

An Act to implement conventions, protocols, agreements and a supplementary convention, concluded between Canada and Namibia, Serbia, Poland, Hong Kong, Luxembourg and Switzerland, for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes (Tax Conventions Implementation Act, 2013) in the Senate and it was given first reading.<br/><br/>Bill S-17 implements four recent tax treaties that Canada has concluded with Namibia, Serbia, Poland and Hong Kong.

This enactment also implements amendments to provisions for the exchange of tax information found in the tax treaties that Canada has concluded with Luxembourg and Switzerland.<br/><br/>The tax treaties with Namibia, Serbia, Poland and Hong Kong are generally patterned on the Model Tax Convention on Income and on Capital developed by the Organisation for Economic Co-operation and Development (OECD).

The amendments to the treaties with Luxembourg and Switzerland ensure that their provisions for the exchange of tax information reflect the current OECD standard on this matter.<br/><br/>Tax treaties have two main objectives: the avoidance of double taxation and the prevention of fiscal evasion. Since a tax treaty provides relief from taxation rules in the Income Tax Act, it becomes effective only after being given precedence over domestic legislation by

an Act of Parliament such as this one.

Finally, for each instrument implemented by this Act to become effective, it must be ratified after the enactment of this Act.</div> House of Commons — First reading: Completed (2013-05-09) House of Commons — Second reading: Completed (2013-06-10) House of Commons — Consideration in committee: Completed (2013-06-17) House of Commons — Report stage: Completed (2013-06-18) House of Commons — Third reading: Completed (2013-06-18) Senate — First reading: Completed (2013-03-06) Senate — Second reading: Completed (2013-04-17) Senate — Consideration in committee: Completed (2013-05-02) Senate — Third reading: Completed (2013-05-07) Full bill text is not included in the LEGISinfo JSON export.

Open the official Parliament of Canada bill page for the complete document.