TaxNewsFlash-United States

September 19, 2007
No. 2007-410
    
 

United States, Canada to Sign Protocol on Friday, September 21

The U.S. Treasury Department today announced that Secretary Paulson will participate in Friday’s signing ceremony of a Protocol to the United States-Canada income tax treaty. The Protocol is scheduled to be signed in Chelsea, Quebec, on September 21, 2007.

According to today’s Treasury Department release (HP-563, September 19, 2007), the Protocol will be the fifth updated agreement since the original income tax treaty was signed in 1980.

After being signed, the Protocol would need to go through the ratification procedures in both countries for its provisions to enter into force.
 

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