CANADA–KOREA TAX CONVENTION
4. Schedule IV to An Act to implement conventions between Canada and Spain, Canada and the Republic of Austria, Canada and Italy, Canada and the Republic of Korea, Canada and the Socialist Republic of Romania and Canada and the Republic of Indonesia and Agreements between Canada and Malaysia, Canada and Jamaica and Canada and Barbados and a convention between Canada and the United Kingdom of Great Britain and Northern Ireland for the avoidance of double taxation with respect to income tax, chapter 44 of the Statutes of Canada, 1980-81-82-83, is replaced by the Schedule IV set out in Schedule 3 to this Act.
5. For greater certainty, the Convention set out in Schedule IV to the Act, as enacted by chapter 44 of the Statutes of Canada, 1980-81-82-83 (“the 1978 Convention”), ceases to apply in accordance with Article 28 of the Convention set out in Schedule 3 to this Act (“the 2006 Convention”).
6. (1) Within 60 days after the day on which the 2006 Convention enters into force, the Minister of Finance shall cause to be published in the Canada Gazette a notice of the day on which the 2006 Convention enters into force and of the day on which the 1978 Convention terminates.
(2) For greater certainty, the notification referred to in subsection (1) replaces the notification provided for under section 12 of the Act in respect of the coming into force of the 2006 Convention and of the day on which the 1978 Convention ceases to be effective.
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