DT4630.29 - Canada: double taxation agreement, Article 29: Termination

This Convention shall continue in effect indefinitely but the Government of either Contracting State may, on or before 30 June in any calendar year after the year 1980 give notice of termination to the Government of the Other Contracting State and, in such event, this Convention shall cease to be effective:

(a) in Canada

(i) in respect of tax withheld at the source on amounts paid or credited to non- residents on or after 1 January in the calendar year next following that in which the notice is given; and
(ii) in respect of other Canadian taxes for any taxation year ending in or after the calendar year next following that in which the notice is given;

(b) in the United Kingdom:

(i) in respect of income tax and capital gains tax for any year of assessment beginning on or after 6 April in the calendar year next following that in which such notice is given;
(ii) in respect of corporation tax, for any financial year beginning on or after 1 April in the calendar year next following that in which such notice is given;
(iii) in respect of petroleum revenue tax for any chargeable period beginning on or after 1 January in the calendar year next following that in which such notice is given;
(iv) in respect of development land tax, for any realised development value accruing on or after 1 April in the calendar year next following that in which such notice is given.