S-2 , 39th Parliament, 2nd session October 16, 2007, to September 7, 2008

An Act to amend the Canada-United States Tax Convention Act, 1984
Bill type
Senate Government Bill
This bill received royal assent on December 14, 2007

Statutes of Canada 2007, c. 32

Progress

End of stage activity
Introduction and first reading, October 18, 2007
Chamber sittings
Sitting date Debates (Hansard)
October 18, 2007
End of stage activities
Second reading, November 13, 2007
Referral to committee, November 13, 2007
Chamber sittings
Sitting date Debates (Hansard)
October 24, 2007
Sitting 5
Major speeches
Show major speeches at second reading
October 31, 2007
November 1, 2007
November 13, 2007
End of stage activity
Committee report presented, November 15, 2007
Committee meetings
Meeting date Details
November 15, 2007
Meeting 2
Chamber sittings
Sitting date Debates (Hansard)
November 15, 2007
End of stage activity
Third reading, November 21, 2007
Chamber sittings
Sitting date Debates (Hansard)
November 20, 2007
November 21, 2007
End of stage activity
First reading, November 22, 2007
Chamber sittings
Sitting date Debates (Hansard)
November 22, 2007
End of stage activity
Second reading and referral to committee, November 26, 2007
Chamber sittings
Sitting date Debates (Hansard)
November 26, 2007
Sitting 24
Major speeches
Show major speeches at second reading
Agreed to (Journals 24)
2nd reading and referral to committee -
End of stage activity
Committee report presented, December 7, 2007
Committee meetings
Meeting date Minutes
December 4, 2007
Meeting 6
December 6, 2007
Meeting 7
Chamber sittings
Sitting date Debates (Hansard)
December 7, 2007
End of stage activity
Concurrence at report stage, December 13, 2007
Chamber sittings
Sitting date Debates (Hansard)
December 13, 2007
End of stage activity
Third reading, December 13, 2007
Chamber sittings
Sitting date Debates (Hansard)
December 13, 2007
Sitting 37
Agreed to (Journals 37)
3rd reading

Details

Recorded votes

House of Commons

There are currently no recorded votes for this bill.

Senate

To view the complete list of standing votes that have taken place in the Senate, please refer to the Votes page of the Senate of Canada website.

Speaker's rulings and statements

There are currently no Speaker's rulings and statements.

Major speeches at second reading

Senate

Speech date Speech
October 24, 2007 Sponsor’s speech(Sitting 5)
October 24, 2007 Response speech(Sitting 5)

House of Commons

Speech date Speech Member of Parliament
November 26, 2007 Sponsor’s speech(Sitting 24) Ted Menzies (Conservative)
November 26, 2007 Response speech(Sitting 24) John McCallum (Liberal)
November 26, 2007 Response speech(Sitting 24) Paul Crête (Bloc Québécois)
November 26, 2007 Response speech(Sitting 24) Joe Comartin (NDP)

About

Legislative summary

On 18 October 2007, the Leader of the Government in the Senate introduced Bill S-2, An Act to amend the Canada-United States Tax Convention Act, 1984, in the Senate and it was given first reading.

Bill S-2 amends the Canada-United States Tax Convention Act, 1984 to implement a Protocol that amends the Convention between Canada and the United States of America with Respect to Taxes on Income and on Capital and adds Annexes A and B to it. The major change contained in the Protocol is the elimination of all withholding tax on cross-border payments of interest. The elimination is immediate for arm’s length payments of interest and phased in over three years for non-arm’s length payments. Other changes to the Convention include new rules for the treatment of “limited liability companies” (LLCs), pensions, stock options, corporate continuances and taxpayers who change residence from one country to the other. Annex A to the Convention clarifies the interpretation of a number of provisions of the Convention. Annex B to the Convention provides for a binding arbitration procedure.

Similar bills

No similar bills were introduced during previous sessions or Parliaments

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