Debenture interest is dealt
with in article VIII, which confirms the right of Canada to withhold a tax of 15 per cent at the source on interest arising in Canada and paid to a resident of the Netherlands, and the right of the Netherlands to withhold a similar tax on interest arising in the Netherlands and paid to a resident of Canada.
In addition, this article provides that in the event of one country wishing to increase the 15 per cent rate of tax, that country may, on notice, cease to be bound by the 15 per cent limitation.
Topic: INTERIM SUPPLY
Subtopic: INCOME TAX