In Print: Navigating the New Bilateral Limitation-on-Benefits Rule

Taxpayers may encounter interpretive challenges when applying the new limitation-on-benefits (LOB) provisions. To help Canadian residents obtain clarity before entering real transactions, this In Print issue:

  • Provides a general overview of the LOB article
  • Examines certain practical implications of the article's application
  • Highlights areas that require additional guidance
  • Identifies possible issues and anomalies taxpayers may encounter when applying the new rules

The paper also shares decision-making flowcharts that illustrate an individual's eligibility when claiming benefits under the Canada-US Tax Treaty. Read the PDF below to learn more.