Tax memo: Payments to non-residents: How new CRA guidelines and forms affect financial institutions

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This Tax memo discusses how new Canada Revenue Agency (CRA) administrative guidelines affect financial institutions and other agents that administer payments made on Canadian securities. These guidelines specify the information Canadian payers must obtain to withhold tax on payments to non-residents at a treaty-reduced rate.

The new guidelines include three recently issued forms, which must be filed by non-residents by December 31, 2011. The forms are not prescribed and the same information can be submitted in a different format.