On December 15, 2008, Canada’s Department of Finance and the US Treasury Department announced the entry into force of the Fifth Protocol to the Canada- US Income Tax Convention, 1980. The Fifth Protocol was signed by Canada and the US on September 21, 2007, ratified by Canada on December 14, 2007 when Bill S-2 received Royal Assent, and subsequently ratified by the US Senate on September 23, 2008.

type Tax News Advisory - December 2008 - Canada-US Treaty Revisions In Force