Change to withholding rate on dividends in the Canada-Chile Tax Convention

Effective January 1, 2000, the withholding rate on direct dividends described in subparagraph 2 (a) of Article 10 of the Canada-Chile Tax Convention has been lowered from 10 percent to 5 percent. This change occurs as a result of the "Most Favoured Nation" provision in the Protocol to the Convention and has been confirmed by Chile.