Entry into force: new tax treaty takes effect after mutual notification, establishing staggered Canada and India tax-year application.

Entry into force occurs after reciprocal notification that constitutional requirements are satisfied; the Agreement operates from the later notification date. In Canada the Agreement applies to withholding on amounts paid or credited and to other Canadian taxes beginning on the first day of January of the calendar year following entry into force, and in India it applies to income in taxable years and to capital held at the end of fiscal years beginning on the first day of April of the calendar year following entry into force. The 1985 Agreement ceases to have effect and terminates accordingly.

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