Canada-Barbados Tax Agreement – Agreement between Competent Authorities regarding Article XVI

In March 1989, the Competent Authorities for Canada and Barbados agreed to increase to $10,000 the amount of remuneration that a resident of one country can derive from employment in the other country without being taxed therein. 

The agreement was made pursuant to paragraph 2(a) of Article XVI of the Agreement between Canada and Barbados for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion, 1980. 

This paragraph provides that remuneration derived by a resident of one country in a given year in respect of an employment exercised in the other country is taxable only in the first country if the remuneration earned in the other country during that year does not exceed $5,000 or its equivalent in Barbados currency “or such other amounts as may be specified and agreed in letters exchanged between the competent authorities of the Contracting States.”

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