The Canadian Expat Association supports the efforts of the Canadian Chamber of Commerce in Hong Kong regarding the implementation of a Comprehensive Double Taxation Agreement (CDTA) between Canada and Hong Kong
Ottawa – November 21, 2011 – The following is a statement by Allan Nichols, President and Founder of the Canadian Expat Association (CEA)
Recently, The Canadian Chamber of Commerce in Hong Kong (CCCHK) released a Press Release in which they published the results of a joint survey (with Ernst & Young). The survey found:
“Canadian businesses and corporations overwhelmingly support the implementation of a CDTA between Hong Kong and Canada. The majority of respondents (71%) are ‘Supportive’ or ‘Very Supportive’ of implementing such a tax agreement. Canada and Hong Kong launched the second round of negotiations for such a treaty on November 2. While this is encouraging, other negotiations have stalled in the past, leading to delays of more than 8 years in some instances.”
CDTA’s are agreements that mitigate double taxation. It refers to taxation by two or more countries of the same income, asset or transaction. The double liability is often mitigated by tax treaties between countries.
Ensuring fair and reasonable tax regimes for Canadians living and working abroad is a fundamental principal the CEA has been working on since its founding in 2007. We are pleased to see that the CCCHK advocate for such agreements that promote the health of Canadian businesses operating around the world.
About the CEA
The CEA is a Non-Government community linking all Canadians living abroad under one bilingual platform. At nearly 9% of the total population of Canada, the estimated 2.8 million Canadians living abroad can connect regardless of where they are living in the world.
For further information:
Allan Nichols
Telephone: 1-250-415-0051
E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it.